Hedge fund's link up to London's main metal shop

LONDON

As Europe's main base metals exchange, the London Metals Exchange (LME), with 127 years' trading history, is proving the most suitable route into the lucrative, non-precious region of the metals market for a growing number of hedge funds.

Alex Wilkinson, managing director and global head of the listed products group at Dresdner Kleinwort Wasserstein (DrKW), says the LME is increasingly attractive to hedge funds wanting to make speculative investments in base metals.

Since the launch of a new