Balyasny’s $50 Million Pay Deal Lures Citadel Trader Brodsky

Dmitry Balyasny has added another expensive hire to his equities investing team: Citadel trader David Brodsky, who specializes in health stocks.

Balyasny Asset Management recruited Brodsky with potential payouts of as much as $50 million, according to people with knowledge of the matter. Brodsky will join after his 21-month sit-out period with Citadel ends, the people said, asking not to be identified because the details are private.

Citadel discussed with Brodsky ways to retain him but Balyasny’s offer, including a path to partnership at the hedge fund, ultimately clinched the deal. Dmitry Balyasny was personally involved in the negotiations, ...