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. We do this by using extraordinary people and flexible capital to help companies solve problems. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Seiga identifies investment opportunities using specific stock picking criteria with a thematic overlay. Tired of getting emails on Fridays that ruin my weekend. Jasper employs a quantitative investment process centered around the creation of alpha factors. The Waterfall team performs intensive cash flow stress testing and due diligence on distressed situations. 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. The price information contained herein is estimated and unaudited and subject to change. Describe Your Previous Experience? AUM as of December 31, 2022. Other risks include, but are not limited to: allocation risk, conflicts of interest risk, market risk and selection risk, derivatives risk, debt securities risk, equity securities risk, mortgage and asset-backed securities risk, multi-manager risk large purchase or redemption risk. The process took 1 day. Allocations may change at any time without notice. Supposed to receive the written offer tomorrow or Friday. Does Blackstone provide WLB for working mom? Asked in depth questions on the resume. Mr. Sullens received both a BA in Economics and an MS in Industrial Engineering from Stanford University. I interviewed at The Blackstone Group (New York, NY) in Sep 2018. Through a sourcing process designed to identify companies believed to be at or nearing an inflection point, followed by due diligence conducted against four criteria, the investment team strives to construct a portfolio of their best ideas. Strategies are asset weighted based on the distribution of assets in the hedge fund industry. The end-to-end process is entirely systematic and aims to capture perceived market inefficiencies. Has anyone interviewed with either of these groups before and can shed some light? You should also brush up on your technical knowledge of the position you're applying for. What should I know /ask during the interview? The strategy benefits from the portfolio managers trading acumen, active risk management techniques and the combined experience of the Sub-Advisers dedicated investment team. Magnetar manages a portion of the Funds assets using a risk arbitrage strategy. (2) BAIAs estimated AUM is as of 03/31/2022. Would recommend tossing your hat in for the opportunity. I applied online. Describe Your Previous Experience? both in person and virtual. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. from Harvard College and an MBA from Harvard Business School. Diversification does not ensure a profit or guarantee against loss. Blackstone Liquid Credit Strategies LLC (BX LCS), an affiliate of BAIA and an indirect whollyowned subsidiary of Blackstone Inc., serves as a SubAdviser. 2005-2023 Wall Street Oasis. 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. Most strategies arebased on fundamental analysiswith valuation work focusing ongoing concern and asset liquidation scenarios. I'm kind of stressing a bit just due to time constraints. Great experience. The revenue generated for BSAA related to the Funds investment with a SAF Manager is rebated to the Fund. Vitae ipsum dignissimos totam atque sit hic officiis. 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. Anonymous Interview Candidate in New York, NY, I applied online. Thanks! BRESSA benefits from the expertise, proprietary insight and deep relationships of the Blackstone real estate teams. Glossary of Indices: Market indices obtained through Bloomberg, HFR Asset Management, MSCI and Morngingstar, as applicable. Riad Abrahams is a Senior Managing Director in BAAM, where he serves as Head of Strategy. Performance data quoted represents past performance and is no guarantee of future results. Quidem sint vitae asperiores error ut exercitationem. Endeavour is an equity market neutral manager that invests across the financial services sector, with a style that combines bottom-up fundamental research with perspective on the macroeconomic, regulatory, and financial conditions that impact the industry. Comparisons to indices have limitations because indices have risk profiles, volatility, asset composition and other material characteristics that may differ from BXMIX. Before joining Blackstone in 2010, Mr. Morris was Chief US Economist at HSBC in New York for ten years, managing the firms North American macroeconomic research team and providing advice and forecasts on macro trends and risks to clients, including financial institutions, non-financial corporations, central banks and sovereign wealth funds. HFRX Global Hedge Fund Index: Designed to be representative of the overall composition of the hedge fund universe. Before joining Blackstone in 2001, Mr. Sullens served as a Director with Citi Alternative Investment Strategies, Citigroups hedge fund investment center. This employer has not claimed their Employer Profile and is missing out on connecting with our community. He also served as Chief Investment Officer of the Kovner Foundation. Leveraging an investable universe that includes over 2,000 small cap companies traded in the US, the strategy focuses primarily within the Consumer Discretionary, Information Technology, Healthcare, Industrials and Materials sectors. 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. Winfield Sickles is a Managing Director in BAAM, where he focuses on portfolio management for customized and commingled hedge fund portfolios. The data presented above is based on information obtained or derived from the Sub-Adviser. 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. Such investments presently include allocations to structured notes providing exposure to commodity and equity capital markets strategies managed by third-party investment managers, opportunistic trades and hedging. NEW YORK, May 4, 2021 - Blackstone (NYSE:BX) today announced that Paget MacColl has joined the firm as Global Head of Blackstone Alternative Asset Management's (BAAM) Institutional Client Solutions. Thoughts on ops role at PE firms like blackstone and kkr? Allocations may change at any time without notice. 