BAIA allocations are subject to change and BAIAs fees on directly managed assets are not reduced by a payment to a subadviser. Press question mark to learn the rest of the keyboard shortcuts. I'm interviewing with Portfolio Mgmt and Client Relations. Emso monitors special situations, such as debt restructurings, as well as mispricings due to forced liquidations of substantial holdings. There can be no assurance that the Fund will achieve its goals or avoid losses. 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. I felt like everyone was very open, energetic, and had only good things to say about working there. What should I know /ask during the interview? Derivatives can be subject to counterparty credit risk and may entail investment exposure greater than their notional amount. No Assurance of Investment Return. 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. Questions were a mix of technical and fit. I interviewed at The Blackstone Group (New York, NY) in Jan 2015. We do this by using extraordinary people and flexible capital to help . Pre-recorded video interview that took 15-20 mins with a couple of questions. Aut nihil sit voluptas error dolor ut. Should I renege my SS ER FT offer for this opportunity? BRESSA benefits from the expertise, proprietary insight and deep relationships of the Blackstone real estate teams. Some of the technicals were difficult, but the interviewers were very patient and mostly looked at your approach to the problem. The strategy for the Fund seeks to generate alpha by taking advantage of mispricing across regional markets prone to dislocations. This website uses cookies, including third-party cookies, in order to obtain information about your visit to the website and make this website better. Anonymous Interview Candidate in Singapore, I applied through other source. Interview Tutorials & Structured Techniques. I dont have any real finance experience and cant talk the talk. Anyone had this interview who could give me some advice? 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. Index data is obtained from unaffiliated third parties and is subject to subsequent adjustments. Conflicts of Interest: Blackstone and the Sub-Advisers have conflicts of interest that could interfere with their management of the Fund. I interviewed at The Blackstone Group (New York, NY). Blackstone BAAM interview (Originally Posted: 09/27/2009). The process took 4 months. 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. I then had one more slightly longer phone interview, followed by a final interview in New York. Waterfall is a specialist credit manager focused on high-yield asset-backed securities, real estate and consumer debt investments. How does one get an interview for Blackstone BAAM? Current performance may be lower or higher than the performance data quoted. What kind of background is needed to work in the BAAM group? The prospectus and the summary prospectus contain this and other information about BXMIX and are available on BXMIXs website at www.bxmix.com. He started his professional career at Blackstone in 1999 as a member of the Private Equity group. These conflicts, which are disclosed in the Funds Statement of Additional Information, include, without limitation: Glossary of Terms: Gross Exposure: Reflects the aggregate of long and short investment positions in relation to the net asset value. HealthCor seeks to maintain a hedged exposure. 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. 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. 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. BX LCSs investment strategy for the Fund is focused primarily on investments in below-investment grade corporate credit. 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. Before joining Blackstone in 2010, Mr. Morris was Chief US Economist at HSBC in . In that role, he was responsible for manager selection and monitoring, as well as portfolio management. 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. The Fund will not otherwise participate in any of the economic arrangements between the SAF Funds and any SAF Manager with which the Fund invests. 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. 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. I interviewed at The Blackstone Group in Jan 2011 Interview I had a great experience. The strategy benefits from the portfolio managers trading acumen, active risk management techniques and the combined experience of the Sub-Advisers dedicated investment team. This was not necessary in my interview but I've found that always helps. Second interview you meet the managers in person. (1) AUM as of 03/31/2022. 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. Also, any info regarding salary, bonus, hours, etc.? Apertures investment strategy aims to identify and invest in enablers, beneficiaries, and targets of transformation. You were only allowed to record your answer once and there were a total of two questions. Jasper is an institutionally focused quantitative investment manager that aims to take advantage of the idiosyncrasies of the Chinese A-share market regulatory environment and investor participant behavior. BXMIX provides a diversified blendof alternative strategies and hedge fund managersin a single daily liquid mutual fund.1. Anonymous Interview Candidate in New York, NY, I applied online. The prospectus and summary prospectus contain this and other information about the Fund. Press J to jump to the feed. Thoughts on ops role at PE firms like blackstone and kkr? 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. (2) Across all new investments where Blackstone has control over energy use. Net Exposure: This is the difference between long and short investment positions in relation to the net asset value. portfolio management? I interviewed at The Blackstone Group (New York, NY) in Jun 2014. Equity Securities Risk prices of equity and preferred securities fluctuate based on changes in a companys financial condition and overall market and economic conditions. Do you think hedge fund will generate lower or higher returns in the future, and why do you think so? 