SAC Rival Balyasny Gains 1.1% In May, Alpha Rebounds

Balyasny Asset Management, founded by Dmitry Balyasny, managed a 1.11% return in May of this year. The flagship hedge fund, Atlas Global Investments is now up 2.75% for the year, according to monthly letter seen by ValueWalk. The independently managed portfolio, Atlas Enhanced Fund grabbed a 2.08% return in the same period and is now up 4.95% for the year. Alpha up for the year The markets changed course in May after a reversal period in March-April that hurt Balyasny’s hedge funds. The fund’s alpha generation capability rebounded in May and is now up 2.35% YTD. Adjusting to the pressures of the…