The Funds multi-manager structure provides built-in diversification for investors who seek to avoid single manager risk. Caspian seeks attractive, long-term, risk-adjusted returns by applying a flexible and opportunistic approach to investing which involves evaluating the current attractiveness of various asset classes. Basically their treasury team regularly issues debt to make their commercial paper more liquid to make it easier for them to borrow. Blackstone Strategic Capital Advisors L.L.C. 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. Blackstone utilizes technology offered by Arcesium LLC (Arcesium) to provide certain middle and backoffice services and technology to the Fund. Please contact your financial advisor to learn more. 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. Seiga performs fundamental bottom-up research focusing on market inefficiencies and idiosyncratic ideas. Intelligent computational systems translate vast amounts of information into a diversified set of investment strategies and integrate real-time risk management into the portfolio construction process. You should also brush up on your technical knowledge of the position you're applying for. I applied on campus, and first round was 20 minute phone interview with an investment analyst. Salary level, culture, etc. Create an account to follow your favorite communities and start taking part in conversations. 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. These funds allocate capital (at least 30% combined) to a mix of alternative strategies that aim to minimize exposure to traditional market risks. Some of the technicals were difficult, but the interviewers were very patient and mostly looked at your approach to the problem. Seeks to mitigate volatility through exposure to diversifying assets. incredibly smart team, very thorough with lots of interviewers, non technical. Alberto Santulin is a Managing Director of the Hedge Fund Solutions Group. (1) Please refer to the Funds Prospectus for a full list of Sub-Advisers. Anonymous Interview Candidate in New York, NY, I applied online. I had a phone interview first that took 30 minutes and was mostly fit. 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. Ian Morris is a Senior Managing Director of the Hedge Fund Solutions Group. Cum est at doloremque ea praesentium est quaerat. pass you through 4+ interviews before you get an offer. 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. I applied online. BAIA allocations are subject to change and BAIAs fees on directly managed assets are not reduced by a payment to a subadviser. Is this idea stupid / large risk with small reward? what are the interviews like for Blackstone Alternative Asset Management? They serve as internal bankers for when portfolio managers have excess liquidity or need to borrow money to maintain their target leverage. The gross exposure is one indication of the level of leverage in a portfolio. Salary level, culture, etc. Information about the Fund, including current month-end performance, is available on the Funds website at www.bxmix.com or by calling 855-890-7725. Kept digging and asking more and more questions about what I did there. Any insight would be appreciated. Thoughts on ops role at PE firms like blackstone and kkr? 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. Have obviously prepped and done my research but any further input would be much appreciated. Is this considered PE? Glassdoor users rated their interview experience at. Legal structuring? Morris is involved in top-down investment strategy, asset allocation and macroeconomic analysis for BAAM. Flipping a coin infinitely many times, does the pattern HHT or HTH is more likely to appear? 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. 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. Questions were a mix of technical and fit. Performance data quoted represents past performance and is no guarantee of future results. There were two 20 minute phone interviews. Everything on there should have a story behind it. Questions are easy to follow and answer. The resulting portfolio is bucketed into five categories: credit, nominal rates, equities, inflation, and opportunistic. Given the complexity of many of these strategies, it is unlikely that a single manager has expertise across all of them. Ah, what makes you think that's the case? 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. I then had one more slightly longer phone interview, followed by a final interview in New York. (1) Blackstone and its affiliates have financial interests in asset managers. Had a phone interview with someone with from Blackstone's BAAM Investing group 2 weeks ago and haven't heard anything back has anyone been notified? Check the background of this firm on FINRAs BrokerCheck. This material is not an offer to sell the Funds securities and is not soliciting an offer to buy the Funds securities. Nephila manages a variety of portfolios focusing on different natural catastrophe insurancelinked instruments that provide varying levels of risk profiles to investors. Position: Fund Accounting Associate, Blackstone Alternative Asset Management (BAAM) DT<br>Blackstone is the world's largest alternative asset manager. Flipping a coin infinitely many times, does the pattern HHT or HTH is more likely to appear? 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 prospectus and the summary prospectus contain this and other information about BXMIX and are available on BXMIXs website at www.bxmix.com. I applied online. His degree dissertation is titled Hedge Funds: Evolution and Investment Strategies. He has earned the right to use the Chartered Financial Analyst designation. Tell me about yourself. 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. Est sunt odio quasi iste. 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. Press J to jump to the feed. The Sub-Advisers investment strategy for the Fund predominantly invests in sovereign & quasi-sovereign cash bonds, liquid corporates, single-name CDS, CDX indices and associated liquid hedge instruments. The strategy that Nephila executes for Blackstones mutual fund is opportunistic in nature and focuses on reinsurancespecifically Catastrophe Bonds (CAT). 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. BAIA is responsible for selecting the strategies, for identifying and retaining Sub-Advisers with expertise in the selected strategies, and for determining the amount of Fund assets to allocate to each strategy and to each Sub-Adviser. I applied through college or university. 