BXMA - Absolute Return - Equity Strategy Team - Vice President / Principal

Blackstone; New York (NY); On-site; USD 175,000 - 200,000; Full time

Job summary

Blackstone seeks a VP/Principal to lead diligence for hedge fund investments within the Equity Strategy Team. You will engage fund managers, perform deep quantitative analyses, and present to investment committees.

The role focuses on monitoring existing exposures and maintaining partner relationships, with a data-driven approach to investment decisions. You will contribute to evaluating market factors, outlining investment theses, and refining reporting processes in a collaborative, global

Qualifications

• 5+ years of relevant work experience in hedge fund investing, investment banking, equity research, or related fields.
• Strong analytical and quantitative skills with solid financial modeling ability.
• Excellent communication, writing, and presentation capabilities.
• Entrepreneurial, team-oriented mentality with good judgement.

Responsibilities

• Managing end-to-end diligence for prospective hedge fund investments in the Equity space.
• Performing quantitative analysis, modeling, and portfolio risk assessment.
• Preparing investment committee materials and presenting findings.
• Monitoring portfolio exposures and maintaining fund manager relationships.
• Developing and improving investment evaluation methods and reports.

Skills

Hedge fund investing

Financial modeling

Analytical skills

Communication skills

Team oriented

Judgement

Job description

Blackstone is the world's largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone's over $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter) and Instagram.

Blackstone Multi-Asset Investing (BXMA) manages $109 billion across a diversified set of businesses. We strive to generate attractive risk-adjusted returns for our clients across market cycles. Our strategies include Absolute Return, Multi-Strategy, Total Portfolio Management, and Public Real Assets.

Job Description

BXMA's largest line of business makes LP investments in hedge funds. These investments span the gamut of asset classes and hedge fund strategies. The Equity Strategy Team makes allocation decisions for Long-Short Equity and Event-Driven Equity. This role offers the opportunity to analyze, evaluate, and engage with global hedge fund managers, as well as interface with colleagues across the globe. Our investment process combines the public market and financial analysis characteristic of hedge fund investing with the strategic thinking of private equity.

The VP/Principal will be responsible for directly managing investment diligence processes, monitoring existing portfolio investments, and maintaining relationships with current fund managers and partners.

Responsibilities

• Managing the end-to-end diligence process for prospective hedge fund investments within the Equity space, including engaging fund managers, completing thematic market research, and underwriting specific investments.
• Performing investment due diligence, including quantitative analysis, detailed financial modeling, scenario and sensitivity analyses, fundamental industry and market research, and creating presentation materials for investment committees.
• Continuous monitoring and evaluation of existing portfolio exposures, including by tracking key positions, themes, exposures, and risk factors, having regular conversations with fund managers, assessing the impact of organizational changes, and continuously challenging/stress-testing investment theses.
• Maintaining and deepening relationships with existing fund managers and partners to ensure strong ongoing communication and alignment.
• Thinking critically about how various market factors impact Equity strategies broadly and contributing recommendations regarding different styles of investing, given the current environment and future expectations.
• Preparing investment committee presentations and portfolio updates.
• Qualitatively and quantitatively analyzing hedge fund strategies and individual managers; preparing manager investment recommendations, detailed data analyses, and portfolio models.
• Modeling various investment strategies, exposures, and their risks.
• Thinking creatively about ways to improve how the team evaluates, monitors, and reports on investments.

Qualifications

• 5+ years of relevant work experience (e.g., hedge fund investing, investment banking, equity research, investment management, fund of funds, or related fields).
• Strong analytical and quantitative skills
• Entrepreneurial, team-oriented mentality
• Strong communication skills, including demonstrable writing and presentation skills
• Excellent attention to detail
• Good judgement and confidence
• Strong financial modeling skills and the capability to deconstruct a hedge fund's historic returns
• A passion for equity markets, and a deep understanding of different approaches within the asset class
• Experience managing ad hoc projects independently and to completion
• Experience working in a team environment and contributing to a positive team culture
• Prior programming experience is a plus but not necessary

The duties and responsibilities described here are not exhaustive and additional assignments, duties, or responsibilities may be required of this position. Assignments, duties, and responsibilities may be changed at any time, with or without notice, by Blackstone in its sole discretion.

Expected annual base salary range

$175,000 - $200,000
Actual base salary within that range will be determined by several components including but not limited to the individual's experience, skills, qualifications and job location. For roles located outside of the US, please disregard the posted salary bands as these roles will follow a separate compensation process based on local market comparables.

Additional compensation and benefits offered in connection with the role

Additional compensation and benefits offered in connection with the role consist of comprehensive health benefits, including but not limited t