Balyasny Asset Management Promotes Ilan Weiss to Global Co-Head of Equities
What happened
Balyasny Asset Management announced that portfolio manager Ilan Weiss has been promoted to global co-head of equities. The promotion was detailed in a memo sent to employees on Monday, outlining that Weiss will lead the equities business alongside founder Dmitry Balyasny. The equities strategy has remained profitable this year, providing a key source of gains for the firm.
From hedgeweek.com
Why it matters
The equities strategy represents about 35% of Balyasny's gross capital. This leadership change comes as the firm's fixed-income and macro businesses have recorded losses this year, contributing to a low overall return.
From hedgeweek.com
Who's involved
- Balyasny Asset ManagementChicago-based multi-strategy hedge fund
- Ilan WeissPortfolio manager promoted to oversee the global equities operation
- Dmitry BalyasnyFounder and Chief Investment Officer of Balyasny Asset Management
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The entities involved
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Balyasny Asset Management
Chicago-based hedge fund
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Ilan Weiss
Nothing else this week.
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Dmitry Balyasny
Founder, Managing Partner and Chief Investment Officer of Balyasny Asset Management.
Nothing else this week.