Candidates interviewing for Financial Analyst and Business Manager rated their interviews as the hardest, whereas interviews for Risk Analyst and Investor Relations roles were rated as the easiest. You are only given one attempt per question and are expected to finish your answer within a minute. The end-to-end process is entirely systematic and aims to capture perceived market inefficiencies. Learn More $80B Investor Capital Under Management 26+ Year Track Record 115 Investment Professionals WHAT WE DO Blackstone BAAM interview (Originally Posted: 09/27/2009). BAAM Interview Anonymous Employee Accepted Offer Positive Experience Difficult Interview Application I applied through college or university. I'm interviewing with Portfolio Mgmt and Client Relations. 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. The revenue generated for BSAA related to the Funds investment with a SAF Manager is rebated to the Fund. An investment in the Fund should be considered a speculative investment that entails substantial risks; you may lose part or all of your investment or your investment may not perform as well as other similar investments. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Great experience. 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. 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. 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. For a discussion of this and other conflicts, please see the Important Risks section at the end of this page. Mr. Sullens received both a BA in Economics and an MS in Industrial Engineering from Stanford University. Please contact your BAAM representative for further information. Describe Your Previous Experience? Shaw group, was formed in 2005. The strategy seeks to generate alpha by taking advantage of mispricing in less efficient, and liquid sovereign bond markets. 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. Source: InvestHedge Billion Dollar Club (as of December 31, 2021) based on AUM.2. Tempora aut velit sed eum molestias repudiandae. What should I know /ask during the interview? Est sunt odio quasi iste. 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. Had my first round for BAAM this morning. The data presented above is based on information obtained or derived from the Sub-Adviser. I went to a semi-target and didn't see anything ever posted. See Principal Investment Risks of the prospectus for a detailed discussion of these and other risks applicable 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. AUM reflects total AUM of Two Sigma Advisers, including employee and proprietary capital, and has been adjusted downward to avoid double-counting certain assets. 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. (1) Sub-Adviser is not currently managing any Fund assets. 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. The Sub-Adviser is engaged in energy trading across North America and European gas, power and liquids markets. Interviews at The Blackstone Group Experience Positive 55% Negative 15% Neutral 30% Getting an Interview Applied online 39% Campus Recruiting 27% Recruiter 15% Difficulty 3.1 Average Hard Average Easy Interviews for Top Jobs at The Blackstone Group Analyst (54) Summer Analyst (46) Software Engineer (21) Intern (21) See more interviews for top jobs 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. Glassdoor users rated their interview experience at. Online asynchronous interview where you are given a question and are then expected to record your response. I interviewed at The Blackstone Group (New York, NY) in Jan 2015. Good group. All investors should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. Anonymous Interview Candidate in New York, NY, I applied online. 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. It all adds up to more than $1.27 . AUM as of December 31, 2022. (1) Blackstone and its affiliates have financial interests in asset managers. 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. Is this idea stupid / large risk with small reward? HealthCor is a long/short equity manager primarily focused on the Biotech, Pharma, Medtech, and Services sub-sectors of Healthcare. 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. Two fit interviews. I applied on campus, and first round was 20 minute phone interview with an investment analyst. I interviewed at The Blackstone Group in Jan 2011. Diversification does not ensure a profit or guarantee against loss. His degree dissertation is titled Hedge Funds: Evolution and Investment Strategies. He has earned the right to use the Chartered Financial Analyst designation. The Fund will not participate in any of the economic arrangements between the BSCA Funds and any Strategic Capital Manager with which the Fund invests. For a discussion of this and other conflicts, please see the Additional Disclosure section at the end of this document. Emso is an emerging markets manager focused on credit, rates and currencies. Seeks to deliver steady growth with a focus on maximizing risk-adjusted returns over a full market cycle. Good group. 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. Past events and trends do not imply, predict or guarantee, and are not necessarily indicative of, future events or results. Had first phone interview 2 weeks ago but have had 2 phone interviews since then. Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3), The Ultimate Job Interview Preparation Guide. Vitae ipsum dignissimos totam atque sit hic officiis. Blackstone Liquid Credit Strategies LLC (BX LCS), an affiliate of BAIA and an indirect whollyowned subsidiary of Blackstone Inc., serves as a SubAdviser. (1) Blackstone level ESG initiatives do not necessarily apply at the BAAM level. None of the indices presented are benchmarks or targets for the Fund. Can you give more about the details of what target you're at? Seiga Asset Management Limited, a SAF Manager, is a subadviser to the Fund. Mr. Jaffe received a BS in Finance from the University of Montana. Had basic phone screening call with a BS recruiter with standard questions about resume and gave additional information about the position. All investors are urged to carefully read the prospectus and the summary prospectus in its entirety before investing. Kept digging and asking more and more questions about what I did there. Do you think hedge fund will generate lower or higher returns in the future, and why do you think so? Some of the technicals were difficult, but the interviewers were very patient and mostly looked at your approach to the problem. Have obviously prepped and done my research but any further input would be much appreciated. 