Balyasny reputation

Does BAM have a good reputation? I've read that they struggled a few years ago and had to reduce headcount. I've also noticed a lot of investment in quant recently and it seems like they're growing again. I have a quant background and always thought of BAM as a traditional LS equities shop so I'm not sure what to think of this recent expansion.

 

It’s just another MM. If you’re not as Citadel and maybe P72, they’re all the same. Just a platform for you to trade until you blow up.

 

Baly was against the ropes 4-5 years ago, but somehow Dmitry rejiggered things and the fund is back on track. AuM must've doubled since then, back in the low-teens $bn.

In my opinion, it's got one of the most attractive cultures of all the MMs: less cut-throat than Citadel, and more collaborative than MLP.

 
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This is all bs as far as I'm concerned. Baly is just as cut-throat as the other MM platforms. They are actually worse because they pretend that their culture is really friendly and open and then when shit hits the fan they fire everyone. Would rather a firm be upfront about it 

 

People always forget that they fired 25% of their staff a couple years ago. They act very nice and friendly and preach family culture but when sh*t hits the fan they churn and burn through traders just like every other platform. Would rather management be upfront about it than promoting a fake culture. 

 

Bump. Is a Baly offer still an instant accept? How are the exit opps to other firms? On Linkedin, only see about 20 or so people that moved from Baly to Citadel/MLP, so just want to make sure I'm not pigeonholing myself if I do.

 

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