Key Takeaways
- • Balyasny Asset Management has opened a small Los Angeles office earlier in 2025, reported by eFinancialCareers, which says it is thought to house only a few teams.
- • Jake Koury, who previously spent four years at Balyasny in New York covering consumer stocks before leaving for Citadel's global equities group in 2020, is expected to run one of the LA teams.
- • Balyasny has hired Dave Brodsky from Citadel, who Citadel said had a $60m drawdown, on a pay package of up to $50m after he completes a 21-month non-compete.
- • Future growth in Los Angeles is not fixed and is thought to depend on business and talent needs.
Summary
Balyasny Asset Management is building out a small office in Los Angeles, according to eFinancialCareers. The office opened earlier in 2025 and is thought to house only a few teams, the publication reported. The firm's plans for the city are not set in stone, and future expansion is expected to depend on business and talent needs.
One of the LA teams will be run by Jake Koury. Koury previously spent four years at Balyasny in New York covering consumer stocks before leaving for Citadel in 2020 to join its global equities group. He was also based in Los Angeles during his Citadel tenure. eFinancialCareers reported last year, citing Intelligence, that his Citadel book was liquidated at a loss, though he was thought to have posted strong returns across his tenure there. The publication said it had not confirmed these details with Koury, who did not respond to a request for comment.
Balyasny has also recruited Dave Brodsky from Citadel. Citadel said Brodsky had a drawdown of $60m earlier this year. He is joining Balyasny on a pay package of up to $50m after serving a 21-month non-compete period.
The article notes that relocating from New York to Los Angeles has not always proven lasting for hedge fund offices. The Balyasny Los Angeles office was reported as a quiet opening, with the firm's Miami and other office footprints as context from the company's public locations listing.
One of the LA teams will be run by Jake Koury. Koury previously spent four years at Balyasny in New York covering consumer stocks before leaving for Citadel in 2020 to join its global equities group. He was also based in Los Angeles during his Citadel tenure. eFinancialCareers reported last year, citing Intelligence, that his Citadel book was liquidated at a loss, though he was thought to have posted strong returns across his tenure there. The publication said it had not confirmed these details with Koury, who did not respond to a request for comment.
Balyasny has also recruited Dave Brodsky from Citadel. Citadel said Brodsky had a drawdown of $60m earlier this year. He is joining Balyasny on a pay package of up to $50m after serving a 21-month non-compete period.
The article notes that relocating from New York to Los Angeles has not always proven lasting for hedge fund offices. The Balyasny Los Angeles office was reported as a quiet opening, with the firm's Miami and other office footprints as context from the company's public locations listing.
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