Walleye Capital Plans Capital Return as It Streamlines Equity Business

With $17 billion in assets under management, Walleye Capital plans to return some capital and streamline its in-house equity long-short business after assessing its optimal size.

The multistrategy hedge fund told investors Thursday that it would narrow the internal equity operation. The planned capital return follows the fund’s review of the size it considers optimal.

The announcement came during a U.S. stock-market selloff. The plan centers on Walleye’s equity long-short business.