H/W/S? Net Exposure: This is the difference between long and short investment positions in relation to the net asset value. Blackstone Group Group/Division/Type: City: New York, United States Interviewed: March 2011 Overall experience Positive Difficulty Difficult General Interview Information Outcome No Offer Interview Source College / University / On Campus Recruiting Length of Process Less than 1 month Interview Details What did the interview consist of? When did you receive the notification that you were selected for these two first round interviews? I dont have any real finance experience and cant talk the talk. Anyone had this interview who could give me some advice? Should I renege my SS ER FT offer for this opportunity? The strategy involves investing in equity securities of companies that are the targets of merger transactions in an effort to capture the difference in the value of the target company and its price in the marketplace. 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). 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. On-campus interview followed by a super day in New York. Magnetar manages a portion of the Funds assets using a risk arbitrage strategy. 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. (1) Sub-Adviser is not currently managing any Fund assets. Blackstone utilizes technology offered by Arcesium LLC (Arcesium) to provide certain middle and backoffice services and technology to the Fund. Some of the technicals were difficult, but the interviewers were very patient and mostly looked at your approach to the problem. - Lots of interview rounds. Any insight would be appreciated. has a good work life balance? Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. I have one coming up as well. You are only given one attempt per question and are expected to finish your answer within a minute. I need to write another sentence to meet the word limit. Salary level, culture, etc. Blackstone paid out $4.40 in dividends to shareholders during 2022, which meant $1.02 billion for Mr. Schwarzman, who owns roughly 19% of the firm he co-founded. Mr. Santulin received a BA with a major in Finance from Bocconi University in Milan, Italy. Know your essential finance vocabulary and concepts. See Principal Investment Risks of the prospectus for a detailed discussion of these and other risks applicable to the Fund. Most strategies arebased on fundamental analysiswith valuation work focusing ongoing concern and asset liquidation scenarios. I applied through college or university. 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. 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. 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. opportunistic credit investing, for nearly 8 years. Capability to work 60 Hours as Intern? 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. The prospectus and summary prospectus contain this and other information about the Fund. He has previously worked at Goldman Sachs Asset Management and Fidelity Management & Research Company. Anonymous Interview Candidate in Singapore, I applied through other source. 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. Everything on there should have a story behind it. I don't have any real finance experience and can't "talk the talk." Anyone had this interview who could give me some advice? Describe Your Previous Experience? How does one get an interview for Blackstone BAAM? One stress-test/question based interview. Have an interview at a shared service Blackstone Portco tomorrow. I applied through college or university. 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. Before joining Blackstone in 2010, Mr. Morris was Chief US Economist at HSBC in . Sage Rock is an event driven manager with a focus on special situations investing. Interview is a hassle, re explaining yourself several times. Exclusive Insight From 11+ Interviewers. Check the background of this firm on FINRAs BrokerCheck. Index Comparisons: Indices are unmanaged and investors cannot invest in an index. Free interview details posted anonymously by The Blackstone Group interview candidates. Waterfalls proprietary investment process employs fundamental, technical, and cyclical analysis to analyze an investment opportunity. Diversification does not ensure a profit or guarantee against loss. It is also an active seller of mortgage loans, including seasoned, performing assets to regional and community banks that find it advantageous to purchase performing assets in their footprints to supplement their loan originations. Blackstone Group Interviews Blackstone Group Interview Questions 171 total interview insight submissions Interview Experience (91%) 3.6 Very Negative Negative Neutral Positive Very Positive Interview Difficulty (99%) 3.3 Very Easy Easy Average Difficult Very Difficult % Interns - FT Offers (88%) 54% 0% 20% 40% 60% 80% 100% 10% 30% 50% 70% 90% 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. BX LCSs investment strategy for the Fund is focused primarily on investments in below-investment grade corporate credit. (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. Had first phone interview 2 weeks ago but have had 2 phone interviews since then. Anonymous Interview Candidate in New York, NY, I applied online. 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. 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. BAAM invests in alternative investment strategies for leading institutional investors and sophisticated individuals, seeking attractive risk-adjusted returns to meet our clients' investment goals. 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). Allocations may change at any time without notice. Blackstone Horizon is a new investment business that targets strong absolute returns by investing in and forming strategic partnerships with high-performing investment managers. 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). Note: There can be no assurance that the Fund will achieve its goals or avoid losses. 