Caspian invests in a variety of securities but has historically focused on three trading strategies: 1) stressed/distressed corporate situations; 2) capital structure arbitrage; and 3) value shorting. Blackstone does not guarantee the accuracy and completeness of such information and provides no assurance regarding the performance, management or affairs of the Sub-Adviser. H/W/S? 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. Anonymous Interview Candidate in New York, NY, I applied online. Sorry, you need to login or sign up in order to vote. What should I know /ask during the interview? I interviewed at The Blackstone Group. You should also brush up on your technical knowledge of the position you're applying for. 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. What is a blackstone endeavor/initiative that you find interesting? Morris is involved in top-down investment strategy, asset allocation and macroeconomic analysis for BAAM. What is the interview process like at The Blackstone Group? This employer has not claimed their Employer Profile and is missing out on connecting with our community. Thanks! I dont have any real finance experience and cant talk the talk. Anyone had this interview who could give me some advice? 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. 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. Does anyone know if compliance at Blackstone etc. Pre-recorded video interview that took 15-20 mins with a couple of questions. The process took 2 weeks. Seiga identifies investment opportunities using specific stock picking criteria with a thematic overlay. Learn More $80B Investor Capital Under Management 26+ Year Track Record 115 Investment Professionals WHAT WE DO Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). Blackstone is the world's largest alternative asset manager. (1) Blackstone and its affiliates have financial interests in asset managers. While the long book is expected to be the primary driver of alpha over time, the short side of the portfolio is positioned to be accretive to overall performance as well. (1) Blackstone and its affiliates have financial interests in asset managers. I don't have any real finance experience and can't "talk the talk." Anyone had this interview who could give me some advice? - People were nice and welcoming - Very technical towards end of process. Bayforests proprietary algorithm consumes large quantities of data to infer actionable insights in real time, which in turn are used to identifying complex patterns that may be formed because of market inefficiencies. Blackstone makes no assurances as to the accuracy or completeness thereof. The research process includes analysis of core value drivers and the source of mispricing. 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. The S&P is a float-weighted index, meaning company market capitalizations are adjusted by the number of shares available for public trading. 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. Seeks to mitigate volatility through exposure to diversifying assets. He is responsible for directing the manager research team in hedge fund manager selection and monitoring. Interview Tutorials & Structured Techniques. Note: Past performance may not be a reliable guide to future performance. We do this by using extraordinary people and flexible capital to help companies solve problems. J. The strategy for the Fund invests across industry sectors, with a focus on trading equities and equity indices. Can you give more about the details of what target you're at? Be the first to find this interview helpful, - Miami-Fort Lauderdale, FL, United States Area. Diversification does not ensure a profit or guarantee against loss. 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. Sed exercitationem laudantium possimus et aperiam. I received an offer from a small buy side firm (very old firm) and while the compensation isn't extraordinary, the exposure is a big selling point. There can be no assurance the Fund will achieve its objectives or avoid significant losses. Alpha: A risk-adjusted performance measure that represents the average return on a portfolio over and above that predicted by the capital asset pricing model (CAPM), given the portfolios beta and the average market return. 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. 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. Index data is obtained from unaffiliated third parties and is subject to subsequent adjustments. Is this considered PE? Tired of getting emails on Fridays that ruin my weekend. Vitae ipsum dignissimos totam atque sit hic officiis. Enim sed eius aut eveniet aut dolorum. Second interview you meet the managers in person. Joe Dowling, Blackstone Global Head of BAAM, said:"David and Atish will be key leaders in BAAM and are excellent additions to the team. You can receive additional information about the Fund by calling 855-890-7725 or by contacting your BAAM representative. Salary level, culture, etc. In sourcing ideas for the strategy, the manager leverages the experience, deep team and infrastructure of the broader Bayview firm in sourcing, purchasing, special servicing and divesting whole loans. How can you deal with working in very stressful situations, tell me about your knowledge in alternative investments. Any advice in terms of preparation or types of questions to expect? Hill will step back from the day-to-day operations and transition to a new role as chairman of BAAM, maintaining strong investor relationships and providing strategic advice to the senior management team. Good people. S&P 500 Index: Market-capitalization-weighted index of the 500 largest U.S. publicly traded companies. 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. 