Barclays Capital announced that it will unwind its Protium vehicle, originally set up in 2009 to hold some of its riskiest U.S. structured credit assets and reduce losses linked to credit market volatility. These are currently valued at around $10 billion.

Protium is managed by New York-based C12 Capital Management. C12 is run by 45 traders who left the Barclays Capital in September 2009 to join the operation led Stephen King and Michael Keeley,  

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