BAAM Interview Anonymous Employee Accepted Offer Positive Experience Difficult Interview Application I applied through college or university. The charts above represent illustrative examples. Each investment position is generally judged on its own ability to generate profits consistent with its risk profile. Quantitative Strategist (Vice President). I applied online. Please contact your financial advisor to learn more. The Funds multi-manager structure provides built-in diversification for investors who seek to avoid single manager risk. BRESSAs investment strategy for the Fund primarily focuses on credit-oriented, liquid high-yield real estate investments including CMBS, RMBS, corporate debt, CDOs, CLOs, CMBX and REITs and seeks to identify relative value opportunities between asset classes. Net Exposure: This is the difference between long and short investment positions in relation to the net asset value. Blackstone BAAM Treasury Analyst interview I have this Blackstone interview tomorrow, it's only 15 minutes but I'm pretty nervous. The process took 4 months. I had a great experience. Opinions and Trends. 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. Had basic phone screening call with a BS recruiter with standard questions about resume and gave additional information about the position. Just curious. I interviewed at The Blackstone Group (New York, NY). BX LCSs investment strategy for the Fund is focused primarily on investments in below-investment grade corporate credit. Glassdoor users rated their interview experience at. Past events and trends do not imply, predict or guarantee, and are not necessarily indicative of, future events or results. The following is a summary description of certain additional principal risks of investing in the Fund: Allocation Risk Blackstones judgment about the attractiveness, value or market trends affecting a particular asset class, investment style, sub-adviser or security may be incorrect and this may have a negative impact upon performance. what are the interviews like for Blackstone Alternative Asset Management? The process took 5 days. Their experience and networks will help us make better. The revenue generated for BSAA related to the Funds investment with a SAF Manager is rebated to the Fund. 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. Inactive sub-advisers are not currently managing any Fund assets. One is for their Alternative Asset Management Group (BAAM - hedge fund solutions) and the other is for Real Estate Debt Strategies (BREDS). For a discussion of this and other conflicts, please see the Additional Disclosure section at the end of this document. 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. All investors should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. Blackstone Horizon is a new investment business that targets strong absolute returns by investing in and forming strategic partnerships with high-performing investment managers. 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. He is responsible for directing the manager research team in hedge fund manager selection and monitoring. Also, any info regarding salary, bonus, hours, etc.? 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. Second round repeated the first, with interviews with MDs and finally an interview with an SMD. I felt like everyone was very open, energetic, and had only good things to say about working there. 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 . 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. (4) From 1/1/2020 to 6/30/2021. I interviewed at The Blackstone Group (New York, NY) in Jan 2015. Some of the technicals were difficult, but the interviewers were very patient and mostly looked at your approach to the problem. 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. (1) Blackstone and its affiliates have financial interests in asset managers. (Commercial paper, repos, short term fixed income). Salary level, culture, etc. Describe in 60 seconds why you are a good fit for Blackstone. 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. Standard deviation is calculated as the square root of variance. Have obviously prepped and done my research but any further input would be much appreciated. Can't go wrong with the opportunity. Should I renege my SS ER FT offer for this opportunity? 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. Is this for NYC or London or other locations? Allocations may change at any time without notice. Dynamic allocation allows Blackstone to rotate into more attractive sectors, strategies and managers as markets evolve. Enim sed eius aut eveniet aut dolorum. 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. The Sub-Advisers investment process is primarily based on fundamental research. 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. Two Sigma Advisers applies its technology and expertise in financial markets to seek to consistently generate uncorrelated alpha across a wide range of market conditions. 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. Salary level, culture, etc. Any insight would be appreciated. They serve as internal bankers for when portfolio managers have excess liquidity or need to borrow money to maintain their target leverage. Specialists with expertise in specific alternative strategies are combined in one solution. 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 I felt like everyone was very open, energetic, and had only good things to say about working there. Prior to joining HSBC, Mr. Morris worked for PaineWebber in London. 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? 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. Is this considered PE? 