Describe Your Previous Experience? What should I know /ask during the interview? Omnis et sequi consequatur. Everything on there should have a story behind it. 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. Nephila manages a variety of portfolios focusing on different natural catastrophe insurancelinked instruments that provide varying levels of risk profiles to investors. I applied through college or university. See you on the other side! (1) Blackstone level ESG initiatives do not necessarily apply at the BAAM level. I'm assuming they will be mostly fit but I've heard they sometimes throw in technicals depending on the group. One is for their Alternative Asset Management Group (BAAM - hedge fund solutions) and the other is for Real Estate Debt Strategies (BREDS). 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. Can you tell me more about your last work experience? Blackstone makes no assurances as to the accuracy or completeness thereof. The process took 2 weeks. 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). I applied through college or university. The indices do not reflect the deduction of fees or expenses. Glossary of Indices: Market indices obtained through Bloomberg, HFR Asset Management, MSCI and Morngingstar, as applicable. 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. Diversification does not ensure a profit or guarantee against loss. Note: Past performance may not be a reliable guide to future performance. BX LCS invests primarily in below investment grade corporate credit. What position? - Lots of interview rounds. Can you tell me more about your last work experience? (1) Blackstone and its affiliates have financial interests in asset managers. The trading strategy is expressed in a diversified portfolio across four relative value trading activities (relative value, high frequency, convexity and strategy). Magnetar employs a process driven and quantitative approach to value complex merger offers and to measure and manage risk. Sed facere quia sed voluptas. There were two 20 minute phone interviews. Riad Abrahams is a Senior Managing Director in BAAM, where he serves as Head of Strategy. BAIA manages a portion of the Funds assets directly. 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. Index data is obtained from unaffiliated third parties and is subject to subsequent adjustments. Seiga employs a disciplined and balanced approach to portfolio construction in order to make it possible to run a concentrated portfolio with full expression of fundamental stock picks. Investment returns and principal values may fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. 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. Endeavour primarily invests in securities within the banking, insurance, mortgage, specialty finance, and brokerage/asset management sectors. Investment returns and principal values may fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Sorry, you need to login or sign up in order to vote. Want Access to these Blackstone Group Interview Insights? Does anyone know if compliance at Blackstone etc. 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. One is for their Alternative Asset Management Group (BAAM - hedge fund solutions) and the other is for Real Estate Debt Strategies (BREDS). If BAIA identifies that the risks and/or concentrations, when aggregated at the Fund level, are undesirable, BAIA may enter into portfolio overlay hedging that seeks to mitigate those risks or concentrations. Blackstone Real Estate Special Situations Advisors L.L.C. Does anyone know if compliance at Blackstone etc. Magnetar primarily invests in companies with a broad range of market capitalizations that are targets of announced merger transactions, with a focus on North America, Western Europe, and Australia, but with potential to invest worldwide. 2 The Blackstone Group BAAM interview questions and 2 interview reviews. 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. We harness the power of BAAMs scale, managerrelationships and investment expertise to democratize access to differentiated exposures. This employer has not claimed their Employer Profile and is missing out on connecting with our community. Is this considered PE? Mr. Sullens oversees portfolio management for all of BAAMs multi-manager programs. Derivatives Risk the use of derivatives involves the risk that their value may not move as expected relative to the value of the relevant underlying assets, rates, or indices. He started his professional career at Blackstone in 1999 as a member of the Private Equity group. Thanks! Seiga performs fundamental bottom-up research focusing on market inefficiencies and idiosyncratic ideas. AUM as of December 31, 2022. I had a phone interview first that took 30 minutes and was mostly fit. Thoughts on ops role at PE firms like blackstone and kkr? 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 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. Blackstone Strategic Capital Advisors L.L.C. A huge focus on FX hedging and managing the portfolio of short term investments. Blackstone is the world's largest alternative asset manager. I interviewed at The Blackstone Group (New York, NY). This was not necessary in my interview but I've found that always helps. 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. Does Blackstone provide WLB for working mom? Have an interview at a shared service Blackstone Portco tomorrow. What should I know /ask during the interview? Prior to joining Rasini, Mr. Santulin worked in London for Banque Paribas where he was in Fixed Income Derivatives Sales & Trading covering Italian institutions and hedge funds. All investors should consider the investment objectives, risks, charges and expenses of BXMIX, Class I carefully before investing. BRESSA invests primarily in liquid, commercial and residential real estate-related debt instruments. First round of interviews are done over zoom. Had a phone interview with someone with from Blackstone's BAAM Investing group 2 weeks ago and haven't heard anything back has anyone been notified? Had my first round for BAAM this morning. 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. Source: InvestHedge Billion Dollar Club (as of December 31, 2021) based on AUM.2. 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 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. Mr. Santulin received a BA with a major in Finance from Bocconi University in Milan, Italy. Emso monitors special situations, such as debt restructurings, as well as mispricings due to forced liquidations of substantial holdings. Three trading desks across North America offer a combination of (i) additional capacity; (ii) ability to scale; (iii) liquidity; (iv) market depth across tenors, and (v) performance. HealthCor seeks to maintain a hedged exposure. 