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27.06 - 14:29
Hedge fund group files complaint against LME for ‘failure’ during nickel chaos
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fnlondon.comA formal complaint has been made by the Managed Fund Association against the London Metal Exchange over its cancellation of nearly $4bn in nickel trades on 8 March.
In an 8 June letter to the LME, the hedge fund group — representing 150 hedge funds managing nearly $2.6trn in assets — said that “in cancelling executed nickel contracts, the LME failed to perform its regulatory functions.”
The...
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