Hedge Fund Walleye Dismisses a Dozen Staff Including ECM Head

Hedge fund Walleye Capital has cut about a dozen jobs, including the role of head of equity capital markets, according to a person with knowledge of the matter.

The majority of the affected employees are members of the firm’s investment team and include senior portfolio manager Michael Martin, who oversees ECM, and portfolio managers Lawrence Hurvich and Jerry Siliverdes, who focused on special purpose acquisition companies, said the person, who asked not to identified discussing confidential information.

The total includes two people impacted by the closing of Walleye’s Houston office.

The departing employees represent less than 3% of ...