Walleye Capital has joined a growing cohort of elite multi-strategy hedge funds shutting their doors to new investor capital, as the $8bn firm seeks to maintain performance and absorb recent growth, according to a report by Bloomberg.
The report cites the New York-based firm as revealing in a recent letter to investors that it will no longer accept new money, citing the need to let its strategies “settle at their new size” following a capital raise earlier this year.
The move aligns Walleye with industry giants including Citadel, Millennium Management, Point72 and DE Shaw, all of which have periodically limited inflows — not due to capital scarcity, but because of talent constraints and a focus on preserving returns in increasingly competitive markets. Some funds have even returned capital to investors to keep AUM in check.
Walleye’s flagship Opportunities Fund has returned 7.9% in the first half of 2025, following a 17% gain in 2024.
As part of its ongoing evolution, Walleye also announced that Jared Hade, a 20-year veteran of Balyasny Asset Management, will join the firm in September as Chief Financial Officer. Hade had previously accepted a similar role at Point72 but will now be tasked with driving strategic initiatives and scaling operations at Walleye instead.
This leadership addition follows Walleye’s recent exit from credit and commodities trading earlier this year, as the firm sharpened its focus on volatility trading, quantitative strategies, and fundamental long/short equity.
