Balyasny Asset Management has appointed three senior executives to oversee its expanding international operations, as the multistrategy hedge fund strengthens its management structure following a period of significant recruitment and challenging investment performance, according to a report by eFinancialCareers.

The firm has hired Andrew Tsai from PDT Partners as chief executive of its international business, a newly created London-based position. Balyasny has also appointed former Goldman Sachs partner Risa Lederhandler as its first chief operating officer for Europe, with Lederhandler joining the firm's management committee.

In Asia, Balyasny is understood to have recruited Aleem Jivraj, previously chief operating officer for global markets at Nomura, as its new Asia COO. Jivraj is expected to take up the Hong Kong-based position in November.

The appointments follow substantial workforce expansion across Balyasny's global operations. The firm added 371 employees in 2025, including 157 investment professionals, and its latest regulatory filings show 192 investment advisory staff in London, alongside 60 in Hong Kong and 61 in Singapore.

The management changes come amid difficult trading conditions for the hedge fund, which recorded a 2.7% after-fee loss in the nine months to September before declining a further 3.4% before fees in October.

The appointments reflect Balyasny's efforts to strengthen operational oversight across its growing international platform, with additional management capacity potentially supporting greater scrutiny of costs and organisational efficiency as the firm navigates a challenging investment environment.