Friday, 27 March 2015
Last updated 1 hour ago
Nov 12 2013 | 11:03am ET
Balyasny Asset Management, the $3.7 billion Chicago-based hedge fund manager, has Europe in its sights.
Colin Lancaster, senior managing director at the firm, told Financial News: “Strategically, we believe it a good time to increase certain of our European asset exposures and there’s more to be done there.”
Balyasny is looking for office space and portfolio managers in London and Chris Langman, a portfolio manager based in New York, will relocate to that city. Lancaster told FN he believes its a good time to be hunting for talent given the “dearth of new entrants into the market.” A person close to the firm told FN Balyasny hopes to allocate $2 billion to Europe.
The firm, established in 2001 by former Schonfeld Securities trader Dmitry Balyasny, recently announced it was re-opening its funds to new investment next year, a move believed to have been sparked by the exodus of investors from SAC Capital Advisors.
The firm said it was up 7.02% through September and had added 1.9% to Oct. 28.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…