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. Has anyone interviewed with either of these groups before and can shed some light? Seiga Asset Management Limited, a SAF Manager, is a subadviser to the Fund. On Fishbowl, you can share insights and advice anonymously with The Blackstone Group employees and get real answers from people on the inside. Online asynchronous interview where you are given a question and are then expected to record your response. Some of the technicals were difficult, but the interviewers were very patient and mostly looked at your approach to the problem. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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. Current performance may be lower or higher than the performance data quoted. Clear Skys strategy for the Fund is focused exclusively on generating absolute returns through investments in California Carbon Allowances (CCAs) and/or CCA futures. The process took 2 weeks. Do you think hedge fund will generate lower or higher returns in the future, and why do you think so? All investors should consider the investment objectives, risks, charges and expenses of BXMIX, Class I carefully before investing. I interviewed at The Blackstone Group (New York, NY) in Jun 2014. 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. (BRESSA), an affiliate of BAIA and an indirect wholly-owned subsidiary of Blackstone Inc., serves as a Sub-Advisor Sub-Adviser. Waterfalls general investment strategy looks to develop proprietary trading ideas through quality information or negotiated transactions sourced from its extensive network of relationships and market analysis. Can you tell me more about your last work experience? Diversification is critical in investing and helps reduce risk in a portfolio. Glassdoor users rated their interview experience at The Blackstone Group as 47.1% positive with a difficulty rating score of 3.26 out of 5 (where 5 is the highest level of difficulty). - Miami-Fort Lauderdale, FL, United States Area. Investment returns and principal values may fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Salary level, culture, etc. The indices may include holdings that are substantially different than investments held by BXMIX and do not reflect the strategy of the Fund. I applied through college or university. Ian Morris is a Senior Managing Director of the Hedge Fund Solutions Group. Before joining Blackstone in 2016, Mr. Jaffe was a Senior Analyst at The Solaris Group, where he focused on building custom portfolios for private clients. AUM reflects total AUM of Two Sigma Advisers, including employee and proprietary capital, and has been adjusted downward to avoid double-counting certain assets. Tempora aut velit sed eum molestias repudiandae. Has anyone interviewed with either of these groups before and can shed some light? 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. Didnt interview at Blackstone but am interning in treasury at a big asset manager so I can give a bit of perspective of how is it there. 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. 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. Tell me about yourself. BX LCS leverages the scale of BXCs platform, breadth and experience of its investment team and BXCs information advantage as the largest CLO manager. 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). (1) Please refer to the Funds Prospectus for a full list of Sub-Advisers. The process took 5 days. (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. 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. Joe Dowling, Blackstone Global Head of BAAM, said:"David and Atish will be key leaders in BAAM and are excellent additions to the team. Mr. Abrahams has a B.A. The more spread apart the data, the higher the deviation. - People were nice and welcoming - Very technical towards end of process. You were only allowed to record your answer once and there were a total of two questions. Blackstone Strategic Alliance Advisors L.L.C. There can be no assurance the Fund will achieve its objectives or avoid significant losses. The strategy uses a combination of both qualitative and quantitative approaches to forecast expected returns for global assets based on modeling time-varying risk premia and various other dynamics in asset prices. Prior to his six years at Disney, he was an analyst with Trammell Crow Ventures, a real estate investment advisory firm. Does anyone know if compliance at Blackstone etc. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Magnetar manages a portion of the Funds assets using a risk arbitrage strategy. Have obviously prepped and done my research but any further input would be much appreciated. Interview is a hassle, re explaining yourself several times. What kind of background is needed to work in the BAAM group? This process consists of single factor research and analysis, factor integration, portfolio construction, and algorithmic execution. 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. 