Investors See Third Avenue Fueling More Bond Market Carnage

  • Lucidus says it has liquidated $900 million credit funds
  • Minerd says 15% of high-yield funds may face high withdrawals

Lucidus Capital Liquidates $900 Million in Credit Funds

Top bond managers are predicting more carnage for high-yield investors amid a market rout that forced at least three credit funds in the past week to wind down.

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