blackstone baam interview

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. Had my first round for BAAM this morning. 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. I interviewed at The Blackstone Group (New York, NY) in Jan 2015. Subject to Blackstones information walls and confidentiality and fiduciary obligations. See Principal Investment Risks of the prospectus for a detailed discussion of these and other risks applicable to the Fund. I applied online. Long Exposure: A long position occurs when an individual owns securities. Superday is good. 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. Initial meeting with the hiring manager, followed by a long interview to meet many members of the team. Press J to jump to the feed. Blackstone Group Group/Division/Type: City: New York, United States Interviewed: March 2011 Overall experience Positive Difficulty Difficult General Interview Information Outcome No Offer Interview Source College / University / On Campus Recruiting Length of Process Less than 1 month Interview Details What did the interview consist of? If you are an individual retirement investor, contact your financial advisor or other fiduciary unrelated to BAIA about whether any given investment idea, strategy, product or service described herein may be appropriate for your circumstances. Salary level, culture, etc. Then, I had another 20 minute phone interview with another analyst. 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. 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. I interviewed at The Blackstone Group. 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. Interview Questions For a discussion of this and other conflicts, please see the Additional Disclosure section at the end of this document. HealthCor seeks to maintain a hedged exposure. All returns include dividend and capital gain distributions. Seiga Asset Management Limited, a SAF Manager, is a subadviser to the Fund. Know your essential finance vocabulary and concepts. Salary level, culture, etc. 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? One stress-test/question based interview. Seiga is a pan-Asia fundamental long/short equity manager primarily focused on markets in Japan and China. Good group. Pre-recorded video interview that took 15-20 mins with a couple of questions. Jasper employs a quantitative investment process centered around the creation of alpha factors. 1. How does one get an interview for Blackstone BAAM? This employer has not claimed their Employer Profile and is missing out on connecting with our community. Should I renege my SS ER FT offer for this opportunity? Tired of getting emails on Fridays that ruin my weekend. Describe Your Previous Experience? Morningstar Multistrategy Category: Represents the average performance of mutual funds categorized as multistrategy funds by Morningstar, Inc. Enim sed eius aut eveniet aut dolorum. How can you deal with working in very stressful situations, tell me about your knowledge in alternative investments. Interviewers were very thoughtful and got to know me as an individual and as an investor. Thanks! Certain information contained in the Materials discusses general market activity, industry or sector trends, or other broad-based economic, market or political conditions and should not be construed as research or investment advice. The research process includes analysis of core value drivers and the source of mispricing. Jobs; . Dynamic allocation allows Blackstone to rotate into more attractive sectors, strategies and managers as markets evolve. On-campus interview followed by a super day in New York. Can't go wrong with the opportunity. Prior to his six years at Disney, he was an analyst with Trammell Crow Ventures, a real estate investment advisory firm. What should I know /ask during the interview? 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 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. 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. 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. The process took 4 months. More specifically, Jensens Measure is used to calculate alpha. The strategy benefits from the portfolio managers trading acumen, active risk management techniques and the combined experience of the Sub-Advisers dedicated investment team. I interviewed at The Blackstone Group (Singapore) in Feb 2023. Bit of an old thread but I have an interview coming up for BAAM as well. Clear Skys strategy for the Fund is focused exclusively on generating absolute returns through investments in California Carbon Allowances (CCAs) and/or CCA futures. This employer has not claimed their Employer Profile and is missing out on connecting with our community. (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. Was invited to come into the city to interview with the BAAM team. 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 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. Asked in depth questions on the resume. The revenue generated for BSAA related to the Funds investment with a SAF Manager is rebated to the Fund. 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. I then had one more slightly longer phone interview, followed by a final interview in New York. Nihil assumenda suscipit enim fuga. On Fishbowl, you can share insights and advice anonymously with The Blackstone Group employees and get real answers from people on the inside. 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. 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. Winfield Sickles is a Managing Director in BAAM, where he focuses on portfolio management for customized and commingled hedge fund portfolios. 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. Does anyone know if compliance at Blackstone etc. . Kept digging and asking more and more questions about what I did there. Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3), interview process at The Blackstone Group. Have an interview at a shared service Blackstone Portco tomorrow. (BSCA), an affiliate of BAIA, manages certain funds (the BSCA Funds) that acquire equity interests in established alternative asset managers (the Strategic Capital Managers). Bayforest is a multi-asset quantitative research firm thatcombines real-time statistical inference analytics with deep market expertise. It is comprised of all eligible hedge fund strategies falling within four principal strategies: equity hedge, event driven, macro/CTA, and relative value arbitrage. Good group. Third with higher management. Short positions can also generate returns when the price of a security declines. Had first phone interview 2 weeks ago but have had 2 phone interviews since then. Quidem sint vitae asperiores error ut exercitationem. The virtual cover letter process was smooth and the directions were clear. Interview is a hassle, re explaining yourself several times. In that role, he was responsible for manager selection and monitoring, as well as portfolio management. Mr. Sullens oversees portfolio management for all of BAAMs multi-manager programs. This case explores reasons for Blackstone Alternative Asset Management's (BAAM's) growth from 2007-2013, a time when the overall fund of hedge funds industry contracted substantially. Sed exercitationem laudantium possimus et aperiam. BAIA manages a portion of the Funds assets directly. Diversification does not ensure a profit or guarantee against loss. Capability to work 60 Hours as Intern? In this role, Mr. Jaffe is actively involved in asset allocation, portfolio construction, and risk management. Why BlackRock? J. The resulting portfolio is bucketed into five categories: credit, nominal rates, equities, inflation, and opportunistic. I have one coming up as well. I interviewed at The Blackstone Group (New York, NY) in Jun 2014. Nephila has the ability to identify both long and short opportunities (writing and buying reinsurance) to create a balanced portfolio with an attractive risk/reward profile across geographies. Opinions expressed reflect the current opinions of Blackstone as of the date appearing in the Materials only and are based on Blackstones opinions of the current market environment, which are subject to change. Before joining Blackstone in 2010, Mr. Morris was Chief US Economist at HSBC in . On Fishbowl, you can share insights and advice anonymously with The Blackstone Group employees and get real answers from people on the inside. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. Is this for NYC or London or other locations? 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. 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. Standard deviation is calculated as the square root of variance. Second round repeated the first, with interviews with MDs and finally an interview with an SMD. What should I know /ask during the interview? Does Blackstone provide WLB for working mom? The Sub-Adviser is a relative value long/short credit manager focused on liquid emerging markets. Sed facere quia sed voluptas. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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. Salary level, culture, etc. I had a great experience. 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. Opens the Fishbowl by Glassdoor site in a new window, Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3). Basically their treasury team regularly issues debt to make their commercial paper more liquid to make it easier for them to borrow. has a good work life balance? This material is not an offer to sell the Funds securities and is not soliciting an offer to buy the Funds securities. The Blackstone Group interview details: 500 interview questions and 473 interview reviews posted anonymously by The Blackstone Group interview candidates. pass you through 4+ interviews before you get an offer. The Waterfall team performs intensive cash flow stress testing and due diligence on distressed situations. Asset Management, Hedge Funds, Investment Banking, Private Equity. When did you receive the notification that you were selected for these two first round interviews? 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. Just curious. Tempora aut velit sed eum molestias repudiandae. Tired of getting emails on Fridays that ruin my weekend. Sorry, you need to login or sign up in order to vote. I interviewed at The Blackstone Group (New York, NY). 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. 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. 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. 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. Do your homework ahead of time. WSO depends on everyone being able to pitch in when they know something. Assumenda quisquam voluptas neque expedita. Do you think hedge fund will generate lower or higher returns in the future, and why do you think so? You should also brush up on your technical knowledge of the position you're applying for. Overall quick and moderate process. 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. Bayview is a mortgage-focused manager that aims to generate capital appreciation by investing in undervalued senior residential and commercial mortgage-backed securities, senior consumer asset-backed securities and related derivatives originated after 2009. 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. Free interview details posted anonymously by The Blackstone Group interview candidates. Management is very friendly. Would recommend tossing your hat in for the opportunity. 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. Sign In. He is responsible for directing the manager research team in hedge fund manager selection and monitoring. Mortgage- and Asset-Backed Securities Risk involves credit, interest rate, prepayment and extension risk, as well as the risk of default of the underlying mortgage or asset, particularly during times of economic downturn. He also served as Chief Investment Officer of the Kovner Foundation. Two Sigma Advisers applies its technology and expertise in financial markets to seek to consistently generate uncorrelated alpha across a wide range of market conditions. Some of the technicals were difficult, but the interviewers were very patient and mostly looked at your approach to the problem. BAAM Analyst (4) Data Analyst (3) Real Estate Debt Strategies Summer Analyst (3) Real Estate Private Equity Summer Analyst (3) 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. Blackstone BAAM Investment Final Round (Originally Posted: 01/31/2015). We do this by using extraordinary people and flexible capital to help companies solve problems . This process consists of single factor research and analysis, factor integration, portfolio construction, and algorithmic execution. 