They serve as internal bankers for when portfolio managers have excess liquidity or need to borrow money to maintain their target leverage. Past events and trends do not imply, predict or guarantee, and are not necessarily indicative of, future events or results. Superday is good. Asked in depth questions on the resume. 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. 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. 1. I don't have any real finance experience and can't "talk the talk." Anyone had this interview who could give me some advice? Describe Your Previous Experience? Emso evaluates investment opportunities and performs an assessment of the risks related to those investments as well as the opportunities to mitigate them. Second round repeated the first, with interviews with MDs and finally an interview with an SMD. Capability to work 60 Hours as Intern? All investors should consider the investment objectives, risks, charges and expenses of BXMIX, Class I carefully before investing. Is this considered PE? The Program offers Summer Analyst's various technical training and professional development opportunities, the ability to network with professionals across all business units, and a robust mentorship experience to allow the . What is the interview process like at The Blackstone Group? 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. Diversification does not ensure a profit or guarantee against loss. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. The trading strategy is expressed in a diversified portfolio across four relative value trading activities (relative value, high frequency, convexity and strategy). Good people. Diversification does not ensure a profit or guarantee against loss. Initial meeting with the hiring manager, followed by a long interview to meet many members of the team. Length? Short Exposure: Short selling a security not actually owned at the time of sale. You were only allowed to record your answer once and there were a total of two questions. This employer has not claimed their Employer Profile and is missing out on connecting with our community. 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. Standard Deviation:A measure of the dispersion of a set of data from its mean. BX LCS leverages the scale of BXCs platform, breadth and experience of its investment team and BXCs information advantage as the largest CLO manager. See you on the other side! Is this considered PE? Opinions and Trends. BAIA manages a portion of the Funds assets directly. 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. There can be no assurance that the Fund will achieve its goals or avoid losses. Indices are unmanaged and investors cannot invest in an index. I interviewed at The Blackstone Group (New York, NY). Ian Morris is a Senior Managing Director of the Hedge Fund Solutions Group. Apertures investment strategy aims to identify and invest in enablers, beneficiaries, and targets of transformation. Tired of getting emails on Fridays that ruin my weekend. (1) Blackstone and its affiliates have financial interests in asset managers. While the team has the ability to evaluate investments from a scientific perspective, the strategy is grounded in translating how industry trends and competitive dynamics may impact company fundamentals, with an emphasis on financial metrics. HealthCors investment objective is to achieve superior risk-adjusted growth primarily through investments in equity and equity-related instruments. I have my BAAM phone interview coming up. Source InvestHedge Billion Dollar Club, as of December 31, 2021 based on AUM. Legal structuring? Is this considered PE? Specifically, they look to identify situations where an underappreciated fundamental driver results in a divergence between their estimates and consensus expectations, such that a sufficient margin of safety exists. Asset Management, Hedge Funds, Investment Banking, Private Equity. I applied through college or university. Know your resume inside and out, otherwise you will get stumped. Winfield Sickles is a Managing Director in BAAM, where he focuses on portfolio management for customized and commingled hedge fund portfolios. 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. 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. Santulin received a BA with a major in Finance from Bocconi University in Milan, Italy. 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. 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. One is for their Alternative Asset Management Group (BAAM - hedge fund solutions) and the other is for Real Estate Debt Strategies (BREDS). 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. Dynamic allocation allows Blackstone to rotate into more attractive sectors, strategies and managers as markets evolve. Thoughts on ops role at PE firms like blackstone and kkr? has a good work life balance? (BRESSA), an affiliate of BAIA and an indirect wholly-owned subsidiary of Blackstone Inc., serves as a Sub-Advisor Sub-Adviser. Anonymous Interview Candidate in Singapore, I applied through other source. How can you deal with working in very stressful situations, tell me about your knowledge in alternative investments. 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. Leveraging an investable universe that includes over 2,000 small cap companies traded in the US, the strategy focuses primarily within the Consumer Discretionary, Information Technology, Healthcare, Industrials and Materials sectors. 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. The gross exposure is one indication of the level of leverage in a portfolio. 1. There can be no assurance that the Fund will achieve its goals or avoid losses. I then had one more slightly longer phone interview, followed by a final interview in New York. BAIA allocations are subject to change and BAIAs fees on directly managed assets are not reduced by a payment to a subadviser. The strategy seeks to identify commodity inefficiencies and market dislocations in financial energy markets by leveraging its energy market experience and predictive modelling platform. Does Blackstone provide WLB for working mom? Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3), The Ultimate Job Interview Preparation Guide. 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). Subject to Blackstones information walls and confidentiality and fiduciary obligations. 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. Bayforest is a multi-asset quantitative research firm thatcombines real-time statistical inference analytics with deep market expertise. Mr. Ben-Ur received an MPP in International Trade and Finance from the John F. Kennedy School of Government at Harvard University and BA from Tufts University, where he graduated magna cum laude. 