Qatar MBA Grad Outflanking Glencore Signals Ambitions of State

The late-night negotiating session that led to a sweetened takeover offer by Glencore International Plc (GLEN) for Xstrata Plc (XTA) on Sept. 7 included a former British prime minister and a swashbuckling commodity-trading billionaire.

Analysis: Qatar demands respect with muscular Xstrata strategy

DUBAI (Reuters) - By holding out against Glencore's bid for mining giant Xstrata , Qatar is not just gunning for more profit from its stake, but showing Western financiers it won't be pushed around.

Qatar's sovereign fund takes 5pc slice of Xstrata

The move, which has angered some of Xstrata's shareholders, sees Qatar overtake Standard Life and Legal & General to become the third biggest investor after Glencore (33.6pc) and Blackrock (5.43pc).

Hedge funds bet Glencore won't pay more for Xstrata

Funds including Pine River Capital Management, Arrowgrass Capital Partners and Och-Ziff have taken a series of complex positions in both Glencore and Xstrata.