Key Takeaways
- • Balyasny Asset Management was down 2.7% after fees in the year to September and fell a further 3.4% before fees in October, according to eFinancialCareers.
- • Balyasny hired Risa Lederhandler from Goldman Sachs as its first COO for Europe, a seat on the firm's management committee.
- • Andrew Tsai, formerly of PDT Partners, joined as CEO of Balyasny's international business, based in London.
- • The firm added 157 investment staff globally and 371 people in total last year, per its most recently filed ADV form showing 192 London investment advisory staff and 60 and 61 in Hong Kong and Singapore.
- • Balyasny is understood to be bringing in Aleem Jivraj, former COO for global markets at Nomura, as Asia COO, with a start date the following week.
Summary
Balyasny Asset Management is building out management structure for its international business at a time of weak performance. According to eFinancialCareers, the hedge fund was down 2.7% after fees in the year to September and declined a further 3.4% before fees in October.
The firm's headcount growth has been substantial. Last year Balyasny added 157 investment staff globally and 371 people in total. Its most recently filed ADV form shows 192 London staff in investment advisory functions, along with 60 in Hong Kong and 61 in Singapore.
The new hires are aimed at providing governance as the firm expands abroad. Risa Lederhandler joined from Goldman Sachs as the first COO for Europe and will sit on the management committee. Bloomberg had reported her hiring in May, but eFinancialCareers reports she has only recently arrived. The fund also hired Andrew Tsai from PDT Partners as CEO of its international business, a newly created role also based in London. In Hong Kong, Balyasny is understood to be starting Aleem Jivraj, formerly COO for global markets at Nomura, as Asia COO the following week.
Balyasny declined to comment. eFinancialCareers suggests the appointments reflect the need for more structure as headcount rises and may also signal greater scrutiny of costs during a challenging year for the firm.
The firm's headcount growth has been substantial. Last year Balyasny added 157 investment staff globally and 371 people in total. Its most recently filed ADV form shows 192 London staff in investment advisory functions, along with 60 in Hong Kong and 61 in Singapore.
The new hires are aimed at providing governance as the firm expands abroad. Risa Lederhandler joined from Goldman Sachs as the first COO for Europe and will sit on the management committee. Bloomberg had reported her hiring in May, but eFinancialCareers reports she has only recently arrived. The fund also hired Andrew Tsai from PDT Partners as CEO of its international business, a newly created role also based in London. In Hong Kong, Balyasny is understood to be starting Aleem Jivraj, formerly COO for global markets at Nomura, as Asia COO the following week.
Balyasny declined to comment. eFinancialCareers suggests the appointments reflect the need for more structure as headcount rises and may also signal greater scrutiny of costs during a challenging year for the firm.
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