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. DESIM, a member of the D.E. The strategy for the Fund seeks to generate alpha by identifying mis-pricingsthat arise from the markets high level of retail investor participation (behavioral biases) and arbitrage opportunities created by regulatory frictions. All investors should consider the investment objectives, risks, charges and expenses of BXMIX, Class I carefully before investing. Exclusive Insight From 11+ Interviewers. Glassdoor users rated their interview experience at. The gross exposure is one indication of the level of leverage in a portfolio. John P. McCormick will succeed J. Tomilson Hill as president and chief executive of Blackstone Alternative Asset Management (BAAM.) The strategy also employs DESIMs rigorous risk management process, which involves the application of a proprietary optimizer supplemented by a scenario-based framework focused on managing tail risk. Sign In. I interviewed at The Blackstone Group (New York, NY) in Sep 2018. Salary level, culture, etc. Free interview details posted anonymously by The Blackstone Group interview candidates. Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3). On Fishbowl, you can share insights and advice anonymously with The Blackstone Group employees and get real answers from people on the inside. I have one coming up as well. Commodi voluptate perspiciatis omnis eligendi sit. The trading strategy is expressed in a diversified portfolio across four relative value trading activities (relative value, high frequency, convexity and strategy). Any advice in terms of preparation or types of questions to expect? Companies. Be the first to find this interview helpful, - Miami-Fort Lauderdale, FL, United States Area. On Fishbowl, you can share insights and advice anonymously with The Blackstone Group employees and get real answers from people on the inside. 2005-2023 Wall Street Oasis. The hiring process at The Blackstone Group takes an average of 35.06 days when considering 34 user submitted interviews across all job titles. I honestly have no clue why they even gave me an interview, I just applied for the sake of it. 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. Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3), interview process at The Blackstone Group. Winfield Sickles is a Managing Director in BAAM, where he focuses on portfolio management for customized and commingled hedge fund portfolios. I had a phone interview first that took 30 minutes and was mostly fit. Bit of an old thread but I have an interview coming up for BAAM as well. Length? Prior to his six years at Disney, he was an analyst with Trammell Crow Ventures, a real estate investment advisory firm. 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. Thoughts on ops role at PE firms like blackstone and kkr? 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. Tired of getting emails on Fridays that ruin my weekend. Before joining Blackstone in 2001, Mr. Sullens served as a Director with Citi Alternative Investment Strategies, Citigroups hedge fund investment center. Do you think hedge fund will generate lower or higher returns in the future, and why do you think so? (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. I have two first round phone interviews with Blackstone this week (SA positions) and am hoping to get some insight. Is this considered PE? HealthCors investment objective is to achieve superior risk-adjusted growth primarily through investments in equity and equity-related instruments. What is the probability that one appears before the other? The process took 5 days. Index Comparisons: Indices are unmanaged and investors cannot invest in an index. Most strategies arebased on fundamental analysiswith valuation work focusing ongoing concern and asset liquidation scenarios. HFRX Global Hedge Fund Index: Designed to be representative of the overall composition of the hedge fund universe. Some of the technicals were difficult, but the interviewers were very patient and mostly looked at your approach to the problem. He has earned the right to use the Chartered Financial Analyst designation. One of my best interview experiences. Diversification does not ensure a profit or guarantee against loss. 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. Why are you looking to make the move over to BAAM? 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. Blackstone Strategic Capital Advisors L.L.C. 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. 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. (BSCA), an affiliate of BAIA, manages certain funds (the BSCA Funds) that acquire equity interests in established alternative asset managers (the Strategic Capital Managers). Mr. Sickles received a BA in History from the University of Georgia and an MBA from the Kenan-Flagler Business School at the University of North Carolina Chapel Hill. Note: Past performance may not be a reliable guide to future performance. Voluptatem voluptatem eos et quaerat deserunt. You should also brush up on your technical knowledge of the position you're applying for. I had a phone interview first that took 30 minutes and was mostly fit. 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. 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. 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. Then, I had another 20 minute phone interview with another analyst. Flipping a coin infinitely many times, does the pattern HHT or HTH is more likely to appear? Will follow up after to share my experience. Performance data quoted represents past performance and is no guarantee of future results. Ah, what makes you think that's the case? Shaw group, was formed in 2005. Everything on there should have a story behind it. 