The process took 2 weeks. Salary level, culture, etc. Exclusive Insight From 11+ Interviewers. 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. 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. What is a blackstone endeavor/initiative that you find interesting? Equity Securities Risk prices of equity and preferred securities fluctuate based on changes in a companys financial condition and overall market and economic conditions. Overall quick and moderate process. There can be no assurance that the Fund will achieve its goals or avoid losses. Net Exposure: This is the difference between long and short investment positions in relation to the net asset value. The emphasis is on securities that are undervalued either due to insufficient research coverage of the obligor or due to the complexity of their structure. The prospectus and the summary prospectus contain this and other information about BXMIX and are available on BXMIXs website at www.bxmix.com. The Funds multi-manager structure provides built-in diversification for investors who seek to avoid single manager risk. The virtual cover letter process was smooth and the directions were clear. - Lots of interview rounds. Prior to his six years at Disney, he was an analyst with Trammell Crow Ventures, a real estate investment advisory firm. 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. - Met with a variety of people from across all levels. 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. I'm assuming they will be mostly fit but I've heard they sometimes throw in technicals depending on the group. Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3). All Rights Reserved. I need to write another sentence to meet the word limit. I interviewed at The Blackstone Group (Singapore) in Feb 2023. One is for their Alternative Asset Management Group (BAAM - hedge fund solutions) and the other is for Real Estate Debt Strategies (BREDS). 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. I went to a semi-target and didn't see anything ever posted. Do your homework ahead of time. Such investments presently include allocations to structured notes providing exposure to commodity and equity capital markets strategies managed by third-party investment managers, opportunistic trades and hedging. 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. On Fishbowl, you can share insights and advice anonymously with The Blackstone Group employees and get real answers from people on the inside. 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. What position? On-campus interview followed by a super day in New York. 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. Voluptatem voluptatem eos et quaerat deserunt. Types of questions? 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. Conflicts of Interest: Blackstone and the Sub-Advisers have conflicts of interest that could interfere with their management of the Fund. Assumenda quisquam voluptas neque expedita. Can you share your experience? 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. has a good work life balance? 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. There can be no assurance the Fund will achieve its objectives or avoid significant losses. Diversification does not ensure a profit or guarantee against loss. The Waterfall team performs intensive cash flow stress testing and due diligence on distressed situations. 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. This employer has not claimed their Employer Profile and is missing out on connecting with our community. 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. 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? Be the first to find this interview helpful, - Miami-Fort Lauderdale, FL, United States Area. Jobs; . In this role, Mr. Jaffe is actively involved in asset allocation, portfolio construction, and risk management. The platform will employ a thematic approach to capitalize on powerful secular growth trends globally. I had a great experience. or Want to Sign up with your social account? Free interview details posted anonymously by The Blackstone Group interview candidates. Note: Past performance may not be a reliable guide to future performance. This website uses cookies, including third-party cookies, in order to obtain information about your visit to the website and make this website better. Thanks! Winfield Sickles is a Managing Director in BAAM, where he focuses on portfolio management for customized and commingled hedge fund portfolios. Intelligent computational systems translate vast amounts of information into a diversified set of investment strategies and integrate real-time risk management into the portfolio construction process. Does anyone know if compliance at Blackstone etc. I interviewed at The Blackstone Group. Can you tell me more about your last work experience? What is the probability that one appears before the other? Mr. Abrahams has a B.A. (1) Blackstone and its affiliates have financial interests in asset managers. Does Blackstone provide WLB for working mom? Tired of getting emails on Fridays that ruin my weekend. Sed facere quia sed voluptas. The indices do not reflect the deduction of fees or expenses. Emsos investment strategy typically pursues value-oriented investments and transactions in the securities of sovereign and corporate obligors, principally in emerging markets, which are primarily rated non-investment grade. 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. The process took 4 months. The data presented above is based on information obtained or derived from the Sub-Adviser. 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. This knowledge informs a risk analysis of potential positions, creates investment opportunities and enables security selection to create a portfolio consistent with Blackstones global viewpoint. Is this considered PE? Nephila manages a variety of portfolios focusing on different natural catastrophe insurancelinked instruments that provide varying levels of risk profiles to investors. Superday is good. 150+ Past Interview Questions & Model Answers. 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. 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. 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. Understand BAAM is historically fund of funds. (3) AUM as of 03/31/2022. For a discussion of this and other conflicts, please see the Additional Disclosure section at the end of this document. Be the first to find this interview helpful. (4) From 1/1/2020 to 6/30/2021. Asked in depth questions on the resume. Why BlackRock? 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. Derivatives can be subject to counterparty credit risk and may entail investment exposure greater than their notional amount. Questions are easy to follow and answer. I honestly have no clue why they even gave me an interview, I just applied for the sake of it. There can be no assurances that any of the trends described herein will continue or will not reverse. I interviewed at The Blackstone Group (New York, NY). The strategy uses a combination of both qualitative and quantitative approaches to forecast expected returns for global assets based on modeling time-varying risk premia and various other dynamics in asset prices. 