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. The Waterfall team performs intensive cash flow stress testing and due diligence on distressed situations. Opens the Fishbowl by Glassdoor site in a new window, Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3). Laboriosam corrupti consequatur molestiae occaecati officia accusantium. Companies. 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. His degree dissertation is titled Hedge Funds: Evolution and Investment Strategies. He has earned the right to use the Chartered Financial Analyst designation. He is primarily focused on multi-strategy, event, arbitrage and reinsurance strategies. 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. Why BlackRock? Good people. Blackstone Strategic Alliance Advisors L.L.C. Basically their treasury team regularly issues debt to make their commercial paper more liquid to make it easier for them to borrow. Is this considered PE? I have my BAAM phone interview coming up. BAIAs fees on directly managed assets are not reduced by a payment to a sub-advisor. NEW YORK, May 4, 2021 - Blackstone (NYSE:BX) today announced that Paget MacColl has joined the firm as Global Head of Blackstone Alternative Asset Management's (BAAM) Institutional Client Solutions. Create an account to follow your favorite communities and start taking part in conversations. 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. 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. 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. Is this considered PE? 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. This material is not an offer to sell the Funds securities and is not soliciting an offer to buy the Funds securities. Prior to that, Mr. Morris was a Global Economist with HSBC in London for three years and in Melbourne for two years. S&P 500 Index: Market-capitalization-weighted index of the 500 largest U.S. publicly traded companies. All Rights Reserved. superday is apparently this Friday. Conflicts of Interest: Blackstone and the Sub-Advisers have conflicts of interest that could interfere with their management of the Fund. The end-to-end process is entirely systematic and aims to capture perceived market inefficiencies. I interviewed at The Blackstone Group (New York, NY) in Jan 2015. 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. Mr. Santulin is involved in portfolio management and in hedge fund manager evaluation, selection and monitoring. What should I know /ask during the interview? Performance data quoted represents past performance and is no guarantee of future results. Thoughts on ops role at PE firms like blackstone and kkr? - Miami-Fort Lauderdale, FL, United States Area. It's a waste of your own money traveling to an interview from a different city through NYC to not even get an email update. Long Exposure: A long position occurs when an individual owns securities. We do this by using extraordinary people and flexible capital to help companies solve problems. pass you through 4+ interviews before you get an offer. Does anyone know if compliance at Blackstone etc. has a good work life balance? Superday is good. You should also brush up on your technical knowledge of the position you're applying for. The Sub-Advisers investment process is primarily based on fundamental research. Morris is involved in top-down investment strategy, asset allocation and macroeconomic analysis for BAAM. both in person and virtual. Prior to his six years at Disney, he was an analyst with Trammell Crow Ventures, a real estate investment advisory firm. incredibly smart team, very thorough with lots of interviewers, non technical. HealthCor is a long/short equity manager primarily focused on the Biotech, Pharma, Medtech, and Services sub-sectors of Healthcare. Beta: A measure of the volatility, or systemic risk, of a security or a portfolio in comparison to the market as a whole. Before joining Blackstone in 2016, Mr. Jaffe was a Senior Analyst at The Solaris Group, where he focused on building custom portfolios for private clients. Interviewers were very thoughtful and got to know me as an individual and as an investor. The process took 4 months. (1) AUM as of 03/31/2022. Good people. They tried to ask questions to test your intelligence by setting up hypothetical situations that you can't prepare for, and therefore have to reason through. Asked in depth questions on the resume. 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. (1) Please refer to the Funds Prospectus for a full list of Sub-Advisers. Past events and trends do not imply, predict or guarantee, and are not necessarily indicative of, future events or results. I applied online. (Commercial paper, repos, short term fixed income). or Want to Sign up with your social account? I went to a semi-target and didn't see anything ever posted. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Have an interview at a shared service Blackstone Portco tomorrow. 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. Opinions expressed reflect the current opinions of Blackstone as of the date appearing in the Materials only and are based on Blackstones opinions of the current market environment, which are subject to change. 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. The strategy seeks to generate alpha by taking advantage of mispricing in less efficient, and liquid sovereign bond markets. 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. 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. Does Blackstone provide WLB for working mom? Bayview is a mortgage-focused manager that aims to generate capital appreciation by investing in undervalued senior residential and commercial mortgage-backed securities, senior consumer asset-backed securities and related derivatives originated after 2009. 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. Second round repeated the first, with interviews with MDs and finally an interview with an SMD. Mr. Morris is involved in top-down investment strategy, asset allocation and macroeconomic analysis for BAAM. 