Hedge funds and food firms making billions on Ukraine turmoil – analysis ...News

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Hedge funds and food firms making billions on Ukraine turmoil – analysis
Experts blame the organizations for exacerbating the food crisis by “betting on hunger” Ten of the globe’s largest hedge funds made nearly $2 billion on the food-price spike that occurred after the start of Russia’s military operation in Ukraine, The Guardian reported, citing a report by Greenpeace’s investigative journalism branch Unearthed and Lighthouse Reports, a journalism nonprofit. Hedge funds are investment firms that buy and sell equities and commodities for profit. According to the report, analysts examined the returns made by Societe Generale’s SG Trend Index for the first quarter of last year, both pri

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