Hedge Funds Unwind; Walleye Returns $2 Billion — SkimNews
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- Crowded hedge-fund trades are unwinding fast after an ugly October: funds are dumping positions and cutting staff as the selloff deepens, while the year’s most successful stock-market trades unravel.
- Walleye will return $2 billion to clients in a reset of its stocks trading.
Why it matters: Walleye will return $2 billion to clients as it resets stock trading, while hedge funds cut both positions and staff in the broader retreat. That leaves client cash and day-to-day fund operations directly affected, rather than limiting the adjustment to changes in trade positions.
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