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Hedge Funds

Hedge Fund Lutetium Plans To Liquidate, Return Investor Cash

by posted 3years ago 7621 views
Lutetium Capital LLC, a hedge-fund firm that invests in distressed securities, is liquidating its two credit funds and returning all of the money it was managing to investors by next month, according to co-founder Michael Carley. The firm oversees approximately $150 million, according to a person with knowledge of the firm who asked not to be identified because the information is private. The Stamford, Connecticut-based business told investors it would liquidate...