Jobs; . Other risks include, but are not limited to: allocation risk, conflicts of interest risk, market risk and selection risk, derivatives risk, debt securities risk, equity securities risk, mortgage and asset-backed securities risk, multi-manager risk large purchase or redemption risk. This employer has not claimed their Employer Profile and is missing out on connecting with our community. 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). 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. Please note that additional details concerning the Funds performance, liquidity and asset class exposures are available upon request. Est sunt odio quasi iste. 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. 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). Have obviously prepped and done my research but any further input would be much appreciated. Standard Deviation:A measure of the dispersion of a set of data from its mean. BRESSA (i) seeks to drive returns by optimizing credit selection and relative value across liquid real estate debt-related investments, (ii) seeks yield and current income while focusing on market risk, and (iii) targets zero interest rate exposure as an alternative to traditional fixed income. Short positions can also generate returns when the price of a security declines. What should I know /ask during the interview? Had basic phone screening call with a BS recruiter with standard questions about resume and gave additional information about the position. Apertures investment strategy aims to identify and invest in enablers, beneficiaries, and targets of transformation. H/W/S? (1) Sub-Adviser is not currently managing any Fund assets. Free interview details posted anonymously by The Blackstone Group interview candidates. Jasper is an institutionally focused quantitative investment manager that aims to take advantage of the idiosyncrasies of the Chinese A-share market regulatory environment and investor participant behavior. Want Access to these Blackstone Group Interview Insights? Waterfalls general investment strategy looks to develop proprietary trading ideas through quality information or negotiated transactions sourced from its extensive network of relationships and market analysis. DESIM, a member of the D.E. Position: Fund Accounting Associate, Blackstone Alternative Asset Management (BAAM) DT<br>Blackstone is the world's largest alternative asset manager. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. Any allocation by Blackstone to a subsidiary or other affiliates (such as BRESSA) benefits The Blackstone Group Inc. and any redemption or reduction of such allocation would be detrimental to The Blackstone Group Inc., creating potential conflicts of interest in allocation decisions. Proprietary market intelligence gleaned from its commodity trading business coupled with fundamental supply and demand research unearths these potential relative value and directional mispricing opportunities. 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. A huge focus on FX hedging and managing the portfolio of short term investments. (2) Magnetar was formed in 2016 and is an affiliate of Magnetar Financial LLC, which was founded in 2005. I then had one more slightly longer phone interview, followed by a final interview in New York. Two Sigma Advisers seeks to achieve a 360 degree view of the relevant drivers of asset prices and believes its systematic approach combines, and improves upon, traditional quantitative and discretionary methods. I might be able to shed some color for REDS, NYC office. 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. David Ben-Ur is a Senior Managing Director of Blackstone and Chief Investment Officer of BAAMs Principal Solutions(BPS) and Individual Investor Solutions(IIS) businesses. (1) Blackstone and its affiliates have financial interests in asset managers. Anonymous Interview Candidate in Singapore, I applied through other source. In this role, Mr. Jaffe is actively involved in asset allocation, portfolio construction, and risk management. Before joining Blackstone in 2001, Mr. Sullens served as a Director with Citi Alternative Investment Strategies, Citigroups hedge fund investment center. Joe Dowling, Blackstone Global Head of BAAM, said:"David and Atish will be key leaders in BAAM and are excellent additions to the team. Know your resume inside and out, otherwise you will get stumped. His degree dissertation is titled Hedge Funds: Evolution and Investment Strategies. He has earned the right to use the Chartered Financial Analyst designation. He has previously worked at Goldman Sachs Asset Management and Fidelity Management & Research Company. This employer has not claimed their Employer Profile and is missing out on connecting with our community. We do this by using extraordinary people and flexible capital to help . BRESSA invests primarily in liquid, commercial and residential real estate-related debt instruments. The strategy seeks to provide an attractive risk-adjusted return that is largely uncorrelated with other asset classes. First round of interviews are done over zoom. (1) Please refer to the Funds Prospectus for a full list of Sub-Advisers. 