|
Balyasny goes on new hiring spree with $200 million in payouts
Dmitry Balyasny is on an expensive hiring spree to fix his hedge fund’s equities trading business. The billionaire’s Balyasny Asset Management is spending more than $200 million in payouts to recruit senior money managers who previously worked for rivals such as Ken Griffin, Steve Cohen and Izzy Englander, according to people with knowledge of the matter.
Vista winds down hedge fund, citing dominance of private markets
Vista Equity Partners has told investors it’s winding down its hedge fund amid a “structural shift” in markets toward private assets. The buyout firm is sunsetting Vista Public Strategies Fund LP and feeder funds Vista Public Strategies Onshore Fund LP and Vista Public Strategies Offshore Ltd, and returning capital to shareholders, according to a letter to investors reviewed by Bloomberg News.
ExodusPoint co-founder steps down as equities head to be adviser
ExodusPoint Capital Management co-founder Hyung Lee stepped down as head of equities and is now an adviser to the firm, according to people familiar with the matter. In the advisory role, Lee will keep his 50% ownership stake in the firm, which oversees $12 billion of assets. Gelband, now overseeing both fixed income and equities, has become CIO. He’s also CEO.
Citadel appoints new global fixed income and macro trader
Citadel has appointed Oscar Bird as a new global fixed income and macro trader, based in London. Bird joins the firm from JB Drax Honore, where he served as a relative value sales and execution trader.
BNP Paribas VP joins Morgan Stanley as trader
Morgan Stanley has appointed Faousi Batouche as equity derivatives trader, based in New York. Batouche joins from BNP Paribas, having most recently served as a vice president, focused on equity derivatives structuring.
Buy-side outsourced trading adoption on the rise
Outsourced trading is on the rise for the buy side as managers look for more liquidity, research and market intelligence, according to recent research from Coalition Greenwich. In a study of 103 buy-side equity traders worldwide, 10% had paid trading commissions to outsourced trading platforms over the past year. The majority (7%) reported spending up to US$3 million on the service, with the remainder paying more.
| 