101 Investment Banking Interview Questions, https://www.wallstreetoasis.com/resources/skills/trading-investing/proprietary-trading, https://www.wallstreetoasis.com/resources/skills/economics/consumer-products, https://www.wallstreetoasis.com/resources/skills/finance/dupont-analysis, Certified Hedge Fund Professional - Trader, Certified Hedge Fund Professional - 3rd+ Year Analyst, Financial Modeling & Valuation 2-Day Bootcamp OPEN NOW - Only 15 Seats, Venture Capital 4-Hour Bootcamp - Sat April 1st - Only 15 Seats, Excel Master 4-Hour Bootcamp OPEN NOW - Only 15 Seats, Venture Capital 4-Hour Bootcamp - Sat May 20th - Only 15 Seats. The hiring process at The Blackstone Group takes an average of 35.06 days when considering 34 user submitted interviews across all job titles. The strategy benefits from Seigas investment management experience in Asia markets and Seigas ability to leverage its extensive local network of information and relationships. The process took 4 months. Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3), interview process at The Blackstone Group. What should I know /ask during the interview? Aut nihil sit voluptas error dolor ut. DESIM, a member of the D.E. Describe Your Previous Experience? Derivatives can be subject to counterparty credit risk and may entail investment exposure greater than their notional amount. The Waterfall team performs intensive cash flow stress testing and due diligence on distressed situations. Note: Past performance may not be a reliable guide to future performance. Do you think hedge fund will generate lower or higher returns in the future, and why do you think so? This employer has not claimed their Employer Profile and is missing out on connecting with our community. Check the background of this firm on FINRAs BrokerCheck. Be the first to find this interview helpful, - Miami-Fort Lauderdale, FL, United States Area, Tell me about yourself Tell me about a recent investment Blackstone did Tell me about time you used various prespectives to solve a problem, Opens the Fishbowl by Glassdoor site in a new window, What is a Blackstone initiative that interests you. Commodi voluptate perspiciatis omnis eligendi sit. Before joining Blackstone in 2001, Mr. Sullens served as a Director with Citi Alternative Investment Strategies, Citigroups hedge fund investment center. 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. Learn More $80B Investor Capital Under Management 26+ Year Track Record 115 Investment Professionals WHAT WE DO Et dolor quo quod est. Caspian is a credit manager that focuses on capital structure arbitrage strategies and stressed/distressed investing. Blackstone's BAAM unit is on track to post its best-ever year, with revenues and earnings topping last year's records and assets at a record high. This website uses cookies, including third-party cookies, in order to obtain information about your visit to the website and make this website better. In the case of equity indices, performance of the indices reflects the reinvestment of dividends. John P. McCormick will succeed J. Tomilson Hill as president and chief executive of Blackstone Alternative Asset Management (BAAM.) Have an interview at a shared service Blackstone Portco tomorrow. One stress-test/question based interview. This knowledge informs a risk analysis of potential positions, creates investment opportunities and enables security selection to create a portfolio consistent with Blackstones global viewpoint. There were two 20 minute phone interviews. 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. I'm interviewing with Portfolio Mgmt and Client Relations. The revenue generated for BSAA related to the Funds investment with a SAF Manager is rebated to the Fund. Otherwise, we will assume you're OK to continue. Seeks to mitigate volatility through exposure to diversifying assets. Second interview you meet the managers in person. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Tired of getting emails on Fridays that ruin my weekend. I interviewed at The Blackstone Group. Common stages of the interview process at The Blackstone Group according to 34 Glassdoor interviews include: 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. Any insight would be appreciated. Magnetar employs a process driven and quantitative approach to value complex merger offers and to measure and manage risk. Please contact your BAAM representative for further information. Specialists with expertise in specific alternative strategies are combined in one solution. 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. Questions were a mix of technical and fit. basic describe your background and why you should work here questions. All Rights Reserved. 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. Is this considered PE? Before joining Blackstone in 2010, Mr. Morris was Chief US Economist at HSBC in New York for ten years, managing the firms North American macroeconomic research team and providing advice and forecasts on macro trends and risks to clients, including financial institutions, non-financial corporations, central banks and sovereign wealth funds. The process took 5 days. I applied through college or university. has a good work life balance? Have either of you heard back? These funds allocate capital (at least 30% combined) to a mix of alternative strategies that aim to minimize exposure to traditional market risks. 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. 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. 2005-2023 Wall Street Oasis. Create an account to follow your favorite communities and start taking part in conversations. Mr. Sullens received both a BA in Economics and an MS in Industrial Engineering from Stanford University. 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. Index data is obtained from unaffiliated third parties and is subject to subsequent adjustments. Does anyone know if compliance at Blackstone etc. Can you tell me more about your last work experience? (1) Blackstone and its affiliates have financial interests in asset managers. Blackstone is the world's largest alternative asset manager. Stephen W. Sullens is a Senior Managing Director of The Blackstone Group and Head of Portfolio Management for the Hedge Fund Solutions Group. Most strategies arebased on fundamental analysiswith valuation work focusing ongoing concern and asset liquidation scenarios. Max Jaffe is a Principal of the Hedge Fund Solutions Group (BAAM) where he serves as a portfolio manager for BAAMs registered funds platform. Had my first round for BAAM this morning. Caspiancreates comprehensive models to evaluateimportant fundamental characteristics such as assetquality, market share,industry value chain dynamics,free cash flow, liquidity, capital structure and/orpossiblenear-term catalysts. Opens the Fishbowl by Glassdoor site in a new window, Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3), The Ultimate Job Interview Preparation Guide. Current performance may be lower or higher than the performance data quoted. Measure and manage risk baia and an indirect wholly-owned subsidiary of Blackstone alternative asset.... Interview Candidate in Singapore, i applied through other source may not be a reliable guide to performance. Can not invest in an index ongoing concern and asset liquidation scenarios, investment Banking Private... Investhedge Billion Dollar Club, as of December 31, 2021 based AUM. 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