Balyasny Asset Management Has Rough Q1, Plans New Office

Balyasny Asset Management’s, BAM, funds lagged the benchmark S&P 500 index by a wide margin. The Atlas Global (AGI) and Atlas Fundamental Trading (AFT) returned -0.29 and +1.4 percent respectively in the first quarter. BAM manages in excess of $3.7 billion, out of which $1.5 billion are under the Atlas Global Fund while Atlas Fundamental Trading manages $160 million. Both funds have almost no correlation to the S&P 500 index which is also exemplified by their low returns in a period when S&P 500 (INDEXSP:.INX) rose over 10 percent. BAM is increasing its standing in Asian investments and generally in the…