Our Approach
Our approach is rooted in an intellectually honest assessment of what role we play in this industry — constantly testing our assumptions of where we have edge and how we are adding value.
This approach helps us achieve our continued goal of building a best-in-class, mid-sized multi-strategy hedge fund – utilizing robust infrastructure, sophisticated technology, and skilled people to develop an investment business comprised of high-quality implementations of uncorrelated strategies trading across the globe and in multiple asset classes.
As opportunities inevitably evolve, so does our strategy. Our leadership seeks to build optionality through diversification. This ensures that our business can generate the alpha its investors expect regardless of the market environment.
We currently invest across four main strategy groups.
Volatility
KEY STRATEGIES
- Discretionary and Systematic Volatility Arbitrage
- Convertible Arbitrage
- Global Macro Volatility
- Index Options Market Making
- Interest Rate Volatility Trading and Market Making
- Single Name Options Market Making
- FX Volatility
- Dispersion Trading
- Credit Index Volatility Arbitrage
Walleye was initially formed to manage an electronic and floor-based options market making operation, making our Volatility group one of Walleye’s longest tenured and most successful businesses.
A handful of our volatility strategies have run since inception in our first fund and since scaled in size and capability. Today, our Volatility vertical includes an enhanced version of the market making operation on which the firm was predicated, with the addition of macro volatility arbitrage across the globe, FX volatility, convertible bond arbitrage, equity/index volatility arbitrage, dispersion trading, and interest rate market making and volatility trading.
Walleye is uniquely set up to support portfolio managers in our Volatility group and we continue to defend and maintain one of the best volatility seats globally. Walleye’s broker dealer allows for capital efficiency and increased execution speed for our volatility strategies. Our portfolio managers derive value from our history rooted in options market making, our experienced leadership team, and differentiated infrastructure and technology.
Fundamental Equities
KEY STRATEGIES
- Fundamental Equity Long/Short
- Equity Capital Markets
- Event
- Index Rebalancing
Walleye’s Fundamental Equities Business consists of market neutral, sector focused equity long short, global equity capital markets, and event strategies. Our strategies intend to be flexible across various investment processes while adhering to firmwide portfolio construction and risk management guardrails.
Our teams are led by experienced portfolio managers who have demonstrated success in generating strong risk adjusted returns spanning years-long track records. Walleye embraces small team dynamics in which portfolio managers and analysts work in tandem to develop competitive research approaches that yield strong results.
Our fundamental equities portfolio managers benefit from dedicated resources that provide meaningful insights for structural and behavioral improvement. We provide each team best-in-class technology and systems across PNL and factor attribution, alpha tools, portfolio construction analytics, and risk management.
Quant
KEY STRATEGIES
- Global Equity Stat Arb
- Futures Stat Arb
Quantic, our most prominent quantitative investment business, leverages Walleye’s robust technological and operational infrastructure to trade a wide range of systematic strategies across the globe and across asset classes, including equities, futures, and options. The Quantic team solves some of the firm’s most difficult investment challenges with cutting-edge technology and algorithms.
Our dedicated development team allows portfolio managers to plug directly into our modular platform, rather than build out from scratch. This innovative adaptability, paired with our best-of-all-worlds approach, has resulted in a continual stream of meaningful contributions to the success of the Quantic business and Walleye overall.
We specifically recruit highly inventive problem solvers who have a passion for creating, coding, and statistical modelling. Staffed by pragmatic self-starters, we actively encourage a culture of autonomy within a collaborative environment.
Tactical
KEY STRATEGIES
- Global Rates Relative Value
- Fundamental Credit
- Global Commodities
- Reinsurance
Walleye’s Tactical vertical encompasses strategies across global interest rates, commodities, FX, credit, and reinsurance. We are constantly evaluating new opportunities with the goal of building a portfolio of diversified trading strategies through hiring the best portfolio managers and investment professionals.
Our teams benefit from Walleye’s deep investment in proprietary technology and infrastructure with world-class quantitative modeling abilities and powerful database tools to integrate fundamental data across geographies.
We believe fostering collaboration between our fundamental and quantitative teams is key to driving innovation. Our teams are comprised of entrepreneurial, intellectually curious individuals who are passionate about the intersection of macroeconomics and financial markets.
