Balyasny Asset Management Gains In Q2, Hires New CFO

Having a low correlation to S&P 500 should have paid off in the last two months as all major stock markets took a dip for the worse. This seems to be true for Balyasny Asset Management, which underperformed in its flagship Atlas Global fund in Q1. In the second quarter Atlas Global managed to spin a gain of +2.34%, much better than the -0.29% it managed in 1Q2012. Atlas Global has gained 0.3% in June. The firms assets are down from $3.7 billion at the end of Q1 to $3.34 billion in Q2.

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