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London court throws out hedge funds case against London Metal Exchange over $4bn nickel debacle
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fnlondon.comA London High Court has dismissed a case against the London Metal Exchange in which a group of hedge funds sought information about the exchange’s 8 March decision to cancel some $4bn in nickel trades.
AQR Capital Management – as well as DRW Commodities, Flow Traders, Capstone Investment Advisors and Winton Capital Management – brought a case against the exchange, arguing the LME had not given a proper or full explanation of its 8 March decision relating to the cancellation of nickel trades.
The exchange...
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