The Managed Funds Association, which represents 150 of the world’s leading global hedge funds, with nearly $2.6tn AUM, has made a complaint (against the London Metal Exchange (LME) over the recent suspension of nickel market trading.
Jennifer W Han, Executive Vice President, Chief Counsel, and Head of Global Regulatory Affairs at Managed Funds Association (MFA), said: “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. As an important provider of liquidity in the metal markets, the alternative asset management industry encourages the LME to take swift action to redress these regulatory shortcomings.”
