Balyasny Short Exposure Generates Alpha During Bull Markets

As 2014 was perhaps a quintessential stimulus driven market environment, Balyasny Asset Management does the unusual

When a sophisticated hedge fund allocator looks at Balyasny Asset Management’s Atlas Global fund, they might wonder that, with $7.2 billion under management, how can the fund be so nimble as to deliver positive performance in every year of its existence – including 2008?

Granted, there are issues that crop up when a fund grows with rapidity.  For instance, while it might not be entirely evident in any specific statistic contained in the fund...