'Trading too much and not investing enough': Dmitry Balyasny on why he's remade the hedge fund's equities team

‘Trading too much and not investing enough’: Dmitry Balyasny on why he’s remade the hedge fund’s equities team

Throughout its 23-year history, Dmitry Balyasny’s firm has been known, first and foremost, as a stock picker. While the $20 billion multistrategy firm has added strategies like macro, commodities, and quant over the years and expanded its head count to 2,000 people, the Chicago-based manager still leads with its equities expertise. So when the firm’s equities teams were dragging the manager’s performance down to the bottom of the league tables i…

'Trading too much and not investing enough': Dmitry Balyasny on why he's remade the hedge fund's equities team

Dmitry Balyasny founded his hedge fund in 2001.BalyasnyDmitry Balyasny and Steve Schurr, a senior portfolio manager, discussed the firm's equities rebuild.Balyasny has been leading the unit since Jeff Runnfeldt's departure in October 2023.The manager wants its equities teams to focus on deep research, not short-term trading.Throughout its 23-year history, Dmitry Balyasny's firm has been known, first and foremost, as a stock picker.While the $20 …