On Fishbowl, you can share insights and advice anonymously with The Blackstone Group employees and get real answers from people on the inside. I might be able to shed some color for REDS, NYC office. Index Comparisons: Indices are unmanaged and investors cannot invest in an index. Good people. Be the first to find this interview helpful. Following investment, Waterfall seeks to reduce market risks through conservative use of leverage and hedging strategies, and also seeks to reduce downside risk related to unanticipated credit events by proactively managing positions. 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. I went to a semi-target and didn't see anything ever posted. Most strategies arebased on fundamental analysiswith valuation work focusing ongoing concern and asset liquidation scenarios. Anonymous Interview Candidate in New York, NY, I applied online. 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. 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. Long Exposure: A long position occurs when an individual owns securities. 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. - Some interviews were with multiple people. Such investments presently include allocations to funds managed by third-party asset managers, opportunistic trades and hedging. 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 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. Why are you looking to make the move over to BAAM? Additionally, the case analyzes evolving business models and value propositions within the fund of hedge funds industry. Their experience and networks will help us make better. I interviewed at The Blackstone Group in Jan 2011 Interview I had a great experience. On Fishbowl, you can share insights and advice anonymously with The Blackstone Group employees and get real answers from people on the inside. Blackstone's fund-of-funds portfolio, BAAM. Have an interview at a shared service Blackstone Portco tomorrow. BX LCS invests primarily in below investment grade corporate credit. I honestly have no clue why they even gave me an interview, I just applied for the sake of it. On Fishbowl, you can share insights and advice anonymously with The Blackstone Group employees and get real answers from people on the inside. Conflicts of Interest: Blackstone and the Sub-Advisers have conflicts of interest that could interfere with their management of the Fund. Was invited to come into the city to interview with the BAAM team. Kept digging and asking more and more questions about what I did there. One of my best interview experiences. Interviews at The Blackstone Group Experience Positive 67% Negative 33% Getting an Interview Applied online 75% Campus Recruiting 25% Difficulty 3.0 Average Hard Average Easy Interviews for Top Jobs at The Blackstone Group Analyst (52) Summer Analyst (44) Software Engineer (21) Intern (20) See more interviews for top jobs Sed facere quia sed voluptas. Do you think hedge fund will generate lower or higher returns in the future, and why do you think so? Prepared by Blackstone Securities Partners L.P., a member of FINRA and an affiliate of Blackstone Alternative Investment Advisors LLC, the investment adviser of the Fund. Have either of you heard back? Capability to work 60 Hours as Intern? Companies. We do this by using extraordinary people and flexible capital to help companies solve problems. 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. The firm has a reputation for being innovative . 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. Otherwise, we will assume you're OK to continue. - People were nice and welcoming - Very technical towards end of process. Additionally, Sage Rock will hold associated SPAC securities post the closing of a SPAC deal. Net Exposure: This is the difference between long and short investment positions in relation to the net asset value. Would recommend tossing your hat in for the opportunity. Sed exercitationem laudantium possimus et aperiam. Kept digging and asking more and more questions about what I did there. superday is apparently this Friday. Comparisons to indices have limitations because indices have risk profiles, volatility, asset composition and other material characteristics that may differ from BXMIX. There were two 20 minute phone interviews. 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. I need to write another sentence to meet the word limit. I have two first round phone interviews with Blackstone this week (SA positions) and am hoping to get some insight. 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. The strategy seeks to generate alpha by taking advantage of mispricing in less efficient, and liquid sovereign bond markets. Waterfalls general investment strategy looks to develop proprietary trading ideas through quality information or negotiated transactions sourced from its extensive network of relationships and market analysis. 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. Blackstone Group Interviews Blackstone Group Interview Questions 171 total interview insight submissions Interview Experience (91%) 3.6 Very Negative Negative Neutral Positive Very Positive Interview Difficulty (99%) 3.3 Very Easy Easy Average Difficult Very Difficult % Interns - FT Offers (88%) 54% 0% 20% 40% 60% 80% 100% 10% 30% 50% 70% 90% WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file, Blackstone First Round Interview (BAAM and BREDS) - Advise, Large Multi-Family Offices vs. Large Long-Only Firms. One is for their Alternative Asset Management Group (BAAM - hedge fund solutions) and the other is for Real Estate Debt Strategies (BREDS). 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. This employer has not claimed their Employer Profile and is missing out on connecting with our community. 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. Then, I went to their office for a final round. All returns include dividend and capital gain distributions. 1. Anonymous Interview Candidate in New York, NY, I applied online. The platform will employ a thematic approach to capitalize on powerful secular growth trends globally. Tempora aut velit sed eum molestias repudiandae. Superday is good. I applied through college or university. The Blackstone Group interview details: 500 interview questions and 473 interview reviews posted anonymously by The Blackstone Group interview candidates. Understand BAAM is historically fund of funds. The strategy relies solely on quantitative analysis to build signals that aretranslated to financial instrument orders. Salary level, culture, etc. 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. What should I know /ask during the interview? Sign In. What should I know /ask during the interview? 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 Fund will not participate in any of the economic arrangements between the BSCA Funds and any Strategic Capital Manager with which the Fund invests. 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. BAIA, the Funds Investment Manager, allocates its assets among a variety of discretionary investment advisers (Sub-Advisers) with experience managing non-traditional or alternative investment strategies. Describe Your Previous Experience? 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. What should I know /ask during the interview? Prior to joining CAM Capital, Mr. Ben-Ur was a Partner and Co-Chief Investment Officer at Corbin Capital Partners, an independent alternative asset management firm thats specializes multi-strategy hedge fund and Contribute to the database and get 1 month free* Full online access! Mr. Jaffe received a BS in Finance from the University of Montana. There can be no assurance that the Fund will achieve its goals or avoid losses. Seiga identifies investment opportunities using specific stock picking criteria with a thematic overlay. Allocations of capital across these desks is based on VaR risk budget. Ipsa quo qui cumque officia eaque. 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. S&P 500 Index: Market-capitalization-weighted index of the 500 largest U.S. publicly traded companies. This material is not an offer to sell the Funds securities and is not soliciting an offer to buy the Funds securities. Know your essential finance vocabulary and concepts. What is the probability that one appears before the other? Laboriosam corrupti consequatur molestiae occaecati officia accusantium. Pre-recorded video interview that took 15-20 mins with a couple of questions. 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. The end-to-end process is entirely systematic and aims to capture perceived market inefficiencies. The trading strategy is expressed in a diversified portfolio across four relative value trading activities (relative value, high frequency, convexity and strategy). 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. Press question mark to learn the rest of the keyboard shortcuts. The S&P is a float-weighted index, meaning company market capitalizations are adjusted by the number of shares available for public trading. 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. 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. Supposed to receive the written offer tomorrow or Friday. He has previously worked at Goldman Sachs Asset Management and Fidelity Management & Research Company. The process took 1 day. 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. This multi-currency benchmark includes treasury, government-related, corporate and securitized fixed-rate bonds from both developed and emerging markets issuers. Overall quick and moderate process. 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. 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. Past events and trends do not imply, predict or guarantee, and are not necessarily indicative of, future events or results. Blackstone BAAM interview (Originally Posted: 09/27/2009). 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