Before joining Blackstone in 2001, Mr. Sullens served as a Director with Citi Alternative Investment Strategies, Citigroups hedge fund investment center. I interviewed at The Blackstone Group (New York, NY). I didn't get the invite until around 7pm yesterday. Prior to Deutsche Bank, Mr. Sickles held similar macro advisory roles for J.P. Morgan and Goldman Sachs in London, Hong Kong, and New York, and served as a Portfolio Manager for Tiger Management LLC. 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. HFRX Global Hedge Fund Index: Designed to be representative of the overall composition of the hedge fund universe. The process took 2 weeks. Standard deviation is calculated as the square root of variance. (2) Magnetar was formed in 2016 and is an affiliate of Magnetar Financial LLC, which was founded in 2005. Do your homework ahead of time. I'm kind of stressing a bit just due to time constraints. 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. This employer has not claimed their Employer Profile and is missing out on connecting with our community. Will follow up after to share my experience. Does anyone know if compliance at Blackstone etc. Does Blackstone provide WLB for working mom? (3) AUM as of 03/31/2022. 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. Prior to his six years at Disney, he was an analyst with Trammell Crow Ventures, a real estate investment advisory firm. Blackstone is the world's largest alternative asset manager. I don't have any real finance experience and can't "talk the talk." Anyone had this interview who could give me some advice? Superday is good. 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. 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. Assumenda quisquam voluptas neque expedita. Management is very friendly. We do this by using extraordinary people and flexible capital to help . 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. Source: InvestHedge Billion Dollar Club (as of December 31, 2021) based on AUM.2. 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. I applied through college or university. He is responsible for directing the manager research team in hedge fund manager selection and monitoring. 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 (2) Across all new investments where Blackstone has control over energy use. has a good work life balance? 1. Is this considered PE? Legal structuring? I have two first round phone interviews with Blackstone this week (SA positions) and am hoping to get some insight. Please contact your BAAM representative for further information. Everything on there should have a story behind it. 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. Capability to work 60 Hours as Intern? 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. Thanks! The charts above represent illustrative examples. Be the first to find this interview helpful, - Miami-Fort Lauderdale, FL, United States Area. 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. 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. Tempora aut velit sed eum molestias repudiandae. Does anyone know if compliance at Blackstone etc. Other risks include, but are not limited to: allocation risk, conflicts of interest risk, market risk and selection risk, derivatives risk, debt securities risk, equity securities risk, mortgage and asset-backed securities risk, multi-manager risk large purchase or redemption risk. The Program offers Summer Analyst's various technical training and professional development opportunities, the ability to network with professionals across all business units, and a robust mentorship experience to allow the . 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. 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. (BSCA), an affiliate of BAIA, manages certain funds (the BSCA Funds) that acquire equity interests in established alternative asset managers (the Strategic Capital Managers). 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. 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. I need to write another sentence to meet the word limit. Any advice in terms of preparation or types of questions to expect? Thoughts on ops role at PE firms like blackstone and kkr? Glassdoor users rated their interview experience at. All returns include dividend and capital gain distributions. (1) BAIA is the Funds Investment Manager and manages a portion of the Funds assets directly. The strategy seeks to generate alpha by taking advantage of mispricing in less efficient, and liquid sovereign bond markets. Thoughts on ops role at PE firms like blackstone and kkr? I then had one more slightly longer phone interview, followed by a final interview in New York. Interview Tutorials & Structured Techniques. For a discussion of this and other conflicts, please see the Additional Disclosure section at the end of this document. Press J to jump to the feed. Any allocation by Blackstone to a subsidiary or other affiliates (such as Magnetar) 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 end-to-end process is entirely systematic and aims to capture perceived market inefficiencies. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). Mr. Morris has authored many thematic research publications, including A Froth Finding Mission (Jan 2006), a 100-page report that anticipated the 2006-09 housing bust. Sage Rock is an event driven manager with a focus on special situations investing. 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. Blackstone's fund-of-funds portfolio, BAAM. Past events and trends do not imply, predict or guarantee, and are not necessarily indicative of, future events or results. Salary level, culture, etc. Free interview details posted anonymously by The Blackstone Group interview candidates. The gross exposure is one indication of the level of leverage in a portfolio. Can you tell me more about your last work experience? 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. Does anyone know if compliance at Blackstone etc. This employer has not claimed their Employer Profile and is missing out on connecting with our community. Seiga performs fundamental bottom-up research focusing on market inefficiencies and idiosyncratic ideas. Joe Dowling, Blackstone Global Head of BAAM, said:"David and Atish will be key leaders in BAAM and are excellent additions to the team. Plan your career in the wide world of finance. 1. 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. 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 I received an offer from a small buy side firm (very old firm) and while the compensation isn't extraordinary, the exposure is a big selling point. Before joining Blackstone in 2003, Mr. Santulin worked at Rasini & Co. Inc., a European fund-of-hedge-funds, where he opened and ran the New York office. His degree dissertation is titled Hedge Funds: Evolution and Investment Strategies. He has earned the right to use the Chartered Financial Analyst designation. Pre-recorded video interview that took 15-20 mins with a couple of questions. AUM as of December 31, 2022. DESIM, a member of the D.E. - Lots of interview rounds. The process took 2 weeks. Each investment position is generally judged on its own ability to generate profits consistent with its risk profile. - People were nice and welcoming - Very technical towards end of process. The platform is easy to use and you can record more than once. Specialists with expertise in specific alternative strategies are combined in one solution. Magnetar employs a process driven and quantitative approach to value complex merger offers and to measure and manage risk. Before joining Blackstone in 2010, Mr. Morris was Chief US Economist at HSBC in . 