Walleye - Latest Thoughts
Does anyone have recent insights into Walleye? Obviously there were lots of organizational changes in 2023-2024, but performance has been strong since and AUM has grown meaningfully while headcount has remained relatively stable.
Yes, recently good performance, but seems like a place that cares even less about their employees than the average MM. (High turnover, limited/no re-podding efforts, no training, relatively low base comp, etc.)
Funny for a firm that preaches about their Minnesota culture
Big red flag when any firm preaches about their better “culture.” It’s usually a great sign that the culture is ass
Extra bonus red flags if they use the term "family"
I guess the learing curve is steep at the firm.
Bump. Awful year they are down 7% according to BI. Anyone have info from the front line? Are the redemptions hitting?
the whole L/S biz is gone as of this am
Is it gone or just wind down...? “We have evaluated the optimal size of the fund and plan to return a portion of our capital,” the letter said.
Wonder how much of the problem has stemmed from the unhealthy obsession of the CEO with AI.
PR about internal AI use & YTD performance seems to be inversely correlated across MMHFs this year
Contagion spreading to another platforms? BAM / Verition have been pretty mid this year, any risk for them?
Verition supposedly lost some pods
No way. Actually gone??? All the big pm hires that hadn’t even started?
New hires are still starting, but probably have no resources or leash
Not sure if real, but it's what's circulating. Sounds like internally run L/S is donezo.
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