Ex-Goldman Sachs star wants more juniors in new hedge fund job
As we noted earlier, Dan Avery has finally landed at Balyasny Asset Management (BAM). And he's understood to be hiring.
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Avery joined Balyasny's London office as a portfolio manager this week. He's a delta one specialist, and it's understood that he's already building out a delta one team.
Avery's team is thought to include Max Witcher, a delta one trader who joined from LMR and Chris Donaghey, who joined from JPMorgan as a sub-portfolio manager. Both joined in September. Avery is thought to be looking for an additional three to five analysts.
Avery, who is now aged around 35, became a managing director at Goldman Sachs in 2015 when he was only 28-years-old. He left for Millennium in 2020 before handing in his resignation there in March 2024.
Neither Balyasny nor Avery responded to a request to comment for this article. It's understood that Avery ran around $1bn at Millennium and that his team will have a similar allocation of assets at BAM. BAM founder Dimitry Balyasny said this summer that rather than wanting portfolio managers who can manage a few hundred million dollars, the biggest funds now want people who can manage a few billion instead.
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