Balyasny said to cut 125 People

It is quite amazing that a Hedge Fund - or any Investment Manager - with an AuM just under $12 billion can have a cast of hundreds, more than six hundred staff in Balyasny's case. So it is no wonder that such a large cut in staffing numbers became inevitable.
Hopefully most Firms have a tighter control over their headcount - a strategy of hire and fire is not conducive to a good working environment and investment clients are less than happy if they see frequent staff changes.
Balyasny Cuts 125 People as Hedge Fund Bleeds Assets