Dmitry Balyasny: It’s ‘Very Hard’ to Compete With Big Multistrategy Funds

Hedge fund founder Dmitry Balyasny runs one of the world’s biggest multistrategy hedge funds, and he has a message for anyone thinking of following in his footsteps: Don’t try this at home.

“It’s a very difficult business to build and to maintain your edge in,” Balyasny said on an episode of “Bloomberg Wealth with David Rubenstein.” “The DNA of that type of firm, where in addition to just being a good investor or trader, you have to be good at people management, at recruiting, at infrastructure, risk and technology — that’s very hard to compete at today from a standing start.”