Hedge fund Balyasny revealed where its portfolio managers work and what they trade
Hedge fund Balyasny Asset Management (BAM) has been adding portfolio managers, hiring at least two senior traders in October alone. If you're thinking of joining, you might like to know where Balasny's portfolio managers (PMs) are based and what they do. Fortunately, this was included in a presentation to MIT students this September, the slides from which are below.
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Balyasny included two interesting slides in its MIT presentation. In one, dated May 1st, it said it had 170 PMs and 740 analysts, giving the firm a total investment headcount of 912. In another, dated August 1st, it said it had 176 PMs, and even disclosed which cities they worked in.
It's understood that both sets of figures are now outdated. However, things are unlikely to have changed that much. In the slide below, dated August 1st. BAM's largest office was New York, which housed 59 PMs. London, the second largest, had 30 PMs, while Singapore and Hong Kong had 11 and 10 PMs, respectively. Remaining PMs were located across 13 different cities, with each location housing at least two, except for its Aalborg office in Denmark.
Balyasny interestingly said it had more PMs in Miami than it did in Chicago, but its largest US office outside of New York was in Greenwich, Connecticut, which had 19 PMs. The fund also had seven PMs working from Dubai, despite plans to hire ten PMs in the city back in 2023.
Balyasny also disclosed which strategies its portfolio managers were working on. As of May 1st 2025, 44% of its total investment headcount were in its equities business, led by Dmitry Balyasny himself.
Balyasny's commodities team had the smallest PM to analyst ratio; just 13 of 151 investment staff in that division were PMs. Aside from equities, analysts tended to outnumber PMs roughly 3 to 1 in its other units. 19 portfolio managers across the three divisions were part of Anthem, the firm's 1-2 year program to turn analysts at the firm into PMs.
The hedge fund world moves very quickly, and that snapshot isn't necessarily representative of Balyasny today. For example, the fund recently added Wajih Ahmed, a star young trader from Goldman Sachs, as a PM in London. It also reportedly leased a new 10,464 square foot office in Stamford at the start of the year that it will presumably soon fill.
Update: As of February 2026, Balyasny has ~200 portfolio managers.
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