Chicago-based hedge fund firm Balyasny Asset Management is looking to re-establish a presence in Europe to take advantage of the region’s positive investing environment.
Financial News reported that Balyasny, which closed down its European investment presence in 2006 after its London-based portfolio manager Colm O’Shea left, has been looking at office space and portfolio managers in the region. New York-based portfolio manager Chris Langman is also relocating to the new London office.
The article added that Balyasny aims to have $2 billion ultimately allocated to Europe.
With additional offices in New York, San Francisco and Hong Kong, Balyasny manages approximately $3.7 billion in assets.