basic describe your background and why you should work here questions. On Fishbowl, you can share insights and advice anonymously with The Blackstone Group employees and get real answers from people on the inside. Create an account to follow your favorite communities and start taking part in conversations. 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. Position: Fund Accounting Associate, Blackstone Alternative Asset Management (BAAM) BPS<br>Location: Miami<br><p>Blackstone is the worlds largest alternative asset manager. The Funds multi-manager structure provides built-in diversification for investors who seek to avoid single manager risk. both in person and virtual. Endeavour primarily invests in securities within the banking, insurance, mortgage, specialty finance, and brokerage/asset management sectors. Note: Past performance may not be a reliable guide to future performance. Caspian seeks attractive, long-term, risk-adjusted returns by applying a flexible and opportunistic approach to investing which involves evaluating the current attractiveness of various asset classes. 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. The process took 4 months. Want Access to these Blackstone Group Interview Insights? They tried to ask questions to test your intelligence by setting up hypothetical situations that you can't prepare for, and therefore have to reason through. Source: InvestHedge Billion Dollar Club (as of December 31, 2021) based on AUM.2. Seiga performs fundamental bottom-up research focusing on market inefficiencies and idiosyncratic ideas. DESIM is a member of the D. E. Shaw group, a global investment and technology development firm that combines a rigorous quantitative approach with a complementary strategic focus on qualitative strategies. Blackstone does not guarantee the accuracy and completeness of such information and provides no assurance regarding the performance, management or affairs of the Sub-Adviser. May inform Blackstone that I have other offers to see if the process can be expedited. Apertures investment strategy aims to identify and invest in enablers, beneficiaries, and targets of transformation. Two fit interviews. (3) AUM as of 03/31/2022. Basically their treasury team regularly issues debt to make their commercial paper more liquid to make it easier for them to borrow. ERISA Fiduciary Disclosure: The foregoing information has not been provided in a fiduciary capacity under ERISA, and it is not intended to be, and should not be considered as, impartial investment advice. I applied through college or university. In that role, he was responsible for manager selection and monitoring, as well as portfolio management. I interviewed at The Blackstone Group (New York, NY). 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. has a good work life balance? Salary level, culture, etc. Bayforest is a multi-asset quantitative research firm thatcombines real-time statistical inference analytics with deep market expertise. 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. I applied online. Will follow up after to share my experience. Why are you looking to make the move over to BAAM? Initial meeting with the hiring manager, followed by a long interview to meet many members of the team. I'm kind of stressing a bit just due to time constraints. or Want to Sign up with your social account? Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. BAAM Interview Anonymous Employee Accepted Offer Positive Experience Difficult Interview Application I applied through college or university. I had a great experience. Have an interview at a shared service Blackstone Portco tomorrow. Diversification does not ensure a profit or guarantee against loss. Does anyone know if compliance at Blackstone etc. J. Seiga is a pan-Asia fundamental long/short equity manager primarily focused on markets in Japan and China. This was not necessary in my interview but I've found that always helps. Describe Your Previous Experience? Would recommend tossing your hat in for the opportunity. The process took 2 weeks. BAIA manages a portion of the Funds assets directly. (1) Blackstone and its affiliates have financial interests in asset managers. All returns include dividend and capital gain distributions. He is responsible for directing the manager research team in hedge fund manager selection and monitoring. The strategy seeks to provide an attractive risk-adjusted return that is largely uncorrelated with other asset classes. I'm assuming they will be mostly fit but I've heard they sometimes throw in technicals depending on the group. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. The more spread apart the data, the higher the deviation. I need to write another sentence to meet the word limit. The indices do not reflect the deduction of fees or expenses. 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. 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. HealthCor is a long/short equity manager primarily focused on the Biotech, Pharma, Medtech, and Services sub-sectors of Healthcare. This material is not an offer to sell the Funds securities and is not soliciting an offer to buy the Funds securities. 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. 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. 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. 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. (4) From 1/1/2020 to 6/30/2021. Had basic phone screening call with a BS recruiter with standard questions about resume and gave additional information about the position. I then had one more slightly longer phone interview, followed by a final interview in New York. Tired of getting emails on Fridays that ruin my weekend. There can be no assurance that the Fund will achieve its goals or avoid losses. Long Exposure: A long position occurs when an individual owns securities. Dynamic allocation allows Blackstone to rotate into more attractive sectors, strategies and managers as markets evolve. 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. . Bayforests proprietary algorithm consumes large quantities of data to infer actionable insights in real time, which in turn are used to identifying complex patterns that may be formed because of market inefficiencies. I applied online. Please contact your BAAM representative for further information. 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 interviewed at The Blackstone Group (New York, NY) in Jun 2014. Prior to joining HSBC, Mr. Morris worked for PaineWebber in London. H/W/S? No Assurance of Investment Return. Opinions and Trends. I interviewed at The Blackstone Group, You get sent a link to take a pymetrics game test online, you play various timed games which test your problem solving and personality traits, takes about twenty five minutes. What is the interview process like at The Blackstone Group? 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. Legal structuring? Mr. Abrahams has a B.A. What should I know /ask during the interview? The Program offers Summer Analyst's various technical training and professional development opportunities, the ability to network with professionals across all business units, and a robust mentorship experience to allow the . (1) BAIA is the Funds Investment Manager and manages a portion of the Funds assets directly. I applied online. For a discussion of this and other conflicts, please see the Additional Disclosure section at the end of this document. Riad Abrahams is a Senior Managing Director in BAAM, where he serves as Head of Strategy. Allocations may change at any time without notice. For a discussion of this and other conflicts, please see the Additional Disclosure section at the end of this document. Have an interview at a shared service Blackstone Portco tomorrow. 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. Quantitative Strategist (Vice President). Why are you looking to make the move over to BAAM? Glossary of Indices: Market indices obtained through Bloomberg, HFR Asset Management, MSCI and Morngingstar, as applicable. I have one coming up as well. 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. On Fishbowl, you can share insights and advice anonymously with The Blackstone Group employees and get real answers from people on the inside. Blackstone Strategic Capital Advisors L.L.C. 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. Index Comparisons: Indices are unmanaged and investors cannot invest in an index. Be the first to find this interview helpful, - Miami-Fort Lauderdale, FL, United States Area. 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. 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. Ipsa quo qui cumque officia eaque. 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. Plan your career in the wide world of finance. 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. (3) Representing active underlying managers as of 6/30/2021. Prior to his six years at Disney, he was an analyst with Trammell Crow Ventures, a real estate investment advisory firm. One stress-test/question based interview. Performance data quoted represents past performance and is no guarantee of future results. Given the complexity of many of these strategies, it is unlikely that a single manager has expertise across all of them. 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. Source InvestHedge Billion Dollar Club, as of December 31, 2021 based on AUM. Was invited to come into the city to interview with the BAAM team. Questions were a mix of technical and fit. Salary level, culture, etc. The gross exposure is one indication of the level of leverage in a portfolio. Do you think hedge fund will generate lower or higher returns in the future, and why do you think so? I interviewed at The Blackstone Group in Jan 2011. Management is very friendly. 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. In BAAM, where he serves as Head of strategy had one more longer. 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