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Lilley's New Hedge Fund Bets On U.s. Metals After Red Kite Split

by bloomberg.com posted 1month ago 21 views
For the past three decades, David Lilley has been one half of the best-known trading duo in global metals markets. Now he’s branching out alone, with bets on a revival of two unloved corners of the industry: the U.S. manufacturing sector and specialist commodity hedge funds. In a wide-ranging interview with Bloomberg News, Lilley for the first time publicly explained why he split with long-time business partner Michael Farmer a year ago. He set out his plans to build a new metals empire, investing in U.S. copper plants that make everything from heating units to trombone slides.

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