Francesco Catanzariti, a new analyst at Balyasny Asset Management in New York, reflects on his first year in a volatile market. Only 0.5% of applicants get internships at Balyasny, where Catanzariti now works. The firm manages $25 billion in assets and has gained 7.8% in 2025. Catanzariti discusses his experience and growth at the hedge fund.

Starting at Balyasny as an intern in 2023, Catanzariti navigated a turbulent market characterized by tariff turmoil. He learned from senior traders on the macro trading team, observing their responses to changing market conditions. Catanzariti’s daily tasks include developing models, booking trades, and contributing to the team’s strategies during market turmoil.

Catanzariti values the growth mindset of senior traders and investors at Balyasny, learning from their adaptability and humility. He appreciates the diverse tasks he undertakes as a first-year analyst, from long-term projects to researching and presenting findings to the team. Catanzariti’s experience has deepened his interest in the macro sector and his passion for quantitative techniques.

Reflecting on his first year at Balyasny, Catanzariti highlights the firm’s investment in technology and the impact he has had on his team. He expresses increased interest in sticking with the macro sector long-term, citing the breadth of opportunities to combine macroeconomics, geopolitics, and quantitative skills. Catanzariti is enthusiastic about the industry’s potential for growth and development.

Read more at Yahoo Finance: What a 24-year-old analyst learned in his first year at $25 billion Balyasny