Balyasny Asset Management is set to push on with its recent recruitment drive in 2023 as the multi-strategy hedge fund continues to diversify its investment activities, according to a report by eFinancial Careers.
Balyasny Asset Management (BAM) is set to push on with its recent recruitment drive in 2023 as the multi-strategy hedge fund continues to diversify its investment activities, according to a report by eFinancial Careers.
BAM launched in 2001 with a focus on fundamental investing and long-short equities trading, but at an investor day held in December, the firm revealed that almost half of its $17 billion in assets under management is now spread across other strategies, including early stage investing, commodities, commodities and macro.
Macro was the firm’s top performing strategy in 2022, and according to eFinancial Careers BAM made at least 50 macro hires last year, including Jon Sun, the former New York head of linear rates trading at Bank of America, who joined in November.
BAM has also been building-out its commodities team, adding Dan Deighton, Goldman Sachs’ former global head of commodity index and agricultural products trading in September.
eFinancial Careers says BAM plans to boost its systematic equities and commodities operations this year, as well as further expanding the data and technology teams that saw road growth in 2022. Recruits since the New Year include: Thomas Ober, a senior quant from Bank of America; Vedat Zeren, an FX derivatives trader who spent nearly a decade at Citi; and David Gibson and Tseno Tselkov, two quants who come from their own firm, Symbiosis Capital.
