Key Takeaways
- • Walleye Capital told clients it will return about $2 billion as it scales back its equities trading business.
- • The move cuts the firm's hedge fund assets to about $10 billion, roughly where they stood at the start of the year.
- • Walleye's Dockside separately managed accounts business keeps about $5 billion in assets.
- • Head of equities Anil Gondi is reported to be leaving the firm, though the available text is cut off before the details are given.
Summary
Walleye Capital has told clients it will return about $2 billion as it scales back its equities trading activity, according to the publisher summary of the story. The reduction brings the firm's hedge fund assets to roughly $10 billion, close to the level they stood at the beginning of the year.
The firm's Dockside separately managed accounts business is not part of the reduction and retains about $5 billion. The publisher summary also indicates that Anil Gondi, head of equities, was leaving Walleye, but the available text ends before describing the circumstances or timing of his departure.
The available material does not provide further detail on the timing of the capital returns, the rationale for scaling back equities trading, or the firm's broader strategy. The figures above should be read as reported in the publisher summary, pending fuller coverage.
The firm's Dockside separately managed accounts business is not part of the reduction and retains about $5 billion. The publisher summary also indicates that Anil Gondi, head of equities, was leaving Walleye, but the available text ends before describing the circumstances or timing of his departure.
The available material does not provide further detail on the timing of the capital returns, the rationale for scaling back equities trading, or the firm's broader strategy. The figures above should be read as reported in the publisher summary, pending fuller coverage.
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