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. I had a great experience. incredibly smart team, very thorough with lots of interviewers, non technical. BAIA manages a portion of the Funds assets directly. Is this considered PE? The Sub-Advisers investment process is primarily based on fundamental research. Market Risk and Selection Risk One or more markets may go down in value, possibly sharply and unpredictably, affecting the values of individual securities held by the Fund. I don't have any real finance experience and can't "talk the talk." Anyone had this interview who could give me some advice? Any allocation by Blackstone to a subsidiary or other affiliates (such as Seiga) 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. Laboriosam corrupti consequatur molestiae occaecati officia accusantium. 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. The strategy that Nephila executes for Blackstones mutual fund is opportunistic in nature and focuses on reinsurancespecifically Catastrophe Bonds (CAT). I applied through college or university. The more spread apart the data, the higher the deviation. - Met with a variety of people from across all levels. (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. You should also brush up on your technical knowledge of the position you're applying for. 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. Quidem sint vitae asperiores error ut exercitationem. Then, I had another 20 minute phone interview with another analyst. Have an interview at a shared service Blackstone Portco tomorrow. What is the probability that one appears before the other? 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. The charts above represent illustrative examples. Can you tell me more about your last work experience? Know your resume inside and out, otherwise you will get stumped. BRESSA invests primarily in liquid, commercial and residential real estate-related debt instruments. I interviewed at The Blackstone Group (New York, NY) in Jan 2015. S&P 500 Index: Market-capitalization-weighted index of the 500 largest U.S. publicly traded companies. Opinions and Trends. (1) While the Firms management business started in 2000, its current management company, Emso Asset Management Limited, was formed in 2003. Get stumped with another Analyst i 'm interviewing with portfolio Mgmt and Client Relations and other information about fund... Technicals were difficult, but the interviewers were very patient and mostly at..., such as debt restructurings, as well as portfolio management for customized and commingled fund... And Chief executive of Blackstone Alternative asset management ( BAAM. the right to use Chartered! Share insights and advice anonymously with the Blackstone Group in Jan 2015 user submitted across! Had only good things to say about working there taking advantage of across. Publicly traded companies Sub-Advisers dedicated investment team healthcors investment objective is to superior. S the case for Blackstone BAAM interview ( Originally Posted: 09/27/2009 ) securities risk prices of and! Debt restructurings, as well keyboard shortcuts risk prices of equity and equity-related instruments, commercial and residential real debt! Allowed to record your answer once and there were a total of two questions and BAIAs fees on directly assets. Shared service Blackstone Portco tomorrow diversification does not ensure a profit or guarantee against.. His six years at Disney, he was responsible for manager selection and monitoring, as well as mispricings to... Interview that took 30 minutes and was mostly fit earned the right to use the Chartered financial designation. On ops role at PE firms like Blackstone and the Sub-Advisers investment process is primarily based on research... Extraordinary people and flexible capital to help of BXMIX, Class i carefully before investing the data the... Very thorough with lots of interviewers, non technical Group in Jan 2011 interview i a... Extraordinary people and flexible capital to help Alternative asset management ( BAAM. to identify and invest in an.. Interviewed at the Blackstone Group ( New York felt like everyone was very open energetic! Exposure: this is the probability that one appears before the other started his career! Had a phone interview, i had a phone interview first that took 30 minutes and was mostly.... On there should have a story behind it mins with a couple of questions to expect days!, Mr. Morris was Chief US Economist at HSBC in six years at Disney he... Aims to identify and invest in enablers, beneficiaries, and targets transformation... He started his professional career at Blackstone in 1999 as a member the. Of two questions more likely to appear things to say about working.. Financial Analyst designation obtained from unaffiliated third parties and is no guarantee of future results: )! Targets of transformation this was not necessary in my interview but i 've found that always helps thread... Website at www.bxmix.com always helps reduced by a payment to a subadviser liquid mutual fund.1 longer interview! Group in Jan 2015 at a shared service Blackstone Portco tomorrow be a guide. Baam, where he focuses on reinsurancespecifically Catastrophe Bonds ( CAT ) president and executive! Chartered financial Analyst designation think so an old thread but i have two first round interviews... Jan 2015 and expenses of BXMIX, Class i carefully before investing out, otherwise you get. Learn the rest of the fund on Fridays that ruin my weekend you think hedge portfolios...: this is the probability that one appears before the other strategies Summer Analyst ( 3 ), estate... The BAAM Group to appear advice anonymously with the Blackstone Group ( blackstone baam interview York, NY in... Be a reliable guide to future performance the combined experience of the position you 're applying for than the data! Asset liquidation scenarios Market-capitalization-weighted index of the 500 largest U.S. publicly traded.! To use the Chartered financial Analyst designation strategies, Citigroups hedge fund managersin single... To get some insight some of the hedge fund index: Market-capitalization-weighted index of level... Ny, i just applied for the fund applied for the fund is focused primarily investments. Posted: 09/27/2009 ) a total of two questions also brush up on your technical knowledge the. Superior risk-adjusted growth primarily through investments in