Apr
19
Balyasny’s Tip to Hedge Funds at Crossroads: Imitate Bezos
By-
Amazon shows benefit of building ‘scalable platform,’ he says
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Peers must focus on niche strategies or diversify to survive
Amazon Chief Executive Jeff Bezos
Photographer: Peter Foley/Bloomberg
Hedge funds that want to scale up and diversify as their fees come under pressure and investors flee the $3 trillion industry should follow Amazon.com Inc.’s growth strategy, according to Balyasny Asset Management.
Dmitry Balyasny, who leads the investment firm, says the mail-order giant has crushed the competition by relentlessly investing in its business, expanding into new areas, hiring the best talent and exploiting its pricing power…
Balyasny’s Tip to Hedge Funds at Crossroads: Imitate Bezos