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. Comparisons to indices have limitations because indices have risk profiles, volatility, asset composition and other material characteristics that may differ from BXMIX. The gross exposure is one indication of the level of leverage in a portfolio. 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. Most strategies arebased on fundamental analysiswith valuation work focusing ongoing concern and asset liquidation scenarios. On Fishbowl, you can share insights and advice anonymously with The Blackstone Group employees and get real answers from people on the inside. 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. This employer has not claimed their Employer Profile and is missing out on connecting with our community. (1) Sub-Adviser is not currently managing any Fund assets. What should I know /ask during the interview? Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). All Rights Reserved. (3) Representing active underlying managers as of 6/30/2021. He sits on the Investment Committee for Cranbrook Schools. 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. Sed exercitationem laudantium possimus et aperiam. Mr. Sullens oversees portfolio management for all of BAAMs multi-manager programs. Quantitative Strategist (Vice President). Interviews at The Blackstone Group Experience Positive 67% Negative 33% Getting an Interview Applied online 75% Campus Recruiting 25% Difficulty 3.0 Average Hard Average Easy Interviews for Top Jobs at The Blackstone Group Analyst (52) Summer Analyst (44) Software Engineer (21) Intern (20) 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. BAIAs fees on directly managed assets are not reduced by a payment to a sub-advisor. 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. This employer has not claimed their Employer Profile and is missing out on connecting with our community. 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. 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. Blackstone does not guarantee the accuracy and completeness of such information and provides no assurance regarding the performance, management or affairs of the Sub-Adviser. Standard Deviation:A measure of the dispersion of a set of data from its mean. Note: Past performance may not be a reliable guide to future performance. 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. I have one coming up as well. Leverage Risk use of leverage can produce volatility and may exaggerate changes in the net asset value of Fund shares and in the return on the portfolio, which may increase the risk that the Fund will lose more than it has invested. 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. The resulting portfolio is bucketed into five categories: credit, nominal rates, equities, inflation, and opportunistic. 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 Just curious. Morris is involved in top-down investment strategy, asset allocation and macroeconomic analysis for BAAM. 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. These funds allocate capital (at least 30% combined) to a mix of alternative strategies that aim to minimize exposure to traditional market risks. Flipping a coin infinitely many times, does the pattern HHT or HTH is more likely to appear? What should I know /ask during the interview? Capability to work 60 Hours as Intern? I applied through college or university. Does anyone know if compliance at Blackstone etc. Morningstar Multistrategy Category: Represents the average performance of mutual funds categorized as multistrategy funds by Morningstar, Inc. 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. Indices are provided for illustrative purposes only. This material is not an offer to sell the Funds securities and is not soliciting an offer to buy the Funds securities. I applied through college or university. I interviewed at The Blackstone Group (New York, NY) in Sept 2018. Blackstone and its affiliates have financial interests in asset managers. (1) Blackstone and its affiliates have financial interests in asset managers. BAIA manages a portion of the Funds assets directly. Prior to joining HSBC, Mr. Morris worked for PaineWebber in London. This was not necessary in my interview but I've found that always helps. Diversification does not ensure a profit or guarantee against loss. The process took 5 days. While the team has the ability to evaluate investments from a scientific perspective, the strategy is grounded in translating how industry trends and competitive dynamics may impact company fundamentals, with an emphasis on financial metrics. For a discussion of this and other conflicts, please see the Additional Disclosure section at the end of this document. Had my first round for BAAM this morning. Diversification does not ensure a profit or guarantee against loss. 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. 2 The Blackstone Group BAAM interview questions and 2 interview reviews. - Miami-Fort Lauderdale, FL, United States Area. Anonymous Interview Candidate in New York, NY, I applied online. I applied online. 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. Check the background of this firm on FINRAs BrokerCheck. Specialists with expertise in specific alternative strategies are combined in one solution. The Sub-Advisers investment process is primarily based on fundamental research. Interview is a hassle, re explaining yourself several times. Press J to jump to the feed. Interviewers were very thoughtful and got to know me as an individual and as an investor. Please note that additional details concerning the Funds performance, liquidity and asset class exposures are available upon request. In that role, he was responsible for manager selection and monitoring, as well as portfolio management. Has anyone interviewed with either of these groups before and can shed some light? 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? Stephen W. Sullens is a Senior Managing Director of The Blackstone Group and Head of Portfolio Management for the Hedge Fund Solutions Group. Was told and convinced I was qualified for the position several times, human resources had never even contacted me to give me the outcome of the interview and tell me I hadn't been chosen. Blackstone BAAM interview (Originally Posted: 09/27/2009). BXMIX provides a diversified blendof alternative strategies and hedge fund managersin a single daily liquid mutual fund.1. 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. 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. Note: Past performance may not be a reliable guide to future performance. Hill will step back from the day-to-day operations and transition to a new role as chairman of BAAM, maintaining strong investor relationships and providing strategic advice to the senior management team. The end-to-end process is entirely systematic and aims to capture perceived market inefficiencies. We do this by using extraordinary people and flexible capital to help . 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