Terms of Use
Persons who access the material made available by Walleye Capital, LLC ("WC") at its website ("Website") agree to the following terms:
Use of the Website
The entire content of this Website is subject to copyright with all rights reserved. You may not reproduce (in whole or in part), transmit (by electronic means or otherwise), modify, link to or use for any public or commercial purpose the Website or any of its contents without the prior written permission of WC. You may download contents of the Website for personal and non-commercial use, provided that you do not modify or alter such contents in any way, nor delete or change any copyright or trademark notice indicated on the Website. WC reserves and maintains complete title and full intellectual property rights for any contents downloaded from the Website, and no such title or intellectual property rights shall vest or be transferred in any way to you. All trademarks, logos, service marks, trade dress, slogans, copyrighted designs or other brand features of WC or its affiliated entities are owned by WC and may only be used pursuant to an explicit license agreement with WC.
Informational Only; No Offer of Securities
The Website is for informational purposes only and is not intended to be and should not be construed as an offer to sell, or the solicitation of an offer to buy, any interest in any entity or other investment vehicle. If such an investment opportunity should become available, a confidential private offering memorandum outlining such investment opportunity would be provided to you, and the information on the Website would be qualified in its entirety by reference to all of the information, including without limitation the risk factors, in the confidential private offering memorandum.
Certain Risks
Commodity futures and options trading involves substantial risk of loss and is not for everyone. An investment in any investment vehicle described, if made available, should be regarded as highly speculative in nature and could result in the loss of all of the capital invested. Investment in any investment vehicle described on the Website is intended only for experienced and sophisticated investors who could afford such a loss. The high degree of leverage that is often obtainable in futures and options trading can work against you as well as for you. The use of leverage can lead to large losses as well as gains. Past performance is not necessarily indicative of future results.
Disclaimer of All Warranties
THE SITE IS PROVIDED “AS IS” AND “AS AVAILABLE.” WC DISCLAIMS ALL REPRESENTATIONS AND WARRANTIES, EXPRESS OR IMPLIED, OF ANY KIND WITH RESPECT TO THE SITE INCLUDING WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT OF INTELLECTUAL PROPERTY AND OTHER PROPRIETARY RIGHTS. WITHOUT LIMITING THESE GENERAL DISCLAIMERS, WC DOES NOT WARRANT THE AVAILABILITY, ACCURACY, COMPLETENESS, TIMELINESS, FUNCTIONALITY, RELIABILITY, SEQUENCING OR SPEED OF DELIVERY OF THE SITE OR ANY PART OF THE CONTENT.
Limits of Liability
IN NO EVENT WILL WC OR ANY OF ITS AFFILIATES, SUBSIDIARIES, CONTENT PROVIDERS, PREDECESSORS, SUCCESSORS OR ASSIGNEES OR THEIR RESPECTIVE CONTROL PERSONS, AGENTS OR EMPLOYEES (“WC PARTIES”) BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, PUNITIVE OR CONSEQUENTIAL DAMAGES, HOWEVER CAUSED, ARISING OUT OF THIS TERMS OF USE, THE SITE OR ANY INABILITY TO ACCESS OR USE THE SITE. THE LIABILITY OF THE WC PARTIES IS LIMITED, EVEN IF ONE OR MORE OF SUCH PARTIES HAS BEEN ADVISED OF THE POSSIBILITY OF THE DAMAGES YOU SUFFER OR IF ANY REMEDY YOU HAVE FAILS OF ITS ESSENTIAL PURPOSE. THIS DISCLAIMER OF LIABILITY APPLIES TO ANY AND ALL DAMAGES OR INJURY, INCLUDING THOSE CAUSED BY ANY FAILURE OF PERFORMANCE, ERROR, OMISSION, INTERRUPTION, DELETION, DEFECT, DELAY IN OPERATION OR TRANSMISSION, COMPUTER VIRUS, COMMUNICATION LINE FAILURE, THEFT, DESTRUCTION OR UNAUTHORIZED ACCESS TO, ALTERATION OF OR USE OF ANY ASSET, WHETHER FOR BREACH OF CONTRACT, TORTIOUS BEHAVIOR, NEGLIGENCE OR UNDER ANY OTHER CAUSE OF ACTION.
Linked Websites
When you access certain links on the Website, you will leave the Website. WC is not responsible for any of the websites linked to the Website and does not endorse or accept any responsibility for the content of such websites nor the products, services or other items offered through such websites.
Information Collected; Privacy
WC does not collect information about you or your use of the Website through your use of the Website or use cookies on the Website. WC’s policy is to comply with the privacy legislation within each jurisdiction in which the WC operates.
Local Restrictions
The Website is not directed to any person in any jurisdiction where (by reason of that person’s nationality, residence or otherwise) the publication or availability of the Website is prohibited. Persons in respect of whom such prohibitions apply must not access the Website. By accessing any page of this website, you agree to be bound by the terms above and represent that you are free to access it without violating any law to which you may be subject. If you do not agree to the terms above, it is your responsibility to exit the Website.