Balyasny Will Reopen Funds, Set To Gain From SAC's "Losses"

Balyasny Asset Management wants to have a record recruiting year this time around, which won't be too far ahead if S.A.C Capital Advisors continues to lose headcount. The hedge fund founded by Dmitry Balyasny runs a strategy similar to Steve Cohen's troubled firm that has seen everything from criminal allegations to layoffs in the past few months.

Hires from SAC Capital

Balyasny Asset Management currently has $3.3 billion under management and runs multiple portfolios that are independently managed. According to the quarterly letter seen by ValueWalk, the fund is looking for talent in several areas these...