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Balyasny Asset Management L.P. Review - SmartAsset

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Balyasny Asset Management L.P.

Balyasny Asset Management L.P. is a fee-only firm in Chicago, Illinois. It has more than $157 billion in assets under management, all in pooled investment vehicles. It does not offer traditional asset management, where an investor takes a client’s money and puts it into a variety of different securities and funds. If that is what you are looking for, consider using SmartAsset’s free financial advisor matching service to find one.

Access to the pooled-investment vehicles is for high-net-worth individuals and institutional clients.

Balyasny Asset Management L.P. Background

BAM was founded in 2001 as Balyasny Capital Management, LLC. In 2003, it converted from a limited liability corporation to a limited partnership, and in 2004 the name was changed to its current form. 

Dmitry Balyasny founded in the firm and still owns more than 75%. He is the only principal owner. 

What Types of Clients Does Balyasny Asset Management L.P. Accept?

The firm does not have individual clients in the traditional sense -- that is, clients whose money it manages with investment advice. Instead, they take money into their pooled investment vehicles.

The clients for those pooled investment vehicles are high-net-worth individuals, family offices, other private investment funds, funds of funds, investment companies, trusts, estates, U.S. and non-U.S. institutions, charitable institutions, sovereign wealth funds, foundations, endowments, municipalities and corporate pension and profit-sharing plans.

Balyasny Asset Management L.P. Minimum Account Sizes

Balyasny does not list a minimum account size to invest in its pooled investment vehicles. Investment is limited to accredited investors, though. This means all investors must have a net worth of at least $1 million (excluding the value of a primary residence) or income of at least $200,0000 each year for the past two (combined income of $300,000 for a married couple) with the expectation of the same salary for the next year.

Services Offered by Balyasny Asset Management L.P.

The primary service Balyasny offers is its pooled investment vehicles. These are privately offered funds.

Investment Philosophy

The funds offered by Balyasny are all multi-strategy investment funds. There are five primary strategies used: fundamental long/short equity, equity trading, quantitative systemic strategies, global macro (including commodities and futures-based strategies) and credit. Market sectors used within the equities strategies include energy, healthcare, financial/insurance, industrial, technology, media, telecommunications, consumer staples, consumer discretionary and merger arbitrage/events.

Fees Under Balyasny Asset Management L.P.

Fees are based on a percentage of assets under management. The exact rate each of the funds charges is confidential and generally not negotiable.

What to Watch Out For

If you are looking for traditional investment management, Balyasny is not the place for you. It offers pooled investment vehicles to high-net-worth qualified investors.

Disclosures

There are no disclosures on record for BAM in the past ten years.

Where Is Balyasny Asset Management L.P. Located?

The headquarters are at 444 West Lake Street, 50th Floor Chicago, Illinois 60606. There are also offices in New York, San Francisco, Hong Kong, Boston, Greenwich, Houston, Austin, London and Singapore.

Opening an Account With Balyasny Asset Management L.P.

To invest with BAM, you can fill out the firm’s contact form. You can also call the main office at 312-499-2999.

Tips for Investment

  • While BAM doesn’t offer traditional investment advisory services, plenty of advisors do. Finding the right financial advisor who fits your needs doesn’t have to be hard, though. SmartAsset’s free tool matches you with financial advisors in your area in 5 minutes. If you’re ready to be matched with local advisors that will help you achieve your financial goals, get started now.
  • If you are investing by yourself, it can be helpful to know what an investment might look like in the future given a standard rate of growth. See what your investments could grow to using our investment calculator.

How Many Years $1 Million Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about cost of living in retirement there.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology SmartAsset calculated the average cost of living for retirees in the largest U.S. cities. Using that calculation, we determined how many years $1 million would last in retirement in each major city.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors throughout the country. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%, reflecting the typical return on a conservative investment portfolio. Finally, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would last in each of the cities in our study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research