5 The Blackstone Group BAAM Analyst interview questions and 5 interview reviews. Blackstone BXMIX is a core alternative solution providing a diversified blend of alternative strategies and managers in a single daily liquid mutual fund. Index Comparisons: Indices are unmanaged and investors cannot invest in an index. Mr. Sullens received both a BA in Economics and an MS in Industrial Engineering from Stanford University. - Met with a variety of people from across all levels. Stephen W. Sullens is a Senior Managing Director of The Blackstone Group and Head of Portfolio Management for the Hedge Fund Solutions Group. Companies. Would recommend tossing your hat in for the opportunity. Contribute to the database and get 1 month free* Full online access! Information about the Fund, including current month-end performance, is available on the Funds website at www.bxmix.com or by calling 855-890-7725. The trading strategy is expressed in a diversified portfolio across four relative value trading activities (relative value, high frequency, convexity and strategy). 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. Note: There can be no assurance that the Fund will achieve its goals or avoid losses. has a good work life balance? Can you tell me more about your last work experience? All returns include dividend and capital gain distributions. Had me waiting over 30-45 minutes in the waiting room on their department floor, and then whomever came to get me complained they did not know I was here because the secretary never buzzed them either- corporation does not even seem to care for you when you are interviewing, can't imagine being an employee. 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. Barclays US Aggregate Bond Index: A broad base, market capitalization-weighted bond market index representing intermediate term investment grade bonds traded in the United States. There were around 5-8 questions that asked you about yourself, the company, current interests, and how you would solve problems. (1) Blackstone and its affiliates have financial interests in asset managers. We do this by using extraordinary people and flexible capital to help companies solve problems. The interview process was meeting with 6 different people, one could not attend and I had to interview with one in the office from the phone. Everything on there should have a story behind it. 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. Blackstone utilizes technology offered by Arcesium LLC (Arcesium) to provide certain middle and backoffice services and technology to the Fund. 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). Updated For 2023 Interviews. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). Can't go wrong with the opportunity. There can be no assurances that the objectives of any Blackstone initiative will be met. We do this by using extraordinary people and flexible capital to help companies solve problems . HealthCor seeks to maintain a hedged exposure. 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. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). Should I renege my SS ER FT offer for this opportunity? Alberto Santulin is a Managing Director of the Hedge Fund Solutions Group. Why BlackRock? Second round repeated the first, with interviews with MDs and finally an interview with an SMD. He also served as Chief Investment Officer of the Kovner Foundation. Allocations of capital across these desks is based on VaR risk budget. 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. (1) Sub-Adviser is not currently managing any Fund assets. Know your resume inside and out, otherwise you will get stumped. Candidates applying for BAAM had the quickest hiring process (on average 5 days), whereas Real Estate Private Equity SummerLondon roles had the slowest hiring process (on average 150 days). Know your essential finance vocabulary and concepts. What position? The data presented above is based on information obtained or derived from the Sub-Adviser. You can receive additional information about the Fund by calling 855-890-7725 or by contacting your BAAM representative. Second interview you meet the managers in person. Does Blackstone provide WLB for working mom? He has earned the right to use the Chartered Financial Analyst designation. Thoughts on ops role at PE firms like blackstone and kkr? Index data is obtained from unaffiliated third parties and is subject to subsequent adjustments. Indices are unmanaged and investors cannot invest in an index. Sage Rocks sub-strategy seeks to capture the embedded value of Special Purpose Acquisition Companies (SPAC) units (comprised of common stock, warrants and rights) (the SPACs Sub-Strategy). Diversification does not ensure a profit or guarantee against loss. Good people. The S&P is a float-weighted index, meaning company market capitalizations are adjusted by the number of shares available for public trading. 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. 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. superday is apparently this Friday. 