Balyasny Asset Management has recruited Johnny Kang, a former Managing Director at Citadel, as a portfolio manager in its Greenwich, Connecticut office, marking another high-profile talent move between the two multi-strategy hedge funds, according top a report by eFinancial Careers.
Kang, who previously served as head of research for Citadel’s convertible arbitrage team, spent four years at the firm’s New York office. Before that, he was a Managing Director in systematic fixed income at BlackRock and spent over seven years as a portfolio manager at AQR Capital Management before taking a break to pursue a PhD at Harvard.
Following Kang’s departure, Citadel reallocated his responsibilities internally and will not seek a direct replacement.
