Balyasny Manages A Flat July Amid Turbulent Markets

Balyasny Asset Management (BAM) posted dull returns in July, however, it was still better than many of its peers, which succumbed to losses. The flagship Atlas Global Investment was down .06%,according to estimated returns on BAM's monthly update seen by ValueWalk. AGI is up 3.9% for the year, whereas the Atlas Enhanced Fund is up 7.09% after an estimated gain of .24% in July. BAM manages $5.9 billion. Over 80% of the hedge fund's assets are invested in equities, and some 15% is allocated to macro strategy.

Balyasny funds stumble in mid-July

Just like other hedge funds that suffered...