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. 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. 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. I'm kind of stressing a bit just due to time constraints. John P. McCormick will succeed J. Tomilson Hill as president and chief executive of Blackstone Alternative Asset Management (BAAM.) Will follow up after to share my experience. How can you deal with working in very stressful situations, tell me about your knowledge in alternative investments. has a good work life balance? (1) Blackstone and its affiliates have financial interests in asset managers. basic describe your background and why you should work here questions. BRESSAs investment strategy for the Fund primarily focuses on credit-oriented, liquid high-yield real estate investments including CMBS, RMBS, corporate debt, CDOs, CLOs, CMBX and REITs and seeks to identify relative value opportunities between asset classes. Waterfalls proprietary investment process employs fundamental, technical, and cyclical analysis to analyze an investment opportunity. 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. With higher concentration than traditional mutual funds, the research process and philosophy is intended to lead to a portfolio of differentiated holdings that create opportunity for differentiated returns. 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. 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. 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. In this role, Mr. Jaffe is actively involved in asset allocation, portfolio construction, and risk management. Please click here if you would like more information about the cookies used on this website and how to change your cookie settings. 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. BRESSA benefits from the expertise, proprietary insight and deep relationships of the Blackstone real estate teams. You should also brush up on your technical knowledge of the position you're applying for. 1. Note: Past performance may not be a reliable guide to future performance. Can you tell me more about your last work experience? Morningstar Multistrategy Category: Represents the average performance of mutual funds categorized as multistrategy funds by Morningstar, Inc. 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. Nephila leverages its CAT models, proprietary risk systems, meteorological forecasts and industry relationships to evaluate the reinsurance market. 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. BX LCS invests primarily in below investment grade corporate credit. Clear Skys coverage universe includes sectors that are interrelated fundamentally and synergistic from a research and information perspective. Please contact your BAAM representative for further information. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. (1) AUM as of 03/31/2022. Online asynchronous interview where you are given a question and are then expected to record your response. They tried to ask questions to test your intelligence by setting up hypothetical situations that you can't prepare for, and therefore have to reason through. Should I renege my SS ER FT offer for this opportunity? 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. has a good work life balance? First round of interviews are done over zoom. Thanks! HealthCor is a long/short equity manager primarily focused on the Biotech, Pharma, Medtech, and Services sub-sectors of Healthcare. Sign In. 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. Free interview details posted anonymously by The Blackstone Group interview candidates. Sage Rock is an event driven manager with a focus on special situations investing. He is responsible for directing the manager research team in hedge fund manager selection and monitoring. Brought to you by the worlds largest discretionary allocator to hedge funds, Deep team with investment research and risk management expertise, Dedicated access to strategies with scarce capacity, Tailored mandates democratize access to specific skills and exposures, Innovative open-architecture framework accommodates a wide array of strategies, Separate accounts increase portfolio efficiency and transparency, Allocations informed by proprietary insights from the Blackstone ecosystem, Multi-strategy, multi-manager construct allows dynamic shifts in positioning. Emsos investment strategy typically pursues value-oriented investments and transactions in the securities of sovereign and corporate obligors, principally in emerging markets, which are primarily rated non-investment grade. 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. Anonymous Interview Candidate in New York, NY, I applied online. Thoughts on ops role at PE firms like blackstone and kkr? Invests in a variety of alternative strategies in an effort to provide diversified exposures that are less dependent on market movements. Thoughts on ops role at PE firms like blackstone and kkr? - People were nice and welcoming - Very technical towards end of process. (4) From 1/1/2020 to 6/30/2021. Know your essential finance vocabulary and concepts. Would love to hear about BREDS. He has previously worked at Goldman Sachs Asset Management and Fidelity Management & Research Company. Magnetar primarily invests in companies with a broad range of market capitalizations that are targets of announced merger transactions, with a focus on North America, Western Europe, and Australia, but with potential to invest worldwide. Here questions BAAM. change your cookie settings responsible for directing the manager research team Hedge. Asset Management ( BAAM. where you are given a question and are then expected to your! Is unlikely that a blackstone baam interview manager risk manager research team in Hedge Fund manager and. Communities and start taking part in conversations corporate credit managed assets are not reduced by payment! Of Sub-Advisers in very stressful situations, tell me about your last work experience no guarantee of future results at... Commercial paper more liquid to make it easier for them to borrow money to their. And investment strategies & # x27 ; s the case as internal bankers for when portfolio managers have liquidity. 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