News

Sep 21, 2023

Metals Traders Are Leaving Hedge Funds as Markets Disappoint

A series of metal traders are leaving hedge funds — including some fairly new hires — after the wild price swings that drew fresh money into the sector in recent years have evaporated, leaving markets

A series of metal traders are leaving hedge funds — including some fairly new hires — after the wild price swings that drew fresh money into the sector in recent years have evaporated, leaving markets drifting sideways.

Specialists at firms including Balyasny Asset Management, BlueCrest Capital Management and Millennium Management have all left this year, according to people familiar with the matter, who asked not to be identified discussing private information.