Google Analytics counts our visits, with cookies. No thanks turns it off and removes its cookies; in Europe, the UK, Switzerland and India, or wherever we cannot tell where you are, it stays off unless you accept. Cookie Notice

Advertise
PRICES
BTCETHSOLXRPBNBTONDOTLTCPOLHBARNEARARBUNI
Back to NewsFeeds

Walleye and Engineers Gate confirm losses and job cuts after tech stock sell-off

NewsFeeds update

After a sharp fall in US tech stocks, Walleye Capital, which manages about $17bn, lost 5.9% in October, dismissed equities head Anil Gondi and plans to return capital to investors. Engineers Gate cut its Synthesis equities team after a 5.5% October loss; other reported fund troubles are unconfirmed.

MacroOdailyAIBearish

Read the original on Odaily

The story so far: Walleye Capital losses and cuts

Walleye Capital lost 5.9% in October, its worst month since March 2020, and told investors it will streamline its stock long-short business, replace leadership and return some capital. It has now dismissed equities head Anil Gondi; Engineers Gate also cut its Synthesis equities team after a 5.5% October loss.

Headlines only, oldest first. Open a headline for the full update and the outlet it came from.

  1. Walleye Capital to cut stock long-short team and return some capital

  2. Walleye and Engineers Gate confirm losses and job cuts after tech stock sell-off

  3. Walleye Capital tells investors of worst month in six years and job cuts

More Macro updates

  1. Morgan Stanley says leveraged ETF selling reached $57bn in 5 Nov US stock rout

    MacroBloomingbitAIBearish

  2. Shanghai Stock Exchange says listed companies' market value tops 65tn yuan

    MacroPANewsAINeutral

  3. Goldman Sachs says gold's slide is driven by speculative unwinding, not real rates

    MacroPANewsAINeutral

Every Macro update on NewsFeeds

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.