Key Takeaways
- • Balyasny Asset Management hired Trung Nguyen, a portfolio manager from Brevan Howard, to its Singapore office as part of an aggressive Asia expansion strategy that has generated 82% revenue growth over the past two years.
- • Nguyen brings deep quantitative expertise across multiple institutions: 7.5 years at French quant fund Capital Fund Management (CFM) as a portfolio manager on directional strategies, 6 years as a quant researcher at Cubist (Point72's quant division), and 1.5 years at Brevan Howard.
- • Balyasny maintains approximately 130 investment staff across Asia with roughly 60 professionals in each of its Singapore and Hong Kong offices; as of August, the firm had 21 portfolio managers split evenly between these two cities, with only 3 PMs in Tokyo despite reported plans to triple Japanese office space.
- • The hire signals Balyasny's continued recruitment focus on established hedge fund talent to support regional growth, with the firm managing approximately $12 billion as of April 2026.
Summary
Balyasny Asset Management has recruited Trung Nguyen as a portfolio manager in Singapore, reinforcing the hedge fund's commitment to scaling its Asian operations amid robust regional performance. Nguyen announced the move via LinkedIn after spending the prior 18 months as a portfolio manager at Brevan Howard. The hire underscores Balyasny's strategy of attracting seasoned talent from peer institutions to support expansion in the region, where the firm has achieved 82% revenue growth over the preceding two years.
Nguyen brings substantial quantitative investment experience from multiple tier-one institutions. His career foundation was built over seven and a half years at Capital Fund Management (CFM), a Paris-based quant hedge fund where he worked as a portfolio manager on directional strategies following completion of his PhD from a Grande École institution. He subsequently spent nearly six years as a quant researcher at Cubist, the quantitative arm of Point72, before joining Brevan Howard in late 2024 or early 2025.
Balyasny's Asian footprint has expanded significantly. The Singapore office houses approximately 60 investment professionals and serves as the region's largest center, accommodating nearly half of the firm's ~130 Asian investment staff. As of August, Balyasny employed 21 portfolio managers split evenly across Singapore and Hong Kong, while its Tokyo operation remains modest with just three PMs, though the firm has plans to triple its Japanese office space according to reporting from January. This geographic diversification, combined with Nguyen's hire, reflects management's confidence in sustained Asia-Pacific demand and the competitive talent market across the region.
With approximately $12 billion in assets under management as of April 2026, Balyasny is actively building infrastructure and recruiting specialized investment talent to support growth. The Nguyen appointment exemplifies the firm's focus on acquiring proven portfolio managers capable of executing directional and quantitative strategies across Asian markets.
Nguyen brings substantial quantitative investment experience from multiple tier-one institutions. His career foundation was built over seven and a half years at Capital Fund Management (CFM), a Paris-based quant hedge fund where he worked as a portfolio manager on directional strategies following completion of his PhD from a Grande École institution. He subsequently spent nearly six years as a quant researcher at Cubist, the quantitative arm of Point72, before joining Brevan Howard in late 2024 or early 2025.
Balyasny's Asian footprint has expanded significantly. The Singapore office houses approximately 60 investment professionals and serves as the region's largest center, accommodating nearly half of the firm's ~130 Asian investment staff. As of August, Balyasny employed 21 portfolio managers split evenly across Singapore and Hong Kong, while its Tokyo operation remains modest with just three PMs, though the firm has plans to triple its Japanese office space according to reporting from January. This geographic diversification, combined with Nguyen's hire, reflects management's confidence in sustained Asia-Pacific demand and the competitive talent market across the region.
With approximately $12 billion in assets under management as of April 2026, Balyasny is actively building infrastructure and recruiting specialized investment talent to support growth. The Nguyen appointment exemplifies the firm's focus on acquiring proven portfolio managers capable of executing directional and quantitative strategies across Asian markets.
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