Balyasny Hires Three Ex-SAC Money Managers for London Office (1)
2013-12-27 20:36:43.528 GMT
(Updates with SAC transitioning to family office in fifth
paragraph.)
By Saijel Kishan
Dec. 27 (Bloomberg) -- Balyasny Asset Management LP, the $4
billion hedge fund-firm run by Dmitry Balyasny, hired three
money managers from SAC Capital Advisors LP as part of its
expansion in London.
Massimo Amati and Stanislas De Caumont, who are
macroeconomic traders, and Robert Harris, who focuses on stocks,
will join in January, according to Balyasny spokesman Colin
Lancaster. Balyasny executives have been meeting with SAC money
managers over the past three months, he said.
Balyasny, based in Chicago and New York, opened an office
in the U.K. capital in the past month and plans to have about 20
money managers at the location in 2014, up from three currently,
Lancaster said. The firm also hired Adam Sutton, a money manager
from London-based Eclectica Asset Management LLP, who will be
starting next month, Lancaster said.
SAC, run by Steven A. Cohen, said in October that it closed
its London office, and in November agreed to pay $1.8 billion to
settle charges by the U.S. government that it engaged in insider
trading. SAC money managers in London have since been offered
positions at hedge-fund firms including Louis Moore Bacon’s
Moore Capital Management LP and BlueCrest Capital Management
LLP.
SAC is transitioning to a family office and executives
expect the firm will start 2014 with about $9 billion in assets,
compared with $15 billion at the beginning of this year.
The Wall Street Journal reported the Balyasny hires earlier
today. Jonathan Gasthalter, a spokesman for the Stamford,
Connecticut-based SAC at Sard Verbinnen & Co., declined to
comment.
For Related News and Information:
Bacon’s Moore Said to Offer Roles to SAC Capital Money Managers
NSN MYBZ8T6TTDSA <GO>
SAC Retreats in London as U.S. Pushes for Tough Settlement Terms
NSN MV3H8Z6JIJVA <GO>
Top hedge-fund stories TNI HEDGE WWTOP <GO>
Hedge-fund news NI HEDGE BN <GO>
Bloomberg Active Indexes for Funds BAIF <GO>
--Editors: Sree Vidya Bhaktavatsalam, Josh Friedman
To contact the reporter on this story:
Saijel Kishan in New York at +1-212-617-6662 or
skishan@bloomberg.net
To contact the editor responsible for this story:
Christian Baumgaertel at +1-617-210-4624 or
cbaumgaertel@bloomberg.net
2013-12-27 20:36:43.528 GMT
(Updates with SAC transitioning to family office in fifth
paragraph.)
By Saijel Kishan
Dec. 27 (Bloomberg) -- Balyasny Asset Management LP, the $4
billion hedge fund-firm run by Dmitry Balyasny, hired three
money managers from SAC Capital Advisors LP as part of its
expansion in London.
Massimo Amati and Stanislas De Caumont, who are
macroeconomic traders, and Robert Harris, who focuses on stocks,
will join in January, according to Balyasny spokesman Colin
Lancaster. Balyasny executives have been meeting with SAC money
managers over the past three months, he said.
Balyasny, based in Chicago and New York, opened an office
in the U.K. capital in the past month and plans to have about 20
money managers at the location in 2014, up from three currently,
Lancaster said. The firm also hired Adam Sutton, a money manager
from London-based Eclectica Asset Management LLP, who will be
starting next month, Lancaster said.
SAC, run by Steven A. Cohen, said in October that it closed
its London office, and in November agreed to pay $1.8 billion to
settle charges by the U.S. government that it engaged in insider
trading. SAC money managers in London have since been offered
positions at hedge-fund firms including Louis Moore Bacon’s
Moore Capital Management LP and BlueCrest Capital Management
LLP.
SAC is transitioning to a family office and executives
expect the firm will start 2014 with about $9 billion in assets,
compared with $15 billion at the beginning of this year.
The Wall Street Journal reported the Balyasny hires earlier
today. Jonathan Gasthalter, a spokesman for the Stamford,
Connecticut-based SAC at Sard Verbinnen & Co., declined to
comment.
For Related News and Information:
Bacon’s Moore Said to Offer Roles to SAC Capital Money Managers
NSN MYBZ8T6TTDSA <GO>
SAC Retreats in London as U.S. Pushes for Tough Settlement Terms
NSN MV3H8Z6JIJVA <GO>
Top hedge-fund stories TNI HEDGE WWTOP <GO>
Hedge-fund news NI HEDGE BN <GO>
Bloomberg Active Indexes for Funds BAIF <GO>
--Editors: Sree Vidya Bhaktavatsalam, Josh Friedman
To contact the reporter on this story:
Saijel Kishan in New York at +1-212-617-6662 or
skishan@bloomberg.net
To contact the editor responsible for this story:
Christian Baumgaertel at +1-617-210-4624 or
cbaumgaertel@bloomberg.net