Walleye Capital, a $17bn hedge fund, is scaling back its equities business and returning capital to investors after recent market turbulence. The firm is closing its equity long‑short unit, prompting the departure of head Anil Gondi, while CEO Will England cited a difficult 2026 and the worst month since March 2020. Walleye recently hired Jordan Tanner from Balyasny as its new equity strategist.
England emphasized continued investor demand for volatility, quantitative and external strategies. The move follows a broader tech‑sector sell‑off sparked by Democratic concerns over AI data‑center expansion, with the Nasdaq 100 dropping 6.4% and chip stocks sliding sharply. Other funds, like Leopold Aschenbrenner’s Situational Awareness, have also faced steep losses, highlighting the volatility in the hedge‑fund landscape.
Source: Financial Times Companies · Summarized by HeadlinesBriefing