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. This case explores reasons for Blackstone Alternative Asset Management's (BAAM's) growth from 2007-2013, a time when the overall fund of hedge funds industry contracted substantially. 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. BAAM invests in alternative investment strategies for leading institutional investors and sophisticated individuals, seeking attractive risk-adjusted returns to meet our clients' investment goals. No Assurance of Investment Return. I interviewed at The Blackstone Group (New York, NY) in Jun 2014. I don't have any real finance experience and can't "talk the talk." Anyone had this interview who could give me some advice? I have two first round phone interviews with Blackstone this week (SA positions) and am hoping to get some insight. 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. Press J to jump to the feed. 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. Quidem sint vitae asperiores error ut exercitationem. Endeavour evaluates investment opportunities with a stock specific lens, understanding how industry trends, economic data, and competitive dynamics impact company fundamentals to inform idea generation, analysis, and risk management. Is this considered PE? Would recommend tossing your hat in for the opportunity. Be the first to find this interview helpful, - Miami-Fort Lauderdale, FL, United States Area. Salary level, culture, etc. I had a great experience. - Met with a variety of people from across all levels. BAIA allocations are subject to change and BAIAs fees on directly managed assets are not reduced by a payment to a subadviser. Tempora aut velit sed eum molestias repudiandae. One is for their Alternative Asset Management Group (BAAM - hedge fund solutions) and the other is for Real Estate Debt Strategies (BREDS). Will follow up after to share my experience. The Funds investments involve special 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. For a discussion of this and other conflicts, please see the Important Risks section at the end of this page. Proprietary market intelligence gleaned from its commodity trading business coupled with fundamental supply and demand research unearths these potential relative value and directional mispricing opportunities. Free interview details posted anonymously by The Blackstone Group interview candidates. 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. One of my best interview experiences. 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. For a discussion of this and other conflicts, please see the Additional Disclosure section at the end of this document. (4) From 1/1/2020 to 6/30/2021. BAIA manages a portion of the Funds assets directly. 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). Have an interview at a shared service Blackstone Portco tomorrow. More specifically, Jensens Measure is used to calculate alpha. Anonymous Interview Candidate in New York, NY, I applied online. Nephila leverages its CAT models, proprietary risk systems, meteorological forecasts and industry relationships to evaluate the reinsurance market. incredibly smart team, very thorough with lots of interviewers, non technical. Have an interview at a shared service Blackstone Portco tomorrow. Thoughts on ops role at PE firms like blackstone and kkr? See Principal Investment Risks of the prospectus for a detailed discussion of these and other risks applicable to the Fund. The S&P is a float-weighted index, meaning company market capitalizations are adjusted by the number of shares available for public trading. Dynamic allocation allows Blackstone to rotate into more attractive sectors, strategies and managers as markets evolve. 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). 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. Magnetar manages a portion of the Funds assets using a risk arbitrage strategy. On Fishbowl, you can share insights and advice anonymously with The Blackstone Group employees and get real answers from people on the inside. Capability to work 60 Hours as Intern? (Commercial paper, repos, short term fixed income). Joe Dowling, Blackstone Global Co-Head and Chief Investment Officer of BAAM, said: " Blackstone is the leader in the hedge fund allocation space. The strategy for the Fund invests across industry sectors, with a focus on trading equities and equity indices. I'm assuming they will be mostly fit but I've heard they sometimes throw in technicals depending on the group. 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. HFRX Global Hedge Fund Index: Designed to be representative of the overall composition of the hedge fund universe. BAAM Analyst (4) Data Analyst (3) Real Estate Debt Strategies Summer Analyst (3) Real Estate Private Equity Summer Analyst (3) You will be given 3 min to think and 1 min to answer for each question. The hiring process at The Blackstone Group takes an average of 35.06 days when considering 34 user submitted interviews across all job titles. 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). Salary level, culture, etc. Third with higher management. Tired of getting emails on Fridays that ruin my weekend. Prior to joining CAM Capital, Mr. Ben-Ur was a Partner and Co-Chief Investment Officer at Corbin Capital Partners, an independent alternative asset management firm thats specializes multi-strategy hedge fund and 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. Conflicts of Interest: Blackstone and the Sub-Advisers have conflicts of interest that could interfere with their management of the Fund. This employer has not claimed their Employer Profile and is missing out on connecting with our community. 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. You should also brush up on your technical knowledge of the position you're applying for. The strategy seeks to generate alpha by taking advantage of mispricing in less efficient, and liquid sovereign bond markets. Beta: A measure of the volatility, or systemic risk, of a security or a portfolio in comparison to the market as a whole. Please contact your financial advisor to learn more. Blackstone BAAM Investment Final Round (Originally Posted: 01/31/2015). Winfield Sickles is a Managing Director in BAAM, where he focuses on portfolio management for customized and commingled hedge fund portfolios. 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. - People were nice and welcoming - Very technical towards end of process. Plan your career in the wide world of finance. All Rights Reserved. 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. 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. 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. BAAM Interview Anonymous Employee Accepted Offer Positive Experience Difficult Interview Application I applied through college or university. Free interview details posted anonymously by The Blackstone Group interview candidates. Does anyone know if compliance at Blackstone etc. I dont have any real finance experience and cant talk the talk. Anyone had this interview who could give me some advice? Inactive sub-advisers are not currently managing any Fund assets. Tired of getting emails on Fridays that ruin my weekend. Prior to joining Rasini, Mr. Santulin worked in London for Banque Paribas where he was in Fixed Income Derivatives Sales & Trading covering Italian institutions and hedge funds. 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. Allocations may change at any time without notice. Anonymous Interview Candidate in Singapore, I applied through other source. I have one coming up as well. This employer has not claimed their Employer Profile and is missing out on connecting with our community. 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. Before joining Blackstone in 2001, Mr. Sullens served as a Director with Citi Alternative Investment Strategies, Citigroups hedge fund investment center. What position? Superday is good. Derivatives can be subject to counterparty credit risk and may entail investment exposure greater than their notional amount. Please contact your BAAM representative for further information. 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. Create an account to follow your favorite communities and start taking part in conversations. Great experience. Salary level, culture, etc. What should I know /ask during the interview? Et dolor quo quod est. 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. All investors are urged to carefully read the prospectus and the summary prospectus in its entirety before investing. 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. AUM reflects total AUM of Two Sigma Advisers, including employee and proprietary capital, and has been adjusted downward to avoid double-counting certain assets. Can you share your experience? What is the interview process like at The Blackstone Group? One is for their Alternative Asset Management Group (BAAM - hedge fund solutions) and the other is for Real Estate Debt Strategies (BREDS). Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). Information about the Fund, including current month-end performance, is available on the Funds website at www.bxmix.com or by calling 855-890-7725. 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. Investment returns and principal values may fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost. The strategy that Nephila executes for Blackstones mutual fund is opportunistic in nature and focuses on reinsurancespecifically Catastrophe Bonds (CAT). Please note that additional details concerning the Funds performance, liquidity and asset class exposures are available upon request. Sign In. Invests in a variety of alternative strategies in an effort to provide diversified exposures that are less dependent on market movements. 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. (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. DESIM, a member of the D.E. Shaw group, was formed in 2005. 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? Equity Securities Risk prices of equity and preferred securities fluctuate based on changes in a companys financial condition and overall market and economic conditions. 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