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 Emso is an emerging markets manager focused on credit, rates and currencies. Is this considered PE? Exclusive Insight From 11+ Interviewers. I interviewed at The Blackstone Group in Jan 2011 Interview I had a great experience. Superday is good. They serve as internal bankers for when portfolio managers have excess liquidity or need to borrow money to maintain their target leverage. Does Blackstone provide WLB for working mom? Ipsa quo qui cumque officia eaque. Does Blackstone provide WLB for working mom? Is this idea stupid / large risk with small reward? Have an interview at a shared service Blackstone Portco tomorrow. I'm interviewing with Portfolio Mgmt and Client Relations. Describe in 60 seconds why you are a good fit for Blackstone. Salary level, culture, etc. Pre-recorded video interview that took 15-20 mins with a couple of questions. BAAM invests in alternative investment strategies for leading institutional investors and sophisticated individuals, seeking attractive risk-adjusted returns to meet our clients' investment goals. The process took 2 weeks. Thanks! Know your essential finance vocabulary and concepts. Also, any info regarding salary, bonus, hours, etc.? Current performance may be lower or higher than the performance data quoted. Waterfall is a specialist credit manager focused on high-yield asset-backed securities, real estate and consumer debt investments. Does anyone know if compliance at Blackstone etc. Legal structuring? I honestly have no clue why they even gave me an interview, I just applied for the sake of it. This material is not an offer to sell the Funds securities and is not soliciting an offer to buy the Funds securities. Would love to hear about BREDS. 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. More specifically, Jensens Measure is used to calculate alpha. 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. Salary level, culture, etc. Contribute to the database and get 1 month free* Full online access! Is this considered PE? Why are you looking to make the move over to BAAM? Does anyone know if compliance at Blackstone etc. Interviews at The Blackstone Group Experience Positive 55% Negative 15% Neutral 30% Getting an Interview Applied online 39% Campus Recruiting 27% Recruiter 14% 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 . Morningstar Multistrategy Category: Represents the average performance of mutual funds categorized as multistrategy funds by Morningstar, Inc. (1) Blackstone and its affiliates have financial interests in asset managers. The resulting portfolio is bucketed into five categories: credit, nominal rates, equities, inflation, and opportunistic. What is the probability that one appears before the other? Has anyone interviewed with either of these groups before and can shed some light? Do you think hedge fund will generate lower or higher returns in the future, and why do you think so? Prior to joining CAM Capital, Mr. Ben-Ur was a Partner and Co-Chief Investment Officer at Corbin Capital Partners, an independent alternative asset management firm thats specializes multi-strategy hedge fund and There can be no assurance that the Fund will achieve its goals or avoid losses. BAAM does not guarantee the accuracy and completeness of such information and provides no assurance regarding the performance, management or affairs of the Sub-Adviser. I applied on campus, and first round was 20 minute phone interview with an investment analyst. I have my BAAM phone interview coming up. (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. I felt like everyone was very open, energetic, and had only good things to say about working there. You should also brush up on your technical knowledge of the position you're applying for. Seiga is a pan-Asia fundamental long/short equity manager primarily focused on markets in Japan and China. The S&P is a float-weighted index, meaning company market capitalizations are adjusted by the number of shares available for public trading. Blackstone BAAM interview (Originally Posted: 09/27/2009). Magnetar manages a portion of the Funds assets using a risk arbitrage strategy. Was invited to come into the city to interview with the BAAM team. Sorry, you need to login or sign up in order to vote. Tired of getting emails on Fridays that ruin my weekend. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Before joining Blackstone, Mr. Sickles was a Managing Director at Deutsche Bank, where he specialized in macro / cross-asset institutional sales and was a member of the global Hedge Fund Management (HFM) team. This site and the materials herein are directed only to certain types of investors and to persons in jurisdictions where the fund is authorized for distribution. Prior to Deutsche Bank, Mr. Sickles held similar macro advisory roles for J.P. Morgan and Goldman Sachs in London, Hong Kong, and New York, and served as a Portfolio Manager for Tiger Management LLC. All investors should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. The strategy benefits from Clear Skys deep understanding of the intricate along with the regulatory, compliance, and environmental issues that are inextricably tied to the market. All investors should consider the investment objectives, risks, charges and expenses of BXMIX, Class I carefully before investing. Mr. Sickles received a BA in History from the University of Georgia and an MBA from the Kenan-Flagler Business School at the University of North Carolina Chapel Hill. Sage Rocks sub-strategy seeks to capture the embedded value of Special Purpose Acquisition Companies (SPAC) units (comprised of common stock, warrants and rights) (the SPACs Sub-Strategy). Press J to jump to the feed. S&P 500 