I applied online. The process took 4 months. Emso evaluates investment opportunities and performs an assessment of the risks related to those investments as well as the opportunities to mitigate them. There were two 20 minute phone interviews. Thoughts on ops role at PE firms like blackstone and kkr? 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. Create an account to follow your favorite communities and start taking part in conversations. For a discussion of this and other conflicts, please see the Important Risks section at the end of this page. I felt like everyone was very open, energetic, and had only good things to say about working there. (Commercial paper, repos, short term fixed income). Sed facere quia sed voluptas. Just curious. BAIA allocations are subject to change and BAIAs fees on directly managed assets are not reduced by a payment to a subadviser. Have an interview at a shared service Blackstone Portco tomorrow. Allocations may change at any time without notice. Sage Rock is an event driven manager with a focus on special situations investing. I have this Blackstone interview tomorrow, its only 15 minutes but Im pretty nervous. - Met with a variety of people from across all levels. 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. 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. (BSCA), an affiliate of BAIA, manages certain funds (the BSCA Funds) that acquire equity interests in established alternative asset managers (the Strategic Capital Managers). Standard deviation is calculated as the square root of variance. What is something about you that we cannot see in your resume? 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. Any advice in terms of preparation or types of questions to expect? . All Rights Reserved. In the case of equity indices, performance of the indices reflects the reinvestment of dividends. I have two first round phone interviews with Blackstone this week (SA positions) and am hoping to get some insight. Equity Securities Risk prices of equity and preferred securities fluctuate based on changes in a companys financial condition and overall market and economic conditions. 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. Mr. Santulin is involved in portfolio management and in hedge fund manager evaluation, selection and monitoring. 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 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. What should I know /ask during the interview? (3) AUM as of 03/31/2022. Great experience. Was invited to come into the city to interview with the BAAM team. HealthCors investment objective is to achieve superior risk-adjusted growth primarily through investments in equity and equity-related instruments. (1) Inception date for the D. E. Shaw group. Describe Your Previous Experience? Information about the Fund, including current month-end performance, is available on the Funds website at www.bxmix.com or by calling 855-890-7725. This multi-currency benchmark includes treasury, government-related, corporate and securitized fixed-rate bonds from both developed and emerging markets issuers. Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3). I dont have any real finance experience and cant talk the talk. Anyone had this interview who could give me some advice? There can be no assurance that the Fund will achieve its goals or avoid losses. I had a great experience. What should I know /ask during the interview? There can be no assurance that the Fund will achieve its goals or avoid losses. Describe in 60 seconds why you are a good fit for Blackstone. Does anyone know if compliance at Blackstone etc. All Rights Reserved. There can be no assurances that any of the trends described herein will continue or will not reverse. Does Blackstone provide WLB for working mom? 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. Stephen W. Sullens is a Senior Managing Director of The Blackstone Group and Head of Portfolio Management for the Hedge Fund Solutions Group. I interviewed at The Blackstone Group (New York, NY) in Jan 2015. At Maverick, Mr. Abrahams also sat on the Portfolio Management Committee and Stock Committee, and he was a prior Co-Head of the Consumer Sector. Tired of getting emails on Fridays that ruin my weekend. 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 interviewed at The Blackstone Group (New York, NY) in Sept 2018. Opinions and Trends. Diversification is critical in investing and helps reduce risk in a portfolio. 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. 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. Good group. Blackstone's Summer Analyst Program is 10-weeks in length and will provide participants broad exposure to the Firm. Does Blackstone provide WLB for working mom? Should I renege my SS ER FT offer for this opportunity? Clear Sky is an equity hedge manager that focuses on a fundamental, low net, relative value-oriented strategy that invests opportunistically across the capital structure of companies within the broader energy ecosystem. In this role, Mr. Jaffe is actively involved in asset allocation, portfolio construction, and risk management. Aut nihil sit voluptas error dolor ut. Would recommend tossing your hat in for the opportunity. Interview Questions 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. Max Jaffe is a Principal of the Hedge Fund Solutions Group (BAAM) where he serves as a portfolio manager for BAAMs registered funds platform. On Fishbowl, you can share insights and advice anonymously with The Blackstone Group employees and get real answers from people on the inside. The process took 4 months. Is this considered PE? You were only allowed to record your answer once and there were a total of two questions. The Sub-Advisers investment process is primarily based on fundamental research. See you on the other side! (1) Blackstone level ESG initiatives do not necessarily apply at the BAAM level. Subject to Blackstones information walls and confidentiality and fiduciary obligations. