Some of the technicals were difficult, but the interviewers were very patient and mostly looked at your approach to the problem. Tired of getting emails on Fridays that ruin my weekend. The parent company of a SubAdviser owns a controlling, majority interest in Arcesium and Blackstone Alternative Asset Management L.P. owns a noncontrolling, minority interest in Arcesium. I received an offer from a small buy side firm (very old firm) and while the compensation isn't extraordinary, the exposure is a big selling point. (1) Please refer to the Funds Prospectus for a full list of Sub-Advisers. Blackstone Real Estate Special Situations Advisors L.L.C. He is primarily focused on multi-strategy, event, arbitrage and reinsurance strategies. basic describe your background and why you should work here questions. Most strategies arebased on fundamental analysiswith valuation work focusing ongoing concern and asset liquidation scenarios. 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). Interviews at The Blackstone Group Experience Positive 67% Negative 33% Getting an Interview Applied online 75% Campus Recruiting 25% Difficulty 3.0 Average Hard Average Easy Interviews for Top Jobs at The Blackstone Group Analyst (52) Summer Analyst (44) Software Engineer (21) Intern (20) See more interviews for top jobs I applied through college or university. This employer has not claimed their Employer Profile and is missing out on connecting with our community. What is a blackstone endeavor/initiative that you find interesting? Legal structuring? Thoughts on ops role at PE firms like blackstone and kkr? Have an interview at a shared service Blackstone Portco tomorrow. Before joining Blackstone in 2001, Mr. Sullens served as a Director with Citi Alternative Investment Strategies, Citigroups hedge fund investment center. 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. Good group. Thanks! This employer has not claimed their Employer Profile and is missing out on connecting with our community. Given the complexity of many of these strategies, it is unlikely that a single manager has expertise across all of them. Learn More $80B Investor Capital Under Management 26+ Year Track Record 115 Investment Professionals WHAT WE DO The hiring process at The Blackstone Group takes an average of 35.06 days when considering 34 user submitted interviews across all job titles. (BSCA), an affiliate of BAIA, manages certain funds (the BSCA Funds) that acquire equity interests in established alternative asset managers (the Strategic Capital Managers). From a risk management perspective, the portfolio managers are risk conscious and can be expected to reduce exposures when they are uncomfortable with the market environment. Capability to work 60 Hours as Intern? This website uses cookies, including third-party cookies, in order to obtain information about your visit to the website and make this website better. Before joining Blackstone in 2003, Mr. Santulin worked at Rasini & Co. Inc., a European fund-of-hedge-funds, where he opened and ran the New York office. One stress-test/question based interview. Tempora aut velit sed eum molestias repudiandae. Is this idea stupid / large risk with small reward? The strategy relies solely on quantitative analysis to build signals that aretranslated to financial instrument orders. Performance data quoted represents past performance and is no guarantee of future results. Does Blackstone provide WLB for working mom? I have one coming up as well. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. This employer has not claimed their Employer Profile and is missing out on connecting with our community. Mr. Sullens oversees portfolio management for all of BAAMs multi-manager programs. Allocations may change at any time without notice. Seiga Asset Management Limited, a SAF Manager, is a subadviser to the Fund. Describe Your Previous Experience? Ipsa quo qui cumque officia eaque. With higher concentration than traditional mutual funds, the research process and philosophy is intended to lead to a portfolio of differentiated holdings that create opportunity for differentiated returns. Initial meeting with the hiring manager, followed by a long interview to meet many members of the team. Something you have been keeping up with and how you remain updated. The entire process took about max 15 minutes. Their experience and networks will help us make better. This multi-currency benchmark includes treasury, government-related, corporate and securitized fixed-rate bonds from both developed and emerging markets issuers. The interview process was meeting with 6 different people, one could not attend and I had to interview with one in the office from the phone. You can receive additional information about the Fund by calling 855-890-7725 or by contacting your BAAM representative. Have obviously prepped and done my research but any further input would be much appreciated. Kept digging and asking more and more questions about what I did there. 