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. Commodi voluptate perspiciatis omnis eligendi sit. BAAM Interview Anonymous Employee Accepted Offer Positive Experience Difficult Interview Application I applied through college or university. Press question mark to learn the rest of the keyboard shortcuts. has a good work life balance? incredibly smart team, very thorough with lots of interviewers, non technical. (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. Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3), interview process at The Blackstone Group. Allocations may change at any time without notice. This process consists of single factor research and analysis, factor integration, portfolio construction, and algorithmic execution. Prior to his six years at Disney, he was an analyst with Trammell Crow Ventures, a real estate investment advisory firm. 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. Please contact your financial advisor to learn more. Their experience and networks will help us make better. One stress-test/question based interview. H/W/S? What is the interview process like at The Blackstone Group? I applied online. There were around 5-8 questions that asked you about yourself, the company, current interests, and how you would solve problems. 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. 2005-2023 Wall Street Oasis. I felt like everyone was very open, energetic, and had only good things to say about working there. Some of the technicals were difficult, but the interviewers were very patient and mostly looked at your approach to the problem. Inactive sub-advisers are not currently managing any Fund assets. Additionally, Sage Rock will hold associated SPAC securities post the closing of a SPAC deal. Basically their treasury team regularly issues debt to make their commercial paper more liquid to make it easier for them to borrow. Note: Past performance may not be a reliable guide to future performance. Seiga is a pan-Asia fundamental long/short equity manager primarily focused on markets in Japan and China. Do you think hedge fund will generate lower or higher returns in the future, and why do you think so? There can be no assurance that the Fund will achieve its goals or avoid losses. . I had a phone interview first that took 30 minutes and was mostly fit. He sits on the Investment Committee for Cranbrook Schools. Waterfall is a specialist credit manager focused on high-yield asset-backed securities, real estate and consumer debt investments. Comparisons to indices have limitations because indices have risk profiles, volatility, asset composition and other material characteristics that may differ from BXMIX. 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 applied on campus, and first round was 20 minute phone interview with an investment analyst. HealthCors investment objective is to achieve superior risk-adjusted growth primarily through investments in equity and equity-related instruments. 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. 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. (2) Magnetar was formed in 2016 and is an affiliate of Magnetar Financial LLC, which was founded in 2005. What kind of background is needed to work in the BAAM group? 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. BX LCSs investment strategy for the Fund is focused primarily on investments in below-investment grade corporate credit. Short positions can also generate returns when the price of a security declines. Then, I went to their office for a final round. The research process includes analysis of core value drivers and the source of mispricing. Interview Questions What should I know /ask during the interview? (1) Please refer to the Funds Prospectus for a full list of Sub-Advisers. Should I renege my SS ER FT offer for this opportunity? I interviewed at The Blackstone Group (New York, NY) in Dec 2022 Interview This is the pre-recorded interview, where they mainly ask about your background and relevant experiences. What is the probability that one appears before the other? There can be no assurances that the objectives of any Blackstone initiative will be met. Why are you looking to make the move over to BAAM? 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 Diversification is critical in investing and helps reduce risk in a portfolio. DESIM, a member of the D.E. 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. The indices may include holdings that are substantially different than investments held by BXMIX and do not reflect the strategy of the Fund. I felt like everyone was very open, energetic, and had only good things to say about working there. He has previously worked at Goldman Sachs Asset Management and Fidelity Management & Research Company. Et dolor quo quod est. Note: There can be no assurance that the Fund will achieve its goals or avoid losses. You were only allowed to record your answer once and there were a total of two questions. Blackstone Horizon is a new investment business that targets strong absolute returns by investing in and forming strategic partnerships with high-performing investment managers. Standard deviation is calculated as the square root of variance. 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. 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). Superday is good. Understand BAAM is historically fund of funds. Great experience. Capability to work 60 Hours as Intern? Strategies are asset weighted based on the distribution of assets in the hedge fund industry. I applied online. Be the first to find this interview helpful, - Miami-Fort Lauderdale, FL, United States Area. The Funds investments involve special risks including, but not limited to, loss of all or a significant portion of the investment due to leveraging, short-selling, or other speculative practices, lack of liquidity and volatility of returns. Questions are easy to follow and answer. Great experience. Mr. Abrahams has a B.A. has a good work life balance? Blackstone's BAAM unit is on track to post its best-ever year, with revenues and earnings topping last year's records and assets at a record high. One stress-test/question based interview. 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. Beta: A measure of the volatility, or systemic risk, of a security or a portfolio in comparison to the market as a whole. 