Episode 48: Dmitry Balyasny - Managing Partner and CIO of Balyasny Asset Management

Episode 48: Dmitry Balyasny - Managing Partner and CIO of Balyasny Asset Management

February 5, 2026 · 53 min

About this episode

Amir Fischer interviews Dmitry Balyasny about his journey in the hedge fund industry and insights on investment management.

This week on Generating Alpha, I sat down with Dmitry Balyasny, Founder and Chief Investment Officer of Balyasny Asset Management (BAM), one of the world's most successful multi-strategy hedge funds with over $30 billion in assets under management. Dmitry's journey began in 1992 when he joined Schonfeld Securities as a proprietary trader straight out of Loyola University Chicago. Over nine years, he honed his craft in volatility arbitrage and options trading, eventually becoming Head of the Volatility Arbitrage Group. In 2001, he founded Balyasny Asset Management with a clear vision: build a best-in-class platform that attracts and retains exceptional investment talent across multiple strategies. Under Dmitry's leadership, BAM has become known for its rigorous risk management, disciplined capital allocation, and ability to generate consistent alpha across market cycles. The firm operates dozens of portfolio management teams spanning equities, quantitative strategies, commodities, and credit, unified by a culture of intellectual rigor and accountability. Dmitry built one of the industry's most sophisticated infrastructures for portfolio management, combining centralized risk…

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