Balyasny reputation

Does BAM have a good reputation? I've read that they struggled a few years ago and had to reduce headcount. I've also noticed a lot of investment in quant recently and it seems like they're growing again. I have a quant background and always thought of BAM as a traditional LS equities shop so I'm not sure what to think of this recent expansion.

Comments (24)

Oct 26, 2021 - 8:44pm

what do you mean turned an offer?

he feels he can learn more at baly than at citadel?

  • 1
Oct 27, 2021 - 9:16pm

Heard quant infra is poor for what its worth

"one for the money two for the better green 3 4-methylenedioxymethamphetamine" - M.F. Doom

  • 1
Oct 30, 2021 - 2:37pm

Baly was against the ropes 4-5 years ago, but somehow Dmitry rejiggered things and the fund is back on track. AuM must've doubled since then, back in the low-teens $bn.

In my opinion, it's got one of the most attractive cultures of all the MMs: less cut-throat than Citadel, and more collaborative than MLP.

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  • PM in HF - RelVal
Oct 30, 2021 - 7:07pm

This is all bs as far as I'm concerned. Baly is just as cut-throat as the other MM platforms. They are actually worse because they pretend that their culture is really friendly and open and then when shit hits the fan they fire everyone. Would rather a firm be upfront about it 

Oct 30, 2021 - 8:06pm

Of course they fire consistent underperformers, what do you expect? But as far as I know, there is a culture of support while not mandating a specific investment process on you the way Citadel does. 

Also, it's a lot more rare to hear of someone fired after just a few months the way you hear from MLP or Citadel.

  • Intern in HF - EquityHedge
Dec 11, 2021 - 1:03pm

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