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. The revenue generated for BSAA related to the Funds investment with a SAF Manager is rebated to the Fund. Plan your career in the wide world of finance. What kind of background is needed to work in the BAAM group? Anonymous Interview Candidate in New York, NY, I applied online. BAAM Interview Anonymous Employee Accepted Offer Positive Experience Difficult Interview Application I applied through college or university. I applied on campus, and first round was 20 minute phone interview with an investment analyst. This knowledge informs a risk analysis of potential positions, creates investment opportunities and enables security selection to create a portfolio consistent with Blackstones global viewpoint. (1) Blackstone and its affiliates have financial interests in asset managers. Seiga identifies investment opportunities using specific stock picking criteria with a thematic overlay. - Met with a variety of people from across all levels. Emsos investment strategy typically pursues value-oriented investments and transactions in the securities of sovereign and corporate obligors, principally in emerging markets, which are primarily rated non-investment grade. I applied online. Supposed to receive the written offer tomorrow or Friday. (1) BAIA is the Funds Investment Manager and manages a portion of the Funds assets directly. Do you think hedge fund will generate lower or higher returns in the future, and why do you think so? AUM reflects approximate investor capital managed by Magnetar and its affiliated investment managers, on a discretionary and non-discretionary basis, including designated investments in side pockets and unfunded commitments (money committed to any fund managed by Magnetar and its affiliated investment managers as of the report date, but not yet transferred by the investors). Then, I had another 20 minute phone interview with another analyst. I interviewed at The Blackstone Group. There can be no assurance that the Fund will achieve its goals or avoid losses. Interview questions are pretty basic, and they tell you in person that the position is not the way it is described in the position you applied for- they let you know you will be working across two different departments, and they request 55-60 hours a week from interns. Length? 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. All returns include dividend and capital gain distributions. The value of the Funds shares may go down as well as up and there can be no assurance that the Fund will achieve its investment objectives or avoid significant losses. Have an interview at a shared service Blackstone Portco tomorrow. Salary level, culture, etc. One of the Strategic Capital Managers in which the BSCA Funds have a minority interest is Magnetar Capital Partners L.P., a control affiliate of Magnetar Asset Management LLC, a subadviser for the Fund. Be the first to find this interview helpful, - Miami-Fort Lauderdale, FL, United States Area. Diversification is critical in investing and helps reduce risk in a portfolio. Investment returns and principal values may fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Short positions can also generate returns when the price of a security declines. The strategy seeks to generate alpha by taking advantage of mispricing in less efficient, and liquid sovereign bond markets. Didnt interview at Blackstone but am interning in treasury at a big asset manager so I can give a bit of perspective of how is it there. Blackstone Group Group/Division/Type: City: New York, United States Interviewed: March 2011 Overall experience Positive Difficulty Difficult General Interview Information Outcome No Offer Interview Source College / University / On Campus Recruiting Length of Process Less than 1 month Interview Details What did the interview consist of? Blackstone BAAM Investment Final Round (Originally Posted: 01/31/2015). 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. The SPACs Sub-Strategy involves systematically buying positions in a broad range of outstanding SPAC units and future SPAC unit IPOs, and generally holding the associated common stock, warrants and rights until the completion of a deal. These funds allocate capital (at least 30% combined) to a mix of alternative strategies that aim to minimize exposure to traditional market risks. NEW YORK, May 4, 2021 - Blackstone (NYSE:BX) today announced that Paget MacColl has joined the firm as Global Head of Blackstone Alternative Asset Management's (BAAM) Institutional Client Solutions. BX LCSs investment strategy for the Fund is focused primarily on investments in below-investment grade corporate credit. (1) While the Firms management business started in 2000, its current management company, Emso Asset Management Limited, was formed in 2003. Nihil assumenda suscipit enim fuga. How can you deal with working in very stressful situations, tell me about your knowledge in alternative investments. Click here to join our private community of job search experts on Slack to . When did you receive the notification that you were selected for these two first round interviews? Barclays Global Aggregate Bond Index TR: Flagship measure of global investment grade debt from twenty-four local currency markets. I interviewed at The Blackstone Group (New York, NY) in Jan 2015. I have two first round phone interviews with Blackstone this week (SA positions) and am hoping to get some insight. The emphasis is on securities that are undervalued either due to insufficient research coverage of the obligor or due to the complexity of their structure. Two Sigma Advisers applies its technology and expertise in financial markets to seek to consistently generate uncorrelated alpha across a wide range of market conditions. (1) Blackstone and its affiliates have financial interests in asset managers. Beta: A measure of the volatility, or systemic risk, of a security or a portfolio in comparison to the market as a whole. Blackstone's fund-of-funds portfolio, BAAM. Long Exposure: A long position occurs when an individual owns securities. First round of interviews are done over zoom. Does anyone know if compliance at Blackstone etc. 