AQR Capital, Discovery Profit From Declines In Steel, Mining

The decline in oil prices had its effects far and beyond this year. The continous slump in oil has also dragged down the metal industry with it. Gold, which is considered a hedge to inflation, has lost its charm as deflation in major global economies becomes a greater cause for concern. The metals and mining industry, which was already not doing great, has slipped further this year with the added pressure from oil. This year a number of hedge funds bagged profits with their well-timed short bets in the materials industry. Since European data is public, here is a look at the…