Global marketsUpdated November 6

Walleye plans a $2 billion return, cuts stock trading.

At $17 billion in assets, Walleye is a multi-strategy fund, according to the Financial Times. It plans to return about $2 billion to clients while cutting back its equities-trading business, Bloomberg reported. The FT said Walleye told clients the move comes after its worst month since the coronavirus crisis. That makes the month the backdrop to a two-part retreat: less equities trading, and a planned return of capital.

2 publishers2 reports

Coverage started November 5