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. DESIM, a member of the D.E. Thanks! superday is apparently this Friday. Performance data quoted represents past performance and is no guarantee of future results. I have two first round phone interviews with Blackstone this week (SA positions) and am hoping to get some insight. Diversification does not ensure a profit or guarantee against loss. I applied on campus, and first round was 20 minute phone interview with an investment analyst. what are the interviews like for Blackstone Alternative Asset Management? I then had one more slightly longer phone interview, followed by a final interview in New York. Have an interview at a shared service Blackstone Portco tomorrow. I dont have any real finance experience and cant talk the talk. Anyone had this interview who could give me some advice? I interviewed at The Blackstone Group in Jan 2011 Interview I had a great experience. The entire process took about max 15 minutes. Also, any info regarding salary, bonus, hours, etc.? 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. The indices do not reflect the deduction of fees or expenses. Does anyone know if compliance at Blackstone etc. 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. This employer has not claimed their Employer Profile and is missing out on connecting with our community. I had a phone interview first that took 30 minutes and was mostly fit. 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. Describe Your Previous Experience? More specifically, Jensens Measure is used to calculate alpha. Can't go wrong with the opportunity. - Some interviews were with multiple people. This employer has not claimed their Employer Profile and is missing out on connecting with our community. S&P 500 Index: Market-capitalization-weighted index of the 500 largest U.S. publicly traded companies. Blackstone Strategic Alliance Advisors L.L.C. 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. Performance data quoted represents past performance and is no guarantee of future results. I applied through college or university. (1) AUM as of 03/31/2022. Current performance may be lower or higher than the performance data quoted. BRESSA, a wholly-owned subsidiary of The Blackstone Group L.P. and an affiliate of BAIA, is an investment adviser within the Blackstone Real Estate Debt Strategies group (BREDS). Basically their treasury team regularly issues debt to make their commercial paper more liquid to make it easier for them to borrow. I have my BAAM phone interview coming up. (2) Magnetar was formed in 2016 and is an affiliate of Magnetar Financial LLC, which was founded in 2005. Why are you looking to make the move over to BAAM? What should I know /ask during the interview? Blackstone is the world's largest alternative asset manager. There can be no assurance that the Fund will achieve its goals or avoid losses. Such investments presently include allocations to funds managed by third-party asset managers, opportunistic trades and hedging. Diversification does not ensure a profit or guarantee against loss. Current performance may be lower or higher than the performance data quoted. HFRX Global Hedge Fund Index: Designed to be representative of the overall composition of the hedge fund universe. Opens the Fishbowl by Glassdoor site in a new window, Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3). All investors are urged to carefully read the prospectus and the summary prospectus, in its entirety before investing. One is for their Alternative Asset Management Group (BAAM - hedge fund solutions) and the other is for Real Estate Debt Strategies (BREDS). 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. Have obviously prepped and done my research but any further input would be much appreciated. BX LCSs investment strategy for the Fund is focused primarily on investments in below-investment grade corporate credit. All investors should consider the investment objectives, risks, charges and expenses of BXMIX, Class I carefully before investing. Et dolor quo quod est. Comparisons to indices have limitations because indices have risk profiles, volatility, asset composition and other material characteristics that may differ from BXMIX. 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. Most strategies arebased on fundamental analysiswith valuation work focusing ongoing concern and asset liquidation scenarios. or Want to Sign up with your social account? I'm interested in learning about this as well. Mr. Ben-Ur joined Blackstone from CAM Capital, the single-family office of Bruce Kovner, where he served as Chief Investment Officer for nearly 10 years, and managed assets exclusively for entities related to Mr. Bruce Kovner and CAMs senior employees. (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. 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. Enim sed eius aut eveniet aut dolorum. There were two 20 minute phone interviews. Can you tell me more about your last work experience? 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. 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. 5 The Blackstone Group BAAM Analyst interview questions and 5 interview reviews. The Fund will not participate in any of the economic arrangements between the BSCA Funds and any Strategic Capital Manager with which the Fund invests. It combines a value-oriented investment approach with a macro overlay. Tired of getting emails on Fridays that ruin my weekend. Does Blackstone provide WLB for working mom? has a good work life balance? 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. Mr. Morris holds a Bachelors degree in Applied Economics from Deakin University in Melbourne, Australia and an MSc in Financial Economics from the University of London. Interviews at The Blackstone Group Experience Positive 100% Getting an Interview Campus Recruiting 100% Difficulty 3.0 Average Hard Average Easy Interviews for Top Jobs at The Blackstone Group Analyst (53) Summer Analyst (45) Software Engineer (21) Intern (21) See more interviews for top jobs The process took 2 weeks. . 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. 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. I interviewed at The Blackstone Group in Jan 2011. Specialists with expertise in specific alternative strategies are combined in one solution. 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. basic describe your background and why you should work here questions. 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. 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. How does one get an interview for Blackstone BAAM? Supposed to receive the written offer tomorrow or Friday. Have an interview at a shared service Blackstone Portco tomorrow. This website uses cookies, including third-party cookies, in order to obtain information about your visit to the website and make this website better. It specialises in stream learning algorithms to analyse large quantities of data, built solely on proprietary infrastructure. - People were nice and welcoming - Very technical towards end of process. BAIAs fees on directly managed assets are not reduced by a payment to a sub-advisor. Learn More $80B Investor Capital Under Management 26+ Year Track Record 115 Investment Professionals WHAT WE DO Then, I had another 20 minute phone interview with another analyst. I didn't get the invite until around 7pm yesterday. 