Walleye Joins Multistrategy Hedge Funds Saying No to New Cash

Walleye Joins Multistrategy Hedge Funds Saying No to New Cash

Walleye Capital is pausing taking new cash, joining a string of multistrategy hedge funds turning down investors to avoid being bogged down by size.

Walleye Capital closes to new investors

Walleye Capital has joined a growing cohort of elite multi-strategy hedge funds shutting their doors to new investor capital, as the $8bn firm seeks to maintain performance and absorb recent growth, according to a report by Bloomberg. The report cites the New York-based firm as revealing in a recent letter to investors that it will no longer accept new money, citing the need to let its strategies “settle at their new size” following a capital ra…

Logon Opalesque Alternative Market Briefing

From Bloomberg: Walleye Capital is pausing taking new cash, joining a string of multistrategy hedge funds turning down investors to avoid being bogged down by size. New York-based Walleye will no longer accept money from new investors after growing assets to more than $8 billion, according to a let... Article link