(Reuters) Balyasny Asset Management, a Chicago-based hedge fund that shed $4 billion in assets last year and cut 20% of its staff, was back in positive territory for the first half of this year, suggesting its massive overhaul might be paying off, analysts said. In the January through June period, the firm returned 8% and cleared its high-water mark, the hurdle required to start charging performance fees again.
Balyasny Gains in First Half After Losses Prompted Reorganization in 2018
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