Lucid Management And Capital Partners Lp

Lucid Management and Capital Partners LP is a Delaware limited partnership established on January 1, 2017, based in New York, NY. The firm specializes in providing advisory services on a discretionary basis to pooled investment vehicles intended for sophisticated and institutional investors. They may also offer services to separately managed accounts for institutions in the future. The firm focuses on managing short-duration, fixed income portfolios to achieve attractive risk-adjusted returns while prioritizing capital preservation and liquidity. As of March 26, 2025, the firm managed approximately $4.44 billion in Regulatory Assets under Management. Lucid charges fixed asset-based management fees, which are non-negotiable and based on a percentage of assets. Clients may also incur additional investment expenses such as custodial charges, audit fees, and brokerage costs. The firm does not charge performance-based fees. Lucid's investment strategy involves constructing portfolios with a focus on risk management, security selection, and collateral risk management. The firm's investment process aims to generate returns through investments in eligible fixed income securities, repurchase agreements, and collateralized transactions. Lucid's risk management framework includes monitoring risks using a Value-at-Risk framework to assess market, default, and counterparty risks. The firm has not been subject to any material legal or disciplinary events in the past ten years. Clients include institutional funds, endowments, corporations, and high net worth individuals. Lucid has investment discretion to determine securities and investments for client accounts based on factors such as investment objectives, risk profiles, and market conditions. The firm may engage in cross transactions between client accounts under certain conditions. Lucid's proxy voting policies ensure that votes are in the best interests of clients.