Hedge Fund Lutetium Plans to Liquidate, Return Investor Cash
Lutetium Capital and the Stress of Distressed Credit
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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.