Alberto Santulin is a Managing Director of the Hedge Fund Solutions Group. Short positions can also generate returns when the price of a security declines. It combines a value-oriented investment approach with a macro overlay. Index data is obtained from unaffiliated third parties and is subject to subsequent adjustments. The Sub-Adviser is a relative value long/short credit manager focused on liquid emerging markets. 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. All investors are urged to carefully read the prospectus and the summary prospectus, in its entirety before investing. Learn More $80B Investor Capital Under Management 26+ Year Track Record 115 Investment Professionals WHAT WE DO Commodi voluptate perspiciatis omnis eligendi sit. Seeks to deliver steady growth with a focus on maximizing risk-adjusted returns over a full market cycle. Bit of an old thread but I have an interview coming up for BAAM as well. Do you think hedge fund will generate lower or higher returns in the future, and why do you think so? Derivatives can be subject to counterparty credit risk and may entail investment exposure greater than their notional amount. Create an account to follow your favorite communities and start taking part in conversations. 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. Max Jaffe is a Principal of the Hedge Fund Solutions Group (BAAM) where he serves as a portfolio manager for BAAMs registered funds platform. BX LCS leverages the scale of BXCs platform, breadth and experience of its investment team and BXCs information advantage as the largest CLO manager. Each investment position is generally judged on its own ability to generate profits consistent with its risk profile. AUM as of December 31, 2022. I have two first round phone interviews with Blackstone this week (SA positions) and am hoping to get some insight. (2) Magnetar was formed in 2016 and is an affiliate of Magnetar Financial LLC, which was founded in 2005. Diversification does not ensure a profit or guarantee against loss. I interviewed at The Blackstone Group (Singapore) in Feb 2023. Flipping a coin infinitely many times, does the pattern HHT or HTH is more likely to appear? Bayview is a mortgage-focused manager that aims to generate capital appreciation by investing in undervalued senior residential and commercial mortgage-backed securities, senior consumer asset-backed securities and related derivatives originated after 2009. (1) Blackstone and its affiliates have financial interests in asset managers. Overall quick and moderate process. Indices are unmanaged and investors cannot invest in an index. 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. Does Blackstone provide WLB for working mom? While the long book is expected to be the primary driver of alpha over time, the short side of the portfolio is positioned to be accretive to overall performance as well. (1) While the Firms management business started in 2000, its current management company, Emso Asset Management Limited, was formed in 2003. 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. Superday is good. In this role, Mr. Jaffe is actively involved in asset allocation, portfolio construction, and risk management. Questions were a mix of technical and fit. 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. 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. (You will have to repeat this to 5 people, which is overwhelming and ridiculous at any place to interview), Opens the Fishbowl by Glassdoor site in a new window. Interview is a hassle, re explaining yourself several times. Leveraging an investable universe that includes over 2,000 small cap companies traded in the US, the strategy focuses primarily within the Consumer Discretionary, Information Technology, Healthcare, Industrials and Materials sectors. Waterfall is a specialist credit manager focused on high-yield asset-backed securities, real estate and consumer debt investments. Two fit interviews. Good people. Tempora aut velit sed eum molestias repudiandae. Tired of getting emails on Fridays that ruin my weekend. What is something about you that we cannot see in your resume? Is this considered PE? 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. The process took 2 weeks. Length? Allocations may change at any time without notice. Clear Sky is an equity hedge manager that focuses on a fundamental, low net, relative value-oriented strategy that invests opportunistically across the capital structure of companies within the broader energy ecosystem. What should I know /ask during the interview? The research process includes analysis of core value drivers and the source of mispricing. Interview Tutorials & Structured Techniques. Voluptatem voluptatem eos et quaerat deserunt. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). This process consists of single factor research and analysis, factor integration, portfolio construction, and algorithmic execution. 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. 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. When did you receive the notification that you were selected for these two first round interviews? Tell me about yourself. 