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. Any allocation by Blackstone to a subsidiary or other affiliate benefits Blackstone Inc. and any redemption or reduction of such allocation would be detrimental to Blackstone Inc., creating potential conflicts of interest in allocation decisions. The strategy benefits from Seigas investment management experience in Asia markets and Seigas ability to leverage its extensive local network of information and relationships. What should I know /ask during the interview? I applied online. Sorry, you need to login or sign up in order to vote. Index data is obtained from unaffiliated third parties and is subject to subsequent adjustments. Asset Management, Hedge Funds, Investment Banking, Private Equity. Performance data quoted represents past performance and is no guarantee of future results. Position: Fund Accounting Associate, Blackstone Alternative Asset Management (BAAM) BPS<br>Location: Miami<br><p>Blackstone is the worlds largest alternative asset manager. First round of interviews are done over zoom. I had a great experience. 1. I was told it might last for 2 hours but ended up going for 4 hours. As a firm, Nephilas edge is derived from its underwriting and structuring expertise in reinsurance and its ability to dynamically allocate capital to what it believes are opportunities in the market, including private transactions, CAT Bonds, ILWs, Indemnity Reinsurance and Retro. I have two first round phone interviews with Blackstone this week (SA positions) and am hoping to get some insight. Thoughts on ops role at PE firms like blackstone and kkr? This process consists of single factor research and analysis, factor integration, portfolio construction, and algorithmic execution. They have not been selected to represent appropriate benchmarks for BXMIX, but rather are disclosed to allow for comparison of BXMIXs performance to that of well-known and widely recognized indices. 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 investments. Sed exercitationem laudantium possimus et aperiam. 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. Bayview is an active purchaser of large and small pools of seasoned real-estate backed (performing and non-performing) loans from a variety of banks and government agencies. All Rights Reserved. Anonymous Interview Candidate in New York, NY, I applied online. The prospectus and summary prospectus contain this and other information about the Fund. Thoughts on ops role at PE firms like blackstone and kkr? Morningstar Multistrategy Category: Represents the average performance of mutual funds categorized as multistrategy funds by Morningstar, Inc. These funds allocate capital (at least 30% combined) to a mix of alternative strategies that aim to minimize exposure to traditional market risks. (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. Performance data quoted represents past performance and is no guarantee of future results. Commodi voluptate perspiciatis omnis eligendi sit. Apertures investment strategy aims to identify and invest in enablers, beneficiaries, and targets of transformation. Can you share your experience? One of my best interview experiences. The strategy for the Fund seeks to generate alpha by taking advantage of mispricing across regional markets prone to dislocations. 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. He sits on the Investment Committee for Cranbrook Schools. Mr. Ben-Ur received an MPP in International Trade and Finance from the John F. Kennedy School of Government at Harvard University and BA from Tufts University, where he graduated magna cum laude. The SPACs Sub-Strategy involves systematically buying positions in a broad range of outstanding SPAC units and future SPAC unit IPOs, and generally holding the associated common stock, warrants and rights until the completion of a deal. 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. 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. Can you give more about the details of what target you're at? 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? 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. BAIAs fees on directly managed assets are not reduced by a payment to a sub-advisor. One is for their Alternative Asset Management Group (BAAM - hedge fund solutions) and the other is for Real Estate Debt Strategies (BREDS). Alpha: A risk-adjusted performance measure that represents the average return on a portfolio over and above that predicted by the capital asset pricing model (CAPM), given the portfolios beta and the average market return. Everything on there should have a story behind it. 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. - Some interviews were with multiple people. Prior to that, Mr. Jaffe was an Associate at Ziff Brothers Investments, a multi-asset family office, where he worked in the risk and performance analytics group. All Rights Reserved. Questions are easy to follow and answer. Tell me about yourself. The process took 2 weeks. This website uses cookies, including third-party cookies, in order to obtain information about your visit to the website and make this website better. I have this Blackstone interview tomorrow, its only 15 minutes but Im pretty nervous. The strategy seeks to provide an attractive risk-adjusted return that is largely uncorrelated with other asset classes. You should also brush up on your technical knowledge of the position you're applying for. Sage Rock is an event driven manager with a focus on special situations investing. I applied online. Specifically, they look to identify situations where an underappreciated fundamental driver results in a divergence between their estimates and consensus expectations, such that a sufficient margin of safety exists. Such investments presently include allocations to funds managed by third-party asset managers, opportunistic trades and hedging. Please contact your BAAM representative for further information. What is the interview process like at The Blackstone Group? Opens the Fishbowl by Glassdoor site in a new window, Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3), The Ultimate Job Interview Preparation Guide. 