 **JUST IN:** **Walleye Capital**, a **&#036;17B hedge fund**, appears caught in the **AI sell-off**, as a mysterious seller seeks to dump **&#036;500M** in data-center loans. The seller may have been exposed.

After its worst month since **March 2020**, **Walleye** announced an equity-business restructuring, parting with leadership and a substantial portion of portfolio managers. It also plans to return some investor capital.

Speculation links **Walleye** to the loan sale. If confirmed, this would warn that pain in the **AI trade** may be spreading from public equities into private credit.

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