{
  "id": 18549385,
  "title": "Walleye Capital to return $2 billion to clients after equity cuts - report",
  "url": "https://urgent.news/2026/11/06/walleye-capital-to-return-2-billion-to-clients-after-equity-cuts",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-06T18:41:50.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/walleye-capital-to-return-2-billion-to-clients-after-equity-cuts--report-5009007"
  },
  "original_language": "en",
  "account": "Walleye Capital intends to return roughly $2 billion to its clients as the hedge fund reduces its equities trading operations, as per a Bloomberg report on Friday. The company plans to trim its hedge fund assets to around $10 billion, returning it to the level observed at the beginning of the year. Dockside, Walleye's separately managed accounts business, will retain an additional $5 billion in assets, according to the report.\n\nThe multistrategy hedge fund, managing approximately $17 billion in total assets, notified clients of the cash return on Wednesday as part of a restructuring plan for its internal equities business. Anil Gondi, Walleye's head of equities, was among those dismissed alongside a large portion of the equities teams. Chief Investment Officer Will England detailed the firm's strategy in a letter to clients, stating the company will focus on areas where it has a proven and differentiated advantage, such as Volatility, Quant, and external businesses.\n\nEngland clarified that Walleye is not abandoning equity long/short trading entirely; instead, the firm will continue through external manager allocations and support for select internal stock pickers. The company's assets had risen to about $4 billion by the end of 2023. Walleye experienced a 5.9% loss in October, reducing its year-to-date decline through last month to 6.8%. Mike Scheer, a former Jain Global portfolio manager, recently joined the firm to work closely with England.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Bloomberg",
        "title": "Walleye to Return $2 Billion to Clients in Stocks Trading Reset",
        "url": "https://urgent.news/2026/11/06/walleye-to-return-2-billion-to-clients-in-stocks-trading-reset",
        "published": "2026-11-06T18:16:48.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}