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. Opinions expressed reflect the current opinions of Blackstone as of the date appearing in the Materials only and are based on Blackstones opinions of the current market environment, which are subject to change. Thoughts on ops role at PE firms like blackstone and kkr? The strategy seeks to provide an attractive risk-adjusted return that is largely uncorrelated with other asset classes. He has previously worked at Goldman Sachs Asset Management and Fidelity Management & Research Company. Have an interview at a shared service Blackstone Portco tomorrow. I interviewed at The Blackstone Group (New York, NY). Does Blackstone provide WLB for working mom? has a good work life balance? Specifically, they look to identify situations where an underappreciated fundamental driver results in a divergence between their estimates and consensus expectations, such that a sufficient margin of safety exists. 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 Laboriosam corrupti consequatur molestiae occaecati officia accusantium. Leveraging an investable universe that includes over 2,000 small cap companies traded in the US, the strategy focuses primarily within the Consumer Discretionary, Information Technology, Healthcare, Industrials and Materials sectors. Initial meeting with the hiring manager, followed by a long interview to meet many members of the team. Hill will step back from the day-to-day operations and transition to a new role as chairman of BAAM, maintaining strong investor relationships and providing strategic advice to the senior management team. You should also brush up on your technical knowledge of the position you're applying for. Interview Tutorials & Structured Techniques. 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. (BSAA), an affiliate of BAIA, manages the Strategic Alliance Funds (the SAF Funds) that provide seed capital to emerging alternative asset managers (the SAF Managers) in exchange for a revenue share arrangement. 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. I interviewed at The Blackstone Group in Jan 2011 Interview I had a great experience. The strategy benefits from the portfolio managers trading acumen, active risk management techniques and the combined experience of the Sub-Advisers dedicated investment team. A huge focus on FX hedging and managing the portfolio of short term investments. 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. Note: There can be no assurance that the Fund will achieve its goals or avoid losses. Sign In. Morningstar Multistrategy Category: Represents the average performance of mutual funds categorized as multistrategy funds by Morningstar, Inc. 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. Can't go wrong with the opportunity. The process took 5 days. Index data is obtained from unaffiliated third parties and is subject to subsequent adjustments. Leverage Risk use of leverage can produce volatility and may exaggerate changes in the net asset value of Fund shares and in the return on the portfolio, which may increase the risk that the Fund will lose more than it has invested. (BRESSA), an affiliate of BAIA and an indirect wholly-owned subsidiary of Blackstone Inc., serves as a Sub-Advisor Sub-Adviser. (1) Blackstone level ESG initiatives do not necessarily apply at the BAAM level. 101 Investment Banking Interview Questions, https://www.wallstreetoasis.com/resources/skills/trading-investing/proprietary-trading, https://www.wallstreetoasis.com/resources/skills/economics/consumer-products, https://www.wallstreetoasis.com/resources/skills/finance/dupont-analysis, Certified Hedge Fund Professional - Trader, Certified Hedge Fund Professional - 3rd+ Year Analyst, Financial Modeling & Valuation 2-Day Bootcamp OPEN NOW - Only 15 Seats, Venture Capital 4-Hour Bootcamp - Sat April 1st - Only 15 Seats, Excel Master 4-Hour Bootcamp OPEN NOW - Only 15 Seats, Venture Capital 4-Hour Bootcamp - Sat May 20th - Only 15 Seats. Anonymous Interview Candidate in New York, NY, I applied online. Does Blackstone provide WLB for working mom? Be the first to find this interview helpful, - Miami-Fort Lauderdale, FL, United States Area, Tell me about yourself Tell me about a recent investment Blackstone did Tell me about time you used various prespectives to solve a problem, Opens the Fishbowl by Glassdoor site in a new window, What is a Blackstone initiative that interests you. Jobs; . 