Hedge Fund Exodus Sets Mr. Copper’s Business on Lonely Road
- Contributes to LME-volume slump to lowest since at least 2008
- Metals industry gathers in London next week for annual meeting
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Mr. Copper has wound up on the road less traveled.
Michael Farmer, 71, who earned his nickname from years of trading the metal before co-founding Red Kite Group in 2005, was once part of a thriving band of metals hedge-fund innovators able to rock markets with a single trade.