[Amid US Stock Market Crash, Wall Street Firms Reportedly Shrinking Equity Teams; Walleye Officially Returns Some Capital] BlockBeats reports on November 6th that amidst today's sharp decline and correction in US stocks, reports have surfaced that some hedge funds are closing or streamlining their internal equity long/short teams and proactively reducing their assets under management. These actions are interpreted by the market as a signal that institutions are reducing positions and mitigating risk in an environment of heightened volatility. According to a client confirmation letter disclosed by Bloomberg, Walleye Capital, a multi-strategy hedge fund with $17 billion in assets under management, sent a letter to investors on Thursday stating that it will streamline its internal equity long/short business and plans to return some capital. Walleye Capital stated that it has assessed the optimal size for the fund and decided to proactively return some funds. This news was made public during US stock trading. Furthermore, market rumors suggest that Engineers Gate, a New York-based quantitative multi-strategy hedge fund founded by Glenn Dubin, is also closing its equity-related team, with assets under management reaching $23 billion.