Balyasny Asset Management is ramping up its equities capabilities with a new trading platform under Peter Goodwin, a former Point72 Asset Management portfolio manager and one of the firm’s highest-profile hires, according to a report by Bloomberg.
Goodwin has assembled a team of at least 13 senior investment professionals, drawn from rivals including Citadel, Millennium Management, Third Point, and Coatue, to run the new unit, Longaeva Partners.
The internal unit is expected to deploy up to $15bn in leveraged capital, making it a significant addition to Balyasny’s existing equities operations, alongside Corbets and the firm’s long-short equities team. Among the new hires, Oliver Sigalow will manage a $3bn financials-focused book.
Longaeva, named after a resilient, long-lived tree, reflects a strategic pivot by co-founder Dmitry Balyasny following the 2023 departure of former division chief Jeff Runnfeldt. Unlike the prior focus on junior traders, the firm is now aggressively targeting senior money managers in a hot market for top talent. Goodwin reportedly joined Balyasny on the prospect of more than $50m in potential compensation.
The approach mirrors other multi-strategy giants such as Citadel, which operates multiple equities platforms under different teams. Balyasny, which manages roughly $28bn, is positioning Longaeva to compete for scale and talent in global equity markets, reinforcing its multi-strategy growth ambitions.
