Walleye Capital scales up stock-picking unit amid executive turnover

The new hires are slated to join the New York-based firm in mid-2027, with Tanner focused on integrating artificial intelligence across volatility and fundamental stock-picking teams. Dev will spearhead talent acquisition and evaluate external investment opportunities, building on a momentum that has seen Walleye add 14 external managers in 2026 alone. This expansion effectively doubles the firm’s roster of external equity funds, with half of the division's market exposure now managed by outside partners.

Beyond external recruitment, the firm is deepening its internal bench. Three portfolio managers, including former Jain Global executive Mike Scheer, are joining before year-end, with five more scheduled to arrive once their non-compete agreements expire. These moves come as the firm navigates a challenging 2026; Walleye’s multistrategy fund is down 0.5% through the first three quarters, trailing the broader market and the 6% return posted by the PivotalPath multistrategy index. The firm aims to regain the competitive edge it demonstrated last year, when it outperformed industry giants like Millennium with a 15.5% gain.