Balyasny Asset Management has been hiring from Citadel, Point72 and J.P. Morgan
Few hedge funds are hiring as much as Balyasny Asset Management right now. The $12.1bn firm is looking to become the “Amazon of hedge funds” and has been poaching from its buy-side rivals and large investment banks across every hedge fund strategy there is.
One big hire to land recently is Amol Pai, who joined as a portfolio manager on its fixed income team in August, having spent the past five years as a trader at Citadel in New York.
Pai is the latest senior recruit in a hiring drive that has spanned multiple strategies and has stretched across both London and New York. In the U.S, it brought in Ulrich Brandt-Pollmann as head of systematic strategies from Credit Suisse and hired Stephen Brown as a portfolio manager from Pine River Capital Management earlier this month.
Steve Cohen's Point72 Asset Management has also proven to be a happy ground. Since hiring William Wappler, a managing director at Point72 who joined Balyasny as a managing director in 2015, a number of employees have moved across. In April, Balyasny hired Brian Cassese, a global macro analyst at Point 72 in Connecticut, as a global macro research analyst and trader, Shaoyi Li also joined as a quantitative researcher and Ernesto De Valle was hired as an analyst in May.
But while Balyasny’s recruitment in the U.S has stepped up, its London office has grown massively this year. Headcount has increased by 30% since the Brexit vote last year, and it’s still poaching junior and senior employees from large investment banks.
Most recently in the UK, it’s brought in Ivan Kalinin, a former associate at Citigroup who was latterly working as an investment analyst at Astellon Capital Partners and Daniel Do-Thoi, who was a financials equity analyst at J.P. Morgan.
Balyasny’s appeal is more than simply that fact that it’s growing. Its latest accounts for 2016 suggest that it spent £43.1m on its employees last year – or an average payment of £624k.
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