Proprietary market intelligence gleaned from its commodity trading business coupled with fundamental supply and demand research unearths these potential relative value and directional mispricing opportunities. Salary level, culture, etc. The process took 1 day. Index Comparisons: Indices are unmanaged and investors cannot invest in an index. David Ben-Ur is a Senior Managing Director of Blackstone and Chief Investment Officer of BAAMs Principal Solutions(BPS) and Individual Investor Solutions(IIS) businesses. Prior to Deutsche Bank, Mr. Sickles held similar macro advisory roles for J.P. Morgan and Goldman Sachs in London, Hong Kong, and New York, and served as a Portfolio Manager for Tiger Management LLC. Inactive sub-advisers are not currently managing any Fund assets. Omnis et sequi consequatur. HealthCor seeks to maintain a hedged exposure. Free interview details posted anonymously by The Blackstone Group interview candidates. What is a blackstone endeavor/initiative that you find interesting? Thoughts on ops role at PE firms like blackstone and kkr? 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. He also served as Chief Investment Officer of the Kovner Foundation. Supposed to receive the written offer tomorrow or Friday. Jobs; . 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. Previously, Mr. Sullens served as Manager of Alternative Investments for The Walt Disney Company, where he directed the companys alternative investment program, including investments in private equity, real estate, venture capital and hedge funds. The following is a summary description of certain additional principal risks of investing in the Fund: Allocation Risk Blackstones judgment about the attractiveness, value or market trends affecting a particular asset class, investment style, sub-adviser or security may be incorrect and this may have a negative impact upon performance. 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. Interviews at The Blackstone Group Experience Positive 100% Getting an Interview Campus Recruiting 100% Difficulty 3.0 Average Hard Average Easy Interviews for Top Jobs at The Blackstone Group Analyst (53) Summer Analyst (45) Software Engineer (21) Intern (21) See more interviews for top jobs 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. What should I know /ask during the interview? What should I know /ask during the interview? The more spread apart the data, the higher the deviation. 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 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. In the case of equity indices, performance of the indices reflects the reinvestment of dividends. The indices do not reflect the deduction of fees or expenses. (1) Sub-Adviser is not currently managing any Fund assets. Ah, what makes you think that's the case? Diversification is critical in investing and helps reduce risk in a portfolio. 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. 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. The Waterfall team performs intensive cash flow stress testing and due diligence on distressed situations. I interviewed at The Blackstone Group (New York, NY) in Jan 2015. Does Blackstone provide WLB for working mom? Know your resume inside and out, otherwise you will get stumped. He is responsible for directing the manager research team in hedge fund manager selection and monitoring. Second interview you meet the managers in person. 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. This multi-currency benchmark includes treasury, government-related, corporate and securitized fixed-rate bonds from both developed and emerging markets issuers. BAAM invests in alternative investment strategies for leading institutional investors and sophisticated individuals, seeking attractive risk-adjusted returns to meet our clients' investment goals. 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. Thanks! Investment returns and principal values may fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Blackstone Group Group/Division/Type: City: New York, United States Interviewed: March 2011 Overall experience Positive Difficulty Difficult General Interview Information Outcome No Offer Interview Source College / University / On Campus Recruiting Length of Process Less than 1 month Interview Details What did the interview consist of? The strategy involves investing in equity securities of companies that are the targets of merger transactions in an effort to capture the difference in the value of the target company and its price in the marketplace. Additionally, the case analyzes evolving business models and value propositions within the fund of hedge funds industry. Investment returns and principal values may fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Clear Skys strategy for the Fund is focused exclusively on generating absolute returns through investments in California Carbon Allowances (CCAs) and/or CCA futures. 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 platform is easy to use and you can record more than once. 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. - Lots of interview rounds. 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. 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. All investors are urged to carefully read the prospectus and the summary prospectus, in its entirety before investing. Everything on there should have a story behind it. Nephila has the ability to identify both long and short opportunities (writing and buying reinsurance) to create a balanced portfolio with an attractive risk/reward profile across geographies. Great experience. Specialists with expertise in specific alternative strategies are combined in one solution. Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3), The Ultimate Job Interview Preparation Guide. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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. Tired of getting emails on Fridays that ruin my weekend. 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. All Rights Reserved. Does anyone know if compliance at Blackstone etc. For a discussion of this and other conflicts, please see the Important Risks section at the end of this page. The strategy for the Fund seeks to generate alpha by identifying mis-pricingsthat arise from the markets high level of retail investor participation (behavioral biases) and arbitrage opportunities created by regulatory frictions. 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. 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 investments. I have one coming up as well. This employer has not claimed their Employer Profile and is missing out on connecting with our community. This employer has not claimed their Employer Profile and is missing out on connecting with our community. There can be no assurance that the Fund will achieve its goals or avoid losses. 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. Invests in a variety of alternative strategies in an effort to provide diversified exposures that are less dependent on market movements. BX LCS leverages the scale of BXCs platform, breadth and experience of its investment team and BXCs information advantage as the largest CLO manager. Why BlackRock? DESIM, a member of the D.E. The price information contained herein is estimated and unaudited and subject to change. Check the background of this firm on FINRAs BrokerCheck. 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. Interview Questions Blackstone Strategic Capital Advisors L.L.C. What is the probability that one appears before the other? 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. (1) Blackstone and its affiliates have financial interests in asset managers. Blackstone BAAM interview (Originally Posted: 09/27/2009). At Maverick, Mr. Abrahams also sat on the Portfolio Management Committee and Stock Committee, and he was a prior Co-Head of the Consumer Sector. (BSAA), an affiliate of BAIA, manages the Strategic Alliance Funds (the SAF Funds) that provide seed capital to emerging alternative asset managers (the SAF Managers) in exchange for a revenue share arrangement. 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. (1) BAIA is the Funds Investment Manager and manages a portion of the Funds assets directly. The strategy for the Fund seeks to generate alpha by taking advantage of mispricing across regional markets prone to dislocations. Mortgage- and Asset-Backed Securities Risk involves credit, interest rate, prepayment and extension risk, as well as the risk of default of the underlying mortgage or asset, particularly during times of economic downturn. These funds allocate capital (at least 30% combined) to a mix of alternative strategies that aim to minimize exposure to traditional market risks. Press question mark to learn the rest of the keyboard shortcuts. Sage Rock is an event driven manager with a focus on special situations investing. Have obviously prepped and done my research but any further input would be much appreciated. I interviewed at The Blackstone Group in Jan 2011. 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. 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. There were two 20 minute phone interviews. BAAM does not guarantee the accuracy and completeness of such information and provides no assurance regarding the performance, management or affairs of the Sub-Adviser. Commodi voluptate perspiciatis omnis eligendi sit. Was told and convinced I was qualified for the position several times, human resources had never even contacted me to give me the outcome of the interview and tell me I hadn't been chosen. 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. 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