Ken Griffin’s multi-strategy hedge fund major Citadel is moving into industrial metals trading as record prices and heightened market volatility draw increased hedge fund interest into the sector, according to a report by Bloomberg.
The firm has hired Ylan Adler as a portfolio manager with a cross-commodities remit, with industrial metals expected to form a central part of his mandate, according to people familiar with the matter. The appointment marks a shift in approach for Citadel, which has...
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