Lucidus Shutters $900 Credit Fund, Citing Redemption Pressure

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Mani
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Lucidus Capital Partners

Lucidus Capital Partners, a high-yield credit fund, has liquidated its entire portfolio and plans to return its $900 million asset under management, following a redemption request in October from a significant investor. Following the news of Lucidus Capital Partners plans to liquidate, the SPDR Barclays High Yield Bond ETF and iShares iBoxx $ High Yid Corp Bond (ETF), the two biggest high-yield bond exchange traded funds, dropped to their lowest price in six years on Monday. Lucidus exited all investments According to a statement from Lucidus Capital Partners, the fund has exited all investments. The high-yield credit fund has liquidated its…

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports