Hedge Funds

Balyasny maps out new long/short vehicle with $100m


#Balyasny Asset Management expects to launch a new strategy, Atlas Fundamental Trading Fund, on July 1 with close to $100 million. The fund is looking to secure long-term capital and has stringent terms for early redemptions.

The equity long/short vehicle, which will be managed solely by founder Dmitry Balyasny, will focus primarily on the telecom, media and technology sectors. Additional trades will include best ideas from other sectors the firm follows, as well as a small number of directional macro trades.

Dmitry Balyasny

Balyasny recently began marketing the fund to a handful of current investors. "We have