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05.11.26 - 21:39
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Hedge Fund Walleye Returns Capital, Fires Head Of Equities After Worst Month Since COVID: Read The Full Letter (ZeroHedge)
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Hedge Fund Walleye Returns Capital, Fires Head Of Equities After Worst Month Since COVID: Read The Full Letter
One week ago, when Nomura's Charlie McElligott told clients that the October "pod purge" was the multi-strat model simply "cleansing" itself, we were less sanguine: "we suspect the next round of stop-outs is probably just a matter of time." Well, Charlie was wrong, we were right: it took about a week. And this time it's an entire fund.Moments ago, Bloomberg reported that Walleye Capital, the $17 billion multistrategy hedge fund run by CIO Will England, is returning a portion of its capital to investors and gutting its internal equities business after its worst month since March 2020. Walleye lost 5.9% in October, bringing its 2026 losses through last month to 6.8%, according to people familiar. Anil Gondi, the firm's head of equities, has been let go along with a "substantial" portion of the internal long/short teams, according to a letter se...
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03.11.26 - 13:18
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Major Hedge Funds Mostly Lose in ′Nowhere to Hide′ October (Bloomberg)
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Many of the world's biggest hedge funds extended their losses last month, as a sell off in technology stocks, a government bond meltdown and Brazil's shock election combined to deliver widespread volatility and one of the broadest declines since the coronavirus pandemic....
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