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Qatar Wealth Fund May Have Lost Billions on VW, Glencore Stakes

  • Volkswagen, Glencore slumped more than 15 percent in two days
  • Qatar may have lost $4.3 billion from just its VW holdings
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Qatar’s sovereign-wealth fund may have lost $4.6 billion in just two days from its stakes in Volkswagen AG and Glencore Plc.

Qatar Investment Authority, the biggest holder of VW’s preferred shares and the third-largest owner of its ordinary stock, stands to have seen 3.8 billion euros ($4.3 billion) evaporate from its holdings in the automaker. QIA is also the largest investor in Glencore, and its stake that might have lost 231 million pounds ($354 million).