Francis Lau’s one-man hedge fund, Lucida Capital, posted a 65% gain from April through December 2025, outperforming larger Canadian rivals, by investing – leverage-free – primarily in mid-cap US and Canadian stocks, according to Bloomberg data.
The Markham-based firm manages between CAD50 million and CAD100 million, mostly for high-net-worth individuals.
Lau, 43, founded Lucida Capital after two decades on Bay Street, most recently at Vantage Asset Management. Operating from an office next to a...
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