Balyasny loses one of its top quants as the manager gets its footing after a disappointing 2018
Lucy Nicholson/Reuters
Balyasny has replenished its portfolio manager ranks after firing a fifth of staff at the end of a disappointing 2018. It's hired 10 new money managers since the beginning of the year, but has also lost Justin Dodd, one of its top risk-takers, to Citadel. Balyasny and Man Group declined to comment. A source familiar with Balyasny's thinking said the equity strategy Chambers co-ran will continue despite his departure.
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