Balyasny Is Building Physical Natural Gas and Power Business in Europe
- Firm has hired Kristian Junker to oversee expansion efforts
- Asia has added natural gas, power and metals traders as well
The hedge fund plans to be actively trading and expanding in the space over the next 18 to 24 months.
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Balyasny Asset Management is setting up a unit to trade physical natural gas and power in Denmark in a bid to generate more profit from its growing commodities business, people familiar with the matter said.
The firm is still building out the portfolio and systems and registering itself as a counterparty to allow it to trade with entities including Transmission System Operators, one of the people said. The hedge fund plans to be actively trading and expanding in the space over the next 18 to 24 months, one of the people said.