Hedge Fund Balyasny Bans Hiring From Ken Griffin’s Citadel Unit
- Headhunters were asked not to recommend staff working there
- Balyasny’s hiring halt runs for a limited period of time
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Balyasny Asset Management says it can no longer hire from hedge fund Citadel’s Global Fixed Income business, a rare halt among rivals that often poach talent from each other.
The move was triggered by a settlement between the two hedge funds after several former Citadel employees now at Balyasny were accused of being in breach of their contracts, including non-compete and non-solicitation agreements, according to people with knowledge of the matter.