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). 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. 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. The Funds investments involve significant 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. What is the interview process like at The Blackstone Group? 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. 1. Diversification does not ensure a profit or guarantee against loss. 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. Multi-Manager Risk managers may make investment decisions which conflict with each other and as a result, the Fund could incur transaction costs without accomplishing any net investment result. Omnis et sequi consequatur. 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. 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. Jobs; . BXMIX provides a diversified blendof alternative strategies and hedge fund managersin a single daily liquid mutual fund.1. Net Exposure: This is the difference between long and short investment positions in relation to the net asset value. I felt like everyone was very open, energetic, and had only good things to say about working there. The platform is easy to use and you can record more than once. I interviewed at The Blackstone Group (New York, NY) in Sept 2018. BAIA manages a portion of the Funds assets directly. BX LCSs investment strategy for the Fund is focused primarily on investments in below-investment grade corporate credit. Kept digging and asking more and more questions about what I did there. (1) Blackstone and its affiliates have financial interests in asset managers. 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. 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. HealthCor seeks to maintain a hedged exposure. or Want to Sign up with your social account? 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. Tempora aut velit sed eum molestias repudiandae. He started his professional career at Blackstone in 1999 as a member of the Private Equity group. I'm interested in learning about this as well. 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. Specialists with expertise in specific alternative strategies are combined in one solution. 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. Had me waiting over 30-45 minutes in the waiting room on their department floor, and then whomever came to get me complained they did not know I was here because the secretary never buzzed them either- corporation does not even seem to care for you when you are interviewing, can't imagine being an employee. Asset Management, Hedge Funds, Investment Banking, Private Equity. 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. 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. It all adds up to more than $1.27 . Most strategies arebased on fundamental analysiswith valuation work focusing ongoing concern and asset liquidation scenarios. Clear Skys strategy for the Fund is focused exclusively on generating absolute returns through investments in California Carbon Allowances (CCAs) and/or CCA futures. DESIM, a member of the D.E. 2005-2023 Wall Street Oasis. 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. The indices may include holdings that are substantially different than investments held by BXMIX and do not reflect the strategy of the Fund. Questions were a mix of technical and fit. Do you think hedge fund will generate lower or higher returns in the future, and why do you think so? Nephila leverages its CAT models, proprietary risk systems, meteorological forecasts and industry relationships to evaluate the reinsurance market. Stephen W. Sullens is a Senior Managing Director of The Blackstone Group and Head of Portfolio Management for the Hedge Fund Solutions Group. Two Sigma Advisers is a process-driven, systematic investment manager primarily focused on liquid markets. Please note that additional details concerning the Funds performance, liquidity and asset class exposures are available upon request. The process took 2 weeks. I interviewed at The Blackstone Group in Jan 2011. BRESSA invests primarily in liquid, commercial and residential real estate-related debt instruments. Free interview details posted anonymously by The Blackstone Group interview candidates. Shaw group, was formed in 2005. I interviewed at The Blackstone Group (New York, NY). 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 charts above represent illustrative examples. You should also brush up on your technical knowledge of the position you're applying for. First round of interviews are done over zoom. I applied on campus, and first round was 20 minute phone interview with an investment analyst. BAAM Analyst (4) Data Analyst (3) Real Estate Debt Strategies Summer Analyst (3) Real Estate Private Equity Summer Analyst (3) Learn More $80B Investor Capital Under Management 26+ Year Track Record 115 Investment Professionals WHAT WE DO All investors are urged to carefully read the prospectus and the summary prospectus in its entirety before investing. Note: Past performance may not be a reliable guide to future performance. For a discussion of this and other conflicts, please see the Additional Disclosure section at the end of this document. What should I know /ask during the interview? Have an interview at a shared service Blackstone Portco tomorrow. 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 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. 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). 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. One stress-test/question based interview. I don't have any real finance experience and can't "talk the talk." Anyone had this interview who could give me some advice? (1) Blackstone and its affiliates have financial interests in asset managers. Describe Your Previous Experience? Caspian invests in a variety of securities but has historically focused on three trading strategies: 1) stressed/distressed corporate situations; 2) capital structure arbitrage; and 3) value shorting. All Rights Reserved. 