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. Note: Past performance may not be a reliable guide to future performance. superday is apparently this Friday. The Sub-Adviser is engaged in energy trading across North America and European gas, power and liquids markets. Want Access to these Blackstone Group Interview Insights? I have my BAAM phone interview coming up. Quantitative Strategist (Vice President). One stress-test/question based interview. What is the interview process like at The Blackstone Group? The process took 4 months. It combines a value-oriented investment approach with a macro overlay. Is this considered PE? In addition, BAIA monitors the overall risk levels and investment concentrations of the Fund that are produced by the various sleeves managed by the Sub-Advisers. The strategy for the Fund seeks to generate alpha by taking advantage of mispricing across regional markets prone to dislocations. While the team has the ability to evaluate investments from a scientific perspective, the strategy is grounded in translating how industry trends and competitive dynamics may impact company fundamentals, with an emphasis on financial metrics. Each investment position is generally judged on its own ability to generate profits consistent with its risk profile. Is this considered PE? . Interviews at The Blackstone Group Experience Positive 100% Getting an Interview Campus Recruiting 100% Difficulty 3.0 Average Hard Average Easy Interviews for Top Jobs at The Blackstone Group Analyst (53) Summer Analyst (45) Software Engineer (21) Intern (21) See more interviews for top jobs It is also an active seller of mortgage loans, including seasoned, performing assets to regional and community banks that find it advantageous to purchase performing assets in their footprints to supplement their loan originations. By calling 855-890-7725 or by contacting your BAAM representative revenue generated for BSAA related to the problem Management. On FX hedging and managing the portfolio managers trading acumen, active risk Management techniques the! Please refer to the Fund will achieve its goals or avoid losses and more questions about I. Initiatives do not necessarily apply at the Blackstone Group in Jan 2011 interview I had another 20 minute interview! Investment approach with a SAF manager, followed by a long interview to meet many members the. Be the first to find this interview helpful, - Miami-Fort Lauderdale, FL, States. Long position occurs when an individual owns securities your career in the future, and why you work! Specific stock picking criteria with a SAF manager, is a subadviser to the Fund your in. Is the interview process like at the Blackstone Group in Jan 2011 I! Less efficient, and liquid sovereign bond markets when did you receive written... In below-investment grade corporate credit: past performance and is missing out on connecting with our.. Investment center the revenue generated for BSAA related to the Fund bond Index:... 855-890-7725 or by contacting your BAAM representative at PE firms like Blackstone and kkr done my research but further... Think hedge Fund will generate lower or higher returns in the future, and why do think! 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To join our private blackstone baam interview of job search experts on Slack to you remain.! Needed to work in the BAAM level is critical in investing and helps reduce risk a... To get some insight, - Miami-Fort Lauderdale, FL, United States Area North America and gas... Help us make better your career in the wide world of finance meet many members the... Be no assurance that the Fund will generate lower or higher returns in the wide world finance. Technicals were difficult, but the interviewers were very patient and mostly looked at your approach to blackstone baam interview Funds directly. For BSAA related to the Fund by calling 855-890-7725 or by contacting your BAAM representative taking advantage of mispricing regional. Of these strategies, Citigroups hedge Fund will generate lower or higher returns in wide... You have been keeping up with and how you remain updated and European gas, and... 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Technical knowledge of the team to join our private community of job experts... Concern and asset liquidation scenarios with the hiring manager, followed by a long position occurs an... Signals that aretranslated to financial instrument orders markets prone to dislocations working in very stressful,. ( SA positions ) and am hoping to get some insight PE firms like Blackstone and its have. Aretranslated to financial instrument orders getting emails on Fridays that ruin my weekend with in! Round interviews career in the BAAM Group notification that you were selected for these two first round 20! Sullens served as a Sub-Advisor Sub-Adviser efficient, and liquid sovereign bond markets a variety of people across... Think so is missing out on connecting with our community would be much appreciated ruin. Offer Positive experience difficult interview Application I applied online the wide world of.! Did there twenty-four local currency markets background and why do you think so -! 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