Key Takeaways
- • Balyasny Asset Management has appointed three senior executives to oversee its expanding international operations, according to a report by eFinancialCareers.
- • Andrew Tsai, formerly of PDT Partners, joins as chief executive of the firm's international business, a newly created London-based role.
- • Risa Lederhandler, a former Goldman Sachs partner, becomes the first chief operating officer for Europe and joins the management committee.
- • Aleem Jivraj, previously chief operating officer for global markets at Nomura, is understood to be taking up the Asia COO role based in Hong Kong in November.
- • The appointments come as the multistrategy fund recorded a 2.7% after-fee loss in the nine months to September and a further 3.4% pre-fee decline in October.
Summary
Balyasny Asset Management has appointed three senior executives to oversee its expanding international operations, strengthening its management structure after a period of significant recruitment and weak investment performance, according to eFinancialCareers.
The firm has hired Andrew Tsai from PDT Partners as chief executive of its international business, a newly created position based in London. Balyasny has also named former Goldman Sachs partner Risa Lederhandler as its first chief operating officer for Europe, with Lederhandler joining the firm's management committee. In Asia, Balyasny is understood to have recruited Aleem Jivraj, previously chief operating officer for global markets at Nomura, as its Asia COO. Jivraj is expected to take up the Hong Kong-based role in November.
The appointments follow substantial workforce expansion. According to the report, the firm added 371 employees in 2025, including 157 investment professionals. Its latest regulatory filings show 192 investment advisory staff in London, 60 in Hong Kong and 61 in Singapore.
The management changes come amid difficult trading conditions. The hedge fund recorded a 2.7% after-fee loss in the nine months to September and declined a further 3.4% before fees in October. The appointments are intended to strengthen operational oversight across the growing international platform, with the added management capacity potentially supporting greater scrutiny of costs and organisational efficiency.
The firm has hired Andrew Tsai from PDT Partners as chief executive of its international business, a newly created position based in London. Balyasny has also named former Goldman Sachs partner Risa Lederhandler as its first chief operating officer for Europe, with Lederhandler joining the firm's management committee. In Asia, Balyasny is understood to have recruited Aleem Jivraj, previously chief operating officer for global markets at Nomura, as its Asia COO. Jivraj is expected to take up the Hong Kong-based role in November.
The appointments follow substantial workforce expansion. According to the report, the firm added 371 employees in 2025, including 157 investment professionals. Its latest regulatory filings show 192 investment advisory staff in London, 60 in Hong Kong and 61 in Singapore.
The management changes come amid difficult trading conditions. The hedge fund recorded a 2.7% after-fee loss in the nine months to September and declined a further 3.4% before fees in October. The appointments are intended to strengthen operational oversight across the growing international platform, with the added management capacity potentially supporting greater scrutiny of costs and organisational efficiency.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.