Walleye Capital’s flagship Walleye Opportunities Fund (WOF) delivered a 14.7% net return in 2025, capping back-to-back strong years that have cemented the Minnesota-founded firm’s standing among the top tier of multi-strategy hedge funds. The fund now manages $10.77 billion in assets – up from roughly $5.8 billion in early 2024 – and is still closed to new investors, according to a investor tear sheet reviewed by Hedge Fund Alpha.
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Walleye joined a growing cohort of multi-strategy funds closing their doors to new capital, citing the need to let strategies “settle at their new size” following a significant capital raise. The move aligns it with Citadel, Millennium, Point72 and DE Shaw, all of which have periodically limited inflows.
WOF returned 17% in 2024 and 7.9% in the first half of 2025 ultimately landing at 14.7% for the full year – well ahead of the HFRI Fund Weighted Index benchmark at 12.5%. Since inception in September 2018, WOF has compounded at 13.0% annualized against the HFRI’s 7.3%, with lower volatility (6.4% vs. 6.9%) and a near-zero S&P 500 beta of 0.07.
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