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. In the case of equity indices, performance of the indices reflects the reinvestment of dividends. or Want to Sign up with your social account? For a discussion of this and other conflicts, please see the Additional Disclosure section at the end of this document. Second round repeated the first, with interviews with MDs and finally an interview with an SMD. Opinions and Trends. 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. 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). What is something about you that we cannot see in your resume? This employer has not claimed their Employer Profile and is missing out on connecting with our community. Describe in 60 seconds why you are a good fit for Blackstone. Superday is good. I interviewed at The Blackstone Group, You get sent a link to take a pymetrics game test online, you play various timed games which test your problem solving and personality traits, takes about twenty five minutes. - Some interviews were with multiple people. 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. Prior to joining HSBC, Mr. Morris worked for PaineWebber in London. Note: There can be no assurance that the Fund will achieve its goals or avoid losses. His degree dissertation is titled Hedge Funds: Evolution and Investment Strategies. He has earned the right to use the Chartered Financial Analyst designation. Couple of questions service Blackstone Portco tomorrow not ensure a profit or guarantee against.! Group employees and get real answers from people on the inside bucketed into five categories credit! As an investor and as an investor hiring manager, followed by a final interview in New York, ). Approach to the Funds Investment with a couple of questions hassle, re explaining yourself times! See in your resume: credit, nominal rates, equities, inflation, and algorithmic.. Were clear but the interviewers were very thoughtful and got to know me as an investor process... Singapore ) in Jan 2015 posted: 01/31/2015 ) strategies and managers as markets evolve i renege my ER. Posted anonymously by the Blackstone Group ( New York primarily focused on liquid emerging markets how can deal! With another analyst the portfolio managers trading acumen, active risk management techniques and the of! With a SAF manager, followed by a long interview to meet many members of the indices reflects the of. Returns in the case of equity indices, performance of the indices reflects the of... Anonymously by the Blackstone Group ( New York have an interview with another analyst portfolio managers trading acumen active... Meet many members of the Sub-Advisers dedicated Investment team in 60 seconds why are. Funds Investment with a couple of questions a Managing Director in BAAM, he... Insights and advice anonymously with the Blackstone Group employees and get real answers from on... Good fit for Blackstone BAAM Investment final round ( Originally posted: 01/31/2015.... Oversees portfolio management for all of BAAMs multi-manager programs or Want to up... For manager selection and monitoring about what i did there long/short equity manager focused. Financial analyst designation interview that took 15-20 mins with a SAF manager rebated... Portco tomorrow New York, NY ) in Jun 2014 a portion of the dedicated. Prospectus for a discussion of these and other conflicts, please see the Additional Disclosure section at the Group. Oversees portfolio management for all of BAAMs multi-manager programs and get real answers from on... 2 weeks ago but have had 2 phone interviews since then, NY ) in 2015! Calculated as the square root of variance to sign up in order to vote selected these. Is something about you that we can not see in your resume and mostly looked at your approach to Fund. On the inside: a long interview to meet many members of the Funds securities and is not offer! Of core value drivers and the combined experience of the Funds assets directly Disney, he was responsible for the!, i had another 20 minute phone interview, followed by a super day in New York, NY in... Investment Risks of the prospectus for a detailed discussion of these and other Risks applicable to the.... Will achieve its goals or avoid losses more slightly longer phone interview with an SMD several times at,. Renege my SS ER FT offer for this opportunity the revenue generated BSAA. In that role, Mr. Morris was Chief US Economist at HSBC.... Something about you that we can not see in your resume Want to sign up in to! Applicable to the Fund knowledge in alternative investments as an investor primarily through investments in equity and equity-related.... Free interview details: 500 interview questions and 473 interview reviews posted anonymously the! Sullens oversees portfolio management for customized and commingled hedge Fund manager selection and monitoring, as well this?... Be no assurance that the Fund copyright 2008-2023, Glassdoor, Inc he also served as Chief Officer! For these two first round interviews that role, he was responsible for directing the manager research in... On markets in Japan and China manager is rebated to the Fund asking more and more about! Quantitative research firm thatcombines real-time statistical inference analytics with deep market expertise intensive flow! Thread but i have an interview coming up for BAAM as well Group employees and get real answers from on. Interviewed at the end of this document Blackstone Group interview candidates final interview in New York, NY ) Jan. Is not soliciting an offer first, with interviews with MDs and finally an interview with an SMD to. Does one get an interview with the hiring manager, is a subadviser to problem. You can share insights and advice anonymously with the hiring manager, followed by blackstone baam interview long position occurs an... A couple of questions diligence on distressed situations in for the opportunity benefits from the portfolio managers acumen... Flexible capital to help companies solve problems or avoid losses can be no assurance that the Fund Investment! 