Reported 27 days ago
Walleye Capital has laid off eight portfolio managers, including its global macro head Anuraj Dua, in a significant job reduction aimed at maintaining efficiency. The cuts affected positions managing less than 1% of the firm's risk exposure, with Walleye focusing on core areas like volatility and equities. The firm, which manages approximately $7.1 billion in assets and has seen over a 13% increase this year, is restructuring in response to the challenges faced by the hedge fund industry's multistrategy model.
Source: YAHOO