Breaking News

Argentina Didn't Reach an Agreement With Holdouts: Mediator
Tweet TWEET

Balyasny Hires Three Ex-SAC Money Managers for London Office

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.

The WSJ reported the Balyasny hires earlier today. Jonathan Gasthalter, a spokesman for the Stamford, Connecticut-based SAC at Sard Verbinnen & Co., declined to comment.

To contact the reporter on this story: Saijel Kishan in New York at skishan@bloomberg.net

To contact the editor responsible for this story: Christian Baumgaertel at cbaumgaertel@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.