Hedge funds Balyasny Asset Management and Citadel have poached equity portfolio managers from each other, intensifying the battle for top trading talent as bonus season concludes and professionals seek new opportunities, according to a report by Reuters.

The report cites unnamed sources familiar with the matter as revealing that Balyasny has recruited David Brodsky, a healthcare-focused equity Portfolio Manager from Citadel’s Surveyor Capital unit. Brodsky, who has over two decades of experience, will join Balyasny in 2027 after serving a non-compete period.

Citadel has also hired Jeremy Simon, a former Balyasny Portfolio Manager who was part of its Anthem program, which grooms top-performing senior analysts for portfolio manager roles. Simon, who had been with Balyasny since January 2024, will join Citadel’s Ashler Capital division in 2026, focusing on technology, media, and telecommunications investments.

Moving in the opposite direction, biotech investor Isai Peimer, previously at Citadel's Surveyor Capital, has already started as a Portfolio Manager at Balyasny following a year-long non-compete agreement.