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In 2018, Schonfeld Strategic Advisors filed a lawsuit against its former head of human capital and ExodusPoint Capital Management, seeking to bar them from using confidential information to solicit and hire its employees. Talent has previous become a flashpoint for dispute among hedge funds. Citadel’s Surveyor Capital hedge fund unit hired Sachin Kewalramani, the former Asia head at Balyasny, earlier this year.
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Steven Goldberg, who joined Balyasny in January 2021 as its global head of macro, was most recently a senior portfolio manager and partner for Citadel’s Global Fixed Income business, according to Balyasny’s website. Multi-strategy investment firms such as Balyasny and Citadel rely on dozens of teams of traders to bet across asset classes and regularly hire to expand into new areas or strengthen expertise.īoth the firms previously hired from each other regularly. The move cuts Balyasny off from a fertile hunting ground for traders at a time when hedge funds’ talent war has reached feverish heights. Representatives for Balyasny and Citadel declined to comment. The ban extends to anyone who works there or supports the business, as well as those that worked for the unit after May 15 but have since left.īalyasny agreed to the terms of the settlement, which included not hiring some staff, or former staff, from the Citadel unit for a limited period of time, the people said. The investment firm told headhunters earlier this month not to recommend potential staff from the Citadel unit, according to a memo seen by Bloomberg.