Balyasny Asset Management had difficulty in April managing a de-risking environment in both the firm’s offerings, according to an investor letter reviewed by ValueWalk. “Throughout the volatile unwind, it has been critical to manage risk and quickly adapt to changing markets,” Managing Partner Dmitry Balyasny wrote. The AGI fund was down 1.61% in April and is up 1.75% year to date while the AEF fund was down 2.80% in April and is up 3% year to date. Focus on longs un-loved by hedge funds “For longs, we focused on significantly variant ideas, with clear near-term catalysts that were under-owned by…
SAC Capital Competitor, Balyasny Says Easy money Has Been Made
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.