Balyasny’s Computer Glitch
The multistrategy firm has had more trouble than other firms jump starting its systematic strategy — but its funds are bouncing back anyway.
It’s back to the drawing board for Balyasny Asset Management’s systematic strategy, for which the firm previously had high hopes.
Earlier this month Ulrich Brandt-Pollmann, head of systematic strategies, left the multistrategy firm founded by Dmitry Balyasny. The move comes as a growing number of “fundamental” hedge fund firms are embracing some sort of computer-driven strategy.