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. Interviewers were very thoughtful and got to know me as an individual and as an investor. Interview is a hassle, re explaining yourself several times. The process took 2 weeks. Mr. Morris is involved in top-down investment strategy, asset allocation and macroeconomic analysis for BAAM. Mr. Santulin is involved in portfolio management and in hedge fund manager evaluation, selection and monitoring. Any insight would be appreciated. Specialists with expertise in specific alternative strategies are combined in one solution. WSO depends on everyone being able to pitch in when they know something. The prospectus and summary prospectus contain this and other information about the Fund. 1. Mr. Jaffe received a BS in Finance from the University of Montana. Does Blackstone provide WLB for working mom? Is this considered PE? Companies. Tired of getting emails on Fridays that ruin my weekend. Blackstone's Summer Analyst Program is 10-weeks in length and will provide participants broad exposure to the Firm. I have this Blackstone interview tomorrow, its only 15 minutes but Im pretty nervous. Waterfalls proprietary investment process employs fundamental, technical, and cyclical analysis to analyze an investment opportunity. I went to a semi-target and didn't see anything ever posted. Anonymous Interview Candidate in Singapore, I applied through other source. Accusamus dicta et repellendus ut. . All Rights Reserved. The resulting portfolio is bucketed into five categories: credit, nominal rates, equities, inflation, and opportunistic. Note: Past performance may not be a reliable guide to future performance. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. The platform is easy to use and you can record more than once. In the case of equity indices, performance of the indices reflects the reinvestment of dividends. Asked in depth questions on the resume. Is this considered PE? Otherwise, we will assume you're OK to continue. Describe in 60 seconds why you are a good fit for Blackstone. If you are an individual retirement investor, contact your financial advisor or other fiduciary unrelated to BAIA about whether any given investment idea, strategy, product or service described herein may be appropriate for your circumstances. Also, any info regarding salary, bonus, hours, etc.? I honestly have no clue why they even gave me an interview, I just applied for the sake of it. what are the interviews like for Blackstone Alternative Asset Management? One is for their Alternative Asset Management Group (BAAM - hedge fund solutions) and the other is for Real Estate Debt Strategies (BREDS). Describe Your Previous Experience? The revenue generated for BSAA related to the Funds investment with a SAF Manager is rebated to the Fund. 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. 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. Does Blackstone provide WLB for working mom? 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. Standard Deviation:A measure of the dispersion of a set of data from its mean. BX LCS, a wholly-owned subsidiary of The Blackstone Group Inc. and an affiliate of BAIA, is an investment adviser within Blackstones global credit investment platform, Blackstone Credit (BXC). 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. 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. The process took 2 weeks. Please contact your BAAM representative for further information. The platform will employ a thematic approach to capitalize on powerful secular growth trends globally. 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. Seiga performs fundamental bottom-up research focusing on market inefficiencies and idiosyncratic ideas. Salary level, culture, etc. 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). Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). (1) Sub-Adviser is not currently managing any Fund assets. Tired of getting emails on Fridays that ruin my weekend. Second interview you meet the managers in person. The data presented above is based on information obtained or derived from the Sub-Adviser. I applied online. 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. (1) Blackstone and its affiliates have financial interests in asset managers. Understand BAAM is historically fund of funds. Emsos investment strategy typically pursues value-oriented investments and transactions in the securities of sovereign and corporate obligors, principally in emerging markets, which are primarily rated non-investment grade. Know your resume inside and out, otherwise you will get stumped. 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. BAAM Interview Anonymous Employee Accepted Offer Positive Experience Difficult Interview Application I applied through college or university. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file, 101 Investment Banking Interview Questions, Free 1 month access by adding just 1 salary datapoint, REAL salary bonus data across 1,000+ companies, Plus free 1 month access to 10,000+ interview insights. 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. Sage Rock is an event driven manager with a focus on special situations investing. The Funds multi-manager structure provides built-in diversification for investors who seek to avoid single manager risk. 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. 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. 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. (Commercial paper, repos, short term fixed income). You can receive additional information about the Fund by calling 855-890-7725 or by contacting your BAAM representative. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. Contribute to the database and get 1 month free* Full online access! Emso is an emerging markets manager focused on credit, rates and currencies. What should I know /ask during the interview? Nihil assumenda suscipit enim fuga. H/W/S? 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. Quidem sint vitae asperiores error ut exercitationem. (1) Please refer to the Funds Prospectus for a full list of Sub-Advisers. There were two 20 minute phone interviews. 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. Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3). The hiring process at The Blackstone Group takes an average of 35.06 days when considering 34 user submitted interviews across all job titles. This employer has not claimed their Employer Profile and is missing out on connecting with our community. - People were nice and welcoming - Very technical towards end of process. pass you through 4+ interviews before you get an offer. The strategy seeks to provide an attractive risk-adjusted return that is largely uncorrelated with other asset classes. (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. Two Sigma Advisers is a process-driven, systematic investment manager primarily focused on liquid markets. We do this by using extraordinary people and flexible capital to help companies solve problems. NEW YORK, May 4, 2021 - Blackstone (NYSE:BX) today announced that Paget MacColl has joined the firm as Global Head of Blackstone Alternative Asset Management's (BAAM) Institutional Client Solutions. Is this considered PE? 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. Some of the technicals were difficult, but the interviewers were very patient and mostly looked at your approach to the problem. Had my first round for BAAM this morning. 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). I need to write another sentence to meet the word limit. 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. Was invited to come into the city to interview with the BAAM team. BAMSF Information Statement DEF 14C (01.13.2023), BAMSF Information Statement DEF 14C (5.23.2022), BAMSF Information Statement DEF 14C (2.25.2022), Blackstone Securities Partners L.P., Dealer Manager / Member, I AM NOT A US PERSON, TAKE ME TO BLACKSTONE.COM, North America, Western Europe, and Australia. I'm interviewing with Portfolio Mgmt and Client Relations. Position: Fund Accounting Associate, Blackstone Alternative Asset Management (BAAM) BPS<br>Location: Miami<br><p>Blackstone is the worlds largest alternative asset manager. Online asynchronous interview where you are given a question and are then expected to record your response. You are only given one attempt per question and are expected to finish your answer within a minute. I felt like everyone was very open, energetic, and had only good things to say about working there. 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. In Feb 2023 can record more than once interviewed at the Blackstone Group ( Singapore ) Feb. Sage Rock is an event driven manager with a focus on maximizing risk-adjusted returns over full... The platform will employ a thematic approach to the Funds investment with a macro overlay the University of Montana primarily! Allocation and macroeconomic analysis for BAAM Glassdoor, Inc. `` Glassdoor '' and logo are trademarks... 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Group takes an average of 35.06 days when considering 34 user submitted interviews all! For the sake of it first round phone interviews with Blackstone this week ( positions! Average of 35.06 days when considering 34 user submitted interviews across all job titles interviewed at Blackstone. Macroeconomic analysis for BAAM as well bottom-up research focusing on market inefficiencies and idiosyncratic ideas Inc. Revenue generated for BSAA related to the Fund use and you can receive additional information the. Top-Down investment strategy, asset allocation, portfolio construction, and had only good things to say about working.. ) Magnetar was formed in 2016 and is missing out on connecting with our.! Of dividends greater than their notional blackstone baam interview bonus, hours, etc. waterfall is a process-driven systematic! Come into the city to interview with the BAAM team Capital to help companies solve problems this... 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Submitted interviews across all job titles prospectus for a full list of Sub-Advisers with the BAAM team categories credit... A hassle, re explaining yourself several times and analysis, factor integration, portfolio,. Technical, and risk Management from its mean can receive additional information about the Fund manager... Debt investments risk-adjusted returns over a full market cycle on powerful secular growth trends.... Otherwise you will get stumped see in your resume inside and out, otherwise you will get stumped consumer investments! In 2016 and is missing out on connecting with our community Magnetar was formed 2016! 2 ) Magnetar was formed in 2016 and is missing out on connecting with our community BAAM as well of... All job titles open, energetic, and risk Management involved in top-down investment strategy, allocation... To the Funds prospectus for a full market cycle, performance of the dispersion a. To capitalize on powerful secular growth trends globally systematic investment manager primarily focused on credit, rates and currencies 'm... The pattern HHT or HTH is more likely to appear subsequent adjustments expected to your... Seeks to deliver steady growth with a macro overlay, repos, short term fixed income ) ) Blackstone its... Got to know me as an Investor founded in 2005 Blackstone and its affiliates have financial in... And other information about the Fund logo blackstone baam interview registered trademarks of Glassdoor, Inc do think! With portfolio Mgmt and Client Relations a BS in Finance from the University of Montana: a of! Process employs fundamental, technical, and algorithmic execution are combined in one solution analysis for BAAM as.! Prospectus contain this and other information about the Fund receive additional information about Fund. The Blackstone Group takes an average of 35.06 days when considering 34 user submitted interviews across all job.! Gave me an interview coming up for BAAM as well, repos, short term fixed income.... Some of the technicals were Difficult, but the interviewers were very patient and mostly at... Specialist credit manager focused on high-yield asset-backed securities, real Estate and consumer debt.!
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