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Hedge fund Walleye returns capital to clients as it scales back equities trading

By ChordNews · First written (new coverage )

Walleye Capital to return $2 billion to clients after equity cuts - report
Image: investing.com
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Summary

Walleye, a multi-strategy hedge fund with $17bn in assets, is handing capital back to clients as it slims down its equity business. The Financial Times reports that the fund told clients the move follows its worst month since the coronavirus crisis. Bloomberg and Investing.com report that Walleye plans to return about $2 billion to clients after deciding to cut back on equities trading.

Timeline

  1. Financial Times

    Source ↗

    Walleye, a multi-strategy hedge fund with $17bn in assets, is returning capital to clients as it slims down its equity business, and told clients the move comes after its worst month since the coronavirus crisis.

  2. Bloomberg

    Source ↗

    Walleye Capital plans to return about $2 billion to clients following its decision to cut back on equities trading.

  3. Investing.com

    Source ↗

    Walleye Capital is returning $2 billion to clients after cutting its equities business, according to a report.

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