Latest news with #WalleyeCapital
Bloomberg
4 days ago
- Business
- Bloomberg
Walleye, Former Trader Spar Over Hedge Fund's Non-Compete Terms
Walleye Capital is feuding with a former top trader over his ability to form a new venture after he left the hedge fund earlier this year. Geoff Tennican joined Walleye about 12 years ago and oversaw its volatility arbitrage business — a strategy linked to swings in asset prices — until his departure, according to his lawsuit in a California state court. Between 2020 and 2024, he estimates that his part of the business earned more than $500 million for Walleye, with profits exceeding $200 million in 2022 alone, making him one of its biggest earners.
Bloomberg
12-05-2025
- Business
- Bloomberg
Walleye Cuts Credit, Commodities Teams to Focus on Core Groups
Walleye Capital dismissed its credit and commodities teams, eliminating those strategies as the hedge fund focuses on volatility, quantitative and fundamental long-short investing. The multistrategy hedge fund cut Ed Lee, along with his six-person long-short credit team, and a commodities duo of Thomas Capoccia and Allen Chan, according to a person familiar with the matter, who asked not to be identified because the dismissals aren't public.
