Balyasny Asset Management’s Asia head Avinash Abraham is leaving the $9.6 billion hedge-fund firm after more than six years, said a person with knowledge of the matter.
The firm is in the process of notifying clients and service providers, said the person, who asked not to be identified because his pending departure hasn’t yet been publicly announced. Colin Lancaster, a spokesman for Balyasny, didn’t reply to emails seeking comment.
Balyasny, the Chicago-based multistrategy firm led by Dmitry Balyasny, hires money managers that use a range of trading strategies to bet across asset classes. Abraham leads 14 other licensed representatives in Hong Kong, according to information posted on the website of the city’s Securities and Futures Commission.
Abraham joined Balyasny in August 2009 as a Hong Kong-based manager focused on Asian industrial companies, according to an official biography. He had been a fund manager and partner with billionaire-investor Ken Griffin’s Citadel before that and also worked for Och-Ziff Capital Management LLC as an analyst.
Balyasny had invested about $3 billion in Asia, Abraham said in June at the annual Sohn Conference Hong Kong, presented by the Karen Leung Foundation. The firm also has offices in New York; Greenwich, Connecticut; San Francisco and London, according to its website.
(Adds number of Hong Kong-licensed representatives in third paragraph.)
To contact the reporter on this story: Bei Hu in Hong Kong at bhu5@bloomberg.net. To contact the editors responsible for this story: Sree Vidya Bhaktavatsalam at sbhaktavatsa@bloomberg.net, Andreea Papuc
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