On October 20, eleven Marquette University finance students traveling with Dr. David Krause in New York will have an opportunity to visit Balyasny Asset Management (BAM), an absolute return strategy hedge fund. They will be the host of MU alumnus, Scott Schroeder, who is a co-founding partner of BAM. Mr. Schroeder will also be a part of the Marquette CIRCLES event on October 19. The Keyes Dean of the College of Business Administration, Dr. Linda Salchenberger, will also join the students and Dr. Krause at BAM.
Founded in 2001 by Dmitry Balyasny with a team of 12 in Chicago (including Scott Schroeder), Balyasny Asset Management has grown to six offices (Chicago, Greenwich, Hong Kong, London, Mumbai, and New York) in four countries with over 100 professionals. According the to company's website, "Although the company has grown, the original premise remains the same: Create a culture with a work-hard / play-hard mentality where successful people can grow to their potential and feel part of a "family". It is truly BAM's culture that sets us apart from the rest of the industry."
The visit to BAM's New York office will include: an introduction to the hedge fund industry, a discussion of the capital markets and trading desk, an opportunity to watch the opening of the market with BAM's traders, and opportunities to meet with portfolio managers and market analysts.
Dr. Krause, AIM program director said, "We are looking forward to our visit to Balysany. Because this will be the only hedge fund we visit this week during our NYC trip, the time we spent with Scott Schroeder and his colleagues at BAM will be special. We are thankful that we can spend part of the morning inside this highly regarded hedge fund."
Balyasny offers a common platform for its investment professionals. These professionals are from various investment sectors and share their experiences through this arrangement. BAM's data sharing is quite helpful for the development of ideas with the firm. BAM is also operating in several other countries and so it has the necessary knowledge about the prevailing trends in the international asset management sector.
According to the firm, in order to get proper returns from the modern-day market, it is necessary that the professionals, like portfolio managers and the portfolio analysts, are experienced enough and devote their full efforts to developing new concepts and ideas. The potential investment sectors are located by Dmitry Balyasny with the assistance of the senior portfolio managers and the sector analysts. Whenever any investment option is located, the entire team of professionals including trading desk professionals, risk management professionals and all others invest their time to understand and analyze the options. Through this process, the best strategy is developed regarding investment in a particular asset.This has served BAM successfully throughout its existence.