(1) While the Firms management business started in 2000, its current management company, Emso Asset Management Limited, was formed in 2003. The strategy benefits from Seigas investment management experience in Asia markets and Seigas ability to leverage its extensive local network of information and relationships. The end-to-end process is entirely systematic and aims to capture perceived market inefficiencies. The Sub-Adviser is engaged in energy trading across North America and European gas, power and liquids markets. Blackstone Real Estate Special Situations Advisors L.L.C. This process consists of single factor research and analysis, factor integration, portfolio construction, and algorithmic execution. or Want to Sign up with your social account? Diversification is critical in investing and helps reduce risk in a portfolio. 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. Sage Rocks sub-strategy seeks to capture the embedded value of Special Purpose Acquisition Companies (SPAC) units (comprised of common stock, warrants and rights) (the SPACs Sub-Strategy). Legal structuring? 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. Diversification does not ensure a profit or guarantee against loss. 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. The entire process took about max 15 minutes. Is this idea stupid / large risk with small reward? The prospectus and summary prospectus contain this and other information about the Fund. More specifically, Jensens Measure is used to calculate alpha. (1) AUM as of 03/31/2022. BAAM Interview Anonymous Employee Accepted Offer Positive Experience Difficult Interview Application I applied through college or university. both in person and virtual. Endeavour evaluates investment opportunities with a stock specific lens, understanding how industry trends, economic data, and competitive dynamics impact company fundamentals to inform idea generation, analysis, and risk management. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. Types of questions? Long Exposure: A long position occurs when an individual owns securities. HealthCors investment objective is to achieve superior risk-adjusted growth primarily through investments in equity and equity-related instruments. Please note that additional details concerning the Funds performance, liquidity and asset class exposures are available upon request. The Sub-Adviser is a relative value long/short credit manager focused on liquid emerging markets. All Rights Reserved. How can you deal with working in very stressful situations, tell me about your knowledge in alternative investments. 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. Be the first to find this interview helpful, - Miami-Fort Lauderdale, FL, United States Area. Two fit interviews. 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. One of my best interview experiences. One is for their Alternative Asset Management Group (BAAM - hedge fund solutions) and the other is for Real Estate Debt Strategies (BREDS). Clear Skys strategy for the Fund is focused exclusively on generating absolute returns through investments in California Carbon Allowances (CCAs) and/or CCA futures. from Harvard College and an MBA from Harvard Business School. Est sunt odio quasi iste. You were only allowed to record your answer once and there were a total of two questions. Plan your career in the wide world of finance. Quidem sint vitae asperiores error ut exercitationem. (2) BAIAs estimated AUM is as of 03/31/2022. Would recommend tossing your hat in for the opportunity. Asset Management, Hedge Funds, Investment Banking, Private Equity. Contribute to the database and get 1 month free* Full online access! The process took 4 months. Blackstone's fund-of-funds portfolio, BAAM. This website uses cookies, including third-party cookies, in order to obtain information about your visit to the website and make this website better. The platform will employ a thematic approach to capitalize on powerful secular growth trends globally. BX LCSs investment strategy for the Fund is focused primarily on investments in below-investment grade corporate credit. Do you think hedge fund will generate lower or higher returns in the future, and why do you think so? Additionally, Sage Rock will hold associated SPAC securities post the closing of a SPAC deal. Asked in depth questions on the resume. 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. Does anyone know if compliance at Blackstone etc. superday is apparently this Friday. Know your essential finance vocabulary and concepts. Everything on there should have a story behind it. 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. Anonymous Interview Candidate in New York, NY, I applied online. The price information contained herein is estimated and unaudited and subject to change. 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 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. 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. basic describe your background and why you should work here questions. Overall quick and moderate process. No Assurance of Investment Return. - People were nice and welcoming - Very technical towards end of process. Please contact your BAAM representative for further information. Mr. Sullens received both a BA in Economics and an MS in Industrial Engineering from Stanford University. Press question mark to learn the rest of the keyboard shortcuts. - Some interviews were with multiple people. He has earned the right to use the Chartered Financial Analyst designation. Describe in 60 seconds why you are a good fit for Blackstone. Caspian is a credit manager that focuses on capital structure arbitrage strategies and stressed/distressed investing. Thoughts on ops role at PE firms like blackstone and kkr? Why are you looking to make the move over to BAAM? Please describe the interview / hiring process. Jobs; . I then had one more slightly longer phone interview, followed by a final interview in New York. I have two first round phone interviews with Blackstone this week (SA positions) and am hoping to get some insight. Before joining Blackstone, Mr. Sickles was a Managing Director at Deutsche Bank, where he specialized in macro / cross-asset institutional sales and was a member of the global Hedge Fund Management (HFM) team. I didn't get the invite until around 7pm yesterday. I interviewed at The Blackstone Group. 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. Thanks! 2 The Blackstone Group BAAM interview questions and 2 interview reviews. I applied on campus, and first round was 20 minute phone interview with an investment analyst. Do you think hedge fund will generate lower or higher returns in the future, and why do you think so? Initial meeting with the hiring manager, followed by a long interview to meet many members of the team. Prior to that, Mr. Jaffe was an Associate at Ziff Brothers Investments, a multi-asset family office, where he worked in the risk and performance analytics group. has a good work life balance? 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. Thoughts on ops role at PE firms like blackstone and kkr? (3) Representing active underlying managers as of 6/30/2021. 