MF Global’s Meir ranks #1 on MB Apex
MF Global’s Ed Meir has ranked top of the overall leaderboard for Metal Bulletin's Apex service, having forecast second quarter base metals prices with 96.7% accuracy.
Metal Bulletin’s Apex service ranks analysts from major banks, brokerages and independent research companies every quarter based upon the accuracy of their most recent price predictions for the metals traded on the London Metal Exchange, both individually and overall.
The forecasts of analysts and desks that consistently call the market better than their peers are given more weighting for the second part of Apex, which provides a weighted forecast, a consensus forecast, a bull view and a bear view of the months ahead.
In April - June Meir ousted Deutsche Bank’s Daniel Brebner, who was in first place in the first quarter, with a perfect zinc forecast and near perfect calls on copper, nickel and tin.
“We really are now in a time and place where the integrity of the financial system itself is at stake, so forecasting in this kind of environment is fraught with danger,” Meir said.
JP Morgan’s Michael Jansen appeared in second place in the second-quarter leaderboard, taking over from Barclays Capital.