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☆ 'Trading too much and not investing enough': Dmitry Balyasny on why he's remade the hedge fund's equities team
▼ + stars: | 2024-12-31 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +9 min

Dmitry Balyasny and Steve Schurr, a senior portfolio manager, discussed the firm's equities rebuild. The manager wants its equities teams to focus on deep research, not short-term trading. A new 15-person internal research team with data scientists and former journalists has done 120 projects for PMs this year. Balyasny said he believes that trading alongside his employees helps him connect with potential recruits as he's in the trenches with them. He compares running an equities team to being a young company pitching a venture firm.

Persons: Dmitry Balyasny, Steve Schurr, Balyasny, Jeff Runnfeldt's, Dmitry Balyasny's, —, Jim Chanos, Schurr, Brevan Howard, Steve Cohen, Peter Goodwin, Jeff Runnfeldt, Peter Goodwin's, Marli Miller, Longaeva —, Kevin Byrne, Byrne, — Balyasny, Goodwin Organizations: titans, Citadel, Jain, New York Mets, Longaeva Partners, Getty, Millennium Locations: Chicago, Mayfair

☆ $20 billion Balyasny trims its top Asia stock-picker's book so she can focus on building the hedge fund in the region
▼ + stars: | 2024-07-11 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

Read previewBalyasny Asset Management has cut back the portfolio of its Asia equities head, but not because of poor performance. This story is available exclusively to Business Insider subscribers. Related storiesBalyasny, the $20 billion multistrategy firm based in Chicago, parted ways with its global equities head, Jeff Runnfeldt, last October. AdvertisementBalyasny, the founder, has been running the equities unit since Runnfeldt's departure, adding talent — such as Point72's Peter Goodwin — and reviewing existing books. The firm has made 5.5% through the first half of the year, Business Insider recently reported, trailing peers like Citadel, Point72, and Millennium.

Persons: —, Archana Parekh, Dmitry Balyasny, Parekh, Jeff Runnfeldt, Runnfeldt, Peter Goodwin —, Andrew O'Connor, Weiss, David Lohman, Marco Minoli, Anil Gondi, Balyasny, Stephen Schurr, She's, Will Brant, Robert Tau Organizations: Service, Management, Balyasny, Business, Fortress Investment, Citadel, Walleye, Bloomberg Locations: Asia, Chicago, Schonfeld, LMR, — Singapore, Hong Kong, Tokyo, Balyasny's Hong Kong, Point72

☆ Patrick Lyoya’s Family Sues Grand Rapids, Policeman Who Fatally Shot Him
▼ + stars: | 2022-12-08 | by ( Joseph De Avila | Jennifer Calfas | ) www.wsj.com time to read: 1 min

The family of Patrick Lyoya , a Black man who was killed during a traffic stop this spring, is suing the city of Grand Rapids, Mich., and the former police officer who shot him in the back of the head. The civil lawsuit, filed Wednesday in the U.S. District Court for the Western District of Michigan, alleges former Grand Rapids police officer Christopher Schurr violated federal law and Mr. Lyoya’s constitutional rights through use of excessive force.

[1/2] Demonstrators protest the killing of Patrick Lyoya, an unarmed Black man who was shot and killed by a Grand Rapids Police officer during a traffic stop on April 4, in Grand Rapids, Michigan, U.S., April 16, 2022. REUTERS/David 'Dee' Delgado/File PhotoDec 7 (Reuters) - The family of an African refugee who was shot and killed during a traffic stop in Grand Rapids, Michigan, has filed a civil lawsuit against the city and a former police officer charged with murdering him. The suit was filed on Wednesday in the U.S. District Court in Western Michigan, according to online records, on behalf of the family of Patrick Lyoya, a 26-year-old immigrant from the Democratic Republic of Congo. The attorneys will detail the lawsuit against Schurr and Grand Rapids, a city of less than 200,000 residents in western Michigan, at a news conference later on Wednesday. The attempted arrest unfolded after the officer stopped Lyoya over suspicions involving his license plate.

The former Michigan police officer who fatally shot Patrick Lyoya during a traffic stop in Grand Rapids in April will stand trial for the killing, a judge ruled Monday. Judge Nicholas Ayoub said enough evidence was presented in a preliminary hearing to require a jury to decide whether Christopher Schurr was justified in shooting Lyoya. These are questions of fact that the jury must decide based on the totality of the circumstances as presented by the evidence at trial,” Ayoub said in court order. The officer ended up restraining Lyoya with his knee to his back and ultimately shot him as he was facedown on the ground. Patrick Lyoya, 26, was shot and killed on April 4, after what police said was a traffic stop.

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