Lucidus Shutters $900 Credit Fund, Citing Redemption Pressure

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 entire portfolio and plans to return the $900...