Balyasny Asset Management isn’t stopping, not just yet. The expansionary hedge fund has just made its first 2018 hire from Citadel, it’s preferred hunting ground for the last couple of years.
The London office of the Chicago-based $12.1bn hedge fund has brought on board Xavier Martini, a portfolio manager at Citadel for the last six years. He specializes in macro and relative value funds, as well as G10 and bonds among other things, according to his LinkedIn profile.
Balyasny has doubled its UK headcount since 2016 and has been hiring from Citadel in both the UK and the U.S., In November 2017, the firm recruited Sebastiaan De Boe as a portfolio manager, who had spent the past four years as an analyst on Citadel’s equities team in London. Earlier last year, Amol Pai, a fixed-income trader at Citadel in New York, and Brian Ruddick, an equities analyst, joined the firm. Similarly, in 2016, Balyasny hired Mark Shalhoub, an industrials portfolio manager at Citadel in New York, and Ismet Yashar, a senior associate at Citadel's London office.
Balyasny was founded in 2001 by Dmitry Balyasny. It doubled its assets under management in 2016 to around $12.1bn, which spurred some big hiring globally. Throughout 2016, Balyasny increased its number of employees by 86%. In April 2017, the firm stated that it was taking an ‘Amazon’ approach in its build-out of staff, hiring portfolio managers and analysts across a diverse range of strategies to ensure that it’s not over-exposed to any one investment trend.
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