Hedge fund Balyasny picked up a new power strategist in Singapore. From Denmark
It’s a common career path for a quant to end up at a hedge fund or commodities trading house. They have the same kind of appeal - both are usually prestigious and both can be well paid. But not always.
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Alexander Dalsgaard joined Balyasny Asset Management this week as a power strategist in its Singapore office. Dalsgaard joined the firm from Danish commodities training house Danske Commodities, where he was most recently its (interim) head of APAC, and a senior quantitative analyst. He spent three and a half years at Danske across both Denmark and Singapore.
Balyasny has been pushing hard on its commodities offering in the last few years. It began a big push into its natural gas and power teams in 2024, and has picked up people from key rivals such as Macquarie and other power trading firms such as Centrica Energy Trading, which is – rather coincidentally – also based in Denmark.
Danske Commodities’ (very limited, admittedly) UK companies house indicate that it paid £62k ($83k) per head on average in 2024. That is much less than a typical commodities trading firm and much less than Balyasny, which paid average compensation of £1.5m ($2.0m) in 2024. Perhaps compensation is vastly different in Singapore. Probably not, though.
Balyasny and Alexander Dalsgaard did not respond to a request for comment on this article.
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