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 allegationsto 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 days especially in Asia, Commodities and European Equities but also in macro, TMT and healthcare. It was previously reported in August, that BAM...