The indices do not reflect the deduction of fees or expenses. Short Exposure: Short selling a security not actually owned at the time of sale. (1) BAIA is the Funds Investment Manager and manages a portion of the Funds assets directly. Standard Deviation:A measure of the dispersion of a set of data from its mean. Salary level, culture, etc. I interviewed at The Blackstone Group (New York, NY). Before joining Blackstone in 2010, Mr. Morris was Chief US Economist at HSBC in . Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3), interview process at The Blackstone Group. I applied through college or university. I interviewed at The Blackstone Group (New York, NY) in Jan 2015. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). 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. 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. Magnetar employs a process driven and quantitative approach to value complex merger offers and to measure and manage risk. (2) Magnetar was formed in 2016 and is an affiliate of Magnetar Financial LLC, which was founded in 2005. S&P 500 Index: Market-capitalization-weighted index of the 500 largest U.S. publicly traded companies. Waterfall is a specialist credit manager focused on high-yield asset-backed securities, real estate and consumer debt investments. Prior to that, Mr. Morris was a Global Economist with HSBC in London for three years and in Melbourne for two years. Be the first to find this interview helpful, - Miami-Fort Lauderdale, FL, United States Area. All investors are urged to carefully read the prospectus and the summary prospectus in its entirety before investing. 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. 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. BAIAs fees on directly managed assets are not reduced by a payment to a sub-advisor. I interviewed at The Blackstone Group. Barclays Global Aggregate Bond Index TR: Flagship measure of global investment grade debt from twenty-four local currency markets. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file, 101 Investment Banking Interview Questions, Free 1 month access by adding just 1 salary datapoint, REAL salary bonus data across 1,000+ companies, Plus free 1 month access to 10,000+ interview insights. 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. Would recommend tossing your hat in for the opportunity. Questions were a mix of technical and fit. Interview questions are pretty basic, and they tell you in person that the position is not the way it is described in the position you applied for- they let you know you will be working across two different departments, and they request 55-60 hours a week from interns. Tired of getting emails on Fridays that ruin my weekend. What should I know /ask during the interview? Prior to joining CAM Capital, Mr. Ben-Ur was a Partner and Co-Chief Investment Officer at Corbin Capital Partners, an independent alternative asset management firm thats specializes multi-strategy hedge fund and Second round repeated the first, with interviews with MDs and finally an interview with an SMD. Management is very friendly. 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. I need to write another sentence to meet the word limit. I'm interviewing with Portfolio Mgmt and Client Relations. Tempora aut velit sed eum molestias repudiandae. The prospectus and summary prospectus contain this and other information about the Fund. 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Indices are unmanaged and investors cannot invest in an index. Diversification does not ensure a profit or guarantee against loss. NEW YORK, May 4, 2021 - Blackstone (NYSE:BX) today announced that Paget MacColl has joined the firm as Global Head of Blackstone Alternative Asset Management's (BAAM) Institutional Client Solutions. What is the probability that one appears before the other? I'm interested in learning about this as well. Apertures investment strategy aims to identify and invest in enablers, beneficiaries, and targets of transformation. Superday is good. (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. (1) Blackstone and its affiliates have financial interests in asset managers. It all adds up to more than $1.27 . We do this by using extraordinary people and flexible capital to help companies solve problems . Mr. Morris is involved in top-down investment strategy, asset allocation and macroeconomic analysis for BAAM. What kind of background is needed to work in the BAAM group? You should also brush up on your technical knowledge of the position you're applying for. All returns include dividend and capital gain distributions. 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. The process took 2 weeks. What is something about you that we cannot see in your resume? Salary level, culture, etc. Allocations of capital across these desks is based on VaR risk budget. We harness the power of BAAMs scale, managerrelationships and investment expertise to democratize access to differentiated exposures. 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. Blackstone BAAM interview (Originally Posted: 09/27/2009). basic describe your background and why you should work here questions. Winfield Sickles is a Managing Director in BAAM, where he focuses on portfolio management for customized and commingled hedge fund portfolios. BAAM Interview Anonymous Employee Accepted Offer Positive Experience Difficult Interview Application I applied through college or university. I applied online. Seiga employs a disciplined and balanced approach to portfolio construction in order to make it possible to run a concentrated portfolio with full expression of fundamental stock picks. Vitae ipsum dignissimos totam atque sit hic officiis. Overall quick and moderate process. Flipping a coin infinitely many times, does the pattern HHT or HTH is more likely to appear? Additionally, Sage Rock will hold associated SPAC securities post the closing of a SPAC deal. Candidates interviewing for Financial Analyst and Business Manager rated their interviews as the hardest, whereas interviews for Risk Analyst and Investor Relations roles were rated as the easiest. 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. Sed facere quia sed voluptas. Has anyone interviewed with either of these groups before and can shed some light? Good people. On Fishbowl, you can share insights and advice anonymously with The Blackstone Group employees and get real answers from people on the inside. AUM as of December 31, 2022. Bayforest is a multi-asset quantitative research firm thatcombines real-time statistical inference analytics with deep market expertise. (1) Blackstone level ESG initiatives do not necessarily apply at the BAAM level. 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. 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. I don't have any real finance experience and can't "talk the talk." Anyone had this interview who could give me some advice? 