Citadel is moving into industrial metals, shifting its stance after years of avoiding the sector as prices from copper to tin hit record highs, Bloomberg reports citing sources
Importance
Level 1
- The hedge fund has hired Ylan Adler as a portfolio manager with a cross-commodities mandate of which metals will be a key part, according to sources.
- The move comes amid a wider rush of interest in metals trading, as a red-hot market draws many other funds and trading houses to expand into the sector.
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