(HedgeCo.Net). In October 2025, Balyasny Asset Management (BAM) posted a monthly gain of 2.4%, bringing its year-to-date performance to approximately 12.5% — a strong result among large hedge funds. Business Insider
Why this is significant
The 2.4% monthly gain stands out in a month where the average stock-picking hedge fund returned ~1.75%. HedgeCo.Net BAM’s out-performance signals that its discretionary, multi-asset investment style — likely with exposure to the stronger sectors like healthcare and TMT — is resonating in 2025.
Strategy highlights
- With a large AUM base (~$29-30 billion), BAM’s ability to generate ~12.5% YTD demonstrates strong positioning. Business Insider
- The firm has expanded globally and extended its reach into alternative geographies and strategies, which may have helped in capturing diverse alpha.
- The result suggests that discretionary multi-strategy shops with flexibility to rotate between sectors and asset classes are currently rewarded in this market environment.
Risks & considerations
- Although 12.5% YTD is very solid, there remains the challenge of sustaining such performance if markets become less dispersive or more driven by broad momentum rather than stock-specific stories.
- As with all large funds, scalability is a constraint: finding sufficient high-conviction ideas in a ~30 billion-AUM context is harder than for smaller managers.
- Fee-value questions: with higher performance comes investor expectations; any shortfall may amplify scrutiny on fees and transparency.
Bottom line
Balyasny’s performance in October and YTD signals it is among the better-performing large hedge funds in 2025. For investors looking to commit capital, BAM’s results suggest the firm is executing well — albeit with the caveats of size, scalability and future market regime risk.