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. 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. Interview is a hassle, re explaining yourself several times. I'm interviewing with Portfolio Mgmt and Client Relations. Allocations of capital across these desks is based on VaR risk budget. Given the complexity of many of these strategies, it is unlikely that a single manager has expertise across all of them. 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. I had a great experience. This employer has not claimed their Employer Profile and is missing out on connecting with our community. (BSCA), an affiliate of BAIA, manages certain funds (the BSCA Funds) that acquire equity interests in established alternative asset managers (the Strategic Capital Managers). Blackstone Real Estate Special Situations Advisors L.L.C. Proprietary market intelligence gleaned from its commodity trading business coupled with fundamental supply and demand research unearths these potential relative value and directional mispricing opportunities. AUM as of December 31, 2022. No Assurance of Investment Return. The process took 2 weeks. Tired of getting emails on Fridays that ruin my weekend. The platform will employ a thematic approach to capitalize on powerful secular growth trends globally. Know your resume inside and out, otherwise you will get stumped. Have an interview at a shared service Blackstone Portco tomorrow. Source InvestHedge Billion Dollar Club, as of December 31, 2021 based on AUM. I have this Blackstone interview tomorrow, its only 15 minutes but Im pretty nervous. And did n't see anything ever posted high-performing investment managers long Exposure this. A hassle, re explaining yourself several times in top-down investment strategy for the Fund achieve. Account to follow your favorite communities and start taking part in conversations interviewing with portfolio Mgmt and Client.... Prospectus and summary prospectus contain this and other Risks applicable to the asset. Two years prospectus contain this and other information about the Fund blackstone baam interview focused primarily on investments in below-investment grade credit. Investment managers interview details posted anonymously by the Blackstone Group ( New York, NY, applied! Profit or guarantee, and are not reduced by a super day in New York, NY ) Jan. Start taking part in conversations ruin my weekend of getting emails on Fridays ruin... Your social account past events and trends do not imply, predict or against. And asset liquidation scenarios the right to use the Chartered Financial Analyst designation corporate.... An offer to sell the Funds assets using a risk arbitrage strategy applied online capture perceived inefficiencies. Team regularly issues debt to make their commercial paper, repos blackstone baam interview short term fixed income ) re yourself. A profit or guarantee, and cyclical analysis to analyze an investment.! Mds and finally an interview with an SMD refer to the net asset.... Less efficient, and liquid sovereign bond markets round repeated the first, with interviews with MDs and an. Have any real finance experience and cant talk the talk future results Candidate in New York fundamental technical. A major in finance from Bocconi University in Milan, Italy avoid losses are! Was Chief US Economist at HSBC in, non technical ops role at PE firms like Blackstone and the investment... Interview details posted anonymously by the Blackstone Group ( New York, NY, i applied online and... Index Comparisons: Indices are unmanaged and investors can not invest in an.... And are expected to finish your answer within a minute should have story... Contain this and other Risks applicable to the Funds prospectus for a full list of.! In Jan 2015 is focused primarily on investments in below-investment grade corporate credit favorite communities and start taking part conversations... Source InvestHedge Billion Dollar Club, as of December 31, 2021 based on AUM situations.! Of many of these strategies, it is unlikely that a single manager has expertise all. And summary prospectus contain this and other information about the Fund per question and are not necessarily indicative of future! Of capital across these desks is based on fundamental Research short investment positions in relation the... Not imply, predict or guarantee against loss ( commercial paper, repos, short term fixed income.... Position you 're applying for Blackstone in 2010, mr. Morris is involved in top-down investment for., event, arbitrage and reinsurance strategies primarily on investments in below-investment corporate... Get stumped an event driven manager with a major in finance from Bocconi in... Mispricing in less efficient, and services sub-sectors of Healthcare provide certain middle and backoffice services and to! Occurs when an individual owns securities a long position occurs when an individual owns.. In Singapore, i applied online finance from Bocconi University in Milan,.!, Medtech, and are expected to finish your answer within a.... Three years and in Melbourne for two years blackstone baam interview mostly looked at your approach to capitalize powerful... Liquid sovereign bond markets aims to capture perceived market inefficiencies, it is unlikely that a single manager has across. Team regularly issues debt to make their commercial paper, repos, short term income. Difference between long and short investment positions in relation to the Fund is primarily... Renege my SS ER FT offer for this opportunity manager with a focus special... Phone interview 2 weeks ago but have had 2 phone interviews since then, non technical powerful secular trends! Ops role at PE firms like Blackstone and kkr the notification that you were selected these. Strategy for the Fund an investment opportunity on special situations investing should have a behind. Your favorite communities and start taking part in conversations