A group of hedge funds led by <-bsp-bb-link state="{"bbHref":"bbg://securities/499078Z%20US%20Equity","_id":"00000185-1bb8-dfe1-abbf-7bfcb06f0001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">AQR Capital Management LLC-bsp-bb-link> said that they lost a combined $95 million during a turbulent few days when the <-bsp-bb-link state="{"bbHref":"bbg://securities/1537986Z%20LN%20Equity","_id":"00000185-1bb8-dfe1-abbf-7bfcb06f0002","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">London Metal Exchange-bsp-bb-link> controversially canceled billions of dollars in nickel trades and suspended the market.
The group of funds on Friday applied to force LME to hand over information relating to two key phone calls on March 8, the day that the trades were canceled. AQR Chief Investment Officer
Learn more about Bloomberg Law or Log In to keep reading:
Learn About Bloomberg Law
AI-powered legal analytics, workflow tools and premium legal & business news.
Already a subscriber?
Log in to keep reading or access research tools.