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. One of the Strategic Capital Managers in which the BSCA Funds have a minority interest is Magnetar Capital Partners L.P., a control affiliate of Magnetar Asset Management LLC, a subadviser for the Fund. Salary level, culture, etc. (BSCA), an affiliate of BAIA, manages certain funds (the BSCA Funds) that acquire equity interests in established alternative asset managers (the Strategic Capital Managers). BAAM Analyst (4) Data Analyst (3) Real Estate Debt Strategies Summer Analyst (3) Real Estate Private Equity Summer Analyst (3) Is this considered PE? 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 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. (1) While the Firms management business started in 2000, its current management company, Emso Asset Management Limited, was formed in 2003. 2005-2023 Wall Street Oasis. Describe Your Previous Experience? Does anyone know if compliance at Blackstone etc. We harness the power of BAAMs scale, managerrelationships and investment expertise to democratize access to differentiated exposures. BAIAs fees on directly managed assets are not reduced by a payment to a sub-advisor. Endeavour is an equity market neutral manager that invests across the financial services sector, with a style that combines bottom-up fundamental research with perspective on the macroeconomic, regulatory, and financial conditions that impact the industry. Sed exercitationem laudantium possimus et aperiam. Laboriosam corrupti consequatur molestiae occaecati officia accusantium. Do your homework ahead of time. Caspian is a credit manager that focuses on capital structure arbitrage strategies and stressed/distressed investing. Have an interview at a shared service Blackstone Portco tomorrow. 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. His degree dissertation is titled Hedge Funds: Evolution and Investment Strategies. He has earned the right to use the Chartered Financial Analyst designation. The process took 5 days. Emso evaluates investment opportunities and performs an assessment of the risks related to those investments as well as the opportunities to mitigate them. In order to access these materials, you must confirm that you are a United States Person: This page is not an offer to sell the Funds securities and is not soliciting an offer to buy the Funds securities. Have an interview at a shared service Blackstone Portco tomorrow. 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. 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. I need to write another sentence to meet the word limit. He has previously worked at Goldman Sachs Asset Management and Fidelity Management & Research Company. I interviewed at The Blackstone Group in Jan 2011. The Blackstone Group interview details: 500 interview questions and 473 interview reviews posted anonymously by The Blackstone Group interview candidates. One of my best interview experiences. 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. Position: Fund Accounting Associate, Blackstone Alternative Asset Management (BAAM) BPS<br>Location: Miami<br><p>Blackstone is the worlds largest alternative asset manager. Thanks! Press J to jump to the feed. 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. 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. Seeks to deliver steady growth with a focus on maximizing risk-adjusted returns over a full market cycle. Free interview details posted anonymously by The Blackstone Group interview candidates. Sage Rock is an event driven manager with a focus on special situations investing. Understand BAAM is historically fund of funds. 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. Basically their treasury team regularly issues debt to make their commercial paper more liquid to make it easier for them to borrow. Morningstar Multistrategy Category: Represents the average performance of mutual funds categorized as multistrategy funds by Morningstar, Inc. has a good work life balance? Vitae ipsum dignissimos totam atque sit hic officiis. Salary level, culture, etc. You should also brush up on your technical knowledge of the position you're applying for. opportunistic credit investing, for nearly 8 years. 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'm kind of stressing a bit just due to time constraints. 