Hedge Funds Embrace Copper’s Wild Ride
Bloomberg posted on Mon 21 Nov 2016 Permalink Print
The biggest copper rally in almost six years is leaving hedge funds squaring off with Goldman Sachs Group Inc.
Futures in New York jumped about 20 percent in just a month. The gains were propelled by a drop in London Metal Exchange-monitored inventories and speculation that Donald Trump’s pledges on infrastructure building will increase metals demand. The president-elect seems to have convinced money managers, who boosted their wagers on further price gains to the largest ever.
