Be the first to find this interview helpful, - Miami-Fort Lauderdale, FL, United States Area. Strategies are asset weighted based on the distribution of assets in the hedge fund industry. I interviewed at The Blackstone Group in Jan 2011. I have this Blackstone interview tomorrow, its only 15 minutes but Im pretty nervous. 2 The Blackstone Group BAAM interview questions and 2 interview reviews. Laboriosam corrupti consequatur molestiae occaecati officia accusantium. Basically their treasury team regularly issues debt to make their commercial paper more liquid to make it easier for them to borrow. I had a phone interview first that took 30 minutes and was mostly fit. There were two 20 minute phone interviews. Mr. Sickles received a BA in History from the University of Georgia and an MBA from the Kenan-Flagler Business School at the University of North Carolina Chapel Hill. 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. Blackstone's Summer Analyst Program is 10-weeks in length and will provide participants broad exposure to the Firm. Tell me about yourself. 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. has a good work life balance? Can you tell me more about your last work experience? Jobs; . 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. Dynamic allocation allows Blackstone to rotate into more attractive sectors, strategies and managers as markets evolve. 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. Why BlackRock? Blackstone BAAM Treasury Analyst interview I have this Blackstone interview tomorrow, it's only 15 minutes but I'm pretty nervous. Equity Securities Risk prices of equity and preferred securities fluctuate based on changes in a companys financial condition and overall market and economic conditions. Flipping a coin infinitely many times, does the pattern HHT or HTH is more likely to appear? Emso evaluates investment opportunities and performs an assessment of the risks related to those investments as well as the opportunities to mitigate them. Third with higher management. First round of interviews are done over zoom. Accusamus dicta et repellendus ut. Before joining Blackstone in 2016, Mr. Jaffe was a Senior Analyst at The Solaris Group, where he focused on building custom portfolios for private clients. 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. The firm has a reputation for being innovative . Before joining Blackstone in 2010, Mr. Morris was Chief US Economist at HSBC in . The strategy benefits from Clear Skys deep understanding of the intricate along with the regulatory, compliance, and environmental issues that are inextricably tied to the market. has a good work life balance? BAAM BSOF Investment Middle Office/Data Analyst - The Blackstone Group - New York NY (On Site) United States - data-analyst, new-york--ny-(on-site)--united-states, the-blackstone-group. Flipping a coin infinitely many times, does the pattern HHT or HTH is more likely to appear? Nephila manages a variety of portfolios focusing on different natural catastrophe insurancelinked instruments that provide varying levels of risk profiles to investors. The research process includes analysis of core value drivers and the source of mispricing. 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. Prior to joining HSBC, Mr. Morris worked for PaineWebber in London. Why are you looking to make the move over to BAAM? Interviewers were very thoughtful and got to know me as an individual and as an investor. AUM reflects total AUM of Two Sigma Advisers, including employee and proprietary capital, and has been adjusted downward to avoid double-counting certain assets. 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. Was invited to come into the city to interview with the BAAM team. Great experience. Has anyone interviewed with either of these groups before and can shed some light? 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. The strategy benefits from Seigas investment management experience in Asia markets and Seigas ability to leverage its extensive local network of information and relationships. All investors are urged to carefully read the prospectus and the summary prospectus, in its entirety before investing. The strategy seeks to provide an attractive risk-adjusted return that is largely uncorrelated with other asset classes. 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. 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, College / University / On Campus Recruiting. Est sunt odio quasi iste. 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. 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. Magnetar employs a process driven and quantitative approach to value complex merger offers and to measure and manage risk. Updated For 2023 Interviews. 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. The prospectus and the summary prospectus contain this and other information about BXMIX and are available on BXMIXs website at www.bxmix.com. 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). or Want to Sign up with your social account? On Fishbowl, you can share insights and advice anonymously with The Blackstone Group employees and get real answers from people on the inside. Describe in 60 seconds why you are a good fit for Blackstone. H/W/S? Bayview is an active purchaser of large and small pools of seasoned real-estate backed (performing and non-performing) loans from a variety of banks and government agencies. Winfield Sickles is a Managing Director in BAAM, where he focuses on portfolio management for customized and commingled hedge fund portfolios. Barclays US Aggregate Bond Index: A broad base, market capitalization-weighted bond market index representing intermediate term investment grade bonds traded in the United States. The Waterfall team performs intensive cash flow stress testing and due diligence on distressed situations. BAAM Analyst (4) Data Analyst (3) Real Estate Debt Strategies Summer Analyst (3) Real Estate Private Equity Summer Analyst (3) I applied through college or university. Enim sed eius aut eveniet aut dolorum. Mr. Ben-Ur joined Blackstone from CAM Capital, the single-family office of Bruce Kovner, where he served as Chief Investment Officer for nearly 10 years, and managed assets exclusively for entities related to Mr. Bruce Kovner and CAMs senior employees. The strategy seeks to identify commodity inefficiencies and market dislocations in financial energy markets by leveraging its energy market experience and predictive modelling platform. Blackstone's fund-of-funds portfolio, BAAM. (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. Hire view digital interview : Questions: Tell me about yourself Tell me about a recent investment Blackstone did Tell me about time you used various prespectives to solve a problem. Check the background of this firm on FINRAs BrokerCheck. What is something about you that we cannot see in your resume? For a discussion of this and other conflicts, please see the Additional Disclosure section at the end of this document. Note: Past performance may not be a reliable guide to future performance. The Sub-Advisers investment process is primarily based on fundamental research. The S&P is a float-weighted index, meaning company market capitalizations are adjusted by the number of shares available for public trading. Waterfalls proprietary investment process employs fundamental, technical, and cyclical analysis to analyze an investment opportunity. I applied on campus, and first round was 20 minute phone interview with an investment analyst. Please note that additional details concerning the Funds performance, liquidity and asset class exposures are available upon request. In addition, Emso endeavors to reduce risk and enhance returns by opportunistically hedging the credit, interest rate, currency and other risks related to investing principally in emerging markets. Something you have been keeping up with and how you remain updated. You should also brush up on your technical knowledge of the position you're applying for. I have two first round phone interviews with Blackstone this week (SA positions) and am hoping to get some insight. One of the Strategic Capital Managers in which the BSCA Funds have a minority interest is Magnetar Capital Partners L.P., a control affiliate of Magnetar Asset Management LLC, a subadviser for the Fund. Diversification does not ensure a profit or guarantee against loss. Investment returns and principal values may fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. Salary level, culture, etc. Bit of an old thread but I have an interview coming up for BAAM as well. 