I then had one more slightly longer phone interview, followed by a final interview in New York. Second round repeated the first, with interviews with MDs and finally an interview with an SMD. Have an interview at a shared service Blackstone Portco tomorrow. Mr. Sullens oversees portfolio management for all of BAAMs multi-manager programs. Index data is obtained from unaffiliated third parties and is subject to subsequent adjustments. Asked in depth questions on the resume. For a discussion of this and other conflicts, please see the Additional Disclosure section at the end of this document. 1. Beta: A measure of the volatility, or systemic risk, of a security or a portfolio in comparison to the market as a whole. What is the interview process like at The Blackstone Group? Tempora aut velit sed eum molestias repudiandae. BAMSF Information Statement DEF 14C (01.13.2023), BAMSF Information Statement DEF 14C (5.23.2022), BAMSF Information Statement DEF 14C (2.25.2022), Blackstone Securities Partners L.P., Dealer Manager / Member, I AM NOT A US PERSON, TAKE ME TO BLACKSTONE.COM, North America, Western Europe, and Australia. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. Allocations may change at any time without notice. Types of questions? Opens the Fishbowl by Glassdoor site in a new window, Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3), The Ultimate Job Interview Preparation Guide. Know your resume inside and out, otherwise you will get stumped. Questions were a mix of technical and fit. The strategy relies solely on quantitative analysis to build signals that aretranslated to financial instrument orders. This employer has not claimed their Employer Profile and is missing out on connecting with our community. Salary level, culture, etc. Kept digging and asking more and more questions about what I did there. One is for their Alternative Asset Management Group (BAAM - hedge fund solutions) and the other is for Real Estate Debt Strategies (BREDS). Omnis et sequi consequatur. I don't have any real finance experience and can't "talk the talk." Anyone had this interview who could give me some advice? Have an interview at a shared service Blackstone Portco tomorrow. Third with higher management. Sage Rock applies a discretionary overlay to eliminate some SPACs and trade SPAC units, common stock and warrants based on, among other things, expected internal rate of return, richness/cheapness, and evaluation of the SPAC sponsors. Endeavour is an equity market neutral manager that invests across the financial services sector, with a style that combines bottom-up fundamental research with perspective on the macroeconomic, regulatory, and financial conditions that impact the industry. Alpha: A risk-adjusted performance measure that represents the average return on a portfolio over and above that predicted by the capital asset pricing model (CAPM), given the portfolios beta and the average market return. Derivatives can be subject to counterparty credit risk and may entail investment exposure greater than their notional amount. Blackstone Alternative Asset Management (BAAM), Blackstone's Hedge Fund Solutions platform, is the world's largest discretionary investor in hedge funds, with approximately $80 billion in assets under management. We harness the power of BAAMs scale, managerrelationships and investment expertise to democratize access to differentiated exposures. An investment in the Fund should be considered a speculative investment that entails substantial risks; you may lose part or all of your investment or your investment may not perform as well as other similar investments. Is this idea stupid / large risk with small reward? I might be able to shed some color for REDS, NYC office. All investors should consider the investment objectives, risks, charges and expenses of BXMIX, Class I carefully before investing. Glossary of Indices: Market indices obtained through Bloomberg, HFR Asset Management, MSCI and Morngingstar, as applicable. Have obviously prepped and done my research but any further input would be much appreciated. Can't go wrong with the opportunity. what are the interviews like for Blackstone Alternative Asset Management? Blackstone is the world's largest alternative asset manager. Salary level, culture, etc. This was not necessary in my interview but I've found that always helps. Sage Rock is an event driven manager with a focus on special situations investing. The strategy for the Fund seeks to generate alpha by identifying mis-pricingsthat arise from the markets high level of retail investor participation (behavioral biases) and arbitrage opportunities created by regulatory frictions. Any insight would be appreciated. BRESSAs investment strategy for the Fund primarily focuses on credit-oriented, liquid high-yield real estate investments including CMBS, RMBS, corporate debt, CDOs, CLOs, CMBX and REITs and seeks to identify relative value opportunities between asset classes. Online asynchronous interview where you are given a question and are then expected to record your response. Capability to work 60 Hours as Intern? This case explores reasons for Blackstone Alternative Asset Management's (BAAM's) growth from 2007-2013, a time when the overall fund of hedge funds industry contracted substantially. I'm assuming they will be mostly fit but I've heard they sometimes throw in technicals depending on the group. I interned at a BB IBD last summer and this definitely seems interesting to me. Salary level, culture, etc. opportunistic credit investing, for nearly 8 years. Diversification does not ensure a profit or guarantee against loss. BAIA manages a portion of the Funds assets directly. Blackstone Group Interviews Blackstone Group Interview Questions 171 total interview insight submissions Interview Experience (91%) 3.6 Very Negative Negative Neutral Positive Very Positive Interview Difficulty (99%) 3.3 Very Easy Easy Average Difficult Very Difficult % Interns - FT Offers (88%) 54% 0% 20% 40% 60% 80% 100% 10% 30% 50% 70% 90% I applied online. Blackstone paid out $4.40 in dividends to shareholders during 2022, which meant $1.02 billion for Mr. Schwarzman, who owns roughly 19% of the firm he co-founded. Sorry, you need to login or sign up in order to vote. Glassdoor users rated their interview experience at. Conflicts of Interest: Blackstone and the Sub-Advisers have conflicts of interest that could interfere with their management of the Fund. I interviewed at The Blackstone Group. Land More Interviews | Detailed Bullet Edits | Proven Process, Land More Offers | 1,000+ Mentors | Global Team, Map Your Path | 1,000+ Mentors | Global Team, For Employers | Flat Fee or Commission Available, Build Your CV | Earn Free Courses | Join the WSO Team | Remote/Flex. Two fit interviews. Otherwise, we will assume you're OK to continue. Short positions can also generate returns when the price of a security declines. Joe Dowling, Blackstone Global Co-Head and Chief Investment Officer of BAAM, said: " Blackstone is the leader in the hedge fund allocation space. For a discussion of this and other conflicts, please see the Additional Disclosure section at the end of this document. Nephila has the ability to identify both long and short opportunities (writing and buying reinsurance) to create a balanced portfolio with an attractive risk/reward profile across geographies. Candidates interviewing for Financial Analyst and Business Manager rated their interviews as the hardest, whereas interviews for Risk Analyst and Investor Relations roles were rated as the easiest. What is the probability that one appears before the other? - Some interviews were with multiple people. Press question mark to learn the rest of the keyboard shortcuts. Glassdoor has millions of jobs plus salary information, company reviews, and interview questions from people on the inside making it easy to find a job thats right for you. The prospectus and the summary prospectus contain this and other information about BXMIX and are available on BXMIXs website at www.bxmix.com. The strategys objective is to produce, across a variety of market conditions, attractive long-term risk-adjusted returns with moderate beta to the S&P 500 and various other major asset classes. Previously, Mr. Sullens served as Manager of Alternative Investments for The Walt Disney Company, where he directed the companys alternative investment program, including investments in private equity, real estate, venture capital and hedge funds. Performance data quoted represents past performance and is no guarantee of future results. Ian Morris is a Senior Managing Director of the Hedge Fund Solutions Group. Common stages of the interview process at The Blackstone Group according to 34 Glassdoor interviews include: Glassdoor has millions of jobs plus salary information, company reviews, and interview questions from people on the inside making it easy to find a job thats right for you. Position: Fund Accounting Associate, Blackstone Alternative Asset Management (BAAM) DT<br>Blackstone is the world's largest alternative asset manager. I applied through college or university. Some of the technicals were difficult, but the interviewers were very patient and mostly looked at your approach to the problem. After comparing the potential risk/reward of various credit outcomes on the entire corporate capital structure, Caspian seeks to implement favorable risk/reward strategies on a credit by credit basis, which could be expressed as stressed/distressed long, valueshort,or intra-capital structure long/short positions. The strategy for the Fund seeks to generate alpha by taking advantage of mispricing across regional markets prone to dislocations. HealthCor is a long/short equity manager primarily focused on the Biotech, Pharma, Medtech, and Services sub-sectors of Healthcare. He also served as Chief Investment Officer of the Kovner Foundation. Prior to joining Blackstone in 2022, Mr. Abrahams served as Chief Strategist and Head of Quantitative Investing at Maverick Capital, a global long/short equity fund. H/W/S? Accusamus dicta et repellendus ut. Does Blackstone provide WLB for working mom? After that I was invited an interview at their office - they said to expect 2 hours but ended up being there for almost 5 hours. Do you think hedge fund will generate lower or higher returns in the future, and why do you think so? Length? The S&P is a float-weighted index, meaning company market capitalizations are adjusted by the number of shares available for public trading. Diversification does not ensure a profit or guarantee against loss. Tired of getting emails on Fridays that ruin my weekend. Prior to that, Mr. Morris was a Global Economist with HSBC in London for three years and in Melbourne for two years. Jobs; . A huge focus on FX hedging and managing the portfolio of short term investments. BRESSA, a wholly-owned subsidiary of The Blackstone Group L.P. and an affiliate of BAIA, is an investment adviser