LONDON – The London Metals Exchange (LME), Europe's primary base metals exchange, is proving a popular route into the lucrative, non-precious region of the metals market for a growing number of hedge funds.
Alex Wilkinson, managing director and global head of the listed products group at investment bank Dresdner Kleinwort Wasserstein (DrKW), says the LME is increasingly attractive to hedge funds wanting to make speculative investments in base metals. Since the launch of a new version of the
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