(Reuters) Hedge fund Balyasny Asset Management (BAM) is closing a $250 million “discretionary” portfolio run by Torbjorn Andreassen who is leaving the firm, a source told Reuters on Thursday.
BAM manages a total of $12 billion, primarily in its Atlas Global fund, and allocates some of this cash to teams of underlying portfolio managers such as Andreassen, who had been with the hedge fund in London for almost two years.
