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Balyasny Cuts 125 People as Hedge Fund Bleeds Assets

(Bloomberg) Dmitry Balyasny is cutting at least 125 people from his hedge fund firm, about one-fifth of the total, as losses and client withdrawals erased $4 billion in assets. The firm eliminated 13 stock teams, accounting for about 40 investment professionals, said people familiar with the firm. It plans to reduce the balance of employees from the back office before the end of the year.

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