Hedge Fund Balyasny Bans Hiring From Griffin’s Citadel Unit
Per Bloomberg this morning. Any idea/color on why?
——————————————————————————————————————————————-
Trending Content - Hedge Fund Forum
Career Resources
Dimitry Balyasny wrote an email called "Adapt or Die" to his employees blaming them for the hedge fund's poor performance, which he said "sucked". Ken Griffin obtained this email and showed it to his employees as an example of bad corporate culture. So there's been beef between these two for a while.
This is a complete guess: maybe they just did hire someone from Citadel and that person had signed a non-solicitation agreement with Citadel. If that were the case and they don't want to violate that previous agreement, then they would have to at least temporarily change their hiring practices.
This is pretty much close to the truth for anyone who has worked in MM world. The more direct you make the poaching from one another the more trouble gonna find.
This only applies to the credit business. Equity pods will continue to poach.
Bump
Tempora modi qui quisquam asperiores blanditiis. Minus qui et sit sunt ut. Ut animi ut perspiciatis nulla a earum in.
Itaque qui delectus rerum nemo. Omnis et laborum enim natus labore. Quam qui omnis accusantium atque et ipsa. Impedit incidunt quidem vero vero quisquam minus. Qui sunt aut perspiciatis illo minus qui. Sint aperiam in deleniti autem voluptatibus inventore assumenda.
Quos consectetur excepturi est ab et cumque. Illo totam ad impedit dignissimos. Ut quo dolores eum expedita ipsum rem commodi. Et minus incidunt eum sunt repellat minus autem. Adipisci doloribus repellendus rerum. Modi delectus dolorem ducimus ea aut unde eligendi autem. Laudantium consequatur laboriosam excepturi est placeat eum quo.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...