Caxton starts High-Yield Debt fund Lucidus Capital Partners
| October 27th, 2009 | ||
| Caxton Associates LLC’s new joint venture, Lucidus Capital Partners LLP, is said to have raised $500 million for a new high-yield debt fund. According to Bloomberg, the new fund will be managed by Darryl Green, the CEO of Caxton Europe Asset Management, and Geoffrey Sherry, a Caxton portfolio manager based in New York. Caxton will have a 25% stake in Lucidus with the rest being held by Green, Sherry, and the rest of the firm’s employees. The fund will have the benefit of Caxton’s resources to attract institutional investors who are hesitant to invest money in a startup fund. | ||
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For Detailed Investor Profiles on these Investors, click below: |
Lucidus Capital Partners |
Related People: Bruce Kovner;
Related Entities: Caxton Associates LLC;
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Launches and Hedge Fund Closings
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