Masters in Business

21st Century Investing Strategies From Dmitry Balyasny

174 snips
Sep 26, 2025
Dmitry Balyasny, managing partner and CIO of Balyasny Asset Management, shares insights from his journey as a trader and hedge fund founder. He discusses the influence of his Ukrainian roots on risk tolerance and resilience. Dmitry explores the evolution of trading tech, the importance of internal risk management strategies, and the dynamics of multi-strategy investing. He offers a candid look at the competitive landscape and the transformative potential of AI, while also touching on his philanthropic work with the Atlas Fellowship.
Ask episode
AI Snips
Chapters
Books
Transcript
Episode notes
INSIGHT

Volatility, Not Direction, Drives Turnover

  • For market-neutral strategies, absolute market direction matters less than volatility and relative dispersion.
  • High vol forces more turnover; managers must find optimal turnover to capture alpha without sacrificing capacity.
ADVICE

Diversify Trade Horizons In Portfolios

  • Build portfolios with a mix of short-, medium-, and long-term trades to avoid style concentration risk.
  • Ensure teams keep diverse trade types so they can adapt when one approach stops working.
ADVICE

Teams Hedge Within Firm Limits

  • Teams must manage their own factor and idiosyncratic risk within agreed limits while the firm enforces stress and gap constraints.
  • Hedge exposures when stress limits or gap scenarios would breach agreed loss tolerances.
Get the Snipd Podcast app to discover more snips from this episode
Get the app