5 The Blackstone Group BAAM Analyst interview questions and 5 interview reviews. The revenue generated for BSAA related to the Funds investment with a SAF Manager is rebated to the Fund. Diversification does not ensure a profit or guarantee against loss. 1. What is the probability that one appears before the other? Two Sigma Advisers seeks to achieve a 360 degree view of the relevant drivers of asset prices and believes its systematic approach combines, and improves upon, traditional quantitative and discretionary methods. I have my BAAM phone interview coming up. Please contact your financial advisor to learn more. Second round repeated the first, with interviews with MDs and finally an interview with an SMD. Bayforest is a multi-asset quantitative research firm thatcombines real-time statistical inference analytics with deep market expertise. BAIA allocations are subject to change and BAIAs fees on directly managed assets are not reduced by a payment to a subadviser. Thoughts on ops role at PE firms like blackstone and kkr? Can you tell me more about your last work experience? Second interview you meet the managers in person. See you on the other side! Describe Your Previous Experience? Basically their treasury team regularly issues debt to make their commercial paper more liquid to make it easier for them to borrow. Blackstone BAAM Investment Final Round (Originally Posted: 01/31/2015). BRESSA, a wholly-owned subsidiary of The Blackstone Group L.P. and an affiliate of BAIA, is an investment adviser within the Blackstone Real Estate Debt Strategies group (BREDS). 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 process took 1 day. 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. (1) Please refer to the Funds Prospectus for a full list of Sub-Advisers. I felt like everyone was very open, energetic, and had only good things to say about working there. Can't go wrong with the opportunity. (BRESSA), an affiliate of BAIA and an indirect wholly-owned subsidiary of Blackstone Inc., serves as a Sub-Advisor Sub-Adviser. Clear Skys coverage universe includes sectors that are interrelated fundamentally and synergistic from a research and information perspective. Had basic phone screening call with a BS recruiter with standard questions about resume and gave additional information about the position. He also served as Chief Investment Officer of the Kovner Foundation. Caspiancreates comprehensive models to evaluateimportant fundamental characteristics such as assetquality, market share,industry value chain dynamics,free cash flow, liquidity, capital structure and/orpossiblenear-term catalysts. The strategy seeks to generate alpha by taking advantage of mispricing in less efficient, and liquid sovereign bond markets. Quantitative Strategist (Vice President). pass you through 4+ interviews before you get an offer. For a discussion of this and other conflicts, please see the Additional Disclosure section at the end of this document. Laboriosam corrupti consequatur molestiae occaecati officia accusantium. Is this considered PE? (Commercial paper, repos, short term fixed income). I applied online. What should I know /ask during the interview? The strategy seeks to identify commodity inefficiencies and market dislocations in financial energy markets by leveraging its energy market experience and predictive modelling platform. WSO depends on everyone being able to pitch in when they know something. BAAM Analyst (4) Data Analyst (3) Real Estate Debt Strategies Summer Analyst (3) Real Estate Private Equity Summer Analyst (3) Good group. Blackstone is the world's largest alternative asset manager. He sits on the Investment Committee for Cranbrook Schools. Conflicts of Interest: Blackstone and the Sub-Advisers have conflicts of interest that could interfere with their management of the Fund. Mr. Abrahams has a B.A. I interviewed at The Blackstone Group (New York, NY). On Fishbowl, you can share insights and advice anonymously with The Blackstone Group employees and get real answers from people on the inside. Supposed to receive the written offer tomorrow or Friday. Length? There can be no assurances that any of the trends described herein will continue or will not reverse. Was invited to come into the city to interview with the BAAM team. The emphasis is on securities that are undervalued either due to insufficient research coverage of the obligor or due to the complexity of their structure. Know your resume inside and out, otherwise you will get stumped. I applied through college or university. The Funds multi-manager structure provides built-in diversification for investors who seek to avoid single manager risk. Sage Rock is an event driven manager with a focus on special situations investing. 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. 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. Blackstone BAAM interview (Originally Posted: 09/27/2009). Mr. Ben-Ur received an MPP in International Trade and Finance from the John F. Kennedy School of Government at Harvard University and BA from Tufts University, where he graduated magna cum laude. The parent company of a SubAdviser owns a controlling, majority interest in Arcesium and Blackstone Alternative Asset Management L.P. owns a noncontrolling, minority interest in Arcesium. The more spread apart the data, the higher the deviation. 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. 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. It is also an active seller of mortgage loans, including seasoned, performing assets to regional and community banks that find it advantageous to purchase performing assets in their footprints to supplement their loan originations. I interviewed at The Blackstone Group in Jan 2011 Interview I had a great experience. There can be no assurance that the Fund will achieve its goals or avoid losses. 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. - Miami-Fort Lauderdale, FL, United States Area. Joe Dowling, Blackstone Global Co-Head and Chief Investment Officer of BAAM, said: " Blackstone is the leader in the hedge fund allocation space. 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. 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. Check the background of this firm on FINRAs BrokerCheck. 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. Second round repeated the first, with interviews with MDs and finally an interview with an SMD. Do your homework ahead of time. Does Blackstone provide WLB for working mom? Stephen W. Sullens is a Senior Managing Director of The Blackstone Group and Head of Portfolio Management for the Hedge Fund Solutions Group. 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. Waterfall is a specialist credit manager focused on high-yield asset-backed securities, real estate and consumer debt investments. Describe Your Previous Experience? Opinions and Trends. Some of the technicals were difficult, but the interviewers were very patient and mostly looked at your approach to the problem. I applied through college or university. The resulting portfolio is bucketed into five categories: credit, nominal rates, equities, inflation, and opportunistic. 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. 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 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. The virtual cover letter process was smooth and the directions were clear. 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). Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Bit of an old thread but I have an interview coming up for BAAM as well. 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