Hedge Fund Movers

Balyasny taps Goldman Sachs Director for PM role

Balyasny Asset Management, the multi strategy hedge fund founded by Dmitry Balyasny, has hired Aditya Singh, a former Goldman Sachs director, as a macro portfolio manager, according to Financial News. Singh will join the firm's London office in November, bringing significant experience from his five years at Goldman Sachs and previous four years at Bank of America Merrill Lynch.

Balyasny, managing over $20 billion in assets, has been expanding its London team since early 2024. Earlier this year, the firm added James Watson, previously a portfolio manager at Brevan Howard and Millennium, as well as George Tyrrell, another former Goldman Sachs executive director, as portfolio managers.

Schonfeld’s Head of Cybersecurity exits after eight years

Marc Helfman, who served as Head of Cybersecurity at hedge fund Schonfeld for the past eight years, has left the firm, according to eFinancial Careers. While Schonfeld has declined to comment, it is believed Helfman resigned.

Helfman, based in Miami, joined Schonfeld in 2016, where he managed over 20 cybersecurity platforms and launched a cybersecurity internship program.

Despite recent challenges, including a failed partnership with Millennium, Schonfeld has been a top performer in 2024, achieving a 10.3% return in the first half of the year. The firm is also exploring innovative uses of AI, encouraging employees to engage with AI systems to enhance their roles.

Millennium quant joins Abu Dhabi Investment Authority

Naveed Malik, who spent nearly four years as Global Head of Systematic Data at Millennium in New York, has joined the Abu Dhabi Investment Authority (ADIA) as Global Head of Quantitative Research and Development, according to eFinancial Careers. Before his role at Millennium, Malik was Head of Data at Cubist Systematic Strategies, the quant division of Point72, for six years.

Two senior women exit Citadel Securities for hedge fund roles

Citadel Securities, the market-making firm founded by Ken Griffin, has seen two senior female executives leave for hedge fund roles, despite the firm’s strong 2024 performance, marked by an 81% revenue increase, according to eFinancial Careers.

Kelly Brennan, former Managing Director and head of ETF trading at Citadel Securities, has joined Balyasny as a senior portfolio manager. Meanwhile, Katja Hawkins, Citadel Securities' former EMEA COO, has taken up the same role at Qube Research & Technologies, a rapidly growing quant hedge fund, after being on gardening leave since November.

Brennan, who joined Citadel Securities in 2018, previously spent 12 years at Goldman Sachs and five years at Susquehanna as a trader. Hawkins, who joined in 2019, previously held leadership roles at Citadel's hedge fund arm and UBS. Citadel Securities has declined to comment on their departures.