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. Multi-Manager Risk managers may make investment decisions which conflict with each other and as a result, the Fund could incur transaction costs without accomplishing any net investment result. I interviewed at The Blackstone Group (New York, NY) in Dec 2022 Interview This is the pre-recorded interview, where they mainly ask about your background and relevant experiences. Blackstone Strategic Capital Advisors L.L.C. 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. BAMSF Information Statement DEF 14C (01.13.2023), BAMSF Information Statement DEF 14C (5.23.2022), BAMSF Information Statement DEF 14C (2.25.2022), Blackstone Securities Partners L.P., Dealer Manager / Member, I AM NOT A US PERSON, TAKE ME TO BLACKSTONE.COM, North America, Western Europe, and Australia. HealthCors investment objective is to achieve superior risk-adjusted growth primarily through investments in equity and equity-related instruments. Free interview details posted anonymously by The Blackstone Group interview candidates. has a good work life balance? What should I know /ask during the interview? Describe in 60 seconds why you are a good fit for Blackstone. Apertures investment strategy aims to identify and invest in enablers, beneficiaries, and targets of transformation. 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. (1) Inception date for the D. E. Shaw group. 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. The strategy for the Fund seeks to generate alpha by taking advantage of mispricing across regional markets prone to dislocations. (2) Magnetar was formed in 2016 and is an affiliate of Magnetar Financial LLC, which was founded in 2005. Subject to Blackstones information walls and confidentiality and fiduciary obligations. I applied online. Types of questions? For a discussion of this and other conflicts, please see the Additional Disclosure section at the end of this document. For a discussion of this and other conflicts, please see the Additional Disclosure section at the end of this document. 150+ Past Interview Questions & Model Answers. has a good work life balance? Specialists with expertise in specific alternative strategies are combined in one solution. I interviewed at The Blackstone Group in Jan 2011. Any allocation by Blackstone to a subsidiary or other affiliates (such as Magnetar) 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. Then, I went to their office for a final round. opportunistic credit investing, for nearly 8 years. 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. All Rights Reserved. Have an interview at a shared service Blackstone Portco tomorrow. Would love to hear about BREDS. Bayview is an active purchaser of large and small pools of seasoned real-estate backed (performing and non-performing) loans from a variety of banks and government agencies. 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. Management is very friendly. I interned at a BB IBD last summer and this definitely seems interesting to me. 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. Laboriosam corrupti consequatur molestiae occaecati officia accusantium. Net Exposure: This is the difference between long and short investment positions in relation to the net asset value. BAAM Analyst (4) Data Analyst (3) Real Estate Debt Strategies Summer Analyst (3) Real Estate Private Equity Summer Analyst (3) Allocations of capital across these desks is based on VaR risk budget. I'm kind of stressing a bit just due to time constraints. The Sub-Adviser is engaged in energy trading across North America and European gas, power and liquids markets. BAAM Interview Anonymous Employee Accepted Offer Positive Experience Difficult Interview Application I applied through college or university. All Rights Reserved. BXMIX provides a diversified blendof alternative strategies and hedge fund managersin a single daily liquid mutual fund.1. Max Jaffe is a Principal of the Hedge Fund Solutions Group (BAAM) where he serves as a portfolio manager for BAAMs registered funds platform. Was invited to come into the city to interview with the BAAM team. I applied through college or university. 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. 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. I applied online. 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). Endeavour evaluates investment opportunities with a stock specific lens, understanding how industry trends, economic data, and competitive dynamics impact company fundamentals to inform idea generation, analysis, and risk management. All investors should consider the investment objectives, risks, charges and expenses of BXMIX, Class I carefully before investing. I'm interviewing with Portfolio Mgmt and Client Relations. Mr. Morris is involved in top-down investment strategy, asset allocation and macroeconomic analysis for BAAM. 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. AUM as of December 31, 2022. (2) Across all new investments where Blackstone has control over energy use. All investors should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. Tempora aut velit sed eum molestias repudiandae. This employer has not claimed their Employer Profile and is missing out on connecting with our community. 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. I interviewed at The Blackstone Group (New York, NY) in Sep 2018. Stephen W. Sullens is a Senior Managing Director of The Blackstone Group and Head of Portfolio Management for the Hedge Fund Solutions Group. Mr. Abrahams has a B.A. I have this Blackstone interview tomorrow, its only 15 minutes but Im pretty nervous. 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