Matt Doherty

Twelve staff exit Walleye including Head of ECM New York-headquartered multi-strategy hedge fund firm Walleye Capital has cut about a dozen positions mainly in its investment team, including Senior Portfolio Manager Michael Martin, who served as Head of Equity Capital Markets, according to a report by Bloomberg. The report cites unnamed sources familiar with the matter as revealing that portfolio managers Lawrence M Hurvich and Jerry Siliverdes who focused on special purpose acquisition companies, have also left the business. Additionally, the closure of Walleye’s Houston office affected two more employees. The departing employees, including two staff impacted by the closure of the firm’s Houston office, represent less than 3% of Walleye’s risk exposure, and the firm considers their related strategies as largely nonessential. However, the firm is planning to appoint a new Head of ECM in due course. In a letter, CEO and CIO Will England wrote: “Given the turnover which Walleye has proactively and positively undertaken over the past 12 months, we are clearly very focused on selection. We are unapologetically pursuing the best individuals we can find to fill the seats in our boat, keeping in mind that the number of seats is fixed.” The multi-strategy Walleye Opportunities Fund, which accounts for around $4.6bn of the firm’s total $6.7bn assets, has a projected net gain of 7.3% to 7.7% for the first seven months of the year, according to preliminary returns seen by Bloomberg. The firm has temporarily paused accepting new commitments for the fund until at least the end of this year. #hedgefund #multistrat #jobcuts

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Manual reporting processes are a drain on your business. The time and effort they take could be better spent elsewhere. That's why a private equity firm with approximately $350 billion AUM turned to CFGI to automate its quarterly fund performance reporting. Learn how this business radically reshaped its reporting, and how you can do the same: https://bit.ly/3ZnFtZF #CFGI #PEfirms #PrivateEquity #PerformanceReporting #FundPerformance

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If you think portfolio risk management is just about diversification, think again. This article sheds light on some surprising strategies that challenge common perceptions. Here are some thought-provoking takeaways: - Did you know that reducing the number of investments in a portfolio can sometimes actually decrease risks? It's all about strategic selection. - Contrary to popular belief, actively managing risk doesn't necessarily mean more frequent trading. In fact, a hands-off approach can be a smart move. - One of the key points discussed is the importance of understanding the correlation between investments, a factor often overlooked in risk management strategies. - Asymmetric risk and the role it plays in portfolio management is explored, offering a fresh perspective on balancing risk and return. - Ever considered tail risk hedging? This article dives into this lesser-known strategy that can enhance risk management effectiveness. Share your thoughts and feelings on these unconventional risk management strategies. https://lnkd.in/ecgSpH93

Now available - StepStone Private Markets (SPRIM) quarterly fund commentary! Since inception, SPRIM has generated an annualized net return of 23.11% and reached $2.8B in AUM.* The fund is focused on strategic portfolio construction, capitalizing on pricing dynamics and favoring resilient assets. Learn more about SPRIM's strategy and recent investments in the Q2 2024 Fund Commentary. https://bit.ly/3UPIQb7 *Inception date was Oct 1, 2020. AUM as of Jun 30, 2024. Past performance is no guarantee of future results.

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Now available - StepStone Private Venture and Growth Fund (SPRING) quarterly fund commentary! Since inception, SPRING has generated an annualized net return of 25.96% and reached $1.0B in AUM.* The fund is focused on strategic portfolio construction, leveraging an open architecture approach and capitalizing on pricing dynamics. Learn more about SPRING's strategy and recent investments in the Q3 2024 Fund Commentary. https://bit.ly/3WTvonm *Inception date was Nov 1, 2022. AUM as of Sep 30, 2024. Past performance is no guarantee of future results. The Fund should be considered a speculative investment that entails substantial risks, including complete loss. The Shares are illiquid and appropriate only as a long-term investment.

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In private equity, unclear communication regarding past financial performance and future projections can lead to investor skepticism, potentially derailing fundraising efforts. Implementing reporting frameworks and performance dashboards to pitch financial metrics transparently can help private equity firms make a more compelling case to prospective investors. Need help developing a clear, investor-ready financial profile? Consider a fundraising consultation with one of our seasoned advisors. #PrivateEquity #InvestorRelations #FinancialTransparency #FundraisingSuccess #PerformanceMetrics

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💡 Curious where consultants are steering private equity allocations this quarter? Dakota dives into Q3 2024 consultant led private equity allocations, offering a view of key trends and strategic shifts shaping the market. In this article, you’ll find: ⭐ Allocation trends to watch during the quarter ⭐ Consultant perspectives on favored investment categories ⭐ Market reactions to economic dynamics 👉 With private equity as a component in many portfolios, knowing where experts are focusing can help refine your own strategy. Read the full article here: https://lnkd.in/ewkUVuEr #PrivateEquity #InvestmentStrategy #ConsultantInsights #Q3Trends #Fundraising

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Sapling CEO and co-founder Rob Hong, CFA MFin discusses the important role valuation plays in sell-side M&A. Highlighting that valuation isn’t just about numbers; it’s also shaped by judgment and strategic thinking and understanding the nuances of valuation can significantly impact the success of a transaction. Reach out to [email protected] to learn how we can help with your valuation. #SaplingFinancialConsultants

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Separating bargains from busts: Five steps to evaluate private equity secondaries FS Investments' Daniel Wilk, CAIA and Madison Murphy outline the considerations investors should look out for when assessing secondaries, with an emphasis on analyzing the quality of the sponsor and underlying portfolio. #Secondaries #SecondaryMarket #AlternativeInvestments #PrivateMarkets #PrivateEquity #PE https://lnkd.in/gr_KWB7a

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Vista Equity Partners has announced a strategic collaboration with Evercore, focusing on the potential sale of Finastra's treasury and capital markets (TCM) business. #VistaEquity #Finastra #CapitalMarkets #MergersAndAcquisitions #StrategicPartnership #InvestmentOpportunities #FinancialSoftware #PrivateEquity #MarketTrends #TradeSolutions

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StepStone Private Wealth has launched the StepStone Private Credit Income Fund (CRDEX), an evergreen interval fund offering diversified private credit investments with daily purchases and quarterly redemptions. Read the full article on SQX Alts! #alternativeinvestments #fund #privatecredit

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Listen as Senior Portfolio Manager Daniel Mannix, CFA®, discusses ProVise's proactive approach to investment management and filtering out the noise to surface what’s most impactful for our clients’ long-term goals. Most recently, rising inflation and interest rates from mid-2021 on spurred a change in strategy. Listen to the full radio show here: https://lnkd.in/gVe8vRHY #Investing #InvestmentManagement

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The landscape of structured investments appears poised for growth, with total US issuance up 41% in Q1 2024 compared to Q1 2023, per Structured Products Intelligence | SPi. Read our latest blog post by Marc Premselaar, Senior Managing Director, Capital Markets, to uncover how CAIS is propelling the evolution of structured investments through our powerful combination of people, platform, and product. https://lnkd.in/g-U2P8Va #structuredinvestments #financialadvisors #wealthmanagement

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New Article: Forget Hedge Fund Strategy Labels – Here Are Three Groups that Matter: https://okt.to/M8Qfyx In our latest article, Toby Goodworth challenges traditional hedge fund strategy labels, claiming that they are not "particularly helpful" for investors seeking to build an "effective portfolio". #hedgefunds #diversification #onyourside

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1 Comment

Great article highlighting the realities of Private Credit. Over the next several years, ABF will overtake corporate lending as the core exposure in private credit portfolios. The risk-reward of the strategy is significantly more compelling with higher returns and better downside protection. https://lnkd.in/eEQMu7kC

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