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.
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.
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.
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