Stewardship Code

UK Stewardship Code Statement

Pursuant to Rule 2.2.3R of the Financial Conduct Authority’s ("FCA") Conduct of Business Sourcebook, Balyasny Europe Asset Management LLP ("BEAM") is required to disclose whether it commits to the UK Financial Reporting Council's Stewardship Code (the "Code") or explain why it does not, having consideration to its investment approach.

BEAM provides investment advisory services to private investment funds, managing investments across a number of asset classes and markets globally following a number of diversified strategies. It also does not take an activist shareholder approach. As such, while BEAM generally supports the Code and its principles, it is not appropriate to commit to it given the nature of the funds’ investment strategies.