The Best Balyasny PM made $250m in 2024: Deep Dive into his Investment Process

Steve Schurr at Balyasny made $250m in profits in 2024 and $150m in 2023.

For context, at the large multi-managers most solid PMs will put up $30-$70m gross profits in a good year. Really good PMs might do $100m+ gross, but only a tiny handful might sometimes touch $150-$200m in a monster year. $150m and $250m two years in a row is insane. If you plotted the distribution of PM performance, Schurr’s back‑to‑back years would deserve a special place way, way out in the right tail.

Who is Steve Schurr? Most recently, Schurr was a Senior Managing Director and PM at Balyasny. He’s now headed to Millennium, where he was reportedly offered at least $100m in potential compensation.

We are taking the most comprehensive deep dive into his investment process available anywhere (and we go into a lot of detail!).

Worth revisiting for what’s to come!