Bloomberg Wealth: Dmitry Balyasny

Dmitry Balyasny, founder and Chief Investment Officer of $20 billion multistrategy hedge fund Balyasny Asset Management, speaks to David Rubenstein about running a 2,000-person firm, immigrating to the US from what is now Ukraine, and what it takes to succeed in the investing industry. This interview was recorded July 12 in New York.
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[RomaSlobodian]

I am an immigrant from Ukraine, the owner of a logistics company in the USA, currently a student at Kellogg School of Management, and my favorite book is "Atlas Shrugged." Thank you for the interview. Chicago.

[daa]

Great interview! I now see where BAM’s philosophy of “Adapt or Die” and “Be humble” comes from.

[recursion.]

For 52 he looks great. Dmitry you gotta drop your nutrition and health plug!

[Unsolicitedadvice]

Great interview! Ty David for sharing!

[jorgipogi]

Most of these people have connections or come from great schools which open the doors to them. They are first and foremost salesmen who know how to describe or sale their businesses: just like Buffett.

[jamesshen]

Democratic countries don’t elect to go to wars? Vietnam? Iraq? Come on…

[mancavemademan]

"You dont have a democratic society initiating wars". REALLY ?😂😂😂😂😂

[Yuri_Ukraine]

Ukrainian language not russian.. and Kyiv, not Kiev. Incredible interview, so proud of Dmitry, what a great, inspiring story!

[jorgipogi]

No tangible information: This is just oriented to rich investors, i.e., fees, type of investors he looks for, how he conducts research, connections, etc.

[kokalti]

A professor and an engineer had a kid. Well no wander he would be successful. I think most things come down to if you were lucky enough to get the good genes.

[CharlesVaughn-bmgq]

His hedge fund has returned 10.2% over last three years. SP500 did 9.7%. So, average return. Quite a racket to take 20% off the top and a 2% asset fee for being average.

[stanstarygin]

Democratic societies don't initiate wars? You are saying this out of ignorance or out of trying to run with the herd?

[petarcholakov]

I see David is doing these interviews which are great and each guest kind of exemplifies how the American Dream has worked for them and they were able to build a conglomerate. However, in the current times, the American Dream is no longer present, nor you can start these businesses, nor most of the people’s principles and examples of pure hard work will get you to their level of success or rank. Fun is all over and I guess all these interviews are just about the “Good old times”…

[EllenGreidinger]

The unanswered question is: Why does the company need 170 strategies? That's not 170 investments. It's far more than that since each strategy must involve a series of investments. It should be possible to achieve the goals of low variance and low correlation with the S&P 500 with less than a dozen.

[AlexanderPodgornyy-dkzk]

“You don’t have democratic societies initiating wars” and he manages 20 bn

[bigworm]

Ayn Rand. Really? I guess I understand it coming from a communist country but its like saying my favorite book is Harry Potter and the Sorcerers stone.

[KaltoumaAzari]

I prefer #dmitrybalyasny's personality to #johnarnold's.

[jayalvaro-vmnd]

David love your show very informative would love to work for you have no big financial experience??

[KrapendraC]

If you want to learn value investing follow us 🎉