Ex-UBS Credit Trader Nakum Joins Lucidus Capital Hedge Fund

Lucidus Capital Partners LLP, the credit hedge fund, hired Anatoly Nakum last month to be a money manager focused on corporate debt.

The former co-head of debt trading for North America at UBS AG (UBSN) is running a long-short credit strategy with William Gaberlavage, Nakum said today in an e-mail. Nakum, who left UBS in 2011, joins David Gallers, who departed his post as head of credit-default swap index trading at UBS in October and now is a money manager focused on the indexes.

Simon Meadows, head of business development at Lucidus in London, declined to comment on the moves.

Lucidus, the corporate credit hedge fund founded as a unit of Caxton Associates LLC byDarryl Green and Geoffrey Sherry, has $1.5 billion in notional assets under management and employs 43 people in London and New York.

At Lucidus, Nakum is focused on high-yield and lower-rated investment grade debt. Speculative-grade debt is rated below Baa3 by Moody’s Investors Service and lower than BBB- at Standard & Poor’s.

To contact the reporter on this story: Mary Childs in New York at mchilds5@bloomberg.net

To contact the editor responsible for this story: Alan Goldstein at agoldstein5@bloomberg.net

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