I felt like everyone was very open, energetic, and had only good things to say about working there. 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 Funds multi-manager structure provides built-in diversification for investors who seek to avoid single manager risk. 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. Inactive sub-advisers are not currently managing any Fund assets. 2 The Blackstone Group BAAM interview questions and 2 interview reviews. Know your resume inside and out, otherwise you will get stumped. 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. The hiring process at The Blackstone Group takes an average of 35.06 days when considering 34 user submitted interviews across all job titles. Check the background of this firm on FINRAs BrokerCheck. Seiga Asset Management Limited, a SAF Manager, is a subadviser to the Fund. 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 emphasis is on securities that are undervalued either due to insufficient research coverage of the obligor or due to the complexity of their structure. Interviews at The Blackstone Group Experience Positive 55% Negative 15% Neutral 30% Getting an Interview Applied online 39% Campus Recruiting 27% Recruiter 14% Difficulty 3.1 Average Hard Average Easy Interviews for Top Jobs at The Blackstone Group Analyst (54) Summer Analyst (46) Software Engineer (21) Intern (21) See more interviews for top jobs Why are you looking to make the move over to BAAM? I had a chance to meet about 7 of the people I will be working with, all of which were really friendly and easy to talk to. Emso monitors special situations, such as debt restructurings, as well as mispricings due to forced liquidations of substantial holdings. I applied through college or university. Morris is involved in top-down investment strategy, asset allocation and macroeconomic analysis for BAAM. 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. BAIA allocations are subject to change and BAIAs fees on directly managed assets are not reduced by a payment to a subadviser. Bit of an old thread but I have an interview coming up for BAAM as well. Seeks to deliver steady growth with a focus on maximizing risk-adjusted returns over a full market cycle. 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. One of my best interview experiences. Is this considered PE? Sed exercitationem laudantium possimus et aperiam. Mr. Sullens oversees portfolio management for all of BAAMs multi-manager programs. Source: InvestHedge Billion Dollar Club (as of December 31, 2021) based on AUM.2. I had a phone interview first that took 30 minutes and was mostly fit. 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. I then had one more slightly longer phone interview, followed by a final interview in New York. 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. opportunistic credit investing, for nearly 8 years. Interviews at The Blackstone Group Experience Positive 100% Getting an Interview Campus Recruiting 100% Difficulty 3.0 Average Hard Average Easy Interviews for Top Jobs at The Blackstone Group Analyst (53) Summer Analyst (45) Software Engineer (21) Intern (21) See more interviews for top jobs 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. 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. After comparing the potential risk/reward of various credit outcomes on the entire corporate capital structure, Caspian seeks to implement favorable risk/reward strategies on a credit by credit basis, which could be expressed as stressed/distressed long, valueshort,or intra-capital structure long/short positions. I applied online. We do this by using extraordinary people and flexible capital to help companies solve problems . The strategy for the Fund seeks to generate alpha by identifying mis-pricingsthat arise from the markets high level of retail investor participation (behavioral biases) and arbitrage opportunities created by regulatory frictions. Specialists with expertise in specific alternative strategies are combined in one solution. Please contact your financial advisor to learn more. Blackstone Real Estate Special Situations Advisors L.L.C. Current performance may be lower or higher than the performance data quoted. Magnetar manages a portion of the Funds assets using a risk arbitrage strategy. What should I know /ask during the interview? 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. Opinions expressed reflect the current opinions of Blackstone as of the date appearing in the Materials only and are based on Blackstones opinions of the current market environment, which are subject to change. I'm kind of stressing a bit just due to time constraints. Anonymous Interview Candidate in New York, NY, I applied online. See Principal Investment Risks of the prospectus for a detailed discussion of these and other risks applicable to the Fund. Good people. 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. The process took 2 weeks. This employer has not claimed their Employer Profile and is missing out on connecting with our community. 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. Be the first to find this interview helpful, - Miami-Fort Lauderdale, FL, United States Area. What position? Three trading desks across North America offer a combination of (i) additional capacity; (ii) ability to scale; (iii) liquidity; (iv) market depth across tenors, and (v) performance. Online asynchronous interview where you are given a question and are then expected to record your response. Nephila leverages its CAT models, proprietary risk systems, meteorological forecasts and industry relationships to evaluate the reinsurance market. (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. Does Blackstone provide WLB for working mom? Each investment position is generally judged on its own ability to generate profits consistent with its risk profile. The strategy seeks to identify commodity inefficiencies and market dislocations in financial energy markets by leveraging its energy market experience and predictive modelling platform. One stress-test/question based interview. One is for their Alternative Asset Management Group (BAAM - hedge fund solutions) and the other is for Real Estate Debt Strategies (BREDS). (1) Blackstone and its affiliates have financial interests in asset managers. Tired of getting emails on Fridays that ruin my weekend. 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. For a discussion of this and other conflicts, please see the Important Risks section at the end of this page. Standard Deviation:A measure of the dispersion of a set of data from its mean. This employer has not claimed their Employer Profile and is missing out on connecting with our community. Superday is good. Indices are unmanaged and investors cannot invest in an index. Diversification does not ensure a profit or guarantee against loss. 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. Subject to Blackstones information walls and confidentiality and fiduciary obligations. Mr. Morris is involved in top-down investment strategy, asset allocation and macroeconomic analysis for BAAM. He started his professional career at Blackstone in 1999 as a member of the Private Equity group. Mr. Sullens received both a BA in Economics and an MS in Industrial Engineering from Stanford University. 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. Does Blackstone provide WLB for working mom? This process consists of single factor research and analysis, factor integration, portfolio construction, and algorithmic execution. superday is apparently this Friday. 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. Great experience. 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. Some of the technicals were difficult, but the interviewers were very patient and mostly looked at your approach to the problem. The research process includes analysis of core value drivers and the source of mispricing. I went to a semi-target and didn't see anything ever posted. Initial meeting with the hiring manager, followed by a long interview to meet many members of the team. All returns include dividend and capital gain distributions. Anonymous Interview Candidate in New York, NY, I applied online. Then, I had another 20 minute phone interview with another analyst. Have an interview at a shared service Blackstone Portco tomorrow. I interviewed at The Blackstone Group (New York, NY) in Sept 2018. Would recommend tossing your hat in for the opportunity. 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