Citadel and Balyasny Asset Management are engaged in a new dispute over hiring, marking at least the second time in as many years that the two firms have clashed in an intensifying competition for hedge fund talent.
Miami-based Citadel led by billionaire Ken Griffin has alleged that several of its employees who left to join Balyasny had misappropriated its confidential information, according to people with knowledge of the matter. Citadel has sent a demand letter to Balyasny, typically seen as a final warning before legal action is taken, the people said, asking not to be identified because the information is ...
