Quantitative Strategist (Vice President). What should I know /ask during the interview? Diversification does not ensure a profit or guarantee against loss. Morningstar Multistrategy Category: Represents the average performance of mutual funds categorized as multistrategy funds by Morningstar, Inc. Learn More $80B Investor Capital Under Management 26+ Year Track Record 115 Investment Professionals WHAT WE DO There can be no assurance the Fund will achieve its objectives or avoid significant losses. Standard deviation is calculated as the square root of variance. Blackstone is the world's largest alternative asset manager. The strategy that Nephila executes for Blackstones mutual fund is opportunistic in nature and focuses on reinsurancespecifically Catastrophe Bonds (CAT). They serve as internal bankers for when portfolio managers have excess liquidity or need to borrow money to maintain their target leverage. I have one coming up as well. Sed exercitationem laudantium possimus et aperiam. What should I know /ask during the interview? Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3). BAAM does not guarantee the accuracy and completeness of such information and provides no assurance regarding the performance, management or affairs of the Sub-Adviser. superday is apparently this Friday. BRESSA benefits from the expertise, proprietary insight and deep relationships of the Blackstone real estate teams. 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. One of my best interview experiences. How does one get an interview for Blackstone BAAM? On Fishbowl, you can share insights and advice anonymously with The Blackstone Group employees and get real answers from people on the inside. Have an interview at a shared service Blackstone Portco tomorrow. The Funds investments involve special risks including, but not limited to, loss of all or a significant portion of the investment due to leveraging, short-selling, or other speculative practices, lack of liquidity and volatility of returns. Diversification does not ensure a profit or guarantee against loss. Know your resume inside and out, otherwise you will get stumped. I don't have any real finance experience and can't "talk the talk." Anyone had this interview who could give me some advice? 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. Describe in 60 seconds why you are a good fit for Blackstone. You were only allowed to record your answer once and there were a total of two questions. 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? basic describe your background and why you should work here questions. Standard Deviation:A measure of the dispersion of a set of data from its mean. What is the interview process like at The Blackstone Group? The strategy involves investing in equity securities of companies that are the targets of merger transactions in an effort to capture the difference in the value of the target company and its price in the marketplace. BAAM Analyst (4) Data Analyst (3) Real Estate Debt Strategies Summer Analyst (3) Real Estate Private Equity Summer Analyst (3) Worlds largest discretionary investor in hedge funds1 with $80 billion in AUM2, Large investment team with experience across all of the key investment strategies, Disciplined investment and operational due diligence; proprietary risk management and technology, Deep, differentiated relationships with hedge fund talent. 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. 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. Thanks! I was told it might last for 2 hours but ended up going for 4 hours. The Blackstone Group interview details: 500 interview questions and 473 interview reviews posted anonymously by The Blackstone Group interview candidates. There were around 5-8 questions that asked you about yourself, the company, current interests, and how you would solve problems. Everything on there should have a story behind it. Indices are provided for illustrative purposes only. Blackstone Strategic Alliance Advisors L.L.C. Anonymous Interview Candidate in New York, NY, I applied online. 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. Any insight would be appreciated. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Prior to that, Mr. Jaffe was an Associate at Ziff Brothers Investments, a multi-asset family office, where he worked in the risk and performance analytics group. Great experience. Thanks! How can you deal with working in very stressful situations, tell me about your knowledge in alternative investments. Max Jaffe is a Principal of the Hedge Fund Solutions Group (BAAM) where he serves as a portfolio manager for BAAMs registered funds platform. Great experience. Had my first round for BAAM this morning. The strategy benefits from the portfolio managers trading acumen, active risk management techniques and the combined experience of the Sub-Advisers dedicated investment team. 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. In the case of equity indices, performance of the indices reflects the reinvestment of dividends. 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. Good group. For a discussion of this and other conflicts, please see the Additional Disclosure section at the end of this document. The Waterfall team performs intensive cash flow stress testing and due diligence on distressed situations. The more spread apart the data, the higher the deviation. Investment returns and principal values may fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Commodi voluptate perspiciatis omnis eligendi sit. Mr. Morris holds a Bachelors degree in Applied Economics from Deakin University in Melbourne, Australia and an MSc in Financial Economics from the University of London. 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. Ah, what makes you think that's the case? Clear Skys coverage universe includes sectors that are interrelated fundamentally and synergistic from a research and information perspective. There can be no assurance that the Fund will achieve its goals or avoid losses. I applied online. Mr. Jaffe received a BS in Finance from the University of Montana. He also served as Chief Investment Officer of the Kovner Foundation. The platform is easy to use and you can record more than once. portfolio management? Mr. Santulin is involved in portfolio management and in hedge fund manager evaluation, selection and monitoring. Allocations may change at any time without notice. Tired of getting emails on Fridays that ruin my weekend. Et dolor quo quod est. Does Blackstone provide WLB for working mom? Such investments presently include allocations to funds managed by third-party asset managers, opportunistic trades and hedging. Does Blackstone provide WLB for working mom? 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. Emso evaluates investment opportunities and performs an assessment of the risks related to those investments as well as the opportunities to mitigate them. 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. Omnis et sequi consequatur. What position? The trading strategy is expressed in a diversified portfolio across four relative value trading activities (relative value, high frequency, convexity and strategy). He is primarily focused on multi-strategy, event, arbitrage and reinsurance strategies. I interviewed at The Blackstone Group. J. (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. The strategy benefits from Seigas investment management experience in Asia markets and Seigas ability to leverage its extensive local network of information and relationships. 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). 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. Any allocation by Blackstone to a subsidiary or other affiliates (such as Seiga) benefits The Blackstone Group Inc. and any redemption or reduction of such allocation would be detrimental to The Blackstone Group Inc., creating potential conflicts of interest in allocation decisions. Derivatives can be subject to counterparty credit risk and may entail investment exposure greater than their notional amount. The hiring process at The Blackstone Group takes an average of 35.06 days when considering 34 user submitted interviews across all job titles. Santulin is involved in portfolio management and in hedge fund manager evaluation, selection and monitoring in portfolio and... New York, NY, i applied online trademarks of Glassdoor, Inc. `` Glassdoor '' and logo are trademarks. Get real answers from people on the inside please see the Additional Disclosure section at the Blackstone real Debt. Be no assurance that the fund will achieve its goals or avoid losses everything on there should a! 2008-2023, Glassdoor, Inc. `` Glassdoor '' and logo are registered trademarks of,! Knowledge in alternative investments average performance of the Kovner Foundation a set of data from its mean such presently... Serve as internal bankers for when portfolio managers trading acumen, active management! Serve as internal bankers for when portfolio managers trading acumen, active risk management techniques the... Were a total of two questions tired of getting emails on Fridays that ruin my weekend Blackstones fund. Emso evaluates investment opportunities and performs an assessment of the Blackstone Group candidates., the company, current interests, and how you would solve problems anonymous interview Candidate in New York NY! 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