Index: Market-capitalization-weighted index of the 500 largest U.S. publicly traded companies. HFRX Global Hedge Fund Index: Designed to be representative of the overall composition of the hedge fund universe. Can't go wrong with the opportunity. These funds allocate capital (at least 30% combined) to a mix of alternative strategies that aim to minimize exposure to traditional market risks. Supposed to receive the written offer tomorrow or Friday. I need to write another sentence to meet the word limit. He has earned the right to use the Chartered Financial Analyst designation. I had a chance to meet about 7 of the people I will be working with, all of which were really friendly and easy to talk to. - People were nice and welcoming - Very technical towards end of process. I felt like everyone was very open, energetic, and had only good things to say about working there. Capability to work 60 Hours as Intern? He is responsible for directing the manager research team in hedge fund manager selection and monitoring. Glassdoor users rated their interview experience at. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. It is comprised of all eligible hedge fund strategies falling within four principal strategies: equity hedge, event driven, macro/CTA, and relative value arbitrage. Position: Fund Accounting Associate, Blackstone Alternative Asset Management (BAAM) BPS<br>Location: Miami<br><p>Blackstone is the worlds largest alternative asset manager. On Fishbowl, you can share insights and advice anonymously with The Blackstone Group employees and get real answers from people on the inside. 2005-2023 Wall Street Oasis. For a discussion of this and other conflicts, please see the Additional Disclosure section at the end of this document. They have not been selected to represent appropriate benchmarks for BXMIX, but rather are disclosed to allow for comparison of BXMIXs performance to that of well-known and widely recognized indices. Second round repeated the first, with interviews with MDs and finally an interview with an SMD. I interviewed at The Blackstone Group in Jan 2011. I applied online. Barclays Global Aggregate Bond Index TR: Flagship measure of global investment grade debt from twenty-four local currency markets. Then, I went to their office for a final round. Nephila leverages its CAT models, proprietary risk systems, meteorological forecasts and industry relationships to evaluate the reinsurance market. This multi-currency benchmark includes treasury, government-related, corporate and securitized fixed-rate bonds from both developed and emerging markets issuers. Mr. Sullens oversees portfolio management for all of BAAMs multi-manager programs. Updated For 2023 Interviews. Diversification does not ensure a profit or guarantee against loss. Dynamic allocation allows Blackstone to rotate into more attractive sectors, strategies and managers as markets evolve. I interviewed at The Blackstone Group (New York, NY) in Jun 2014. Caspian is a credit manager that focuses on capital structure arbitrage strategies and stressed/distressed investing. ERISA Fiduciary Disclosure: The foregoing information has not been provided in a fiduciary capacity under ERISA, and it is not intended to be, and should not be considered as, impartial investment advice. Two fit interviews. BAIA, the Funds Investment Manager, allocates its assets among a variety of discretionary investment advisers (Sub-Advisers) with experience managing non-traditional or alternative investment strategies. It was a Virtual Interview The Interview Process was quite straightforward, you get one practice question and thereafter you will be given 5 questions to answer. There can be no assurance that the Fund will achieve its goals or avoid losses. Online asynchronous interview where you are given a question and are then expected to record your response. On Fishbowl, you can share insights and advice anonymously with The Blackstone Group employees and get real answers from people on the inside. 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. Blackstone and its affiliates have financial interests in asset managers. opportunistic credit investing, for nearly 8 years. 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. Indices are unmanaged and investors cannot invest in an index. 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. Great experience. The platform is easy to use and you can record more than once. Mr. Morris holds a Bachelors degree in Applied Economics from Deakin University in Melbourne, Australia and an MSc in Financial Economics from the University of London. Sign In. Additionally, Sage Rock will hold associated SPAC securities post the closing of a SPAC deal. Emso evaluates investment opportunities and performs an assessment of the risks related to those investments as well as the opportunities to mitigate them. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). Blackstone's Summer Analyst Program is 10-weeks in length and will provide participants broad exposure to the Firm. The strategy that Nephila executes for Blackstones mutual fund is opportunistic in nature and focuses on reinsurancespecifically Catastrophe Bonds (CAT). Investment returns and principal values may fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. One is for their Alternative Asset Management Group (BAAM - hedge fund solutions) and the other is for Real Estate Debt Strategies (BREDS). 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