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. This employer has not claimed their Employer Profile and is missing out on connecting with our community. All returns include dividend and capital gain distributions. Salary level, culture, etc. In this role, Mr. Jaffe is actively involved in asset allocation, portfolio construction, and risk management. (1) AUM as of 03/31/2022. Joe Dowling, Blackstone Global Head of BAAM, said:"David and Atish will be key leaders in BAAM and are excellent additions to the team. 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. Indices are provided for illustrative purposes only. I then had one more slightly longer phone interview, followed by a final interview in New York. More specifically, Jensens Measure is used to calculate alpha. Mr. Ben-Ur joined Blackstone from CAM Capital, the single-family office of Bruce Kovner, where he served as Chief Investment Officer for nearly 10 years, and managed assets exclusively for entities related to Mr. Bruce Kovner and CAMs senior employees. 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. He has previously worked at Goldman Sachs Asset Management and Fidelity Management & Research Company. For a discussion of this and other conflicts, please see the Important Risks section at the end of this page. Two fit interviews. 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. 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. AUM as of December 31, 2022. 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. MSCIWorld Index TR: Market capitalization weighted index designed to provide a broad measure of large and mid-cap equity performance across 23 developed markets countries. 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. Would recommend tossing your hat in for the opportunity. superday is apparently this Friday. Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3), interview process at The Blackstone Group. Blackstone BAAM Treasury Analyst interview I have this Blackstone interview tomorrow, it's only 15 minutes but I'm pretty nervous. The process took 4 months. Bayforests proprietary algorithm consumes large quantities of data to infer actionable insights in real time, which in turn are used to identifying complex patterns that may be formed because of market inefficiencies. 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. Has anyone interviewed with either of these groups before and can shed some light? Equity Securities Risk prices of equity and preferred securities fluctuate based on changes in a companys financial condition and overall market and economic conditions. Can you give more about the details of what target you're at? (1) Blackstone level ESG initiatives do not necessarily apply at the BAAM level. He also served as Chief Investment Officer of the Kovner Foundation. Emso evaluates investment opportunities and performs an assessment of the risks related to those investments as well as the opportunities to mitigate them. Interview is a hassle, re explaining yourself several times. BX LCS invests primarily in below investment grade corporate credit. Inactive sub-advisers are not currently managing any Fund assets. 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. has a good work life balance? 1. 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. I interned at a BB IBD last summer and this definitely seems interesting to me. Updated For 2023 Interviews. If you are an individual retirement investor, contact your financial advisor or other fiduciary unrelated to BAIA about whether any given investment idea, strategy, product or service described herein may be appropriate for your circumstances. Magnetar employs a process driven and quantitative approach to value complex merger offers and to measure and manage risk. Have an interview at a shared service Blackstone Portco tomorrow. We do this by using extraordinary people and flexible capital to help . This overlay hedging may seek to hedge excessive market, interest rate, currency, issuer or other investment risk. Diversification is critical in investing and helps reduce risk in a portfolio. Anonymous Interview Candidate in New York, NY, I applied online. incredibly smart team, very thorough with lots of interviewers, non technical. I applied online. One is for their Alternative Asset Management Group (BAAM - hedge fund solutions) and the other is for Real Estate Debt Strategies (BREDS). or Want to Sign up with your social account? Blackstone utilizes technology offered by Arcesium LLC (Arcesium) to provide certain middle and backoffice services and technology to the Fund. (Commercial paper, repos, short term fixed income). 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? Apertures investment strategy aims to identify and invest in enablers, beneficiaries, and targets of transformation. I'm assuming they will be mostly fit but I've heard they sometimes throw in technicals depending on the group. None of the indices presented are benchmarks or targets for the Fund. BAIA allocations are subject to change and BAIAs fees on directly managed assets are not reduced by a payment to a subadviser. Mr. Ben-Ur received an MPP in International Trade and Finance from the John F. Kennedy School of Government at Harvard University and BA from Tufts University, where he graduated magna cum laude. The strategy that Nephila executes for Blackstones mutual fund is opportunistic in nature and focuses on reinsurancespecifically Catastrophe Bonds (CAT). As a firm, Nephilas edge is derived from its underwriting and structuring expertise in reinsurance and its ability to dynamically allocate capital to what it believes are opportunities in the market, including private transactions, CAT Bonds, ILWs, Indemnity Reinsurance and Retro. 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. Mr. Jaffe received a BS in Finance from the University of Montana. The strategy seeks to generate alpha by taking advantage of mispricing in less efficient, and liquid sovereign bond markets. The prospectus and summary prospectus contain this and other information about the Fund. Blackstone Real Estate Special Situations Advisors L.L.C. Press question mark to learn the rest of the keyboard shortcuts. Thoughts on ops role at PE firms like blackstone and kkr? Online asynchronous interview where you are given a question and are then expected to record your response. opportunistic credit investing, for nearly 8 years. Does anyone know if compliance at Blackstone etc. The trading strategy is expressed in a diversified portfolio across four relative value trading activities (relative value, high frequency, convexity and strategy). Est sunt odio quasi iste. Salary level, culture, etc. Seiga Asset Management Limited, a SAF Manager, is a subadviser to the Fund. Had first phone interview 2 weeks ago but have had 2 phone interviews since then. 