Research reveals that Glencore could have lost a daily $42.5m last year on average when measured by the so-called “value-at-risk” measure, much more than the average $25.7m put at risk each day in 2010 in commodities trading by Goldman Sachs, Morgan Stanley, Barclays Capital and JPMorgan.
Glencore, a Swiss-based company is aiming to sell a stake of 15-20 per cent, worth up to $12.1bn.
via FT.com / Commodities – Glencore has bigger risk appetite than Wall St banks.
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