A $17 Billion Hedge Fund Is Handing Back Cash After Its Worst Month Since 2020
The hedge fund said it will keep trading stocks and hire internal portfolio managers after a second major departure from its stock-picking unit.
8 Articles
8 Articles
A $17 Billion Hedge Fund Is Handing Back Cash After Its Worst Month Since 2020
When a hedge fund cuts its stock pickers on the same day AI chip shares crater, it's tempting to read a verdict on the businesses. The real story is about who owns Micron, AMD, and KLA, and what that means for your shares.
Walleye Capital Lost 5.9% in October and Is Restructuring Its Equity Long/Short Business, Parting Ways With Leadership and Returning Capital:
HedgeCo.Net — Walleye Capital is restructuring its internal equity long/short business after a 5.9% loss in October, its worst month since March 2020, and plans to return a portion of capital to investors, according to a letter from chief executive and chief investment officer Will England seen by Business Insider and reported by Hedgeweek and Investing.com. The roughly $17 billion multi-strategy firm is parting ways with Anil Gondi, who joined …
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The AI selloff has set off another round of hedge fund restructuring. $17bn Walleye Capital is cutting its internal equity long-short unit and returning some capital, and Engineers Gate is parting ways with most of its "synthesis" stock team. According to Bloomberg figures, October... Article link
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