Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Lucidus’s Sherry Says Europe Buys Itself Time With ECB Loans

Geoffrey Sherry, co-founder of Lucidus Capital Partners LLP, a London-based hedge fund, said the European Central Bank’s injection of 489 billion euros ($644 billion) of cash into the financial system hasn’t made banks solvent.

“They have not fixed the problem of bank insolvency,” Sherry said in an interview on Bloomberg Television’s “InsideTrack” today. “They haven’t fixed anything, but they have bought themselves some time.”

Lucidus became a separate firm in 2009 as a joint venture with Caxton Associates LLC, the New York-based hedge fund founded by Bruce Kovner. Credit Suisse AG bought a minority stake in Lucidus last year.

Sherry, a former co-head of credit trading at JPMorgan Chase & Co., formed Lucidus with Darryl Green. Green previously served as chief investment officer for Donaldson Lufin & Jenrette’s fixed-income proprietary trading group.

Lucidus is “long bank credit risk” and is shunning illiquid investments, Sherry said. He said he expects the market to turn at some point this year, which means hedge funds should be holding assets they can easily sell.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.