{"id":92444,"date":"2026-10-30T06:46:23","date_gmt":"2026-10-30T10:46:23","guid":{"rendered":"https:\/\/hedgeco.net\/news\/10\/2026\/two-portfolio-managers-left-balyasnys-corbets-stock-picking-unit-as-the-firm-reshapes-its-equity-bench.html"},"modified":"2026-10-30T06:46:23","modified_gmt":"2026-10-30T10:46:23","slug":"two-portfolio-managers-left-balyasnys-corbets-stock-picking-unit-as-the-firm-reshapes-its-equity-bench","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2026\/two-portfolio-managers-left-balyasnys-corbets-stock-picking-unit-as-the-firm-reshapes-its-equity-bench.html","title":{"rendered":"Two Portfolio Managers Left Balyasny’s Corbets Stock-Picking Unit as the Firm Reshapes Its Equity Bench:"},"content":{"rendered":"

\"Two<\/p>\n

HedgeCo.Net \u2014 Thomas Stephens and Kevin Cottrell, two portfolio managers at Corbets Capital, the fundamental stock-picking unit of $37 billion Balyasny Asset Management, left the firm earlier this month, Business Insider reported, citing people familiar with the matter.<\/p>\n

Stephens ran Corbets from its launch in 2022 until roughly a year ago and had more recently managed a portfolio focused on financial services companies. He joined Balyasny in 2018 after managing money at Millennium Management and Citadel. Cottrell, a technology-focused portfolio manager, joined the unit at the end of 2023 after running his own fund, KCL Capital, and had previously traded at Point72 Asset Management.<\/p>\n

Corbets is now led by portfolio managers Alberto Mann, Mitul Shah and David Corwin, according to the report. The unit had 15 portfolio management teams and nearly 100 investment professionals as of the start of June. It lost its head of trading, Ali Lombardo, to Viking Global earlier this year, and her replacement, former UBS O’Connor trading head Ted Drury, is due to start next week.<\/p>\n

Balyasny does not break out performance by unit, but the firm gained less than 1% through September, Business Insider previously reported. Balyasny declined to comment. The firm has also added portfolio managers this year from Citadel, Marshall Wace and Hudson Bay.<\/p>\n

Multi-manager platforms increasingly run separate in-house equity brands to sharpen investment style, ease recruitment and win distinct access to corporate management teams. The Corbets changes show how quickly those units are reshuffled when a platform’s overall returns lag rivals in a year of intense competition for proven stock pickers.<\/p>\n","protected":false},"excerpt":{"rendered":"

HedgeCo.Net \u2014 Thomas Stephens and Kevin Cottrell, two portfolio managers at Corbets Capital, the fundamental stock-picking unit of $37 billion Balyasny Asset Management, left the f\u2026 Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":8,"featured_media":92443,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16044],"tags":[17196,17197,16342,17200,17198,17199],"class_list":["post-92444","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hedge-fund-strategies-2","tag-balyasny-asset-management-2","tag-corbets-capital","tag-equity-long-short","tag-hedge-fund-talent","tag-multi-manager","tag-portfolio-managers-2"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/92444","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=92444"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/92444\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media\/92443"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=92444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=92444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=92444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}