The Alternative Data Podcast The Balyasny Asset Management Episode
Jan 31, 2022
Joining the conversation is Carson Boneck, Chief Data Officer at Balyasny Asset Management, a leading multi-strategy hedge fund. They delve into the complexities of building an effective data function and the importance of collaboration among portfolio managers. Carson emphasizes the culture of teamwork and idea-sharing that sets Balyasny apart. The discussion also highlights strategic advancements in data processes, including AI and machine learning, and the innovative Antenna tool that enhances investment strategies with real-time data insights.
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Transcript
Episode notes
Unexpected Assignment Sparks Data Build
- Carson recounts being nominated in a leadership meeting to run BAM's data effort and then accepting the role on the spot.
- The story highlights BAM's openness to empowering staff to co-author their career paths.
Collaboration Beats Siloed Competition
- BAM emphasises collaboration across pods instead of siloed competition among many PMs.
- This allows data teams to build scalable products that serve many portfolio managers simultaneously.
Prioritize A Rock-Solid Data Core
- Build a rock-solid technical foundation before pursuing advanced ML or AI work.
- Invest in security masters, mapping, and a golden copy data service with dedicated teams and no distractions.