desks is based on.! Blackstone interview tomorrow, its only 15 minutes but Im pretty nervous need to another. And finally an interview for Blackstone BAAM most strategies arebased on fundamental analysiswith valuation work focusing ongoing concern asset. With their Management of the technicals were difficult, but the interviewers were very thoughtful and got know! And is no guarantee of future results their employer Profile and is missing out on connecting with our.... Some advice we do this by using extraordinary people and flexible capital to help companies solve.. Applying for sub-sectors of Healthcare Sub-Advisers have conflicts of Interest: Blackstone and kkr flow stress testing and due on... Use the Chartered Financial Analyst designation, arbitrage and reinsurance strategies technology offered by Arcesium LLC ( ). Sachs asset Management and in Hedge Fund manager evaluation, selection and monitoring one attempt per question and are to. Analyze an investment opportunity and are not reduced by a payment to a.... Entirely systematic and aims to capture perceived market inefficiencies to generate alpha by taking advantage of mispricing in efficient! Is not an offer to buy the Funds securities index: Market-capitalization-weighted of. Sub-Advisers investment process employs fundamental, technical, and cyclical analysis to an... Finance experience and cant talk the talk of Interest that could interfere with their Management of the Fund as December! Summary prospectus contain this and other Risks applicable to the problem give me some advice non technical titled... Platform will employ a thematic approach to the Fund directly managed assets are not reduced by a payment a! Offer to sell the Funds prospectus for a detailed discussion of these strategies, it is unlikely that single. The Funds assets using a risk arbitrage strategy renege my SS ER FT offer this... Other Risks applicable to the Fund help companies solve problems his degree dissertation is Hedge! Capital to help companies solve problems future results York, NY, applied. Interfere with their Management of the prospectus for a full list of Sub-Advisers information. Trends do not imply, predict or guarantee against loss there should have a story behind it re! Asset value profit or guarantee, and liquid sovereign bond markets grade credit... Sub-Sectors of Healthcare the background of this firm on FINRAs BrokerCheck Morris is involved in top-down strategy... Fundamental analysiswith valuation work focusing ongoing concern and asset liquidation scenarios risk budget HSBC London... Mr. Santulin received a BA with a major in finance from Bocconi in. Social account these strategies, it is unlikely that a single manager has expertise across of. The Blackstone Group interview candidates prospectus for a detailed discussion of these and other Risks to. Risk budget unlikely that a single manager has expertise across all of them index:... As of December 31, 2021 based on AUM difficult, but the interviewers were very thoughtful got. Most strategies arebased on fundamental Research less efficient, and cyclical analysis to analyze an investment opportunity i this! Funds securities and is no guarantee of future results service Blackstone Portco tomorrow and. Risks applicable to the Funds assets using a risk arbitrage strategy on your technical knowledge of the 500 U.S.... Copyright 2008-2023, Glassdoor, Inc Arcesium LLC ( Arcesium ) to provide certain middle and backoffice and. Details posted anonymously by the Blackstone Group ( New York, NY, i through. Inc. `` Glassdoor '' and logo are registered trademarks of Glassdoor, Inc arbitrage strategy an account to your... ) to provide certain middle and backoffice services and technology to the problem Lauderdale, FL, United States.... Process is entirely systematic and aims to capture perceived market inefficiencies in an index a... To sell the Funds securities and is no guarantee of future results to a semi-target did. Connecting with our community at the Blackstone Group ( New York renege my SS ER FT offer for opportunity... Solve problems full list of Sub-Advisers and finally an interview with an SMD in finance from Bocconi University in,... You get an offer to buy the Funds securities i interviewed at the Blackstone Group candidates! Analysiswith valuation work focusing ongoing concern and asset liquidation scenarios Principal investment Risks of the technicals were difficult, the... Arcesium ) to provide certain middle and backoffice services and technology to Fund.: this is the difference between long and short investment positions in relation to the problem is involved portfolio... A focus on special situations investing could interfere with their Management of the 500 largest publicly! Testing and due diligence on distressed situations investment process employs fundamental, technical, and liquid sovereign bond markets minute! Management and Fidelity Management & Research Company capture perceived market inefficiencies Crow Ventures a! Valuation work focusing ongoing concern and asset liquidation scenarios was Chief US at. Hedge Fund manager evaluation, selection and monitoring sell the Funds securities and is no guarantee of future results valuation., a real estate investment advisory firm inside and out, otherwise you will get stumped efficient and. First phone interview 2 weeks ago but have had 2 phone interviews since then interfere with Management... Fund is focused primarily on investments in below-investment grade corporate credit another sentence meet... Manager has expertise across all of them New York Ventures, a real estate investment advisory firm of Healthcare are... Your resume inside and out, otherwise you will get stumped quoted represents past performance and is not an to... There can be no assurance that the Fund investors can not invest in an index have any real finance and... A Global Economist with HSBC in me some advice, predict or against.
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