Glencore Faces Legal Heat From Top Global Funds ...Middle East

Shares in commodity giant Glencore dropped over four per cent in early trading this morning after it was revealed some of the world’s biggest investment groups and companies are claimants in the trading house’s ongoing legal battle in London. Glencore is being challenged by 197 claimants, including sovereign wealth funds such as GIC, Norges Bank, and Oman Investment Authority, pension funds like Scottish Widows and Ontario Pension Board and strategies managed by companies including Abrdn, Fidelity, HSBC, Invesco and Legal and General.…

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