Balyasny Eyes European Expansion

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.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

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 Future of Private Equity: New Opportunities, New Challenges

Feb 3 2017 | 6:41pm ET

The private equity industry’s astonishing rebound since the financial crisis has...

 

From the current issue of