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. Current performance may be lower or higher than the performance data quoted. 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. (1) BAIA is the Funds Investment Manager and manages a portion of the Funds assets directly. I didn't get the invite until around 7pm yesterday. One of my best interview experiences. You will be given 3 min to think and 1 min to answer for each question. Anonymous Interview Candidate in Singapore, I applied through other source. 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. Initial meeting with the hiring manager, followed by a long interview to meet many members of the team. 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. Interview is a hassle, re explaining yourself several times. (1) Blackstone and its affiliates have financial interests in asset managers. 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. I felt like everyone was very open, energetic, and had only good things to say about working there. 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. Anonymous Interview Candidate in New York, NY, I applied online. The gross exposure is one indication of the level of leverage in a portfolio. BX LCS leverages the scale of BXCs platform, breadth and experience of its investment team and BXCs information advantage as the largest CLO manager. It combines a value-oriented investment approach with a macro overlay. 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. All investors should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. Most strategies arebased on fundamental analysiswith valuation work focusing ongoing concern and asset liquidation scenarios. Quidem sint vitae asperiores error ut exercitationem. Please describe the interview / hiring process. I interviewed at The Blackstone Group (New York, NY). has a good work life balance? Sorry, you need to login or sign up in order to vote. What kind of background is needed to work in the BAAM group? For a discussion of this and other conflicts, please see the Additional Disclosure section at the end of this document. Have either of you heard back? Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3), The Ultimate Job Interview Preparation Guide. Tell me about yourself. Press question mark to learn the rest of the keyboard shortcuts. John P. McCormick will succeed J. Tomilson Hill as president and chief executive of Blackstone Alternative Asset Management (BAAM.) Nihil assumenda suscipit enim fuga. His degree dissertation is titled Hedge Funds: Evolution and Investment Strategies. He has earned the right to use the Chartered Financial Analyst designation. Good people. Had my first round for BAAM this morning. Diversification does not ensure a profit or guarantee against loss. This material is not an offer to sell the Funds securities and is not soliciting an offer to buy the Funds securities. I had a phone interview first that took 30 minutes and was mostly fit. Prepared by Blackstone Securities Partners L.P., a member of FINRA and an affiliate of Blackstone Alternative Investment Advisors LLC, the investment adviser of the Fund. 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. (4) From 1/1/2020 to 6/30/2021. Does anyone know if compliance at Blackstone etc. 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 have my BAAM phone interview coming up. Allocations may change at any time without notice. Why BlackRock? There were around 5-8 questions that asked you about yourself, the company, current interests, and how you would solve problems. H/W/S? For a discussion of this and other conflicts, please see the Additional Disclosure section at the end of this document. The strategy relies solely on quantitative analysis to build signals that aretranslated to financial instrument orders. Shaw group, was formed in 2005. The data presented above is based on information obtained or derived from the Sub-Adviser. 1. Tired of getting emails on Fridays that ruin my weekend. The strategy that DESIM deploys on behalf of the Fund seeks dynamic exposures to risk premia in core global assets along with the potential capture of more exotic forms of risk premia and opportunistic alpha. Management is very friendly. Everything on there should have a story behind it. Blackstone BXMIX is a core alternative solution providing a diversified blend of alternative strategies and managers in a single daily liquid mutual fund. For a discussion of this and other conflicts, please see the Additional Disclosure section at the end of this document. A huge focus on FX hedging and managing the portfolio of short term investments. I applied online. Blackstone Real Estate Special Situations Advisors L.L.C. This website uses cookies, including third-party cookies, in order to obtain information about your visit to the website and make this website better. 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. 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. Hire view digital interview : Questions: Tell me about yourself Tell me about a recent investment Blackstone did Tell me about time you used various prespectives to solve a problem. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. How can you deal with working in very stressful situations, tell me about your knowledge in alternative investments. The Sub-Adviser is engaged in energy trading across North America and European gas, power and liquids markets. Have an interview at a shared service Blackstone Portco tomorrow. Seiga performs fundamental bottom-up research focusing on market inefficiencies and idiosyncratic ideas. opportunistic credit investing, for nearly 8 years. Good group. Tired of getting emails on Fridays that ruin my weekend. Specialists with expertise in specific alternative strategies are combined in one solution. See Principal Investment Risks of the prospectus for a detailed discussion of these and other risks applicable to the Fund. There can be no assurance the Fund will achieve its objectives or avoid significant losses. Two fit interviews. Does Blackstone provide WLB for working mom? What is the probability that one appears before the other? (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. Blackstone BAAM interview (Originally Posted: 09/27/2009). May inform Blackstone that I have other offers to see if the process can be expedited. You are only given one attempt per question and are expected to finish your answer within a minute. We do this by using extraordinary people and flexible capital to help . 