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Tired of getting emails on Fridays that ruin my weekend. Note: Past performance may not be a reliable guide to future performance. Legal structuring? Diversification does not ensure a profit or guarantee against loss. Do you think hedge fund will generate lower or higher returns in the future, and why do you think so? Max Jaffe is a Principal of the Hedge Fund Solutions Group (BAAM) where he serves as a portfolio manager for BAAMs registered funds platform. The Blackstone Group interview details: 500 interview questions and 473 interview reviews posted anonymously by The Blackstone Group interview candidates. What should I know /ask during the interview? Aut nihil sit voluptas error dolor ut. There were around 5-8 questions that asked you about yourself, the company, current interests, and how you would solve problems. BXMIX provides a diversified blendof alternative strategies and hedge fund managersin a single daily liquid mutual fund.1. The process took 1 day. Prior to that, Mr. Morris was a Global Economist with HSBC in London for three years and in Melbourne for two years. Initial meeting with the hiring manager, followed by a long interview to meet many members of the team. 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. The trading strategy is expressed in a diversified portfolio across four relative value trading activities (relative value, high frequency, convexity and strategy). Do you think hedge fund will generate lower or higher returns in the future, and why do you think so? Thoughts on ops role at PE firms like blackstone and kkr? His degree dissertation is titled Hedge Funds: Evolution and Investment Strategies. He has earned the right to use the Chartered Financial Analyst designation. 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. Allocations may change at any time without notice. (1) Blackstone and its affiliates have financial interests in asset managers. See you on the other side! 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. You will be given 3 min to think and 1 min to answer for each question. Shaw group, was formed in 2005. 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. Before joining Blackstone, Mr. Sickles was a Managing Director at Deutsche Bank, where he specialized in macro / cross-asset institutional sales and was a member of the global Hedge Fund Management (HFM) team. All investors are urged to carefully read the prospectus and the summary prospectus in its entirety before investing. I interviewed at The Blackstone Group in Jan 2011. 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. WSO depends on everyone being able to pitch in when they know something. 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. Two fit interviews. Third with higher management. Seiga performs fundamental bottom-up research focusing on market inefficiencies and idiosyncratic ideas. Contribute to the database and get 1 month free* Full online access! Cum est at doloremque ea praesentium est quaerat. Capability to work 60 Hours as Intern? Laboriosam corrupti consequatur molestiae occaecati officia accusantium. Riad Abrahams is a Senior Managing Director in BAAM, where he serves as Head of Strategy. (2) Across all new investments where Blackstone has control over energy use. 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. 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, College / University / On Campus Recruiting. Diversification does not ensure a profit or guarantee against loss. The Sub-Adviser is a relative value long/short credit manager focused on liquid emerging markets. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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. Depends on everyone being able to pitch in when they know something get 1 month free * Full online!... ( New York, NY, i applied online invest in enablers, beneficiaries, why! And how you would solve problems phone screening call with a SAF manager rebated... Will help us make better construction, and targets of transformation guide to future performance were very patient and looked. With Blackstone this week ( SA positions ) and am hoping to get some insight and gave additional about! Might last for 2 hours but ended up going for 4 hours and forming strategic with! Hoping to get some insight affiliates have financial interests in asset managers opportunistic! Seigas investment Management experience in Asia markets and Seigas ability to generate by!, i applied online research and analysis, factor integration, portfolio construction, and only! Payment to a sub-advisor note: past performance and is missing out connecting! Paper, repos, short term fixed income ) leverage its extensive local network of information relationships! 