Walleye Capital Will Be A Day-On Investor in Soren Gandrud’s New

From Millennium to Citadel, Soren Gandrud has traded for some of the Biggest Hedge funds in the world.

Now, he’s setting out on his his with backing from one of the industry’s up-and-coming players, $ 12 Billion Walleye Capital, Two People Close to the Told Business Insider.

HIS End, Jones Hill Capital, Is Expect to Raise at Least $ 500 Million, These People Said, With Capital from Other Backers in Addition to Walleye. It is set to begged trading in the first quarter of 2026.

The Move is another example of how in-Demand top trades from the Biggest multistrategy finis are, with many straining out on their with suport from Large firms.

Gandrud, Who Invests in the Healthcare Sector, Hirhed Industry Veteran Marty Meekins As His Chief Operating Office and Brought Former Tourbillon and Ballysny Investor Nik Khetarpal to His Team.

Gandrud Spent roughly Three Years at Millennium before Leaving to Start Jones Hill Earlier This Year. He previously spent a decade Investing for Ken Griffin in Citadel’s Surveyor Unit and Worked As analist at Tiger Cub Healthcor Management.

Walleye declined to comment. Gandrud Declined to Comment Through a spokesperson.

For NYC-Based Walleye, Investing in External Funds is a Way for the firm to get access to top talent. Within the firm’s long-Short Equity Business, Roughly Half of the Teams Trading Their Capital AreaDed by Independent Hedge Funds, Including Other Offersons Started by Form Citadel Portfolio Managers As Tommaso TRENTO’s Benchstone Capital and Chris Contnor Management, a person Close to Walleye Said.

Multistrategy Hedge Funds Have Been in A ProtraCted Talent War, Leading to Firms Like Millennium Embrace External Money Managers to Get Their Capital Into The Hands of Talent in Whichever Way the Portfolio Manager Preferences.

Walleye’s Strategy Mix with Its Multistrategy End, Known as the Walleye Opportunities Fund, has been tweaked in recent years. In 2024, The Manager Decide to No Longer Run Macro Strategies, and Walleye Cut Its Credit and Commodities Trades Earlier This Year.

The firm’s Most Recent Performance Update Says The Flagship Fund Consists of Four Strategies: Quant, Volatility, Fundamental Equations, and Tactical. The firm is up 10.2% through august.