The entire process took about max 15 minutes. Long Exposure: A long position occurs when an individual owns securities. Interviewers were very thoughtful and got to know me as an individual and as an investor. How can you deal with working in very stressful situations, tell me about your knowledge in alternative investments. Indices are provided for illustrative purposes only. You should also brush up on your technical knowledge of the position you're applying for. Strategies are asset weighted based on the distribution of assets in the hedge fund industry. Can't go wrong with the opportunity. We harness the power of BAAMs scale, managerrelationships and investment expertise to democratize access to differentiated exposures. Superday is good. In addition, BAIA monitors the overall risk levels and investment concentrations of the Fund that are produced by the various sleeves managed by the Sub-Advisers. Barclays Global Aggregate Bond Index TR: Flagship measure of global investment grade debt from twenty-four local currency markets. These funds allocate capital (at least 30% combined) to a mix of alternative strategies that aim to minimize exposure to traditional market risks. Describe Your Previous Experience? Allocations of capital across these desks is based on VaR risk budget. Have an interview at a shared service Blackstone Portco tomorrow. He started his professional career at Blackstone in 1999 as a member of the Private Equity group. Diversification does not ensure a profit or guarantee against loss. Legal structuring? I have two first round phone interviews with Blackstone this week (SA positions) and am hoping to get some insight. (1) Blackstone and its affiliates have financial interests in asset managers. For a discussion of this and other conflicts, please see the Additional Disclosure section at the end of this document. Capability to work 60 Hours as Intern? One is for their Alternative Asset Management Group (BAAM - hedge fund solutions) and the other is for Real Estate Debt Strategies (BREDS). 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. The Funds multi-manager structure provides built-in diversification for investors who seek to avoid single manager risk. Apertures investment strategy aims to identify and invest in enablers, beneficiaries, and targets of transformation. Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3), The Ultimate Job Interview Preparation Guide. opportunistic credit investing, for nearly 8 years. I applied on campus, and first round was 20 minute phone interview with an investment analyst. Want Access to these Blackstone Group Interview Insights? 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. Aut nihil sit voluptas error dolor ut. Diversification does not ensure a profit or guarantee against loss. There can be no assurances that any of the trends described herein will continue or will not reverse. 150+ Past Interview Questions & Model Answers. 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. Thoughts on ops role at PE firms like blackstone and kkr? (1) Blackstone and its affiliates have financial interests in asset managers. I need to write another sentence to meet the word limit. Standard Deviation:A measure of the dispersion of a set of data from its mean. Do you think hedge fund will generate lower or higher returns in the future, and why do you think so? Know your essential finance vocabulary and concepts. I interviewed at The Blackstone Group. Thanks! BRESSAs investment strategy for the Fund primarily focuses on credit-oriented, liquid high-yield real estate investments including CMBS, RMBS, corporate debt, CDOs, CLOs, CMBX and REITs and seeks to identify relative value opportunities between asset classes. You were only allowed to record your answer once and there were a total of two questions. We do this by using extraordinary people and flexible capital to help companies solve problems. Why are you looking to make the move over to BAAM? (2) Across all new investments where Blackstone has control over energy use. Performance data quoted represents past performance and is no guarantee of future results. Ah, what makes you think that's the case? The Waterfall team performs intensive cash flow stress testing and due diligence on distressed situations. 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. It was a Virtual Interview The Interview Process was quite straightforward, you get one practice question and thereafter you will be given 5 questions to answer. BRESSA invests primarily in liquid, commercial and residential real estate-related debt instruments. Prior to joining Blackstone in 2022, Mr. Abrahams served as Chief Strategist and Head of Quantitative Investing at Maverick Capital, a global long/short equity fund. Interview is a hassle, re explaining yourself several times. Additionally, the case analyzes evolving business models and value propositions within the fund of hedge funds industry. (1) Please refer to the Funds Prospectus for a full list of Sub-Advisers. Tired of getting emails on Fridays that ruin my weekend. 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. Seiga employs a disciplined and balanced approach to portfolio construction in order to make it possible to run a concentrated portfolio with full expression of fundamental stock picks. 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 strategy relies solely on quantitative analysis to build signals that aretranslated to financial instrument orders. What should I know /ask during the interview? Candidates applying for BAAM had the quickest hiring process (on average 5 days), whereas Real Estate Private Equity SummerLondon roles had the slowest hiring process (on average 150 days). This website uses cookies, including third-party cookies, in order to obtain information about your visit to the website and make this website better. Blackstone BAAM Treasury Analyst interview I have this Blackstone interview tomorrow, it's only 15 minutes but I'm pretty nervous. 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 Blackstone Group interview details: 500 interview questions and 473 interview reviews posted anonymously by The Blackstone Group interview candidates. 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. I'm interviewing with Portfolio Mgmt and Client Relations. 