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Varyasny Asset Management, a multi-strategy hedge fund co-founded by Dmitry Varyasny, a relatively cheerful person, has promoted a new type of partner.
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In a memo seen by eFinancialCareers, Valyasny and co-founders Taylor O’Malley and Scott Schroeder announced the promotion of three new partners in addition to the fund’s 20 existing partners.
Two of the three, Wade Clark and Max Zaraisky, are commodity portfolio managers. Mr. Clark, who joined Valyasny from BP in 2021, is a U.S. energy portfolio manager focused on natural gas trading. He opened an office in Houston. Zaraisky, who joined the firm from SquarePoint Capital in 2021, is based in the London office and has helped develop Baryasny’s data-driven commodity trading platform.
Mr. Barjasny’s third new partner is Steve Brown, a macro portfolio manager based in Austin, Texas. Brown opened an office in Austin in 2017 and was praised by the fund’s co-founders for the way he and his team used technology to generate sharp returns.
Balyasni’s promotion to partner follows similar developments at Millennium, which added seven new partners in the UK in January, and Exodus Point, which just promoted former Citadel equity portfolio manager Yash Agarwal in London. .
Barjasny’s enthusiasm for commodity investing comes as Citadel’s 20-person commodity trading team is said to have made $4 billion in profits last year, which means it has a bonus pool of about $600 million. It means.
Baryasny has $21 billion in assets under management. Bloomberg reported that the event-driven margin trading business suffered $100 million in losses through the end of 2023.
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Photo by Aaron Burden on Unsplash
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