Lucidus Shutters $900 Credit Fund, Citing Redemption PressureMani
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.
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