Today news
About the same in other media
27.06 - 14:29
London Metal Exchange hit with complaint from $2.6tn hedge fund group over nickel fiasco
Reading now: 1000
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 $2.6tn in assets — said that “the LME has undermined confidence in its ability to oversee markets by failing to perform its regulatory obligations to maintain an orderly market, manage conflicts of interest and protect investors in the nickel market”.
The...
Read more on fnlondon.comAbout this in other media
Crypto hedge fund Three Arrows mulls bailout as market sell-off batters investors fnlondon.com /2 years ago
GBTC premium hits -34% all-time low as crypto funds ‘puke out’ tokens cointelegraph.com /2 years ago
Elon Musk gets hit with ‘ridiculous’ $258B Dogecoin lawsuit cointelegraph.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