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). Ah, what makes you think that's the case? In the case of equity indices, performance of the indices reflects the reinvestment of dividends. Laboriosam corrupti consequatur molestiae occaecati officia accusantium. On Fishbowl, you can share insights and advice anonymously with The Blackstone Group employees and get real answers from people on the inside. Anonymous Interview Candidate in New York, NY, I applied online. 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. Seiga Asset Management Limited, a SAF Manager, is a subadviser to the Fund. 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. 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? Seeks to mitigate volatility through exposure to diversifying assets. 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. There can be no assurances that the objectives of any Blackstone initiative will be met. I interviewed at The Blackstone Group (New York, NY) in Dec 2022 Interview This is the pre-recorded interview, where they mainly ask about your background and relevant experiences. 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. Emso evaluates investment opportunities and performs an assessment of the risks related to those investments as well as the opportunities to mitigate them. I might be able to shed some color for REDS, NYC office. 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. Something you have been keeping up with and how you remain updated. Equity Securities Risk prices of equity and preferred securities fluctuate based on changes in a companys financial condition and overall market and economic conditions. I interviewed at The Blackstone Group. I went to a semi-target and didn't see anything ever posted. Can't go wrong with the opportunity. Asked in depth questions on the resume. You should also brush up on your technical knowledge of the position you're applying for. Anonymous Interview Candidate in New York, NY, I applied online. I interviewed at The Blackstone Group (New York, NY) in Sep 2018. All returns include dividend and capital gain distributions. All investors should consider the investment objectives, risks, charges and expenses of BXMIX, Class I carefully before investing. BAIAs fees on directly managed assets are not reduced by a payment to a sub-advisor. The hiring process at The Blackstone Group takes an average of 35.06 days when considering 34 user submitted interviews across all job titles. 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. 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. The Sub-Adviser is engaged in energy trading across North America and European gas, power and liquids markets. Salary level, culture, etc. The more spread apart the data, the higher the deviation. Second interview you meet the managers in person. Thanks! H/W/S? 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. I have my BAAM phone interview coming up. Contribute to the database and get 1 month free* Full online access! Emso monitors special situations, such as debt restructurings, as well as mispricings due to forced liquidations of substantial holdings. These funds allocate capital (at least 30% combined) to a mix of alternative strategies that aim to minimize exposure to traditional market risks. There can be no assurances that any of the trends described herein will continue or will not reverse. I'm interviewing with Portfolio Mgmt and Client Relations. Mr. Santulin is involved in portfolio management and in hedge fund manager evaluation, selection and monitoring. Endeavour evaluates investment opportunities with a stock specific lens, understanding how industry trends, economic data, and competitive dynamics impact company fundamentals to inform idea generation, analysis, and risk management. 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. 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. See Principal Investment Risks of the prospectus for a detailed discussion of these and other risks applicable to the Fund. Have an interview at a shared service Blackstone Portco tomorrow. Questions were a mix of technical and fit. Any insight would be appreciated. The process took 4 months. 5 The Blackstone Group BAAM Analyst interview questions and 5 interview reviews. What is a blackstone endeavor/initiative that you find interesting? Can you give more about the details of what target you're at? Jasper employs a quantitative investment process centered around the creation of alpha factors. Blackstone's Summer Analyst Program is 10-weeks in length and will provide participants broad exposure to the Firm. Quantitative Strategist (Vice President). Long Exposure: A long position occurs when an individual owns securities. 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. 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. Is this considered PE? Learn More $80B Investor Capital Under Management 26+ Year Track Record 115 Investment Professionals WHAT WE DO 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. Do you think hedge fund will generate lower or higher returns in the future, and why do you think so? 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. We do this by using extraordinary people and flexible capital to help companies solve problems. Blackstone BAAM Treasury Analyst interview I have this Blackstone interview tomorrow, it's only 15 minutes but I'm pretty nervous. Blackstone makes no assurances as to the accuracy or completeness thereof. Strategies are asset weighted based on the distribution of assets in the hedge fund industry. Sed facere quia sed voluptas. Anonymous Interview Candidate in Singapore, I applied through other source. I was told it might last for 2 hours but ended up going for 4 hours. I felt like everyone was very open, energetic, and had only good things to say about working there. BAIA manages a portion of the Funds assets directly. Morris is involved in top-down investment strategy, asset allocation and macroeconomic analysis for BAAM. Index data is obtained from unaffiliated third parties and is subject to subsequent adjustments. Thoughts on ops role at PE firms like blackstone and kkr? I had a phone interview first that took 30 minutes and was mostly fit. BX LCS is focused on generating risk-adjusted returns with a strong emphasis on capital preservation across various credit instruments including bank loans, high yield bonds and collateralized loan obligation (CLO) securities. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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. The entire process took about max 15 minutes. 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. Why BlackRock? (1) Blackstone and its affiliates have financial interests in asset managers. 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