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. Standard deviation is calculated as the square root of variance. 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. 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. Leverage Risk use of leverage can produce volatility and may exaggerate changes in the net asset value of Fund shares and in the return on the portfolio, which may increase the risk that the Fund will lose more than it has invested. Describe Your Previous Experience? DESIM, a member of the D.E. All returns include dividend and capital gain distributions. 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. 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. Some of the technicals were difficult, but the interviewers were very patient and mostly looked at your approach to the problem. Blackstone and its affiliates have financial interests in asset managers. Contribute to the database and get 1 month free* Full online access! (1) BAIA is the Funds Investment Manager and manages a portion of the Funds assets directly. Riad Abrahams is a Senior Managing Director in BAAM, where he serves as Head of Strategy. I interviewed at The Blackstone Group in Jan 2011 Interview I had a great experience. 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. The Fund will not otherwise participate in any of the economic arrangements between the SAF Funds and any SAF Manager with which the Fund invests. Overall quick and moderate process. The process took 2 weeks. Was invited to come into the city to interview with the BAAM team. The indices may include holdings that are substantially different than investments held by BXMIX and do not reflect the strategy of the Fund. Any allocation by Blackstone to a subsidiary or other affiliates (such as BRESSA) 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. Glassdoor users rated their interview experience at The Blackstone Group as 47.1% positive with a difficulty rating score of 3.26 out of 5 (where 5 is the highest level of difficulty). 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. Do your homework ahead of time. 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. For a discussion of this and other conflicts, please see the Additional Disclosure section at the end of this document. - Met with a variety of people from across all levels. Large Purchase or Redemption Risk large redemption or purchase activity could have adverse effects on performance to the extent that the Fund incurs additional costs or is required to sell securities, invest cash, or hold a relatively large amount of cash at times when it would not otherwise do so. Would recommend tossing your hat in for the opportunity. Conflicts of Interest: Blackstone and the Sub-Advisers have conflicts of interest that could interfere with their management of the Fund. The Sub-Adviser is a relative value long/short credit manager focused on liquid emerging markets. Blackstone Real Estate Special Situations Advisors L.L.C. More specifically, Jensens Measure is used to calculate alpha. The strategy for the Fund seeks to generate alpha by taking advantage of mispricing across regional markets prone to dislocations. 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. MSCIWorld Index TR: Market capitalization weighted index designed to provide a broad measure of large and mid-cap equity performance across 23 developed markets countries. Can't go wrong with the opportunity. All Rights Reserved. Companies. (BRESSA), an affiliate of BAIA and an indirect wholly-owned subsidiary of Blackstone Inc., serves as a Sub-Advisor Sub-Adviser. Thoughts on ops role at PE firms like blackstone and kkr? In the case of equity indices, performance of the indices reflects the reinvestment of dividends. The research process includes analysis of core value drivers and the source of mispricing. He is primarily focused on multi-strategy, event, arbitrage and reinsurance strategies. On Fishbowl, you can share insights and advice anonymously with The Blackstone Group employees and get real answers from people on the inside. basic describe your background and why you should work here questions. Interview is a hassle, re explaining yourself several times. I didn't get the invite until around 7pm yesterday. The S&P is a float-weighted index, meaning company market capitalizations are adjusted by the number of shares available for public trading. The process took 4 months. First round of interviews are done over zoom. This employer has not claimed their Employer Profile and is missing out on connecting with our community. The strategy also employs DESIMs rigorous risk management process, which involves the application of a proprietary optimizer supplemented by a scenario-based framework focused on managing tail risk. 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. Have an interview at a shared service Blackstone Portco tomorrow. Current performance may be lower or higher than the performance data quoted. A detailed discussion of this and other Risks applicable to the Fund Group New... In Finance from the Sub-Adviser is engaged in energy trading across North America and European gas power! Risk with small reward across North America and European gas, power and liquids.... Managing Director in BAAM, where he serves as Head of strategy Interest that could interfere their. You are only given one attempt per question and are expected to record your.. The source of mispricing across regional markets prone to dislocations and advice anonymously with BAAM... 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