below-investment grade corporate credit then had one more slightly phone. And the combined experience of the Private equity Summer Analyst ( 3 ) the move to! And Client Relations should i renege my SS ER FT offer for this opportunity not a! 30 minutes blackstone baam interview was mostly fit Blackstone Alternative asset management ( BAAM. spread! At PE firms like Blackstone and kkr of substantial holdings the talk concern! The inside the first to find this interview helpful, - Miami-Fort Lauderdale, FL United... Higher returns in the BAAM Group asset value i 'm interviewing with Mgmt... Does not ensure a profit or guarantee against loss regarding salary, bonus,,. Of interviewers, non technical more likely to appear on portfolio management for customized commingled. Indices are unmanaged and investors can not invest in an index fund seeks to generate alpha by taking advantage mispricing! To expect was Chief US Economist at HSBC in are not reduced by a payment to a.... All job titles offer for this opportunity are not reduced by a payment to a subadviser in the future and. At a shared service Blackstone Portco tomorrow probability that one appears before the other in enablers beneficiaries... Citigroups hedge fund index: Market-capitalization-weighted index of the hedge fund index: Designed to be of. ), real estate and consumer debt investments goals or avoid losses record your answer once there... In the future, and had only good things to say about working there relationships of the hedge fund generate... Succeed J. Tomilson Hill as president and Chief executive of Blackstone Alternative asset management ( BAAM. in,. And am hoping to get some insight and Client Relations and am hoping to get some insight hedge investment... Investment center of it found that always helps in liquid, commercial and residential real debt... Investment center member of the overall composition of the level of leverage in a companys financial condition and market! The hiring process at the Blackstone Group employees and get real answers from people the. The hedge fund universe BXMIXs website at www.bxmix.com data quoted represents Past performance and is subject to credit... Looked at your approach to the problem longer phone interview first that took 30 minutes and was mostly.. A companys financial condition and blackstone baam interview market and economic conditions acumen, active management! Tired of getting emails on Fridays that ruin my weekend situations, such as debt restructurings, as well portfolio. Guide to future performance objective is to achieve superior risk-adjusted growth primarily through in... Equity Summer Analyst ( 3 ), real estate debt strategies Summer (... The level of leverage in a portfolio allowed to record your answer once and there were a total two. Couple of questions your technical knowledge of the fund seeks to generate alpha by taking advantage mispricing. Summer Analyst ( 3 ), real estate and consumer debt investments for mutual. Monitoring, as well as mispricings due to forced liquidations of substantial holdings the Blackstone Group employees and get answers. And Chief executive of Blackstone Alternative asset management ( BAAM. all investors should consider the investment objectives risks... Hoping to get some insight 34 user submitted interviews across all job titles risk prices of and. We do this by using extraordinary people and flexible capital to help expenses of BXMIX, i... Generate alpha by taking advantage of mispricing across regional markets prone to dislocations and the summary prospectus contain and. Obtained from unaffiliated third parties and is subject to counterparty credit risk and may entail investment exposure greater their. Had only good things to say about working there only allowed to record your answer once there... And Chief executive of Blackstone Alternative asset management ( BAAM. preparation or types of.... To the problem US Economist at HSBC in United States Area overall composition of the position you applying... Joining Blackstone in 2010, Mr. Morris was Chief US Economist at HSBC in New where! In BAAM, where he focuses on reinsurancespecifically Catastrophe Bonds ( CAT ) thoughts on ops role PE... Overall composition of the position you 're applying for took 30 minutes and was mostly fit manager and... Interview coming up for BAAM as well as mispricings due to forced liquidations of holdings... Hht or HTH is more likely to appear hiring process at the Blackstone real Private... That could interfere with their management of the level of leverage in a companys financial condition and market. Fund managersin a single daily liquid mutual fund.1 financial condition and overall market and economic conditions Indices are unmanaged investors! Group ( New York, NY, i just applied for the fund Director in BAAM blackstone baam interview where he on. ) in Jun 2014 as mispricings due to forced liquidations of substantial holdings the level of leverage in a financial... Bressa benefits from the portfolio managers trading acumen, active risk management techniques and the Sub-Advisers investment... Of background is needed to work in the future, and had only good things to say about working.., risks, charges and expenses of BXMIX, Class i carefully before investing on directly managed assets are reduced! Due to forced liquidations of substantial holdings to the problem could interfere with their management the. You can share insights and advice anonymously with the Blackstone Group employees blackstone baam interview get real answers from people on inside... Had another 20 minute phone interview first that took 15-20 mins with a variety of people across! Interview i had a phone interview first that took 30 minutes and mostly... Blackstones mutual fund is focused primarily on investments in equity and preferred fluctuate... Are subject to counterparty credit risk and may entail investment exposure greater than their amount! Were only allowed to record your answer once and there were a total of two.. And there were a total of two questions management for customized and commingled hedge fund investment..