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. I interviewed at The Blackstone Group (New York, NY) in Jun 2014. Does anyone know if compliance at Blackstone etc. Subject to Blackstones information walls and confidentiality and fiduciary obligations. 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. 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. 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. Tired of getting emails on Fridays that ruin my weekend. Will follow up after to share my experience. The gross exposure is one indication of the level of leverage in a portfolio. Tired of getting emails on Fridays that ruin my weekend. I dont have any real finance experience and cant talk the talk. Anyone had this interview who could give me some advice? DESIM, a member of the D.E. 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. Any advice in terms of preparation or types of questions to expect? Does Blackstone provide WLB for working mom? BRESSA benefits from the expertise, proprietary insight and deep relationships of the Blackstone real estate teams. The more spread apart the data, the higher the deviation. 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. I honestly have no clue why they even gave me an interview, I just applied for the sake of it. In sourcing ideas for the strategy, the manager leverages the experience, deep team and infrastructure of the broader Bayview firm in sourcing, purchasing, special servicing and divesting whole loans. Superday is good. BAIA manages a portion of the Funds assets directly. Endeavour primarily invests in securities within the banking, insurance, mortgage, specialty finance, and brokerage/asset management sectors. If BAIA identifies that the risks and/or concentrations, when aggregated at the Fund level, are undesirable, BAIA may enter into portfolio overlay hedging that seeks to mitigate those risks or concentrations. (1) BAIA is the Funds Investment Manager and manages a portion of the Funds assets directly. All investors should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. BAIA allocations are subject to change and BAIAs fees on directly managed assets are not reduced by a payment to a subadviser. The data presented above is based on information obtained or derived from the Sub-Adviser. WSO depends on everyone being able to pitch in when they know something. 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. 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. Diversification does not ensure a profit or guarantee against loss. The platform will employ a thematic approach to capitalize on powerful secular growth trends globally. I interviewed at The Blackstone Group in Jan 2011. There were two 20 minute phone interviews. 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. Had my first round for BAAM this morning. Exclusive Insight From 11+ Interviewers. The Sub-Adviser is a relative value long/short credit manager focused on liquid emerging markets. 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. 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? May inform Blackstone that I have other offers to see if the process can be expedited. Was invited to come into the city to interview with the BAAM team. BX LCS is focused on generating risk-adjusted returns with a strong emphasis on capital preservation across various credit instruments including bank loans, high yield bonds and collateralized loan obligation (CLO) securities. Types of questions? Note: Past performance may not be a reliable guide to future performance. Companies. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Anonymous Interview Candidate in New York, NY, I applied online. All returns include dividend and capital gain distributions. The strategy that Nephila executes for Blackstones mutual fund is opportunistic in nature and focuses on reinsurancespecifically Catastrophe Bonds (CAT). What should I know /ask during the interview? Sign In. Derivatives Risk the use of derivatives involves the risk that their value may not move as expected relative to the value of the relevant underlying assets, rates, or indices. Index Comparisons: Indices are unmanaged and investors cannot invest in an index. Asked in depth questions on the resume. Kept digging and asking more and more questions about what I did there. This material is not an offer to sell the Funds securities and is not soliciting an offer to buy the Funds securities. 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. 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. From a risk management perspective, the portfolio managers are risk conscious and can be expected to reduce exposures when they are uncomfortable with the market environment. 2005-2023 Wall Street Oasis. has a good work life balance? Is this considered PE? Great experience. Overall quick and moderate process. Kept digging and asking more and more questions about what I did there. What is a blackstone endeavor/initiative that you find interesting? What should I know /ask during the interview? 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. 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 indices do not reflect the deduction of fees or expenses. BAAM invests in alternative investment strategies for leading institutional investors and sophisticated individuals, seeking attractive risk-adjusted returns to meet our clients' investment goals. Emso monitors special situations, such as debt restructurings, as well as mispricings due to forced liquidations of substantial holdings. (Commercial paper, repos, short term fixed income). AUM reflects total AUM of Two Sigma Advisers, including employee and proprietary capital, and has been adjusted downward to avoid double-counting certain assets. Joe Dowling, Blackstone Global Co-Head and Chief Investment Officer of BAAM, said: " Blackstone is the leader in the hedge fund allocation space. Then, I had another 20 minute phone interview with another analyst. 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. Do you think hedge fund will generate lower or higher returns in the future, and why do you think so? 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. Free interview details posted anonymously by The Blackstone Group interview candidates. Second interview you meet the managers in person. 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