Key Takeaways
- • Balyasny Asset Management promoted portfolio manager Ilan Weiss to global co-head of equities, elevating one of its star stock managers to co-lead the firm's largest strategy.
- • Weiss will share leadership of the equities business with founder Dmitry Balyasny, according to a memo sent to employees on Monday, October 5, 2026.
- • The memo states Weiss's team has generated the highest profits across the firm's equity teams since he became a portfolio manager.
Summary
Balyasny Asset Management has promoted Ilan Weiss to global co-head of equities, according to Bloomberg. The hedge fund firm elevated Weiss to lead its largest strategy alongside founder Dmitry Balyasny, as announced in a memo sent to employees on Monday.
According to the memo, Weiss's team has produced the highest profits across all of the firm's equity teams since he became a portfolio manager. The promotion reflects the firm's recognition of Weiss as one of its leading stock managers and places him in a senior leadership role over the equities business.
The Bloomberg report is based on the internal memo and does not include additional financial figures such as fund performance returns or assets under management for Weiss's team. The move signals a continued emphasis on equities within the Balyasny platform, which remains one of the largest multi-strategy hedge fund firms.
According to the memo, Weiss's team has produced the highest profits across all of the firm's equity teams since he became a portfolio manager. The promotion reflects the firm's recognition of Weiss as one of its leading stock managers and places him in a senior leadership role over the equities business.
The Bloomberg report is based on the internal memo and does not include additional financial figures such as fund performance returns or assets under management for Weiss's team. The move signals a continued emphasis on equities within the Balyasny platform, which remains one of the largest multi-strategy hedge fund firms.
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