BAM buys Golar slice

Chicago hedge fund magnate Dmitry Balyasny has taken a significant holding in John Fredriksen’s Golar LNG.

Balyasny has amassed a stake in the Nasdaq-listed owner worth north of $280m which is controlled by Balyasny Asset Management and a number of his other funds.

The 4,695,374 Golar shares collectively held by the funds give Balyasny a 5.12% slice of the shipowner, which last week completed a $700m equity issue.

Balyasny, formerly an investor in Baltic Trading, today holds shares in companies ranging from Scorpio Bulkers and Ardmore Shipping to Harley Davidson, Apple and Facebook.

Fredriksen held around half of Golar’s shares according to its last annual report, with Steinberg Asset Management owning 6.3%.