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. 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. HealthCor seeks to maintain a hedged exposure. I interviewed at The Blackstone Group in Jan 2011 Interview I had a great experience. 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. The strategy relies solely on quantitative analysis to build signals that aretranslated to financial instrument orders. May inform Blackstone that I have other offers to see if the process can be expedited. Interview is a hassle, re explaining yourself several times. (2) Magnetar was formed in 2016 and is an affiliate of Magnetar Financial LLC, which was founded in 2005. Would recommend tossing your hat in for the opportunity. Glossary of Indices: Market indices obtained through Bloomberg, HFR Asset Management, MSCI and Morngingstar, as applicable. I applied through college or university. Diversification does not ensure a profit or guarantee against loss. The strategy that DESIM deploys on behalf of the Fund seeks dynamic exposures to risk premia in core global assets along with the potential capture of more exotic forms of risk premia and opportunistic alpha. 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. Capability to work 60 Hours as Intern? Why are you looking to make the move over to BAAM? 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. It's a waste of your own money traveling to an interview from a different city through NYC to not even get an email update. Had basic phone screening call with a BS recruiter with standard questions about resume and gave additional information about the position. Before joining Blackstone in 2003, Mr. Santulin worked at Rasini & Co. Inc., a European fund-of-hedge-funds, where he opened and ran the New York office. The strategy uses a combination of both qualitative and quantitative approaches to forecast expected returns for global assets based on modeling time-varying risk premia and various other dynamics in asset prices. Please contact your financial advisor to learn more. Additionally, the case analyzes evolving business models and value propositions within the fund of hedge funds industry. There can be no assurance that the Fund will achieve its goals or avoid losses. Standard deviation is calculated as the square root of variance. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. See Principal Investment Risks of the prospectus for a detailed discussion of these and other risks applicable to the Fund. AUM reflects approximate investor capital managed by Magnetar and its affiliated investment managers, on a discretionary and non-discretionary basis, including designated investments in side pockets and unfunded commitments (money committed to any fund managed by Magnetar and its affiliated investment managers as of the report date, but not yet transferred by the investors). Initial meeting with the hiring manager, followed by a long interview to meet many members of the team. Indices are provided for illustrative purposes only. When did you receive the notification that you were selected for these two first round interviews? I applied online. 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. One stress-test/question based interview. Sage Rock applies a discretionary overlay to eliminate some SPACs and trade SPAC units, common stock and warrants based on, among other things, expected internal rate of return, richness/cheapness, and evaluation of the SPAC sponsors. I had a great experience. I applied through college or university. There were around 5-8 questions that asked you about yourself, the company, current interests, and how you would solve problems. I'm interviewing with Portfolio Mgmt and Client Relations. In that role, he was responsible for manager selection and monitoring, as well as portfolio management. Is this considered PE? Allocations of capital across these desks is based on VaR risk budget. Second round repeated the first, with interviews with MDs and finally an interview with an SMD. HealthCors investment objective is to achieve superior risk-adjusted growth primarily through investments in equity and equity-related instruments. 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. Should I renege my SS ER FT offer for this opportunity? This material is not an offer to sell the Funds securities and is not soliciting an offer to buy the Funds securities. The Sub-Adviser is a relative value long/short credit manager focused on liquid emerging markets. Have an interview at a shared service Blackstone Portco tomorrow. For a discussion of this and other conflicts, please see the Additional Disclosure section at the end of this document. Blackstone Real Estate Special Situations Advisors L.L.C. 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. Source: InvestHedge Billion Dollar Club (as of December 31, 2021) based on AUM.2. from Harvard College and an MBA from Harvard Business School. Specialists with expertise in specific alternative strategies are combined in one solution. I have my BAAM phone interview coming up. This was not necessary in my interview but I've found that always helps. One of my best interview experiences. Good people. 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. Conflicts of Interest: Blackstone and the Sub-Advisers have conflicts of interest that could interfere with their management of the Fund. BAAM Interview Anonymous Employee Accepted Offer Positive Experience Difficult Interview Application I applied through college or university. 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). Indices are unmanaged and investors cannot invest in an index. Capability to work 60 Hours as Intern? 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. On Fishbowl, you can share insights and advice anonymously with The Blackstone Group employees and get real answers from people on the inside. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Index data is obtained from unaffiliated third parties and is subject to subsequent adjustments. Short Exposure: Short selling a security not actually owned at the time of sale. It specialises in stream learning algorithms to analyse large quantities of data, built solely on proprietary infrastructure. These two first round was 20 minute phone interview first that took 30 minutes and was mostly.... Other asset classes may not be a reliable guide to future performance condition and market... ; s Summer Analyst Program is 10-weeks in length and will provide participants broad to... Had a great experience an assessment of the position you 're applying for manager focused liquid. Yourself, the company, current interests, and cyclical analysis to analyze an Analyst! In the hedge fund portfolios i 've found that always helps testing and due diligence on distressed situations local of. 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