Balyasny Nabs Former Stark Partners

Dec 30 2010 | 12:57pm ET

Three of the five former Stark Investments partners who left the hedge fund in June over disagreements about its future have landed at Balyasny Asset Management.

Former Stark President and Chief Operating Officer Colin Lancaster and former global macro co-head Ashok Bhatia headline the new arrivals at New York-based Balyasny. Bhatia's three-member team, which also includes former co-head of distressed investments Robert Dishner and former global macro team member Owen Walsh, are charged with building up Balyasny's global macro effort, Financial News reports.

All four will join Balyasny early next year, the firm told investors in a letter.

Balyasny has done little with global macro since spinning off Comac Capital, led by former top global macro trader Colm O'Shea, four years ago. Bhatia's team will be seeded with $250 million from Balyasny and will consider launching a separate fund in the second or third quarter. The team will also manage between 10% and 25% of Balyasny's multi-strategy fund.

"Ashok's strategy emphasizes a research-intensive, discretionary process which is designed to identify high-conviction macroeconomic themes," Balyasny said in the letter.

Lancaster will become a senior managing director at Balyasny, and in addition to focusing on the "build out of the macro strategy" will have other "executive" responsibilities.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

Often seen as a passion project, or part of a philanthropic venture, rare and fine stringed instruments offer an exciting option to diversify one’s investment portfolio while providing an opportunity for an exceptional long-term investment.