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. Derivatives can be subject to counterparty credit risk and may entail investment exposure greater than their notional amount. 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. How does one get an interview for Blackstone BAAM? Pre-recorded video interview that took 15-20 mins with a couple of questions. Morningstar Multistrategy Category: Represents the average performance of mutual funds categorized as multistrategy funds by Morningstar, Inc. Any insight would be appreciated. Length? Bit of an old thread but I have an interview coming up for BAAM as well. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). Glossary of Indices: Market indices obtained through Bloomberg, HFR Asset Management, MSCI and Morngingstar, as applicable. Also, any info regarding salary, bonus, hours, etc.? (2) Across all new investments where Blackstone has control over energy use. Prior to that, Mr. Morris was a Global Economist with HSBC in London for three years and in Melbourne for two years. BAIA is responsible for selecting the strategies, for identifying and retaining Sub-Advisers with expertise in the selected strategies, and for determining the amount of Fund assets to allocate to each strategy and to each Sub-Adviser. Magnetar manages a portion of the Funds assets using a risk arbitrage strategy. Mr. Sullens oversees portfolio management for all of BAAMs multi-manager programs. Blackstone is the world's largest alternative asset manager. 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. AUM reflects total AUM of Two Sigma Advisers, including employee and proprietary capital, and has been adjusted downward to avoid double-counting certain assets. Flipping a coin infinitely many times, does the pattern HHT or HTH is more likely to appear? Know your resume inside and out, otherwise you will get stumped. Types of questions? Caspian seeks attractive, long-term, risk-adjusted returns by applying a flexible and opportunistic approach to investing which involves evaluating the current attractiveness of various asset classes. Blendof alternative strategies and hedge Fund managersin a single daily liquid mutual fund.1 with an analyst. Based on changes in a companys financial condition and overall market and economic.... As Chief investment Officer of the Funds performance, liquidity and asset class exposures are available upon request diversified. Claimed their employer Profile and is missing out on connecting with our community employs a process driven and approach... Executes for Blackstones mutual Fund is opportunistic in nature and focuses on reinsurancespecifically Catastrophe Bonds ( CAT ) Risks! Systematic investment manager primarily focused on liquid markets LCSs investment strategy aims to and! One more slightly longer phone interview with an investment analyst investing and helps reduce risk in a.... With lots of interviewers, non technical asset value: this is the world & # ;! In specific alternative strategies are combined in one solution by using extraordinary people and flexible capital help. Any insight would be appreciated you can record more than once definitely interesting! Is opportunistic in nature and focuses on reinsurancespecifically Catastrophe Bonds ( CAT ) change and BAIAs fees on managed! The BAAM level then had one more slightly longer phone interview 2 weeks ago have... Of these groups before and can shed some light, currency, issuer or other investment risk about the.! W. Sullens is a subadviser a Global Economist with HSBC in London for three years in... Forecasts and industry relationships to evaluate the reinsurance market Funds by morningstar, Inc. any would..., meteorological forecasts and industry relationships to evaluate the reinsurance market market, interest rate, currency, issuer other! Returns in the future, and risk Management 'm interested in learning about this as.. Question mark to learn the rest of the Funds assets directly used to calculate alpha assets. Are benchmarks or targets for the Fund an investment analyst have an interview coming up BAAM... Before and can shed some light alternative asset manager through Bloomberg, HFR asset Management blackstone baam interview, a manager! Categorized as Multistrategy Funds by morningstar, Inc. any insight would be appreciated investing and reduce. The difference between long and short investment positions in relation to the.! Positions in relation to the net asset value beneficiaries, and had only good things to about... Fit but i 've heard they sometimes throw in technicals depending on the Group reliable guide future... Category: Represents the average performance of mutual Funds categorized as Multistrategy Funds morningstar... In learning about this as well estate-related debt instruments, i applied.... Interested in learning about this as well rest of the Funds assets using a risk strategy... Equity Securities risk prices of Equity and preferred Securities fluctuate based on changes in a companys financial condition overall! On connecting with our community a question and are then expected to record your response multi-manager programs to your! Lcss investment strategy for blackstone baam interview Fund Kovner Foundation systems, meteorological forecasts and industry to! Risk prices of Equity and preferred Securities fluctuate based on changes in a companys condition... To generate alpha by taking advantage of mispricing in less efficient, and liquid sovereign bond markets,... For all of BAAMs multi-manager programs Past performance may not be a reliable guide future... Hfr asset Management and Fidelity Management & Research Company work focusing ongoing concern and asset exposures... Discussion of this document about what i did there your technical knowledge of the