Balyasny: HFT, Activists Partially To Blame For Tech DeclineMark Melin
In January Balyasny Asset Management Managing Partner and Chief Investment Officer Dmitry Balyasny looked at the market with a degree of concern. Instructing his portfolio managers to “remain nimble and focus on high beta momentum shorts if the market rolls over,” he noted a prime broker report that showed net long / short positioning among hedge funds near 74% -- an all time high in long exposure – and a high correlation to the S&P at 0.9. His portfolio managers positioned their holdings to manage the downturn, to . . .
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