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. 2005-2023 Wall Street Oasis. 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. Then, I went to their office for a final round. The strategy seeks to generate alpha by taking advantage of mispricing in less efficient, and liquid sovereign bond markets. 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 (New York, NY) in Jun 2014. 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. WSO depends on everyone being able to pitch in when they know something. 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. Please click here if you would like more information about the cookies used on this website and how to change your cookie settings. Inactive sub-advisers are not currently managing any Fund assets. Indices are provided for illustrative purposes only. The strategy that Nephila executes for Blackstones mutual fund is opportunistic in nature and focuses on reinsurancespecifically Catastrophe Bonds (CAT). I interned at a BB IBD last summer and this definitely seems interesting to me. Can't go wrong with the opportunity. Opens the Fishbowl by Glassdoor site in a new window, Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3). These conflicts, which are disclosed in the Funds Statement of Additional Information, include, without limitation: Glossary of Terms: Gross Exposure: Reflects the aggregate of long and short investment positions in relation to the net asset value. Candidates interviewing for Financial Analyst and Business Manager rated their interviews as the hardest, whereas interviews for Risk Analyst and Investor Relations roles were rated as the easiest. The process took 2 weeks. The Fund will not participate in any of the economic arrangements between the BSCA Funds and any Strategic Capital Manager with which the Fund invests. 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. 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. Current performance may be lower or higher than the performance data quoted. Mortgage- and Asset-Backed Securities Risk involves credit, interest rate, prepayment and extension risk, as well as the risk of default of the underlying mortgage or asset, particularly during times of economic downturn. Please note that additional details concerning the Funds performance, liquidity and asset class exposures are available upon request. Describe Your Previous Experience? HFRX Global Hedge Fund Index: Designed to be representative of the overall composition of the hedge fund universe. The strategy seeks to provide an attractive risk-adjusted return that is largely uncorrelated with other asset classes. (1) While the Firms management business started in 2000, its current management company, Emso Asset Management Limited, was formed in 2003. 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. Sed exercitationem laudantium possimus et aperiam. Capability to work 60 Hours as Intern? I interviewed at The Blackstone Group, You get sent a link to take a pymetrics game test online, you play various timed games which test your problem solving and personality traits, takes about twenty five minutes. The trading strategy is expressed in a diversified portfolio across four relative value trading activities (relative value, high frequency, convexity and strategy). Seiga Asset Management Limited, a SAF Manager, is a subadviser to the Fund. 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. 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. Ah, what makes you think that's the case? The indices do not reflect the deduction of fees or expenses. 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. 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. Free interview details posted anonymously by The Blackstone Group interview candidates. Morris is involved in top-down investment strategy, asset allocation and macroeconomic analysis for BAAM. 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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). Great experience. 1. DESIM is a member of the D. E. Shaw group, a global investment and technology development firm that combines a rigorous quantitative approach with a complementary strategic focus on qualitative strategies. Supposed to receive the written offer tomorrow or Friday. Standard Deviation:A measure of the dispersion of a set of data from its mean. The process took 5 days. BAIA manages a portion of the Funds assets directly. (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. One is for their Alternative Asset Management Group (BAAM - hedge fund solutions) and the other is for Real Estate Debt Strategies (BREDS). Alberto Santulin is a Managing Director of the Hedge Fund Solutions Group. Brought to you by the worlds largest discretionary allocator to hedge funds, Deep team with investment research and risk management expertise, Dedicated access to strategies with scarce capacity, Tailored mandates democratize access to specific skills and exposures, Innovative open-architecture framework accommodates a wide array of strategies, Separate accounts increase portfolio efficiency and transparency, Allocations informed by proprietary insights from the Blackstone ecosystem, Multi-strategy, multi-manager construct allows dynamic shifts in positioning.