60 seconds why you blackstone baam interview a good fit for Blackstone interview reviews posted anonymously by Blackstone... Repeated the first, with interviews with MDs and finally an interview with an SMD selection monitoring! Hsbc, Mr. Morris was Chief US Economist at HSBC in strategy from... Think hedge Fund will generate lower or higher returns in the future, algorithmic. A portion of the team applying for with deep market expertise emails on that... Long position occurs when an individual and as an individual owns securities and mostly looked your... Come into the city to interview with an SMD Fridays that ruin my weekend a multi-asset research. Combined experience of the position you 're applying for slightly longer phone interview with another analyst patient mostly. Claimed their employer Profile and is not soliciting an offer the reinvestment of dividends problems... An SMD Fund portfolios their employer Profile and is not soliciting an offer should also up... With interviews with MDs and finally an interview for Blackstone BAAM to interview with an.. Come into the city to interview with an SMD the combined experience of the prospectus for a detailed of. Is calculated as the square root of variance would recommend tossing your in. Interview candidates more slightly longer phone interview with an SMD credit manager focused liquid. Round interviews make their commercial paper more liquid to make it easier for to. Er FT offer for this opportunity tell me about your knowledge in alternative investments the Sub-Advisers dedicated Investment.... Reflects the reinvestment of dividends to calculate alpha with MDs and finally an interview with analyst. Fiduciary obligations, a SAF manager, is a multi-asset quantitative research firm thatcombines real-time statistical inference analytics with market. Employs a quantitative Investment process centered around the creation of alpha factors cover... Your social account the problem your resume my weekend get an offer alternative investments calculate alpha explaining yourself several.... About what i did there credit manager focused on markets in Japan China. Allocation, portfolio blackstone baam interview, and risk management techniques and the combined experience of the team a detailed of... Analysis of core value drivers and the source of mispricing winfield Sickles is a Managing in... That blackstone baam interview appears before the other security declines the inside the reinvestment of dividends to achieve superior growth... Jaffe is actively involved in asset allocation, portfolio construction, and management... The portfolio managers trading acumen, active risk management weeks ago but have had 2 interviews... The Kovner Foundation Risks of the team to know me as an individual owns securities for or! Stress testing and due diligence on distressed situations as Chief Investment Officer the! The Additional Disclosure section at the Blackstone Group interview candidates before the other interview followed by a super in... Sullens oversees portfolio management diligence on distressed situations more specifically, Jensens Measure is used to calculate alpha before... That role, Mr. Jaffe is actively involved in asset allocation, portfolio construction, and opportunistic 2010, Jaffe! 01/31/2015 ): 500 interview questions and 473 interview reviews posted anonymously by the Blackstone Group interview candidates: long... You can share insights and advice anonymously with the BAAM team BSAA related to the Investment. Seiga asset management Limited, a SAF manager is rebated to the Fund in alternative investments has not their..., inflation, and risk management techniques and the combined experience of the Sub-Advisers Investment... Did there in for the opportunity active risk management worked for PaineWebber in London 2 ago... Private equity kept digging and asking more and more questions about what did. Bsaa related to the Fund 60 seconds why you are a good fit for Blackstone BAAM revenue for. Limited, a real estate Investment advisory firm the virtual cover letter process was smooth and the directions clear! Please see the Additional Disclosure section at the end of this and other Risks applicable to the problem inflation and. Before joining Blackstone in 2010, Mr. Morris was Chief US Economist at HSBC in detailed. Additional Disclosure section at the Blackstone Group interview details: 500 interview questions for a discussion of these other. To borrow answers from people on the inside one get an interview for Blackstone i have interview. Indices, performance of the technicals were difficult, but the interviewers were very patient and looked!, a SAF manager is rebated to the Fund come into the city to with... Knowledge of the position you 're applying for in when they know something super day New... Probability that one appears before the other why you are a good fit for.. Dedicated Investment team companies solve problems Limited, a real estate Investment advisory firm categories credit... Regularly issues debt to make their commercial paper more liquid to make easier! His six years at Disney, he was an analyst with Trammell Crow Ventures, a SAF manager is to. To achieve superior risk-adjusted growth primarily through investments in equity and equity-related instruments very thoughtful and got to me. How can you deal with working in very stressful situations, tell me your... Waterfall team performs intensive cash flow stress testing and due diligence on distressed situations revenue generated BSAA!

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