Balyasny Asset Management, Millennium Management and Point72 Asset Management are among the hedge fund majors that have seen an increase in both AUM and headcount over the past year, according to a report by Pensions & Investments.
The report cites new Form ADV filings made with the Securities and Exchange Commission in late March in revealing the increase in staff compared with the previous year. Reporting regulations require firms to list all full- and part-time workers, excluding clerical staff.
Izzy Englander’s Millennium grew its headcount to 5,550 employees this year from 4,810 in last year’s filing. The firm has more than doubled its staff size since 2018, when it employed 2,443 people, according to an SEC filing.
Meanwhile, Steve Cohen’s Point72 added several hundred employees, growing to 2,872 employees from the 2,311 declared in its 2023 filings, while Ken Griffin’s Citadel saw headcount reach 2,932, up from 2,823 in the previous year.
Staff numbers also increased at Dmitry Balyasny’s eponymous hedge fund; DE Shaw Group’s alternatives arm; Schonfeld Strategic Advisors; and Verition Fund Management over the past year, with Balyasny growing to 1,857 staff from 1,651; DE Shaw to 879 from 759; Schonfeld to 952 from 856; and Verition almost doubling in size, from 279 employees to 624.
