Reported 2 months ago
Hedge fund Walleye Capital has laid off around a dozen employees, notably the head of equity capital markets and several members of its investment team, as part of a strategic reshuffle. The departures account for less than 3% of the firm's risk exposure, with a plan to appoint a new ECM head soon. Despite the cuts, Walleye anticipates a net gain of 7.3% to 7.7% for its multistrategy fund in the first seven months of the year.
Source: YAHOO