Balyasny Eyes European Expansion

Nov 12 2013 | 12:03pm 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.


In Depth

AIMA: Smaller Firms Remain the Lifeblood of the Hedge Fund Industry

Jul 26 2017 | 5:55pm ET

It is a hedge fund industry truism that the largest managers receive the most attention...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Rastegar: PE Real Estate Gains Momentum as Uncertainty Rises

Jul 21 2017 | 6:04pm ET

The steady march of equity markets and fundamental shift in the direction of Fed...

 
Error

FINalternatives Trending

From the current issue of