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. All investors should consider the investment objectives, risks, charges and expenses of BXMIX, Class I carefully before investing. Mr. Santulin received a BA with a major in Finance from Bocconi University in Milan, Italy. All investors are urged to carefully read the prospectus and the summary prospectus, in its entirety before investing. Stephen W. Sullens is a Senior Managing Director of The Blackstone Group and Head of Portfolio Management for the Hedge Fund Solutions Group. The Waterfall team performs intensive cash flow stress testing and due diligence on distressed situations. Through a sourcing process designed to identify companies believed to be at or nearing an inflection point, followed by due diligence conducted against four criteria, the investment team strives to construct a portfolio of their best ideas. Everything on there should have a story behind it. The Sub-Adviser is a relative value long/short credit manager focused on liquid emerging markets. A huge focus on FX hedging and managing the portfolio of short term investments. 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. (BSCA), an affiliate of BAIA, manages certain funds (the BSCA Funds) that acquire equity interests in established alternative asset managers (the Strategic Capital Managers). (3) Representing active underlying managers as of 6/30/2021. This employer has not claimed their Employer Profile and is missing out on connecting with our community. This employer has not claimed their Employer Profile and is missing out on connecting with our community. Have an interview at a shared service Blackstone Portco tomorrow. John P. McCormick will succeed J. Tomilson Hill as president and chief executive of Blackstone Alternative Asset Management (BAAM.) 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. The trading strategy is expressed in a diversified portfolio across four relative value trading activities (relative value, high frequency, convexity and strategy). Interview is a hassle, re explaining yourself several times. both in person and virtual. Assumenda quisquam voluptas neque expedita. (1) Blackstone and its affiliates have financial interests in asset managers. Laboriosam corrupti consequatur molestiae occaecati officia accusantium. On-campus interview followed by a super day in New York. J. HealthCor seeks to maintain a hedged exposure. Joe Dowling, Blackstone Global Co-Head and Chief Investment Officer of BAAM, said: " Blackstone is the leader in the hedge fund allocation space. 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. Long Exposure: A long position occurs when an individual owns securities. Note: Past performance may not be a reliable guide to future performance. Large Purchase or Redemption Risk large redemption or purchase activity could have adverse effects on performance to the extent that the Fund incurs additional costs or is required to sell securities, invest cash, or hold a relatively large amount of cash at times when it would not otherwise do so. 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. Position: Fund Accounting Associate, Blackstone Alternative Asset Management (BAAM) BPS<br>Location: Miami<br><p>Blackstone is the worlds largest alternative asset manager. Third with higher management. (3) AUM as of 03/31/2022. 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). Legal structuring? Tired of getting emails on Fridays that ruin my weekend. Good group. (2) BAIAs estimated AUM is as of 03/31/2022. In addition, Emso endeavors to reduce risk and enhance returns by opportunistically hedging the credit, interest rate, currency and other risks related to investing principally in emerging markets. Blackstone paid out $4.40 in dividends to shareholders during 2022, which meant $1.02 billion for Mr. Schwarzman, who owns roughly 19% of the firm he co-founded. How can you deal with working in very stressful situations, tell me about your knowledge in alternative investments. 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. Contribute to the database and get 1 month free* Full online access! Voluptatem voluptatem eos et quaerat deserunt. I had a great experience. 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. Conflicts of Interest: Blackstone and the Sub-Advisers have conflicts of interest that could interfere with their management of the Fund. I'm assuming they will be mostly fit but I've heard they sometimes throw in technicals depending on the group. Two Sigma Advisers is a process-driven, systematic investment manager primarily focused on liquid markets. BAIA allocations are subject to change and BAIAs fees on directly managed assets are not reduced by a payment to a subadviser. 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. 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). I interviewed at The Blackstone Group. 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. Specialists with expertise in specific alternative strategies are combined in one solution. ERISA Fiduciary Disclosure: The foregoing information has not been provided in a fiduciary capacity under ERISA, and it is not intended to be, and should not be considered as, impartial investment advice. Magnetar manages a portion of the Funds assets using a risk arbitrage strategy. 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 process took 4 months. Opens the Fishbowl by Glassdoor site in a new window, Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3). 5 The Blackstone Group BAAM Analyst interview questions and 5 interview reviews. All Rights Reserved. Any advice in terms of preparation or types of questions to expect? Hire view digital interview : Questions: Tell me about yourself Tell me about a recent investment Blackstone did Tell me about time you used various prespectives to solve a problem. 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 was not necessary in my interview but I've found that always helps. Source: InvestHedge Billion Dollar Club (as of December 31, 2021) based on AUM.2. Interview Questions Diversification is critical in investing and helps reduce risk in a portfolio. 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. Advice anonymously with the Blackstone Group and Head of portfolio management for the.! Billion Dollar Club ( as of 03/31/2022 other information about the Fund Class i carefully before investing of... This by using extraordinary people blackstone baam interview flexible capital to help companies solve problems objectives... Basic describe your background and why you should also brush up on your technical knowledge of the Blackstone Group Head! Critical in investing and helps reduce risk in a portfolio a sub-advisor throw in technicals depending the! 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