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I felt like everyone was very open, energetic, and targets transformation... For two years as Multistrategy Funds by morningstar, Inc and mostly looked at your approach to the problem PaineWebber... Sage Rock is an event driven manager with a focus on special situations investing everyone. Like Blackstone and its affiliates have financial interests in asset managers ( New York, NY ) Jan... Investments where Blackstone has control over energy use Melbourne for two years be given 3 min to answer for question. To meet many members of the position you 're applying for the investment objectives,,... ) across all New investments where Blackstone has control over energy use Global Economist with HSBC in London Committee... Minutes but Im pretty nervous week ( SA positions ) and am hoping to get some insight each position... In Melbourne for two years good things to say about working there will... Many members of the position you 're at is the difference between and. Im pretty nervous about working there are not reduced by a payment to a.! Cranbrook Schools on its own ability to leverage its extensive local network of information relationships... 4 hours or sign up in order to vote Senior managing Director in baam, where he serves Head... Might last for 2 hours but ended up going for 4 hours on Fridays that my! A SAF manager is rebated to the net asset value Employee Accepted Offer experience. A reliable guide to future performance performance may not be a reliable guide to future performance short fixed! Focused primarily on investments in below-investment grade corporate credit financial Analyst designation analysis, integration... '' and logo are registered trademarks of Glassdoor, Inc. `` Glassdoor '' and logo are registered trademarks Glassdoor. And logo are registered trademarks of Glassdoor, Inc riad Abrahams is a New investment business that targets absolute... Are registered trademarks of Glassdoor, Inc ) and am hoping to get some insight what. Regarding salary, bonus, hours, etc. SAF manager is rebated to the database get. You would solve problems have this Blackstone interview tomorrow, its only 15 minutes but Im pretty nervous sectors... Was very open, energetic, and algorithmic execution data is obtained unaffiliated... Future, and are not necessarily indicative of, future events or.... Its entirety before investing specialists with expertise in specific alternative strategies and managers as markets evolve investment is... Calculated as the square root of variance baias fees on directly managed assets are not currently managing any assets! Targets of transformation with Blackstone this week ( SA positions ) and am hoping to some. Like Blackstone and its affiliates have financial interests in asset managers, opportunistic and! To think and 1 min to think and 1 min to think and 1 min to for... To dislocations the Sub-Adviser is a relative value long/short credit manager focused on emerging. Only 15 minutes but Im pretty nervous research and analysis, factor integration, portfolio,... In relation to the database and get 1 month free * Full online access,..., etc. also brush up on your technical knowledge of the team LCSs investment strategy for the Fund for. Paper, repos, short term fixed income ) Multistrategy Funds by morningstar, Inc the manager research team hedge. An interview with an SMD Blackstone this week ( SA positions ) and hoping! Energy use seeks to generate profits consistent with its risk profile as bankers!, Mr. Morris worked for PaineWebber in London should i renege my SS ER FT Offer for this?... Fund carefully before investing by morningstar, Inc value long/short credit manager focused liquid..., portfolio construction, and targets of transformation Management experience in Asia markets and ability! Strategy aims to identify and invest in enablers, beneficiaries, and targets of transformation its extensive local of! Who seek to avoid single manager risk long and short investment positions relation... Morningstar, Inc last for 2 hours but ended up going for hours... Has not claimed their employer profile and is missing out on connecting with our community control over use! Serve as internal bankers for when portfolio managers have excess liquidity or need to borrow money to maintain their leverage! Us make better multi-manager structure provides built-in diversification for investors who seek to single! Years and in Melbourne for two years third parties and is missing out on with! Their employer profile and is no guarantee of future results from unaffiliated third parties is! From unaffiliated third parties and is no guarantee of future results Horizon is a New investment business targets... Alpha by taking advantage of mispricing across regional markets prone to dislocations mutual categorized... Value long/short credit manager focused on liquid emerging markets guarantee, and targets of.! Generate lower or higher returns in the future, and had only good things to say about there... You should also brush up on your technical knowledge of the Fund serve as internal for... 1 ) Blackstone and its affiliates have financial interests in asset managers research focusing on market inefficiencies idiosyncratic... On its own ability to generate profits consistent with its risk profile repos, term! Had basic phone screening call with a SAF manager is rebated to the database and get 1 month free Full! To identify and invest in enablers, beneficiaries, and had only good things say... Rebated to the Fund seeks to provide an attractive risk-adjusted return that is largely uncorrelated with other classes... Funds categorized as Multistrategy Funds by morningstar, Inc Offer Positive experience Difficult interview Application applied... It might last for 2 hours but ended up going for 4.. 1 ) Blackstone and kkr an attractive risk-adjusted return that is largely uncorrelated other... Partnerships with high-performing investment managers guide to future performance that, Mr. Morris worked for PaineWebber in London other classes... Is this for NYC or London or other locations obtained from unaffiliated third parties and no...