Several major hedge funds are reducing their investment staff in Miami despite the city's reputation as a growing finance hub. Eight multistrategy firms — including Citadel, Millennium, Point72 and Balyasny — employed 218 investment professionals in Miami in 2025, down 20 from the previous year, even as their overall investing head count grew by over 11%. Citadel, which moved its headquarters to Miami in 2022, cut 15 investment professionals there whilst adding 77 globally. Millennium reduced its Miami presence from 53 investors to 48 and consolidated from two offices to one. Only ExodusPoint and Walleye increased their Miami investment staff. Growth is instead concentrated in New York, London, Hong Kong and Dubai, according to regulatory filings.

ExodusPoint hired a Balyasny quant head who was one of Eisler Capital's earliest technologists. Hedge funds Balyasny Asset Management and ExodusPoint have had a pretty decent year so far; each is up more than 10% for the year through to September. Rob Buckle, a senior quant at the former, has made a switch to the latter, but he also had a stint at a hedge fund having a decidedly less impressive 2025. Rob Buckle, head of core quants at Balyasny, has joined ExodusPoint in an undisclosed capacity. He spent the last three years at Balyasny, but has held a number of senior quant roles elsewhere in finance, including four years at Brevan Howard and a three-year stint as co-head of quant research and technology for Rokos Capital as it was transitioning from family office to hedge fund. In 2016, though, Buckle left Rokos and joined Eisler Capital in its infancy, claiming to be the fund's head of quant research and technology on LinkedIn. He said he was tasked with building its platform from scratch, but left in 2017 after just 14 months in the role. After leaving Eisler, he briefly returned to Rokos, this time just as a quant analyst, before ultimately leaving for Balyasny. Buckle's time at Eisler ended before the arrival of Sam Wisnia and Angelo Haritsis, who are thought to have run the quant and technology teams since their arrival in 2018. ExodusPoint has tapped Balyasny for technology talent in the past. Shen Xu, Balyasny's head of natural language processing, joined ExodusPoint as its head of artificial intelligence in October 2023. Earlier this year, though, a senior ExodusPoint trader went in the opposite direction; London-based ExodusPoint partner Yash Agarwal joined Balyasny in May. Have a confidential story, tip, or comment you'd like to share? Contact: WhatsApp: http://wa.me/442079977910 (+44 20 7997 7910), Telegram: @AlexMcMurray, Signal: @AlexMcMurrayEFC.88 Click here to fill in our anonymous form, or email [email protected]. Bear with us if you leave a comment at the bottom of this article: comments are moderated intermittently by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. You must take sole responsibility for comments you post on this site. We will take reasonable steps to weed out anything that we consider to be offensive or inappropriate. The essential daily roundup of news and analysis read by everyone from senior bankers and traders to new recruits.