 | |
| Company type | Private |
|---|---|
| Industry | Investment management |
| Founded | 2005 |
| Founders |
|
| Headquarters | New York City, U.S. |
Key people | Will England (CEO & CIO) |
| AUM | US$6.8 billion (September 2024) |
Number of employees | 350 (September 2024) |
| Website | walleyecapital |
| Footnotes /references [1] [2] | |
Walleye Capital (Walleye) is an American multi-strategy hedge fund management firm headquartered in New York with additional offices outside the US in London and Dubai.
In 2005, Walleye was originally set up as an options market making firm in Minnesota by Irving Kessler, Peter Goddard, and three others. [3] [4] [5] Prior to this Kessler who was an experienced floor trader had founded Deephaven Capital Management. [3] [4]
The founders of Walleye intended for it to perform electronic trading that used data and fast computers to earn profits for its clients. [3] [6] Goddard oversaw the development of a system called Deephaven that enabled Walleye analysts to query large amounts of fast-moving data in real time which gave its clients competitive advantage. [6]
According to Walleye's own disclosures, as a trading firm it has been fined multiple time for breach of regulatory rules. [2]
In 2016, Goddard spun out Deephaven Data Labs as its own company to use the Deephaven system to solve data challenges in other ways. [6]
In 2017, Walleye started accepting outside capital and restructured to become a hedge fund. Walleye changed its strategy with aims to shed its Midwestern and become the best midsize multi-strategy platform. It limited capital managed so it could put more of its risk into its volatility and quant strategies. [7] [5] [7]
In 2023, Walleye launched Dockside Platforms which connects investors to smaller Money Managers that charge lower fees and offer more liquidity and transparency. This was considered a method provide more options and chip away at the bargaining power that larger hedge funds held such as Citadel LLC, Millennium Management, LLC and Point72 Asset Management. [8]
In March 2024, Walleye laid off 12 employees (4% of employees) as part of its restructuring process. [5] In August 2024, Walleye laid off a further 12 employees and closed its office in Houston. [9]
A hedge fund is a pooled investment fund that holds liquid assets and that makes use of complex trading and risk management techniques to improve investment performance and insulate returns from market risk. Among these portfolio techniques are short selling and the use of leverage and derivative instruments. In the United States, financial regulations require that hedge funds be marketed only to institutional investors and high-net-worth individuals.
Man Group plc is an active investment management business listed on the London Stock Exchange. It provides investment funds in liquid and private markets for institutional and private investors. It is the world's largest publicly traded hedge fund company, reporting $178.2 billion in funds under management as of July 2024. The firm is headquartered at Riverbank House in London and employs over 1,800 people in various locations. The company was a sponsor of the Man Booker Prize from 2002 to 2019.
Citadel LLC is an American multinational hedge fund and financial services company. Founded in 1990 by Ken Griffin, it has more than $63 billion in assets under management as of June 2024. The company has over 2,800 employees, with corporate headquarters in Miami, Florida, and offices throughout North America, Asia, and Europe. Founder, CEO and Co-CIO Griffin owns approximately 85% of the firm. As of December 2022, Citadel is one of the most profitable hedge funds in the world, posting $74 billion in net gains since its inception in 1990, making it the most successful hedge fund in history, according to CNBC.
An alternative investment, also known as an alternative asset or alternative investment fund (AIF), is an investment in any asset class excluding capital stocks, bonds, and cash.
Pacific Alternative Asset Management Company, more commonly known as PAAMCO, is an institutional investment firm focused on hedge funds headquartered in Newport Beach, California with an office in London. Their clients include large public as well as private pension plans, financial institutions, endowments and foundations.
Sculptor Capital Management is an American global diversified alternative asset management firm. They are one of the largest institutional alternative asset managers in the world.
Harbinger Capital Partners is a private hedge fund based in New York City, New York, founded by Philip Falcone. Harbinger is a highly diversified multi-strategy hedge fund. Notable investments have included sub-prime mortgages in the United States and the United Kingdom, such as HBOS, and LightSquared, a wireless communications company that filed bankruptcy in 2012.
Deephaven Capital Management, LLC was a subsidiary of Knight Capital Group that managed various hedge funds. The company was later shutdown due to poor performance blamed on prevailing macro-economic environment.
Highbridge Capital Management, LLC is a multi-strategy alternative investment management firm founded by Glenn Dubin and Henry Swieca in 1992. In 2004, it was purchased by JPMorgan Chase; as of 2019, it had about $3.9 billion in assets under management, out of $150 billion in JPMorgan's global alternatives division.
Gramercy Funds Management is an investment manager dedicated to emerging markets. The company’s strategies include multi-asset, private credit, public credit, and special situations.
Lone Pine Capital is an American-based hedge fund and investment advisor headquartered in Greenwich, Connecticut. The firm has offices in London, New York City, and San Francisco.
Bracebridge Capital is a hedge fund based in Boston, Massachusetts. It was co-founded by Nancy Zimmerman and Gabriel Sunshine. It manages funds from the endowments of Yale University and Princeton University. It also made $1.5 billion from the Argentine debt restructuring. As of February 2016, it had $10.3 billion of assets under management, making it the largest hedge fund managed by a woman in the world. Sunshine owns a 5% stake in Bracebridge as of 2017.
WorldQuant, LLC is an international hedge fund and quantitative investment management firm headquartered in Old Greenwich, Connecticut. Founded in 2007, the firm is currently managing approximately $9 billion in assets under management for Millennium Management via quantitative trading and other methods of quantitative investing. WorldQuant operated the WorldQuant Challenge, where participants compete in the field of quantitative finance, and WorldQuant Accelerator, an independent portfolio manager platform. In 2015 the WorldQuant Foundation launched WorldQuant University.
Geode Capital Management, LLC (Geode) is an American investment management firm based in Boston, Massachusetts.
Tiger Global Management, LLC is an American investment firm founded by Chase Coleman III, a former Tiger Management employee under Julian Robertson, in March 2001. It mainly focuses on internet, software, consumer, and financial technology companies.
Axa Investment Managers is a global investment management firm. It operates as the investment arm for Axa, a global insurance and reinsurance company.
LMR Partners (LMR) is a British multi-strategy investment firm. It has a focus on global macro and event-driven investment strategies and makes use of both systematic and discretionary trading strategies.
Pinpoint Asset Management, is a Chinese hedge fund management firm headquartered in Hong Kong with its other main office based in Shanghai. It is one of the earliest hedge funds established in Mainland China.
Jain Global is an American investment management firm headquartered in New York City with additional offices in Europe and Asia–Pacific.
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