Key Takeaways
- • Balyasny Asset Management has hired former Nebula Research and Development Chief Investment Officer Limin Yang, according to a report by eFinancialCareers.
- • Yang served as CIO at New York-based statistical arbitrage firm Nebula from August 2022 until September 2025, per his LinkedIn profile.
- • Balyasny declined to comment on the appointment, and the report did not disclose a role or compensation terms.
- • Nebula, founded in 2019 by Michael Graves, lost its seed investor Paloma Capital Partners after Graves' death in 2022, according to Business Insider.
Summary
Balyasny Asset Management has hired Limin Yang, the former Research and Development Chief Investment Officer at Nebula, according to a report by eFinancialCareers. Balyasny declined to comment on the appointment. The report did not specify Yang's title or responsibilities at the multistrategy hedge fund.
Yang served as CIO at Nebula, a New York-based statistical arbitrage firm, from August 2022 until September 2025, according to his LinkedIn profile. Before Nebula, he held senior quantitative investment roles at several financial institutions, including Managing Director in BlackRock's alternative asset management quantitative research team and Portfolio Manager at Laurion Capital Management. He also previously worked as a proprietary trader at Credit Suisse.
Nebula was founded in 2019 by Michael Graves, a former quantitative portfolio manager at Cubist Systematic Strategies, where he spent nine years before departing in 2018. Graves died in 2022, aged 49, reportedly following a heart attack while on holiday with his family. His wife subsequently took over running the firm. Following Graves' death, Paloma Capital Partners, which had provided seed capital to Nebula, withdrew its investment, according to a report by Business Insider.
Yang served as CIO at Nebula, a New York-based statistical arbitrage firm, from August 2022 until September 2025, according to his LinkedIn profile. Before Nebula, he held senior quantitative investment roles at several financial institutions, including Managing Director in BlackRock's alternative asset management quantitative research team and Portfolio Manager at Laurion Capital Management. He also previously worked as a proprietary trader at Credit Suisse.
Nebula was founded in 2019 by Michael Graves, a former quantitative portfolio manager at Cubist Systematic Strategies, where he spent nine years before departing in 2018. Graves died in 2022, aged 49, reportedly following a heart attack while on holiday with his family. His wife subsequently took over running the firm. Following Graves' death, Paloma Capital Partners, which had provided seed capital to Nebula, withdrew its investment, according to a report by Business Insider.
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