Balyasny Dramatically Amps Up its Gross Exposure

The multistrategy firm headed by Dmitri Balyasny, which now manages $12.6 billion, is increasingly deploying capital as it expands some strategies.

Dmitry Balyasny has rapidly ratcheted up the risk in his multistrategy hedge funds.In the first quarter, the founder of Chicago-based Balyasny Asset Management lifted the total gross exposure in the firm’s Atlas Enhanced Fund to 455 percent of assets under management, according to its first-quarter letter to investors, obtained by Alpha.

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