Balyasny AM's CDO: Going Quantamental with Alternative Data

If becoming “quantamental” were easy, every shop would be doing it, said Carson Boneck, chief data officer (CDO) at Balyasny Asset Management. But melding algo-based investing techniques with the fundamental methods of discretionary investors requires a lot of investment in data and technology, and a major culture shift.

Multi-strategy hedge funds like Balyasny are seeing the value in taking a more hybrid approach, particularly as firms try to find competitive advantages in vast, unstructured