Balyasny strengthens international leadership with senior hires in London and Hong Kong
Balyasny Asset Management has appointed three senior executives to oversee its expanding international operations, as the multistrategy hedge fund strengthens its management structure following a period of significant recruitment and challenging investment performance, according to a report by eFinancialCareers. The firm has hired Andrew Tsai from PDT Partners as chief executive of its…
Balyasny Asset Management has bolstered its international leadership team with key hires in London and Hong Kong, as the hedge fund expands its global operations amidst a tough trading environment. The firm has named Andrew Tsai, formerly of PDT Partners, as the new chief executive of its international business, a position based in London.
Additionally, Balyasny has appointed Risa Lederhandler, a former Goldman Sachs partner, as its first chief operating officer for Europe, with the role joining the management committee. In Asia, the firm has recruited Aleem Jivraj, a former chief operating officer for global markets at Nomura, to become its new Asia COO, with Jivraj expected to assume the Hong Kong-based position in November.
These strategic appointments come as Balyasny continues to expand its workforce, adding 371 employees in 2025, including 157 investment professionals. The firm's global operations now include 192 investment advisory staff in London, 60 in Hong Kong, and 61 in Singapore. The management changes signal Balyasny's efforts to enhance operational oversight and efficiency as it navigates challenging investment conditions, with recent after-fee losses and declining performance before fees over the past two quarters.
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