Hedge fund giant Castle invests in a fund manager to move to Balyasny Asset Management. An unnamed insider revealed that Castle's healthcare equity fund manager Ricky Mewani will leave the company and switch to Balyasny's multi-strategy hedge fund. Previously, Mewani's team lost about 50 million US dollars. Mewani worked at Castle Investments for nine years, and his former colleague David Brodsky moved to Balyasny before him. A Castle spokesperson said the company was very disappointed that Ricky chose to leave. A number of fund managers have benefited from a fierce battle for talent among large hedge funds, and Mewani is just one of them. Although some have recorded huge losses, they are still being taken away by competitors, and some are even hot because the company wants them to be able to recreate their previous brilliant performance in a new environment.

Hedge fund giant Castle invests in a fund manager to move to Balyasny Asset Management. An unnamed insider revealed that Castle's healthcare equity fund manager Ricky Mewani will leave the company and switch to Balyasny's multi-strategy hedge fund. Previously, Mewani's team lost about 50 million US dollars. Mewani worked at Castle Investments for nine years, and his former colleague David Brodsky moved to Balyasny before him. A Castle spokesperson said the company was very disappointed that Ricky chose to leave. A number of fund managers have benefited from a fierce battle for talent among large hedge funds, and Mewani is just one of them. Although some have recorded huge losses, they are still being taken away by competitors, and some are even hot because the company wants them to be able to recreate their previous brilliant performance in a new environment.