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

NewsFeeds update

Walleye Capital, which manages over $17bn, lost 5.9% in October, its worst month since March 2020, after a tech selloff in which the Nasdaq fell 5.5% and the S&P 500 4.4%, with chip stocks hit hard. The hedge fund told investors it will cut jobs and return capital.

MacroChainCatcherAIBearish

Read the original on ChainCatcher

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

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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.