Dmitry Balyasny’s multi-strategy hedge fund firm Balyasny Asset Management, is investing over $200m to revamp its equities trading division with a series of high-profile hires from rival firms, according to a report by Bloomberg.
The firm is pulling top talent from competitors such as Point72, Citadel, and Millennium Management. Notably, Peter Goodwin from Point72 and Alberto Mann from Citadel are among the new recruits. Both have secured compensation packages exceeding $50m, according to sources familiar with the arrangements.
Additional hires include David Corwin and Jake Koury, former money managers at Citadel, and Dan Avery, a former equity arbitrage trader at Millennium Management. The new recruits will receive their compensation over several years, with parts of their payments linked to performance and subject to claw-back provisions.
