Multi-strategy hedge funds including Millennium Management, Balyasny Asset Management, and Point72 Asset Management are recruiting staff at breakneck pace in Asia as market volatility prompts investors to look to firms that employ multiple strategies rather than single managers, according to a report by Bloomberg.
Multi-strategy hedge funds including Millennium Management, Balyasny Asset Management, and Point72 Asset Management are recruiting staff at breakneck pace in Asia as market volatility prompts investors to look to firms that employ multiple strategies rather than single managers, according to a report by Bloomberg
The report cites an unnamed source as saying that Izzy Englander’s $59 billion Millennium has doubled its Asia headcount over the past three years, more than 50 investing teams operating in the region. And the firm reportedly still has an additional 45 investing and operational position to fill in Asia-Pacific outside of India.
Balyasny meanwhile, now has more than 30 trading ‘pods’ in Asia, a three-times increase on late 2020, while Schonfeld Strategic Advisors added more than 30 investment-related personnel across Asia this year, and ExodusPoint Capital Management boosted Asian headcount to 75 people by the middle of this year, 45 of them on the investment side, said a person briefed on its expansion.
The report cites another unnamed source as saying that the number of regional employees at Steve Cohen’s Point72 has increased by 15% since the start of 2020 to 260 people, while Polymer Capital Management, which set up just three years ago, now has nearly 50 investment teams across across Asia.
