Hedge Fund Investing: A Practical Approach to Understanding Investor Motivation, Manager Profits, and Fund Performance
by Kevin R. Mirabile
What is the Profile of a Multistrategy Manager?
Multistrategy firms require a significant platform and scalability to be effective. Firms must be able to source talent and retain it while not allocating all of their capital to any one desk or strategy, including the founder. Multistrategy firms need to excel at risk management and asset allocation. Two very successful firms with long standing track records are the Citadel Group and Balyasny Asset Management.
Citadel Investment
According to the company's website, Citadel Asset Management invests its capital through multiple strategies around the world that have been developed by the firm's experienced team of investment professionals. The firm was founded by Ken Griffin and today manages over $12 billion in assets. It employs a combination of quantitative and fundamental analysis and proprietary trading tools to execute its ideas and create its investment portfolio. The firm also is able to leverage its dedicated risk management, liquidity management, and extensive technology infrastructure when managing capital for clients. Citadel LLC was founded in 1990 and is based in Chicago, with additional offices in New York, London, Hong Kong, San Francisco, Boston, and Dallas.
Balyasny Asset Management
According to the company's website, Balyasny Asset Management LP is a privately held investment manager. The firm manages hedge funds and other investment vehicles for its clients, which include corporations, high-net-worth individuals, ...
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