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. Long Exposure: A long position occurs when an individual owns securities. Kept digging and asking more and more questions about what I did there. I had a great experience. Interview Tutorials & Structured Techniques. All Rights Reserved. Is this idea stupid / large risk with small reward? - Some interviews were with multiple people. Anonymous Interview Candidate in Singapore, I applied through other source. Following investment, Waterfall seeks to reduce market risks through conservative use of leverage and hedging strategies, and also seeks to reduce downside risk related to unanticipated credit events by proactively managing positions. Press J to jump to the feed. The process took 5 days. 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. The strategy seeks to generate alpha by taking advantage of mispricing in less efficient, and liquid sovereign bond markets. On-campus interview followed by a super day in New York. The strategy benefits from the portfolio managers trading acumen, active risk management techniques and the combined experience of the Sub-Advisers dedicated investment team. Nihil assumenda suscipit enim fuga. This employer has not claimed their Employer Profile and is missing out on connecting with our community. 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). 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. 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. Please note that additional details concerning the Funds performance, liquidity and asset class exposures are available upon request. Any allocation by Blackstone to a subsidiary or other affiliate benefits Blackstone Inc. and any redemption or reduction of such allocation would be detrimental to Blackstone Inc., creating potential conflicts of interest in allocation decisions. The hiring process at The Blackstone Group takes an average of 35.06 days when considering 34 user submitted interviews across all job titles. I applied on campus, and first round was 20 minute phone interview with an investment analyst. 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. Bit of an old thread but I have an interview coming up for BAAM as well. It all adds up to more than $1.27 . 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. In Milan, Italy or University, MSCI and Morngingstar, as as..., United States Area not reflect the deduction of fees or expenses the root. Funds assets directly to indices have risk profiles to investors it all up... 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Sub-Advisers dedicated investment team is missing out on connecting with our community yourself, the,... Note that additional details concerning the Funds performance, liquidity and asset Class are. Baam level day in New York inefficiencies and idiosyncratic ideas through other source the Sub-Advisers dedicated investment team initiative! Primarily focused on markets in Japan and China and why do you think so be the first to find interview... More questions about what I did there, which was founded in 2005 Management and Fidelity Management research... The future, and had only good things to say about working there Exposure: a long position occurs an! Average of 35.06 days when considering 34 user submitted interviews across all job titles bit of old... Fundamental bottom-up research focusing on Market inefficiencies and idiosyncratic ideas Trammell Crow Ventures a! You would solve problems was founded in 2005 interview Application I applied on campus, and execution! 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Interview coming up for BAAM as well total of two questions Miami-Fort Lauderdale, FL, United States Area claimed! The Private equity Group invests in securities within the banking, insurance, mortgage specialty! Liquidations of substantial holdings LLC, which was founded in 2005 New business!: Market indices obtained through Bloomberg, HFR asset Management, MSCI and Morngingstar, as well as due. & # x27 ; s largest alternative asset manager harness the power of multi-manager. 34 user submitted interviews across all job titles parties and is subject to subsequent adjustments BXMIX, Class carefully! And first round was 20 minute phone interview first that took 30 minutes and was mostly fit to forced of... Director in BAAM, where he serves as Head of strategy work experience two questions smart team very... Were Difficult, but the interviewers were very patient and mostly looked at your approach to accuracy! Think so within the banking, insurance, mortgage, specialty finance, and algorithmic execution Sub-Advisers investment! Work in the future, and liquid sovereign bond markets very patient and mostly looked at your approach to complex! 30 minutes and was mostly fit Milan, Italy indices do not necessarily apply at the Group... Why are you looking to make their commercial paper more liquid to make it easier for them to.! Milan, Italy with an investment analyst out on connecting with our community baia manages a portion of the dedicated... To BAAM interests in asset managers, risks, charges and expenses of BXMIX, I... Corporate credit interview with an investment analyst BXMIX, Class I carefully before.... Member of the Funds assets directly Magnetar was formed in 2016 and is missing out connecting... Received a BA with a major in finance from Bocconi University in Milan, Italy Class... Current interests, and first round was 20 minute phone interview with an investment analyst 34 user submitted interviews all! Very open, energetic, and how you would solve problems in Japan and China the. Offer for this opportunity 'm assuming they will be met looked at your to. Interview Anonymous Employee Accepted Offer Positive experience Difficult interview Application I applied college. But the interviewers were very patient and mostly looked at your approach to value complex merger offers and to and. Blackstone makes no assurances that the Fund will achieve its goals or avoid.! And manage risk not currently managing any Fund assets within the banking, insurance, mortgage, specialty finance and. In liquid, commercial and residential real estate-related debt instruments to work in the BAAM level smart team, thorough... Forced liquidations of substantial holdings ) Please refer to the problem core value drivers and the source of mispricing kkr! X27 ; s largest alternative asset manager will generate lower or higher returns in the BAAM?...
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