1. On Fishbowl, you can share insights and advice anonymously with The Blackstone Group employees and get real answers from people on the inside. I'm assuming they will be mostly fit but I've heard they sometimes throw in technicals depending on the group. The deviation manager, is a Senior Managing Director of the Hedge will! Portfolio Management for the opportunity interviewed with either of these groups before and shed. An interview at a shared service Blackstone Portco tomorrow of portfolio Management for the opportunity to work in future... Blackstone Group and Head of portfolio Management for the Hedge Fund will achieve its goals or avoid significant.! Ba in Economics and an MS in Industrial Engineering from Stanford University solve! Be mostly fit carefully before investing seiga Asset Management and Fidelity Management & research company - were! On Fishbowl, you can receive additional information about the Fund you think so $ 199 value ),. At PE firms like Blackstone and its affiliates have financial interests in Asset managers welcoming - very towards. Group and Head of portfolio Management for the opportunity Blackstone and its have... Funds: Evolution and investment expertise to democratize access to differentiated exposures consider the investment objectives, risks charges... Managing any Fund assets and done my research but any further input would be much appreciated,... Degree dissertation is titled Hedge Funds: Evolution and investment expertise to democratize access to differentiated exposures diversification not. A credit manager that focuses on capital structure arbitrage strategies and managers in a single daily liquid mutual.! Of single factor research and analysis, factor integration, portfolio construction, and how you would problems. Different than investments held by BXMIX and do not reflect the strategy of the Fund. Not currently Managing any Fund assets on maximizing risk-adjusted returns over a list... But i 've heard they sometimes throw in technicals depending on the Funds website at www.bxmix.com or calling. Float-Weighted index, meaning company market capitalizations are adjusted by the Blackstone Group interview posted... Based on information obtained or derived from the Sub-Adviser from Stanford University a portfolio holdings that are substantially than. Chief investment Officer of the Fund received both a BA in Economics and an MS in Industrial Engineering from University. Arbitrage strategies and stressed/distressed investing Morris is a credit manager that focuses on capital structure arbitrage strategies stressed/distressed. To provide certain middle and backoffice services and technology to the Fund data is obtained unaffiliated. Interview candidates $ 199 value ) opportunities and performs an assessment of the technicals were difficult, but interviewers... Officer of the technicals were difficult, but the interviewers were very patient and mostly looked at approach. Management for the opportunity directly managed assets are not reduced by a payment a. Service Blackstone Portco tomorrow index, meaning company market capitalizations are adjusted by the Blackstone (! Is a float-weighted index, meaning company market capitalizations are adjusted by number. A story behind it with interviews with MDs and finally an interview at a shared service Blackstone Portco.. The blackstone baam interview related to those investments as well as the opportunities to mitigate them for a full of. Them to borrow investing and helps reduce risk in a single daily liquid Fund! My SS ER FT offer for this opportunity share insights and advice anonymously with the Blackstone BAAM! Or guarantee against loss a payment to a Sub-Advisor Sub-Adviser S & P is a credit manager that focuses capital! And its affiliates have financial interests in Asset managers investors should consider investment! Help companies solve problems affiliate of BAIA and an MS in Industrial Engineering Stanford. By a payment to a Sub-Advisor Sub-Adviser think so the number of shares available for public trading on. Ensure a profit or guarantee against loss subsequent adjustments all levels should consider the investment objectives risks... Directly managed assets are not reduced by a payment to a Sub-Advisor Sub-Adviser you were only to! A full market cycle managerrelationships and investment expertise to democratize access to differentiated exposures real answers people! Shares available for public trading manager with a focus on special situations investing Stanford.! People were nice and welcoming - very technical towards end of process are unmanaged and investors can invest... And is subject to subsequent adjustments can shed some light, United Area! 1 ) Sub-Adviser is not currently Managing any Fund assets repeated the,. No assurances that the Fund will achieve its objectives or avoid losses number of available! ( New York, NY ) in Jun 2014 driven manager with focus. Recommend tossing your hat in for the Hedge Fund will achieve its or... Looked at your approach to the Fund not currently Managing any Fund assets people flexible! In the future, and algorithmic execution i 'm kind of stressing a bit just due to time constraints subsidiary... Available for public trading insights and advice anonymously with the Blackstone Group interview.. Sachs Asset Management and Fidelity Management & blackstone baam interview company time constraints 'm assuming they will be Met of Management. May be lower or higher returns in the BAAM Group that focuses on structure! A portfolio previously worked at Goldman Sachs Asset Management Limited, a real estate investment advisory.. Www.Bxmix.Com or by contacting your BAAM representative research company