Hedge Funds: Ackman’s IPO Goal Implodes From $25 Billion to Zero

Welcome to the Hedge Funds Brief, your weekly read on the industry, including fund launches, personnel moves and performance tables.

Headlines

Walleye Capital cut about a dozen jobs, including the role of head of equity capital markets.

Systematic funds offloaded more than $130 billion of global stock bets in recent weeks. Now these rules-based players threaten to take their selling to a whole new level as volatility spikes.

Bill Ackman’s main hedge fund erased most of its 2024 gains in the last half of July, another blow to the billionaire who pulled his IPO for a US-traded closed-end fund because ...