New York-headquartered multi-strategy hedge fund firm Walleye Capital is to close its Houston office, with Jim Rowe, Senior Portfolio Manager and Managing Director, also leaving the business, according to a report by Bloomberg.
Rowe, who focuses on energy trading and was previously employed by oil major Chevron Corporation, joined Walleye just 18 months ago last March, according to his LinkedIn profile.
The report cites a person familiar with the matter in confirming that Walleye, which axed about a dozen employees earlier this year as it pulled back from discretionary macro to grow its better-performing systematic business, is still trading in fundamental and discretionary commodities.