within the Blackstone Real Estate Debt Strategies group (BREDS). Initial meeting with the hiring manager, followed by a long interview to meet many members of the team. Basically their treasury team regularly issues debt to make their commercial paper more liquid to make it easier for them to borrow. In order to access these materials, you must confirm that you are a United States Person: This page is not an offer to sell the Funds securities and is not soliciting an offer to buy the Funds securities. Seiga performs fundamental bottom-up research focusing on market inefficiencies and idiosyncratic ideas. In sourcing ideas for the strategy, the manager leverages the experience, deep team and infrastructure of the broader Bayview firm in sourcing, purchasing, special servicing and divesting whole loans. Blackstone's fund-of-funds portfolio, BAAM. He is primarily focused on multi-strategy, event, arbitrage and reinsurance strategies. I felt like everyone was very open, energetic, and had only good things to say about working there. Should I renege my SS ER FT offer for this opportunity? Net Exposure: This is the difference between long and short investment positions in relation to the net asset value. both in person and virtual. You should also brush up on your technical knowledge of the position you're applying for. I had a phone interview first that took 30 minutes and was mostly fit. Thanks! While the long book is expected to be the primary driver of alpha over time, the short side of the portfolio is positioned to be accretive to overall performance as well. I have this Blackstone interview tomorrow, its only 15 minutes but Im pretty nervous. (You will have to repeat this to 5 people, which is overwhelming and ridiculous at any place to interview), Opens the Fishbowl by Glassdoor site in a new window. Can't go wrong with the opportunity. BX LCS, a wholly-owned subsidiary of The Blackstone Group Inc. and an affiliate of BAIA, is an investment adviser within Blackstones global credit investment platform, Blackstone Credit (BXC). I felt like everyone was very open, energetic, and had only good things to say about working there. Bayforest is a multi-asset quantitative research firm thatcombines real-time statistical inference analytics with deep market expertise. Prior to that, Mr. Jaffe was an Associate at Ziff Brothers Investments, a multi-asset family office, where he worked in the risk and performance analytics group. - Lots of interview rounds. Market Risk and Selection Risk One or more markets may go down in value, possibly sharply and unpredictably, affecting the values of individual securities held by the Fund. Indices are provided for illustrative purposes only. Max Jaffe is a Principal of the Hedge Fund Solutions Group (BAAM) where he serves as a portfolio manager for BAAMs registered funds platform. (1) BAIA is the Funds Investment Manager and manages a portion of the Funds assets directly. Worlds largest discretionary investor in hedge funds1 with $80 billion in AUM2, Large investment team with experience across all of the key investment strategies, Disciplined investment and operational due diligence; proprietary risk management and technology, Deep, differentiated relationships with hedge fund talent. Mortgage- and Asset-Backed Securities Risk involves credit, interest rate, prepayment and extension risk, as well as the risk of default of the underlying mortgage or asset, particularly during times of economic downturn. There can be no assurance the Fund will achieve its objectives or avoid significant losses. Subject to Blackstones information walls and confidentiality and fiduciary obligations. 1. I need to write another sentence to meet the word limit. AUM as of December 31, 2022. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file, Blackstone First Round Interview (BAAM and BREDS) - Advise, Large Multi-Family Offices vs. Large Long-Only Firms. Debt Securities Risk investments in bonds and certain asset-backed securities are subject to risks, including but not limit to, the credit risk of the issuer of the security, the risk that the issuer undergoes a restructuring or a similar event, the risk that inflation decreases the value of assets or income from the investments, and the risk that interest rates changes adversely impact the debt investments. An investment in the Fund should be considered a speculative investment that entails substantial risks; you may lose part or all of your investment or your investment may not perform as well as other investments. The Sub-Advisers investment strategy for the Fund predominantly invests in sovereign & quasi-sovereign cash bonds, liquid corporates, single-name CDS, CDX indices and associated liquid hedge instruments. Interview is a hassle, re explaining yourself several times. In addition, Emso endeavors to reduce risk and enhance returns by opportunistically hedging the credit, interest rate, currency and other risks related to investing principally in emerging markets. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Check the background of this firm on FINRAs BrokerCheck. I interviewed at The Blackstone Group (New York, NY) in Jun 2014. Was told and convinced I was qualified for the position several times, human resources had never even contacted me to give me the outcome of the interview and tell me I hadn't been chosen. (3) Representing active underlying managers as of 6/30/2021. has a good work life balance? The strategy seeks to generate alpha by taking advantage of mispricing in less efficient, and liquid sovereign bond markets. Great experience. All investors should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. Great experience. I interviewed at The Blackstone Group (New York, NY) in Jan 2015. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Superday is good. The Waterfall team performs intensive cash flow stress testing and due diligence on distressed situations. The strategy involves investing in equity securities of companies that are the targets of merger transactions in an effort to capture the difference in the value of the target company and its price in the marketplace. I went to a semi-target and didn't see anything ever posted. After that I was invited an interview at their office - they said to expect 2 hours but ended up being there for almost 5 hours. There can be no assurances that any of the trends described herein will continue or will not reverse. Questions are easy to follow and answer. basic describe your background and why you should work here questions. The following is a summary description of certain additional principal risks of investing in the Fund: Allocation Risk Blackstones judgment about the attractiveness, value or market trends affecting a particular asset class, investment style, sub-adviser or security may be incorrect and this may have a negative impact upon performance. Interviews at The Blackstone Group Experience Positive 55% Negative 15% Neutral 30% Getting an Interview Applied online 39% Campus Recruiting 27% Recruiter 15% Difficulty 3.1 Average Hard Average Easy Interviews for Top Jobs at The Blackstone Group Analyst (54) Summer Analyst (46) Software Engineer (21) Intern (21) See more interviews for top jobs Large Purchase or Redemption Risk large redemption or purchase activity could have adverse effects on performance to the extent that the Fund incurs additional costs or is required to sell securities, invest cash, or hold a relatively large amount of cash at times when it would not otherwise do so. 2005-2023 Wall Street Oasis. I interviewed at The Blackstone Group (Singapore) in Feb 2023. The strategy benefits from the portfolio managers trading acumen, active risk management techniques and the combined experience of the Sub-Advisers dedicated investment team. (1) Sub-Adviser is not currently managing any Fund assets. The revenue generated for BSAA related to the Funds investment with a SAF Manager is rebated to the Fund. Morningstar Multistrategy Category: Represents the average performance of mutual funds categorized as multistrategy funds by Morningstar, Inc. The strategy benefits from Seigas investment management experience in Asia markets and Seigas ability to leverage its extensive local network of information and relationships. Barclays Global Aggregate Bond Index TR: Flagship measure of global investment grade debt from twenty-four local currency markets. Standard Deviation:A measure of the dispersion of a set of data from its mean. Want Access to these Blackstone Group Interview Insights? WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file, 101 Investment Banking Interview Questions, Free 1 month access by adding just 1 salary datapoint, REAL salary bonus data across 1,000+ companies, Plus free 1 month access to 10,000+ interview insights. Glassdoor users rated their interview experience at The Blackstone Group as 47.1% positive with a difficulty rating score of 3.26 out of 5 (where 5 is the highest level of difficulty). Investment positions in relation to the Fund Inc. `` Glassdoor '' and logo registered... Ny ) in Jun 2014 achieve its objectives or avoid significant losses morningstar Multistrategy Category: represents the average of..., Medtech, and why you should work here questions out on connecting with our community REDS, office! I might be able to shed some color for REDS, NYC office Fund carefully investing. To me position you 're applying for 're applying for Pharma,,. Regional markets prone to dislocations given a question and are available on BXMIXs website at www.bxmix.com SS ER FT for... Jan 2015 basic describe your background and why do you think Hedge Fund Solutions.... With a SAF manager is rebated to the net Asset value for BSAA related to the Funds investment manager manages. Any of the Sub-Advisers have conflicts of Interest that could interfere with their of. And due diligence on distressed situations i carefully before investing guarantee of future results intensive cash stress... Employer Profile and is missing out on connecting with our community benefits from Seigas investment management experience in markets! Had a phone interview first that took 30 minutes and was mostly fit but i 've found that always.... Risk and may entail investment exposure greater than their notional amount by taking advantage mispricing! Is rebated to the net Asset value company market capitalizations are adjusted the. That always helps and expenses of BXMIX, Class i carefully before investing higher returns in the,! Need to login or sign up in order to vote equity manager primarily focused on Group... Active underlying managers as of 6/30/2021 a final interview in New York i might able. 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To generate alpha by taking advantage of mispricing in less efficient, and had only good things to about. With small reward and managing the portfolio of short term investments 1 ) is...
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