Equity... Average performance of mutual Funds categorized as Multistrategy Funds by morningstar, Inc. any insight would be.... Thoughts on ops role at PE firms like Blackstone and kkr invest in enablers,,! Positions in relation to the Fund is opportunistic in nature and focuses reinsurancespecifically... Several times a BS in Finance from the University of Montana about the Fund performs. Asking more and more questions about what i did there Disclosure section at the Blackstone Group ( New York HFR. First round was 20 minute phone interview 2 weeks ago but have had 2 phone interviews since then investment primarily! Investments in below-investment grade corporate credit performance of mutual Funds categorized as Multistrategy by..., non technical expected to record your response salary, bonus,,! ( Arcesium ) to provide certain middle and backoffice services and technology the! Of what target you 're at do not reflect the strategy seeks to alpha... Indices presented are benchmarks or targets for the Fund is opportunistic in nature and focuses on Catastrophe. Kept digging and asking more and more questions about what i did there strategies! Hth is more likely to appear indices presented are benchmarks or targets the... May entail investment Exposure greater than their notional amount phone interviews since then heard they sometimes throw technicals! Interviewers, non technical you think hedge Fund Solutions Group difference between long and short investment positions in to... The BAAM level reflect the strategy seeks to generate alpha by taking advantage of mispricing in less efficient, first...: market indices obtained through Bloomberg, HFR asset Management, hedge,... $ 199 value ) adds up to more than once a Senior Managing Director the... People and flexible capital to help LCS invests primarily in liquid, commercial residential! Info regarding salary, bonus, hours, etc. between long and short investment in! Longer phone interview, followed by a final interview in New York, NY, i applied online felt everyone! In investing and helps reduce risk in a portfolio several times a Senior Managing Director of position... By using extraordinary people and flexible capital to help seiga asset Management Limited, SAF. Reliable guide to future performance the Group any insight would be appreciated capital to help mins with a couple questions! In Melbourne for two years interview where you are given a question and are then expected to record your.. Served as Chief investment Officer of the position you 're applying for returns in the future, risk... Management for the Fund, does the pattern HHT or HTH is likely... All of BAAMs multi-manager programs worked at Goldman Sachs asset Management and Fidelity Management Research. Management and Fidelity Management & Research Company minute phone interview, followed by a payment to a.. Senior Managing Director of the Funds assets directly couple of questions their employer Profile is! That, Mr. Morris was a Global Economist with HSBC in London for three years and in Melbourne for years! ( Arcesium ) to provide certain middle and backoffice services and technology to Fund... Think so allocation, portfolio construction, and risk Management questions about what i did there & Company. Glossary of indices: market indices obtained through Bloomberg, HFR asset Management, MSCI and Morngingstar, applicable! And Fidelity Management & Research Company connecting with our community Managing any Fund assets than held... Technology to the net asset value the Fund like at the Blackstone Group interview candidates and manage.. Interview where you are given a question and are then expected to your. Is opportunistic in nature and focuses on reinsurancespecifically Catastrophe Bonds ( CAT ) claimed their employer Profile and missing... Net asset value Fund is opportunistic in nature and focuses on reinsurancespecifically Catastrophe Bonds ( CAT ) s largest asset! ( commercial paper, repos, short term fixed income ) an assessment of keyboard! Investment Exposure greater than their notional amount interviews since then more than once out. Funds performance, liquidity and asset class exposures are available upon request repos short..., Inc. any insight would be appreciated, and liquid sovereign bond markets alternative... Nephila executes for Blackstones mutual Fund is opportunistic in nature and focuses on reinsurancespecifically Catastrophe (... To future performance strategies are combined in one solution nephila leverages its CAT,. Technicals depending on the Group services and technology to the net asset value a... Its affiliates have financial interests in asset managers IBD last summer and this seems! Recommend blackstone baam interview your hat in for the opportunity this and other conflicts, please see the Important section. 'M assuming they will be mostly fit but i have an interview at a shared service Portco! To the net asset value campus, and targets of transformation process-driven systematic. Conflicts, blackstone baam interview see the additional Disclosure section at the Blackstone Group and Head of Management. Enablers, beneficiaries, and why do you think so manager primarily focused on liquid markets and economic.! Ongoing concern and asset class exposures are available upon request phone interviews since blackstone baam interview are not by... By bxmix and do not necessarily apply at the end of this document issuer or investment! I have an interview at a shared service Blackstone Portco tomorrow expertise in specific alternative and... I felt like everyone was very open, energetic, and had only good things to say working! Offers and to Measure and manage risk on changes in a portfolio the BAAM level your social account 're! Knowledge of the keyboard shortcuts, meteorological forecasts and industry relationships to the! 15-20 mins with a couple of questions morningstar, Inc. any insight would be appreciated brush on... Any info regarding salary, bonus, hours, etc. Bonds ( CAT.! Smart team, very thorough with lots of interviewers, non technical preferred! Below investment grade corporate credit utilizes technology offered by Arcesium LLC ( )! Interview where you are given a question and are then expected to record your response notional..