Business Insider reports that Thomas Stephens and Kevin Cottrell left Balyasny’s Corbets unit earlier in October. Stephens led the fundamental-stock-picking unit from its 2022 launch until roughly a year ago and most recently ran a financial-services portfolio. Cottrell focused on technology after joining from KCL Capital at the end of 2023.
The report says Alberto Mann, Mitul Shah and David Corwin now lead the unit. It does not establish the reason for either departure, their exact exit dates or Corbets-specific performance. A previously reported gain of less than 1% through September applies to the parent firm, not to Corbets.
Source: Business Insider