I interviewed at The Blackstone Group in Jan 2011. I have one coming up as well. Types of questions? (1) Please refer to the Funds Prospectus for a full list of Sub-Advisers. He started his professional career at Blackstone in 1999 as a member of the Private Equity group. Any allocation by Blackstone to a subsidiary or other affiliates (such as Seiga) 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. Is this idea stupid / large risk with small reward? Had my first round for BAAM this morning. 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. I interviewed at The Blackstone Group in Jan 2011 Interview I had a great experience. Prior to joining HSBC, Mr. Morris worked for PaineWebber in London. Given the complexity of many of these strategies, it is unlikely that a single manager has expertise across all of them. 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. 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. The firm has a reputation for being innovative . 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. (2) Magnetar was formed in 2016 and is an affiliate of Magnetar Financial LLC, which was founded in 2005. 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. Sorry, you need to login or sign up in order to vote. All investors are urged to carefully read the prospectus and the summary prospectus in its entirety before investing. 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. 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. 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. Management is very friendly. The strategy for the Fund invests across industry sectors, with a focus on trading equities and equity indices. Create an account to follow your favorite communities and start taking part in conversations. How does one get an interview for Blackstone BAAM? Shaw group, was formed in 2005. The strategy seeks to provide an attractive risk-adjusted return that is largely uncorrelated with other asset classes. Thoughts on ops role at PE firms like blackstone and kkr? J. Nihil assumenda suscipit enim fuga. Blackstone Horizon is a new investment business that targets strong absolute returns by investing in and forming strategic partnerships with high-performing investment managers. incredibly smart team, very thorough with lots of interviewers, non technical. 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. Can you tell me more about your last work experience? Dynamic allocation allows Blackstone to rotate into more attractive sectors, strategies and managers as markets evolve. Intelligent computational systems translate vast amounts of information into a diversified set of investment strategies and integrate real-time risk management into the portfolio construction process. Joe Dowling, Blackstone Global Head of BAAM, said:"David and Atish will be key leaders in BAAM and are excellent additions to the team. What should I know /ask during the interview? 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. from Harvard College and an MBA from Harvard Business School. I applied through college or university. Know your essential finance vocabulary and concepts. We harness the power of BAAMs scale, managerrelationships and investment expertise to democratize access to differentiated exposures. The indices may include holdings that are substantially different than investments held by BXMIX and do not reflect the strategy of the Fund. 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. Quidem sint vitae asperiores error ut exercitationem. Second round repeated the first, with interviews with MDs and finally an interview with an SMD. Superday is good. (1) Blackstone and its affiliates have financial interests in asset managers. I had a phone interview first that took 30 minutes and was mostly fit. Blackstone is the world's largest alternative asset manager. What is the interview process like at The Blackstone Group? Certain information contained in the Materials discusses general market activity, industry or sector trends, or other broad-based economic, market or political conditions and should not be construed as research or investment advice. Sed exercitationem laudantium possimus et aperiam. I interviewed at The Blackstone Group. Glassdoor users rated their interview experience at. Pre-recorded video interview that took 15-20 mins with a couple of questions. BX LCS invests primarily in below investment grade corporate credit. 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. Tired of getting emails on Fridays that ruin my weekend. 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. Candidates applying for BAAM had the quickest hiring process (on average 5 days), whereas Real Estate Private Equity SummerLondon roles had the slowest hiring process (on average 150 days). None of the indices presented are benchmarks or targets for the Fund. 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. Joe Dowling, Blackstone Global Co-Head and Chief Investment Officer of BAAM, said: " Blackstone is the leader in the hedge fund allocation space. Does Blackstone provide WLB for working mom? Blackstone's Summer Analyst Program is 10-weeks in length and will provide participants broad exposure to the Firm. Will follow up after to share my experience. Long Exposure: A long position occurs when an individual owns securities. On Fishbowl, you can share insights and advice anonymously with The Blackstone Group employees and get real answers from people on the inside. 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). 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. 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. This website uses cookies, including third-party cookies, in order to obtain information about your visit to the website and make this website better. 