Balyasny Asset Management Up 12% Through November Is Shorting Energy

Balyasny Asset Management isn't your standard long-only hedge fund drone. CIO Dmitry Balyasny likes to go short when the market warrants it and he seems to “get it” in regards to algorithmic probability concepts such as mean reversion, supply and demand momentum and various market environments. Balyasny combines this knowledge with strong fundamental macro considerations, which dominate his investment decision making process. This is perhaps why his assets under management have swelled, as sources have indicated he has benefited from hedge fund asset defections in SAC Capital and Paulson, to name a few.

Balyasny’s Atlas Enhanced Fund, with unusually low historical volatility, delivered 1.51 percent returns in November and is up 11.57 percent on the year, which is pretty...