Francis Lau's hedge fund achieves 65% return in Canada and the US

Francis Lau's hedge fund, Lucida Capital, achieved a 65% return, significantly outperforming Bay Street rivals. The fund, managed solely by Lau, focuses on mid-cap stocks and operates without leverage, investing in a diversified basket of US and Canadian companies. Lau's strategy targets companies with market capitalizations between $2 billion and $10 billion, aiming to capitalize on their inefficiencies and liquidity.