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. BXMIX provides a diversified blendof alternative strategies and hedge fund managersin a single daily liquid mutual fund.1. Know your essential finance vocabulary and concepts. Is this considered PE? Good group. The prospectus and summary prospectus contain this and other information about the Fund. 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. BAIA allocations are subject to change and BAIAs fees on directly managed assets are not reduced by a payment to a subadviser. Does Blackstone provide WLB for working mom? There can be no assurances that any of the trends described herein will continue or will not reverse. This material is not an offer to sell the Funds securities and is not soliciting an offer to buy the Funds securities. Please contact your financial advisor to learn more. You should also brush up on your technical knowledge of the position you're applying for. David Ben-Ur is a Senior Managing Director of Blackstone and Chief Investment Officer of BAAMs Principal Solutions(BPS) and Individual Investor Solutions(IIS) businesses. I then had one more slightly longer phone interview, followed by a final interview in New York. 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. Then, I had another 20 minute phone interview with another analyst. Superday is good. Anonymous Interview Candidate in New York, NY, I applied online. Some of the technicals were difficult, but the interviewers were very patient and mostly looked at your approach to the problem. Everything on there should have a story behind it. Does anyone know if compliance at Blackstone etc. One is for their Alternative Asset Management Group (BAAM - hedge fund solutions) and the other is for Real Estate Debt Strategies (BREDS). I applied online. (1) Blackstone and its affiliates have financial interests in asset managers. Any insight would be appreciated. The indices may include holdings that are substantially different than investments held by BXMIX and do not reflect the strategy of the Fund. The platform will employ a thematic approach to capitalize on powerful secular growth trends globally. The data presented above is based on information obtained or derived from the Sub-Adviser. I have two first round phone interviews with Blackstone this week (SA positions) and am hoping to get some insight. Magnetar employs a process driven and quantitative approach to value complex merger offers and to measure and manage risk. Why BlackRock? 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. Omnis et sequi consequatur. (3) AUM as of 03/31/2022. 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. 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. Is this considered PE? Nephila leverages its CAT models, proprietary risk systems, meteorological forecasts and industry relationships to evaluate the reinsurance market. 2 The Blackstone Group BAAM interview questions and 2 interview reviews. (1) Blackstone and its affiliates have financial interests in asset managers. Caspian invests in a variety of securities but has historically focused on three trading strategies: 1) stressed/distressed corporate situations; 2) capital structure arbitrage; and 3) value shorting. Source: InvestHedge Billion Dollar Club (as of December 31, 2021) based on AUM.2. 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. At Maverick, Mr. Abrahams also sat on the Portfolio Management Committee and Stock Committee, and he was a prior Co-Head of the Consumer Sector. BX LCS leverages the scale of BXCs platform, breadth and experience of its investment team and BXCs information advantage as the largest CLO manager. His degree dissertation is titled Hedge Funds: Evolution and Investment Strategies. He has earned the right to use the Chartered Financial Analyst designation. What position? BAMSF Information Statement DEF 14C (01.13.2023), BAMSF Information Statement DEF 14C (5.23.2022), BAMSF Information Statement DEF 14C (2.25.2022), Blackstone Securities Partners L.P., Dealer Manager / Member, I AM NOT A US PERSON, TAKE ME TO BLACKSTONE.COM, North America, Western Europe, and Australia. Debt Securities Risk investments in bonds and certain asset-backed securities are subject to risks, including but not limit to, the credit risk of the issuer of the security, the risk that the issuer undergoes a restructuring or a similar event, the risk that inflation decreases the value of assets or income from the investments, and the risk that interest rates changes adversely impact the debt investments. Sed exercitationem laudantium possimus et aperiam. Does anyone know if compliance at Blackstone etc. Glassdoor users rated their interview experience at. 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. (2) BAIAs estimated AUM is as of 03/31/2022. Asked in depth questions on the resume. Interview is a hassle, re explaining yourself several times. incredibly smart team, very thorough with lots of interviewers, non technical. The resulting portfolio is bucketed into five categories: credit, nominal rates, equities, inflation, and opportunistic. Thoughts on ops role at PE firms like blackstone and kkr? This site and the materials herein are directed only to certain types of investors and to persons in jurisdictions where the fund is authorized for distribution. 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. Riad Abrahams is a Senior Managing Director in BAAM, where he serves as Head of Strategy. Contribute to the database and get 1 month free* Full online access! What is a blackstone endeavor/initiative that you find interesting? All investors should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. 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. 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. Sign In. The strategy benefits from the portfolio managers trading acumen, active risk management techniques and the combined experience of the Sub-Advisers dedicated investment team. Seiga performs fundamental bottom-up research focusing on market inefficiencies and idiosyncratic ideas. Net Exposure: This is the difference between long and short investment positions in relation to the net asset value. I applied online. The process took 1 day. Have an interview at a shared service Blackstone Portco tomorrow. Short Exposure: Short selling a security not actually owned at the time of sale. Short positions can also generate returns when the price of a security declines. Diversification does not ensure a profit or guarantee against loss. 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. In the case of equity indices, performance of the indices reflects the reinvestment of dividends. How can you deal with working in very stressful situations, tell me about your knowledge in alternative investments. 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