81.54 F
July 19, 2024
PI Global Investments
Hedge Funds

Walleye Eliminates About 4% of Fund’s Staff in Restructuring

Hedge fund Walleye Capital is eliminating about a dozen employees, including the head of its global discretionary macro business, as it restructures operations, people familiar with the matter said.

Raj Sethi, the head of global macro and fixed income, is leaving, said the people, who asked not to be identified because they weren’t authorized to speak publicly. The 12 departures represent roughly 4% of the fund’s overall staff of about 340 employees, and the firm has hired about 60 people this year, one of the people said.

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