Analyst: Business & Financial Evaluation
The Business and Financial Evaluation group is responsible for performing due diligence, focusing on the operational risks of managing a hedge fund. Analysts will participate in meetings with senior management and perform extensive research on funds and industry trends, learning about hedge funds and the financial industry from an operational perspective.
Analyst: Legal and Product Development
The Legal and Product Development group plays a critical role in providing the best possible information to help hedge fund managers. Analysts work on a variety of projects, reviewing and summarizing key legal documents and analyzing fund and regulatory research.
Analyst: Global Client Operations and Reporting Team
The Global Client Operations and Reporting Team sits within BAAM’s Investor Solutions Group, providing essential infrastructure support across BAAM’s global platform and working as internal consultants. Among other things, the team aims to streamline, centralize and quality-control information delivered to clients, prospects and investment management consultants. The comparatively small size of the team offers employees the opportunity to work closely with senior investor relations/business development professionals, interface with all other BAAM teams and assume significant responsibility.
Analysts provide an essential support role in an all-encompassing capacity to the rest of the team. Analysts are assigned as secondary contacts on a select group of clients and are responsible for supporting all aspects of the relationship with these investors. The comparatively small size of this group offers analysts the opportunity to work closely with senior team members, assume significant responsibility and play integral roles. Analysts at Blackstone often have the opportunity to participate in all aspects of projects and be staffed on a number of assignments at one time.
Analyst: Investment Team
The Investment Team uses a comprehensive approach to constructing portfolios, relying on investment-level analysis and macroeconomic perspectives. Analysts work on a variety of tasks, including modeling investment strategies, conducting macroeconomic research and analyzing risk to ensure Blackstone portfolios continually generate value for investors.
Summer Analyst: Business & Financial Evaluation
BAAM’s BFE team is responsible for performing initial and ongoing operational due diligence with respect to BAAM’s underlying hedge fund managers. BFE evaluates a manager based upon all non-investment aspects of the business, and specifically focuses on the operational risks associated with managing an alternative asset investment firm. A manager’s size and strategy, along with industry best practices are taken into account when performing this evaluation. Additionally, BFE supports BAAM’s various products and platforms, including BAAM’s hedge fund seeding platform and long only platform. BFE will also be involved in due diligence matters pertaining to other groups within Blackstone as needed.
A Summer Analyst’s responsibilities will include a variety of tasks associated with the team’s evaluation of a hedge fund manager from an operational risk perspective. Specific tasks may include: participating in operational due diligence meetings on both hedge funds and hedge fund service providers, performing various types of research on the hedge fund industry (including regulatory, news sources, industry periodicals and ad hoc research projects), analyzing manager financial statements, performing queries to analyze industry trends, and preparing information for internal or client reports. The Summer Analyst will also be expected to assist with, and/or lead, as necessary, any ad hoc projects.
In addition to working at one of the world's leading alternative investment firms, Summer Analysts gain the opportunity to access and learn about the dynamic and unique hedge fund market. Meetings are often conducted with CFOs, COOs, etc. of the respective funds, giving Summer Analysts exposure to seasoned industry professionals. The BFE team works closely with the COO, and other senior members of BAAM, leading to a fast-paced and exciting work environment.
Summer Analyst: Global Client Operations and Reporting
The Global Client Operations and Reporting Team sits within BAAM’s Investor Solutions Group, providing essential infrastructure support across BAAM’s global platform and working as internal consultants. Among other things, the team aims to streamline, centralize and quality-control information delivered to clients, prospects and investment management consultants. The comparatively small size of the team offers Summer Analysts the opportunity to work closely with senior investor relations/business development professionals, interface with all other BAAM teams and assume significant responsibility.
Summer Analysts play an integral role in developing tools to assist the global Investor Solutions Group with on-boarding, branding, message control and efficiency. Responsibilities include maintaining standard marketing materials, developing a marketing language library, overseeing client reporting, managing BAAM’s entries into consultant databases and coordinating responses to consultant questionnaires. Summer Analysts may also assist in subscription and redemption processing and distribution of key client reporting.
Summer Analyst: Legal & Product Development
The Summer Analyst will work with BAAM’s Legal & Product Development team on a variety of different matters relating to hedge funds and hedge fund solutions. Primary job responsibilities include: review offering documents of underlying hedge fund managers and prepare summaries of key terms or issues relating to investments in hedge fund managers; assist in evaluation of manager terms and negotiation of side letters; assist in compiling various databases relating to Blackstone managers and Blackstone funds; provide support relating to the offering of any new funds or structured products; analyze manager and portfolio liquidity, fees, and other terms to produce internal and external reports; assess current and prospective regulatory risk through industry and government-focused research; and perform research on market trends within the hedge fund industry.
Summer Analyst: Investment Team
The Investment Team, comprised of Investment Research and Risk Management professionals, combines a top-down and bottom-up approach to portfolio construction by using both macroeconomic views and investment-level analysis to manage portfolios of hedge funds. The Investment Team is responsible for the sourcing, due diligence and ongoing monitoring of hedge fund managers, as well as asset allocation and portfolio construction.
Due to the relatively small size of the professional staff, research teams are typically small and Summer Analysts are therefore expected to assume important and integral roles.