Hedge Fund Walleye Returns Capital, Fires Head Of Equities After Worst Month Since COVID: Read The Full Letter One week ago, when Nomura's Charlie McElligott told clients that the October "pod purge" was the multi-strat model simply "cleansing" itself, we were less sanguine: " we suspect the next round of stop-outs is probably just a matter of time ." Well, Charlie was wrong, we were right: it took about a week.
And this time it's an entire fund. Moments ago, Bloomberg reported that Walleye Capital, the $17 billion multistrategy hedge fund run by CIO Will England, is returning a portion of its capital to investors and gutting its internal equities business after its worst month since March 2020 .
Walleye lost 5.9% in October, bringing its 2026 losses through last month to 6.8%, according to people familiar.