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INVESTIGATION Some of Europe’s largest pension funds are investing billions of euros in volatile commodity markets, risking the hard-earned income of their workers while fuelling a global hunger crisis, a new @LHReports investigation has found. 
Together with @FTM_nl @Apache_be @LongPlay_fi @IlBoLive @ElDiario @openDemocracy and @EUobs we analysed the accounts of more than 70 major pension funds across Europe.
While some pension funds explicitly forbid speculating in commodities, especially in food, 15 are currently investing in them, with the 3 biggest buyers the Netherlands, UK and Denmark holding a total of €37 billion between them.
Financial speculators are pushing millions of people into hunger, flooding into commodity markets & exacerbating rising food prices. @LHReports reveals the scale of #HungerProfiteers & the lobbying that sabotaged efforts to stop investors gambling with food 🧵
In collaboration with reporters from @DerSpiegel @TheWire_ & @TheContinent_ @FTM_nl, @LHreports tracked a steep increase of money flows into listed commodity funds investing in wheat, the key ingredient for bread and pasta & whose supply is affected by war in #Ukraine
Commodity funds & markets are opaque but what we found should concern anyone worried about the current food crisis. We’ve documented a huge influx of investor cash into specialist agricultural funds, much of it coming from speculators: #HungerProfiteers
