Two Portfolio Managers Left Balyasny’s Corbets Stock-Picking Unit as the Firm Reshapes Its Equity Bench
Thursday, October 29, 2026 · first reported by HedgeCo and 1 other
Thomas Stephens and Kevin Cottrell, two portfolio managers at Corbets Capital, left the stock-picking unit of $37 billion Balyasny Asset Management earlier this month, according to Business Insider as relayed by HedgeCo. Stephens ran Corbets from its 2022 launch until about a year ago. Cottrell, who covered technology, joined at the end of 2023.
Alberto Mann, Mitul Shah and David Corwin now lead the unit. Head of trading Ali Lombardo went to Viking Global earlier this year; Ted Drury, formerly of UBS O'Connor, is due to start as her replacement next week. Balyasny declined to comment.
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- Corbets Capital
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- Thomas Stephens
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- North America
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