Balyasny Asset Management is adding to its equities platform with the launch of a new pod led by former Marshall Wace partner Steve Binetter, according to a report by eFinancialCareers. Binetter, who spent around a decade at Marshall Wace in New York, most recently ran the firm’s global industrials strategy before its closure earlier this year. He is now establishing a unit at Balyasny called Techne. Before joining Marshall Wace, Binetter worked in M&A at UBS and later spent seven years at long/short equity manager Eminence Capital. The move continues a run of senior hires at Balyasny. The firm brought in Ron Choy in April and Dave Brodsky in March, on packages of around $30m and $50m respectively. Both joined after experiencing drawdowns.
Blackstone multi-strategy fund reaches $276.9m in assets following new unit sales
Blackstone Multi-Strategy Hedge Fund has raised approximately $106.5m through the sale of unregistered limited partnership units, bringing…
More
CalPERS considers hedge fund return 12 years after high-profile exit
The California Public Employees’ Retirement System (CalPERS) is exploring a potential return to hedge fund investing through separately…
More
Hedge fund hiring slows as multistrategy firms expand external allocations
Hiring growth at major multistrategy hedge funds has slowed as firms increasingly allocate capital to external portfolio managers through…
More