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Balyasny Asset Management Review

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Balyasny Asset Management (also known as BAM) is an investment management firm with more than $118 billion in assets under management (AUM). It currently employs 250 advisors and manages a total of 17 funds - or pooled investment vehicles - with 10 hedge funds as well as seven other private funds.

It's important to understand that hedge funds are often complex, loosely regulated investments and therefore accessible to accredited investors. If you're looking for trusted and comprehensive support in managing your own finances, consider speaking to a professional financial advisor.

Balyasny Asset Management 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. The firm's principal office and place of business is in Chicago. Other U.S. offices are located in New York, San Francisco, Boston, Greenwich and Austin. Offices outside the U.S. are located in Hong Kong, Tokyo, London and Singapore. 

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

The firm provides investment advisory services to high-net-worth individuals and institutional clients through privately offered pooled investment funds. The investors in those Funds include but are not limited to 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, corporate pensions and profit-sharing plans as well as other institutional clients. Minimum investments vary by fund.

Balyasny Asset Management 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.

The primary sources of information that the firm uses include but are not limited to fundamental proprietary research and analysis developed by BAM, research reports and materials prepared by broker-dealers, financial newspapers and magazines, annual reports published by publicly listed companies as well as SEC and other regulatory filings.

Largest Hedge Funds Managed by Balyasny Asset Management

Atlas Macro Master Fund, Ltd.

  • AUM: $88,713,212,148
  • Minimum: $0
  • Beneficial Owners: 2

Atlas Enhanced Master Fund, Ltd.

  • AUM: $26,235,471,762
  • Minimum: $5 million
  • Beneficial Owners: 1,827

Atlas Master Fund, Ltd.

  • AUM: $4,361,486,077
  • Minimum: $5 million
  • Beneficial Owners: 236

Atlas Singapore Master Fund Pte. Ltd.

  • AUM: $645,177,909
  • Minimum: $0
  • Beneficial Owners: 2

Atlas Private Holdings, LLC

  • AUM: $63,950,821
  • Minimum: $25 million
  • Beneficial Owners: 3

Fees at Balyasny Asset Management

Fees at BAM are charged by the firm to the fund, not to the clients directly. The Funds typically pay an annual management fee based on assets under management, payable monthly in advance or arrears. The Funds are also responsible for what's called an incentive allocation based on a percentage of the performance of the portfolio; percentages vary depending on the particular Fund and the terms associated with a specific class of shares that an investor holds.

In generally, fees for the funds are non-negotiable. Additionally, any performance-based fees are charged consistent with SEC rules and regulations. Information regarding actual fees charged to any specific Fund will be listed in the offering documents for that Fund. Additional fees and expenses may apply, so it is imperative that potential clients reach out about their particular situation.

What to Watch Out For

Again, it's important to understand that hedge funds are often complex, loosely regulated investments and therefore accessible only to accredited investors, who, along with sophisticated investors, are allowed by the SEC to buy securities like these. These two groups of investors differ from retail investors or individual investors, who might be taking a more DIY approach or enlisting the services of a financial advisor

Within the past 10 years, Balyasny Asset Management has one U.S.-based disclosure listed on its record. In 2019, one of the firm's private funds made a late submission for the notice filing of its first sale of securities in New Hampshire. The matter was resolved with a $2,500 fine. Its second disclosure involves a late submission of a net short filing by Balyasny Europe Asset Management to a regulatory agency. This matter was resolved with a settlement amount of $15,416 paid in November 2020. 

As an SEC-registered investment manager, the firm is legally obligated to uphold its fiduciary duty and work in clients’ best interests at all times. You can view its latest Form ADV on the official website of the Securities & Exchange Commission (SEC).

Becoming a Client of Balyasny Asset Management

If you are an accredited investor and wish to become a client of Balyasny Asset Management, you can visit its website or call (312) 499-2999.

Investing Tips

  • Whether you are an accredited or sophisticated investor or not, it never hurts to consult a professional to make sure you're doing everything you can to manage your finances so that they can work for you. Finding a financial advisor doesn't have to be hard. SmartAsset's free tool matches you with financial advisors in just five minutes. If you're ready to connect with local advisors, get started now
  • It's never too early - or too late, for that matter - to start investing. In addition to connecting you with expert advisors, SmartAsset also has various tools to help you get a snapshot of the numbers right now. Take a look at our free investment calculator for a sense of how much a particular investment might be worth as well as its growth over time.

How Long $1mm 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 the cost of living in retirement for that location.

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

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. 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. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

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