Balyasny Asset Management is at it again. The expansionary hedge fund, which has doubled its UK headcount over the past 12 months, just hired another portfolio manager from Citadel.
Sebastiaan De Boe, who spent the past four years as an analyst on Citadel’s equities team in London, just joined Balyasny as a portfolio manager. De Boe joined Citadel in 2013 from Blackstone, where he was an associate. He joined Blackstone following the completion of a Masters in Management at London Business School.
Citadel has been a happy hunting ground for Balyasny over the past 12 months, both in the UK and US. Amol Pai, a fixed income trader at Citadel in New York, joined in July, Brian Ruddick, an equities analyst, started in January. Meanwhile, late last year, Balyasny hired Mark Shalhoub, an industrials portfolio manager at Citadel in New York and Ismet Yashar, who joined as a portfolio manager in London last October.
While a number of hedge funds in London have been hiring selectively in particular strategies, Balyasny’s hiring has been both more aggressive and less predictable. It’s setting itself up as a kind of hedge fund supermarket – or the Amazon of the buy-side – and is hiring people across a variety of investment areas.
Balyasny, the $12.1bn hedge fund founded in 2001 by Dmitry Balyasny, has not only been expanding its UK operation, but has also emerged as one of the highest paying hedge funds in London. It paid an average of $824.8k last year, up from $670k in 2015.
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