Photo of employees at BAM's New York City office

Investment Philosophy

A Winning Investment Platform

Delivering consistent uncorrelated returns to our investors in all market environments.

Achieving success together.

We founded BAM to create the type of firm we would want to work at – a meritocracy that rewards performance, operates without silos, promotes talent and values the spirit of collaboration and innovation. BAM recognizes the impact of culture in driving performance and fosters an environment of partnership, accountability and continuous improvement on behalf of our investors.

BAM Team - Meeting Photo

Diversified strategies driving uncorrelated performance.

BAM’s mission is to consistently produce absolute returns in all market environments. We employ a multi-strategy, multi-PM model with a blend of five core strategies: Long/Short Equities, Macro, Equities Arbitrage, Growth Equity and Event & Credit. We value the insights that emerge from collaboration across all of our strategies and 75+ investment teams globally.

Equities
Macro
Equities Arbitrage
Growth Equity
Credit
Equities
Macro
Equities Arbitrage
Growth Equity
Credit
Equities

Equities

BAM's Long/Short Equity business seeks to generate alpha using a fundamental, bottom-up approach to analyzing the relative prospects of companies.

Each equity team is composed of one portfolio manager and, on average, two to six analysts, each of whom is responsible for covering a sub-set of the companies in their sector. Our teams invest across a variety of sectors and are supported by our world-class trading, execution, research and technology teams.

Equity portfolios are constructed in accordance with BAM’s risk framework, which seeks to minimize market and factor impact.

Anthem, our Portfolio Manager Development program, seeks to identify and develop the future leaders in finance. Participants are given the tools and guidance to grow into industry-leading portfolio managers at BAM.

Our Unique Edge:

  1. Culture of Collaboration:

    We believe that open and engaged dialogue between teams leads to the best decision making.

  2. Risk Management and Capital Allocation:

    Robust tools measure crowding and factor risks, while minimum risk bands drive consistent risk taking.

  3. Monetization of Data and Technology:

    Best in class tools to evaluate data and maximize return potential.

Macro

Macro

BAM’s Macro teams seek to capitalize on both relative and directional opportunities across the most liquid macro markets globally. Our investment teams are active in fixed income and rates, foreign exchange, equity and commodities markets.

Our Risk Management team partners directly with our portfolio managers to provide insight and data analysis in addition to ongoing risk monitoring.

Collaboration is a critical part of our investment process. We harness the talent, expertise and insights of our global teams to identify and capture on market opportunities across geographies and asset classes.
Global Macro diagram

    Equities Arbitrage

    Equities Arbitrage

    Our Equities Arbitrage teams seek to generate alpha through merger arbitrage, index arbitrage, and SPAC investing. The investment teams employ active risk management techniques and a sophisticated research process to identify opportunities within these markets. We encourage collaboration across teams and seek to take advantage of synergies between the Equities Arbitrage & Credit Strategies.
    Equities Arbitrage diagram

      Growth Equity

      BAM Elevate

      BAM Elevate is our dedicated private investment team, focused on opportunities in high-growth private tech-enabled sectors of the economy, globally. We recognize that many of the best technology companies are staying private for longer periods, and we believe our platform’s capabilities are synergistic to these investment opportunities. We began opportunistically making private growth investments from the Atlas funds 5 years ago and have proven out our initial thesis that the strategy could positively contribute to performance while complementing our public investing and equity capital market strategies. We are confident having a dedicated, well-networked growth equity team, combined with our world-class public equity investing platform, creates tremendous synergies while generating a more diversified alpha stream for our investors.

      The BAM Elevate team is led by Jamie McGurk and JP Van Arsdale, both seasoned growth investors that align well with Balyasny’s collaborative culture and investment philosophy. Norman Chen, Benjamin O’Connor and Esther Shinn are also core members of the investment team. We are excited to have them further develop our private investing strategy.

      1. For investors

        Equity exposure to top tier private company performance during the fastest part of their growth curves. Tremendous synergies in research, diligence, and capital markets with our leading public equities and data science teams.

      2. For companies

        Our dedicated BAM Elevate private markets team are value added partners to our portfolio companies, leveraging the expertise of our 600+ investment professionals, data resources and capital markets teams. We are flexible and founder friendly, typically investing from Series B through the IPO and beyond.

      Credit

      Credit

      The Credit teams seek to generate absolute returns using an event-driven, market neutral strategy with a focus on identifying the most attractive risk-reward ideas across capital structures. Portfolio construction is constantly adjusted to market conditions, enabling our teams to extract value throughout the credit cycle.
      Credit diagram

        Perseverance and adaptability as competitive advantages.

        We navigate volatility, adapt to changing markets and generate returns in all environments.

        A responsible approach to investing.

        BAM is a leader in our industry because of the thoughtful, comprehensive and analytical approach we take to investing. We keep our clients’ interests at the forefront and are committed to generating returns by deploying capital to the best, most scalable investment ideas.

        Our teams are best-in-class, bringing diverse experiences and points of view to the table. As a performance-driven organization, we evaluate market opportunities through a variety of lenses, looking closely at factors such as management alignment, company culture, financial performance, governance, operations, economic impact and environmental risk.

        We believe in capitalism and entrepreneurial innovation as the foundation of a free and prosperous society. We also recognize that sustainability is fundamental to protecting and enhancing the world around us. Our decision-making matrix is constantly evolving and improving, ensuring that we will always bring the best opportunities to our clients today and in the future.

        BAM team presentation photo

        Committed to the highest compliance standards.

        Since our founding, BAM has operated with a deep commitment to the highest ethical and legal standards. We take seriously our leadership role, acting in the best long-term interest of our clients, our firm and the industry as a whole.

        Each member of the BAM team thinks and acts like a long-term business owner, holding ourselves and one another accountable for decisions, large and small. Our global Compliance team, led by General Counsel and Chief Compliance Officer Matthew Siclari, brings more than 100 years of collective experience to the firm. We maintain a robust compliance infrastructure with sophisticated surveillance tools and clear internal policies and procedures.

        Two employees discussing work by computers

        Excellence in risk management.

        Risk management is at the core of BAM’s investment process. Our risk framework is designed to maximize alpha generation and preserve investor capital, and our designated Risk team has a global footprint and includes specialists across various strategies, regions and asset classes. Through deep research, data analysis and highly integrated cross-team collaboration, we measure and evaluate risk at every level of the organization, capturing market opportunities while mitigating exposure. Learn more about BAM’s risk discipline.

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        Impact & Insights

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