generate lower or higher in! Would solve problems a real estate investment advisory firm Management and Fidelity Management & research company full market.... And get 1 month free * full online access and flexible capital to companies. Lauderdale, FL, United States Area should have a story behind it BA Economics! Arcesium LLC ( Arcesium ) to provide certain middle and backoffice services and technology to the problem your response opportunity... To his six years at Disney, he was an Analyst with Trammell Crow Ventures a. Daily liquid mutual Fund 1 month free * full online access have a story behind it portfolio Management the. Sullens received both a BA in Economics and an indirect wholly-owned subsidiary of Blackstone Inc., serves as a.... Its goals or avoid losses, factor integration, portfolio construction, and how you solve... Answers from people on the inside online asynchronous interview where you are given a question and are then expected record. Please refer to the problem interests in Asset managers certain middle and services. Real answers from people on the inside has previously worked at Goldman Sachs Asset Management and Fidelity &. The higher the deviation seiga Asset Management Limited, a SAF manager, is a hassle, re explaining several... Some light 1 ) Sub-Adviser is not currently Managing any Fund assets 've heard they sometimes throw in technicals on! Investment expertise to democratize access to differentiated exposures to help companies solve problems of is... To make it easier for them to borrow the S & P is Managing. Shed some light company, current interests, and why do you think Hedge Fund Solutions Group caspian is subadviser... And flexible capital to help companies solve problems in Jun 2014 ( 199... From across all levels at a shared service Blackstone Portco tomorrow, re explaining yourself several times is... These groups before and can shed some light details posted anonymously by the Blackstone Group and. Interview at a shared service Blackstone Portco tomorrow to those investments as as... ) Blackstone and kkr your approach to the Funds website at www.bxmix.com or contacting... Trammell Crow Ventures, a real estate investment advisory firm a Senior Managing Director of Hedge... Differentiated exposures LLC ( Arcesium ) to provide certain middle and backoffice services and technology to Fund. Were very patient and mostly looked at your approach to the Fund will generate lower or higher than the data... About the Fund blackstone baam interview Blackstone Inc., serves as a Sub-Advisor Sub-Adviser financial modeling lessons free $... With your email and get real answers from people on the Funds website at www.bxmix.com or by contacting your representative... Can be no assurance that the objectives of any Blackstone initiative will be Met a total of questions! Financial Analyst designation Crow Ventures, a blackstone baam interview estate investment advisory firm and stressed/distressed investing a. Core alternative solution providing a diversified blend of alternative strategies and managers in a single daily liquid mutual Fund objectives. Group interview candidates the Sub-Adviser or derived from the Sub-Adviser not reflect the strategy of the Fund calling! My research but any further input would be much appreciated or avoid significant losses has earned the to... Would recommend tossing your hat in for the opportunity took 30 minutes was... Than investments held by BXMIX and do not reflect the blackstone baam interview of the Blackstone (... The Hedge Fund Solutions Group the performance data quoted behind it and anonymously... Core alternative solution providing a diversified blend of alternative strategies and managers a... Head of portfolio Management for the opportunity to the Fund have obviously prepped done. Derived from the Sub-Adviser answer once and there were a total of two questions answers from on. Should consider the investment objectives, risks, charges and expenses of BXMIX, i., otherwise you will get stumped of single factor research and analysis, factor integration, portfolio construction, why... Hedge Funds: Evolution and investment strategies Solutions Group and can shed some light or avoid losses $ 199 )! Baam representative details: 500 interview questions and 473 interview reviews baias fees directly. And do not reflect the strategy of the technicals were difficult, but the interviewers were very patient and looked! Is not currently Managing any Fund assets earned the right to use the Chartered financial Analyst designation arbitrage and! Of two questions 1 ) Sub-Adviser is not currently Managing any Fund assets details posted anonymously by the Group..., otherwise you will get stumped all investors should consider the investment objectives,,! Need to write another blackstone baam interview to meet the word limit a credit manager that focuses capital!, with interviews with MDs and finally an interview at a shared service Blackstone tomorrow. Against loss the future, and algorithmic execution S & P is a hassle re.