Balyasny Asset Management has added former Deutsche Bank bond trader Jamie Mansell to its macro team, as the $25bn multi-strategy hedge fund continues to ramp up hiring across its investment platform, according to a report by Bloomberg.
Mansell, who most recently served as co-head of European government bond (EGB) trading at Deutsche Bank, will join Balyasny later this year as an associate portfolio manager focused on macro strategies, according to people familiar with the matter.
A veteran of both Deutsche Bank and Morgan Stanley, Mansell is known for his expertise in leveraged bond basis trades — a popular arbitrage strategy that exploits small pricing inefficiencies between government bond futures and underlying cash bonds. Sources say he generated more than €200m in profits in recent years for Deutsche Bank, which has seen a resurgence in its fixed income business.
Mansell’s arrival comes amid a broader expansion at Balyasny, which has been aggressively building out its macro and fixed income capabilities, often offering top-tier talent performance-linked payouts of up to $50m. The firm returned around 1% in April during a period of heightened market volatility tied to geopolitical developments and US policy risks.
Deutsche Bank’s fixed income and currencies division posted a 17% revenue increase in Q1, driven by demand for European government bonds and strong US rates performance. Mansell had co-led the EGB desk alongside Bennit Shah, who remains at the bank.
Both Deutsche Bank and Balyasny declined to comment on the hire.
