Lucidus Has Liquidated $900 Million Credit Funds, Plans to Shut

  • Decision said to follow client redemption notice in October
  • Reduced trading in CDS said to limit fund's profit opportunity

Lucidus Capital Partners, a high-yield credit fund founded in 2009 by former employees of Bruce Kovner’s Caxton Associates, has liquidated its entire portfolio and plans to return the $900 million it has under management to investors next month, according to a statement Monday from the London-based company.

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