Key Takeaways
- • Balyasny Asset Management has hired Andrew Tsai from PDT Partners as chief executive of its newly created London-based international business, according to a report by eFinancialCareers.
- • Risa Lederhandler, a former Goldman Sachs partner, joins as the firm's first chief operating officer for Europe and enters its management committee.
- • Aleem Jivraj, previously chief operating officer for global markets at Nomura, is understood to be taking up the Asia COO role in Hong Kong in November.
- • Balyasny added 371 employees in 2025, including 157 investment professionals, and its filings show 192 investment advisory staff in London, 60 in Hong Kong and 61 in Singapore.
- • The hires come as the multistrategy fund posted a 2.7% after-fee loss in the nine months to September and a further 3.4% pre-fee decline in October.
Summary
Balyasny Asset Management has appointed three senior executives to oversee its expanding international operations, according to a report by eFinancialCareers. The multistrategy hedge fund is strengthening its management structure following a period of significant recruitment and weak investment performance.
Andrew Tsai joins from PDT Partners as chief executive of the firm's international business, a newly created position based in London. Balyasny has also named former Goldman Sachs partner Risa Lederhandler as its first chief operating officer for Europe, with Lederhandler joining the firm's management committee.
In Asia, Balyasny is understood to have recruited Aleem Jivraj, previously chief operating officer for global markets at Nomura, as its new Asia COO. Jivraj is expected to take up the Hong Kong-based role in November.
The appointments follow substantial workforce expansion. Balyasny added 371 employees in 2025, including 157 investment professionals. The firm's latest regulatory filings show 192 investment advisory staff in London, 60 in Hong Kong and 61 in Singapore.
The management changes come amid difficult trading conditions. The fund recorded a 2.7% after-fee loss in the nine months to September and declined a further 3.4% before fees in October. The appointments are intended to strengthen operational oversight across the growing international platform, with additional management capacity potentially supporting greater scrutiny of costs and organisational efficiency.
Andrew Tsai joins from PDT Partners as chief executive of the firm's international business, a newly created position based in London. Balyasny has also named former Goldman Sachs partner Risa Lederhandler as its first chief operating officer for Europe, with Lederhandler joining the firm's management committee.
In Asia, Balyasny is understood to have recruited Aleem Jivraj, previously chief operating officer for global markets at Nomura, as its new Asia COO. Jivraj is expected to take up the Hong Kong-based role in November.
The appointments follow substantial workforce expansion. Balyasny added 371 employees in 2025, including 157 investment professionals. The firm's latest regulatory filings show 192 investment advisory staff in London, 60 in Hong Kong and 61 in Singapore.
The management changes come amid difficult trading conditions. The fund recorded a 2.7% after-fee loss in the nine months to September and declined a further 3.4% before fees in October. The appointments are intended to strengthen operational oversight across the growing international platform, with additional management capacity potentially supporting greater scrutiny of costs and organisational efficiency.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.