Balyasny Asset Management Performance Overview and AUM

Balyasny Asset Management has consistently demonstrated strong performance in the financial industry. Founded in 2000, the company has a proven track record of delivering returns for its clients.

As of 2022, Balyasny Asset Management's assets under management (AUM) stood at $12.4 billion. This significant growth is a testament to the company's expertise and commitment to its clients.

With a global presence and a diverse range of investment strategies, Balyasny Asset Management has established itself as a trusted player in the asset management space.

Balyasny is a multi-strategy investment firm that offers a range of funds to investors. They employ five primary strategies in their investment approach.

Their funds are designed to be versatile, with the ability to adapt to changing market conditions. Balyasny's investment philosophy is built around these five strategies.

Fundamental long/short equity and equity trading are two of the strategies used by Balyasny. These strategies focus on analyzing companies and making trades based on that analysis.

The firm also uses quantitative systemic strategies, which involve using mathematical models to identify investment opportunities. Global macro strategies, including commodities and futures-based strategies, are another key component of Balyasny's approach.

To inform their investment decisions, Balyasny relies on a variety of sources, including proprietary research and analysis. They also draw on research reports from broker-dealers, financial newspapers, and magazines.

Annual reports from publicly listed companies and regulatory filings are also used by Balyasny in their research. This diverse range of sources helps the firm stay up-to-date on market trends and developments.

Balyasny Asset Management offers multi-strategy investment funds, with five primary strategies used: fundamental long/short equity, equity trading, quantitative systemic strategies, global macro, and credit.

The firm uses various sources of information, including fundamental proprietary research, research reports from broker-dealers, financial newspapers and magazines, and SEC filings. Dmitry Balyasny, the founder, has a background in finance, graduating from Loyola University in Chicago with a bachelor's degree.

Balyasny Asset Management has a significant presence in the hedge fund industry, with approximately $14.8 billion in client assets as of March 1, 2022, on a discretionary basis.

Balyasny Asset Management delivered an annualized return of 12% for the first 16 years of its existence.

The firm's performance was remarkable, with rare losses and consistent growth.

However, in 2018, the firm experienced significant difficulty, posting large performance losses and losing half of its assets under management.

The firm's assets under management dropped from $12 billion to $6 billion in 2018.

By 2019, the firm was back into profitability after undergoing significant changes, including hiring new staff and changing its risk management approach.

In 2022, the firm's assets under management had grown to $15.7 billion, and by August 2023, it had increased to $21 billion.

The firm's growth has been steady, with a significant increase in assets under management in just a few years.

AUM stands for Assets Under Management, and it's a crucial metric for asset management firms like Balyasny Asset Management. Dmitry Balyasny founded the company in 2001, and it specializes in macro investing.

As of March 1, 2022, Balyasny Asset Management had approximately $14.8 billion in client assets on a discretionary basis. This is a significant amount, and it shows the company's growth over the years.

The company's AUM has grown substantially since its inception. However, the exact figure for the company's AUM is not mentioned in the article.

The company's portfolio value is a more up-to-date figure, and as of the latest available data, it stands at $61,306,204,232. This figure has increased by 1.07% in the current quarter.

Here's a summary of the company's AUM-related figures:

Note that the AUM figure for 2024 is not directly comparable to the 2022 figure due to the significant increase in the company's portfolio value.

Balyasny Asset Management was founded in 2001 by Dmitry Balyasny, Scott Schroeder, and Taylor O'Malley in Chicago. The firm started as a long/short equity trader, a strategy that accounted for 70% of the firm's risk as of 2020.

Dmitry Balyasny still owns more than 75% of the firm, which has its principal office in Chicago and other U.S. offices in New York, San Francisco, Boston, Greenwich, and Austin.

Balyasny Asset Management provides investment advisory services to high-net-worth individuals and institutional clients through privately offered pooled investment funds. The firm's minimum investments vary by fund.

The firm's primary sources of information include fundamental proprietary research and analysis developed by BAM, research reports and materials prepared by broker-dealers, financial newspapers and magazines, annual reports published by publicly listed companies, and SEC and other regulatory filings.

Here are the five primary strategies used by Balyasny Asset Management:

Balyasny Asset Management's performance can be compared to other industry leaders in terms of their investment strategies and results.

The firm's flagship fund, the Balyasny Global Fund, has consistently outperformed the MSCI ACWI Index, with a 5-year annualized return of 12.1% compared to the index's 7.4% return.

Balyasny's focus on long-term value investing has allowed them to navigate market fluctuations more effectively than some of their peers.

The firm's investment team has a strong track record of identifying undervalued companies with growth potential, as seen in their successful investments in companies like Amazon and Netflix.

Balyasny's ability to adapt to changing market conditions has been a key factor in their success, allowing them to stay ahead of the curve in terms of investment trends.

The firm's commitment to rigorous risk management has also helped to minimize losses during periods of market volatility.

By comparison, some of Balyasny's competitors have struggled to match their performance, with many relying on more aggressive investment strategies that have led to higher volatility and lower returns.

Balyasny's disciplined approach to investing has paid off in the long run, making them a standout performer in the industry.

Fees at Balyasny are charged to the fund, not directly to the clients.

Fees are typically annual management fees based on assets under management, paid monthly in advance or arrears.

These fees are non-negotiable, and performance-based fees are charged consistently with SEC rules and regulations.

Information about actual fees charged to a specific fund can be found in the offering documents for that fund.

Balyasny Asset Management was founded in 2001 in Chicago by Dmitry Balyasny, Scott Schroeder, and Taylor O'Malley.

The firm initially traded mostly long/short equity, which accounted for 70% of the firm's risk as of 2020.

Balyasny Asset Management delivered an annualized return of 12% for the first 16 years of its existence, but then experienced significant difficulty in 2018.

The firm's assets under management dropped by half from $12 billion to $6 billion in 2018, and client investors withdrew their money.

Dmitry Balyasny sent an email to the firm's staff in 2018 with the subject line "Adapt or Die", stating that the firm's performance "sucks" and that investors were wondering if staff joined the firm to enjoy not working too hard.

The email was used by Kenneth C. Griffin, the founder and CEO of Citadel LLC, as an example of poor culture in a firm.

Balyasny Asset Management then cut 125 jobs, which was around 20% of the firm's workforce, in response to the difficulties.

The firm underwent significant changes after 2018, including hiring new staff, changing its risk management approach, and transitioning to more institutional investors.

By 2019, the firm was back into profitability, and by 2022, it had $15.7 billion assets under management and 1,100 employees.

As of August 2023, the firm had $21 billion assets under management, and in 2023, it opened an office in Dubai.

The firm also switched to longer "lock-ups" for investors' capital, ensuring a minimum of two years for withdrawals.

Dmitry Balyasny still owns more than 75% of the firm, which was founded in 2001 as Balyasny Capital Management, LLC.

The firm's principal office and place of business is in Chicago, with other U.S. offices located in New York, San Francisco, Boston, Greenwich, and Austin.

The firm provides investment advisory services to high-net-worth individuals and institutional clients through privately offered pooled investment funds.

Minimum investments vary by fund, and the investors in those Funds include high-net-worth individuals, family offices, other private investment funds, and institutional clients.

As of March 2024, Balyasny Asset Management had 23 partners, and the firm has been investing in private startups since 2022.