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. 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. Describe Your Previous Experience? Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling. 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. I felt like everyone was very open, energetic, and had only good things to say about working there. Through a sourcing process designed to identify companies believed to be at or nearing an inflection point, followed by due diligence conducted against four criteria, the investment team strives to construct a portfolio of their best ideas. Thanks! 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). 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. HealthCor is a long/short equity manager primarily focused on the Biotech, Pharma, Medtech, and Services sub-sectors of Healthcare. Net Exposure: This is the difference between long and short investment positions in relation to the net asset value. Can you give more about the details of what target you're at? 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. What is the probability that one appears before the other? Emso is an emerging markets manager focused on credit, rates and currencies. Blackstone Real Estate Special Situations Advisors L.L.C. Tired of getting emails on Fridays that ruin my weekend. BAAM BSOF Investment Middle Office/Data Analyst - The Blackstone Group - New York NY (On Site) United States - data-analyst, new-york--ny-(on-site)--united-states, the-blackstone-group. Investment returns and principal values may fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. I went to a semi-target and didn't see anything ever posted. has a good work life balance? His degree dissertation is titled Hedge Funds: Evolution and Investment Strategies. He has earned the right to use the Chartered Financial Analyst designation. 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. Such investments presently include allocations to structured notes providing exposure to commodity and equity capital markets strategies managed by third-party investment managers, opportunistic trades and hedging. Mr. Morris is involved in top-down investment strategy, asset allocation and macroeconomic analysis for BAAM. Invests in a variety of alternative strategies in an effort to provide diversified exposures that are less dependent on market movements. has a good work life balance? I then had one more slightly longer phone interview, followed by a final interview in New York. Bayview is an active purchaser of large and small pools of seasoned real-estate backed (performing and non-performing) loans from a variety of banks and government agencies. 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. All returns include dividend and capital gain distributions. John P. McCormick will succeed J. Tomilson Hill as president and chief executive of Blackstone Alternative Asset Management (BAAM.) - People were nice and welcoming - Very technical towards end of process. (BSCA), an affiliate of BAIA, manages certain funds (the BSCA Funds) that acquire equity interests in established alternative asset managers (the Strategic Capital Managers). 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. The process took 2 weeks. (1) Blackstone and its affiliates have financial interests in asset managers. This material is not an offer to sell the Funds securities and is not soliciting an offer to buy the Funds securities. Bit of an old thread but I have an interview coming up for BAAM as well. I honestly have no clue why they even gave me an interview, I just applied for the sake of it. (3) Representing active underlying managers as of 6/30/2021. Barclays US Aggregate Bond Index: A broad base, market capitalization-weighted bond market index representing intermediate term investment grade bonds traded in the United States. Tempora aut velit sed eum molestias repudiandae. BX LCS leverages the scale of BXCs platform, breadth and experience of its investment team and BXCs information advantage as the largest CLO manager. 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. Index Comparisons: Indices are unmanaged and investors cannot invest in an index. The Fund will not otherwise participate in any of the economic arrangements between the SAF Funds and any SAF Manager with which the Fund invests. Would recommend tossing your hat in for the opportunity. 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. BXMIX provides a diversified blendof alternative strategies and hedge fund managersin a single daily liquid mutual fund.1. BAAM Analyst (4) Data Analyst (3) Real Estate Debt Strategies Summer Analyst (3) Real Estate Private Equity Summer Analyst (3) Diversification does not ensure a profit or guarantee against loss. Has anyone interviewed with either of these groups before and can shed some light? 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. Good group. Find a Great First Job to Jumpstart Your Career, Stand Out From the Crowd With the Perfect Cover Letter, How to Prepare for Your Interview and Land the Job. Note: Past performance may not be a reliable guide to future performance. This process consists of single factor research and analysis, factor integration, portfolio construction, and algorithmic execution. Seeks to deliver steady growth with a focus on maximizing risk-adjusted returns over a full market cycle. 1. Supposed to receive the written offer tomorrow or Friday. Blackstone BXMIX is a core alternative solution providing a diversified blend of alternative strategies and managers in a single daily liquid mutual fund. This multi-currency benchmark includes treasury, government-related, corporate and securitized fixed-rate bonds from both developed and emerging markets issuers. 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