Qatar Holding comes of age as it resists ‘Glenstrata’ - FT.com

This week it has become clear that the $70bn merger between Glencore, the world’s biggest commodities trader, and the London-listed miner Xstrata is likely to be derailed by a little-known sovereign wealth fund, Qatar Holding.
The Qatari state’s investment arm has slowly increased its global presence in recent years. But its vocal opposition to the “Glenstrata” deal marks its growing confidence as an investor.
“Our strategy in two words: no strategy” said one of the fund’s managers, Dr Hussain Ali al-Abdulla, earlier this year. There may be no strategy but the fund is increasingly making waves.

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