Balyasny Asset Management LLC

Balyasny Asset Management LLC

Balyasny Asset Management LLC
Last update 2020-02-17 1116 Stocks (453 new)
Value $16.80 Bil Turnover 54 %
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Balyasny Asset Management LLC Profile

Balyasny Asset Management is a hedge fund sponsor that is owned by its employees. The company was founded in 2001 and is an “institutional investment firm dedicated to delivering consistent, uncorrelated absolute returns in all market environments. Balyasny Asset Management conducts its research in house and utilizes technical analysis, cyclical analysis, and fundamental analysis in order to make its investment decisions. The firm is currently based out of Chicago and has other locations in New York City, London, and Hong Kong. Balyasny Asset Management currently has over 280 employees from over 40 countries, creating a deep fundamental research team with an active trading and risk management perspective that allows the company to have research specialization, uncorrelated profit streams, and tighter risk controls. The company is currently approaching the $30 billion mark in total assets under management. Its assets are spread across 19 accounts, all of which are discretionary. While its total number of accounts in recent years have been relatively stable, its total assets under management has grown significantly, increasing from $2 billion in 2010 to well over ten times that amount today. Almost all of its clients are pooled investment vehicles, although the company also caters to corporations and other businesses, in order of decreasing clientele. The founder Dmitry Balyasny still acts as the CEO and CIO and currently has the majority ownership in the company with the remaining ownership split amongst key executives. Balyasny Asset Management has a current market value of almost $13 billion, more than double its $6 billion valuation just two years prior. The company invests its assets in a variety of sectors, emphasizing on the consumer discretionary and information technology sectors which together make up almost half of its total allocations, and also invests in the finance, energy, health care, materials, industrials, and utilities and telecommunications sectors, among others, in order of decreasing allocation.

Balyasny Asset Management LLC Investing Philosophy

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