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. 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. The Funds investments involve significant 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. Blackstone's Summer Analyst Program is 10-weeks in length and will provide participants broad exposure to the Firm. See you on the other side! 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. what are the interviews like for Blackstone Alternative Asset Management? This material is not an offer to sell the Funds securities and is not soliciting an offer to buy the Funds securities. Seeks to mitigate volatility through exposure to diversifying assets. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. When did you receive the notification that you were selected for these two first round interviews? I interviewed at The Blackstone Group (New York, NY). Salary level, culture, etc. The Program offers Summer Analyst's various technical training and professional development opportunities, the ability to network with professionals across all business units, and a robust mentorship experience to allow the . 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). The Sub-Adviser is engaged in energy trading across North America and European gas, power and liquids markets. I had a phone interview first that took 30 minutes and was mostly fit. Salary level, culture, etc. Nihil assumenda suscipit enim fuga. Something you have been keeping up with and how you remain updated. One stress-test/question based interview. Jasper is an institutionally focused quantitative investment manager that aims to take advantage of the idiosyncrasies of the Chinese A-share market regulatory environment and investor participant behavior. Superday is good. Pre-recorded video interview that took 15-20 mins with a couple of questions. Two Sigma Advisers is a process-driven, systematic investment manager primarily focused on liquid markets. 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. Jobs; . Mr. Jaffe received a BS in Finance from the University of Montana. (1) Blackstone and its affiliates have financial interests in asset managers. I then had one more slightly longer phone interview, followed by a final interview in New York. Diversification does not ensure a profit or guarantee against loss. BAIA manages a portion of the Funds assets directly. BX LCS leverages the scale of BXCs platform, breadth and experience of its investment team and BXCs information advantage as the largest CLO manager. Salary level, culture, etc. Derivatives can be subject to counterparty credit risk and may entail investment exposure greater than their notional amount. 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. Shaw group, was formed in 2005. I interned at a BB IBD last summer and this definitely seems interesting to me. We do this by using extraordinary people and flexible capital to help . There can be no assurances that any of the trends described herein will continue or will not reverse. Note: Past performance may not be a reliable guide to future performance. I have two first round phone interviews with Blackstone this week (SA positions) and am hoping to get some insight. First round of interviews are done over zoom. Does Blackstone provide WLB for working mom? 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. Thoughts on ops role at PE firms like blackstone and kkr? Diversification does not ensure a profit or guarantee against loss. One is for their Alternative Asset Management Group (BAAM - hedge fund solutions) and the other is for Real Estate Debt Strategies (BREDS). 150+ Past Interview Questions & Model Answers. Have an interview at a shared service Blackstone Portco tomorrow. Blackstone Strategic Alliance Advisors L.L.C. 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. Seiga performs fundamental bottom-up research focusing on market inefficiencies and idiosyncratic ideas. 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. Is this considered PE? BAAM Interview Anonymous Employee Accepted Offer Positive Experience Difficult Interview Application I applied through college or university. Had basic phone screening call with a BS recruiter with standard questions about resume and gave additional information about the position. Interviewers were very thoughtful and got to know me as an individual and as an investor. Accusamus dicta et repellendus ut. Blackstone Real Estate Special Situations Advisors L.L.C. The process took 4 months. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. BAIA manages a portion of the Funds assets directly. This employer has not claimed their Employer Profile and is missing out on connecting with our community. Asset Management, Hedge Funds, Investment Banking, Private Equity. Interview is a hassle, re explaining yourself several times. 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? Clear Skys coverage universe includes sectors that are interrelated fundamentally and synergistic from a research and information perspective. 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. And logo are registered trademarks of Glassdoor, Inc. `` Glassdoor '' and logo are registered trademarks of,... Managing Director in BAAM, where he focuses on portfolio Management for customized and commingled fund... Chief investment Officer of the position you 're applying for last Summer and this definitely seems interesting to.. On Fridays that ruin my weekend quoted represents Past performance may not be a reliable guide future! As Chief investment Officer of the Funds assets directly joining Blackstone in 2001, mr. Sullens both! On fundamental analysiswith valuation work focusing ongoing concern and asset liquidation scenarios by using extraordinary people and flexible capital help! 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