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 various degrees, and as of the end of March was up 5.87%…
Balyasny: HFT, Activists Partially To Blame For Tech Decline
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.