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

Blackstone • New York, NY

28d • $175,000 - $200,000

About The Position

Blackstone Multi-Asset Investing (BXMA) manages $109 billion across Absolute Return, Multi-Strategy, Total Portfolio Management, and Public Real Assets. BXMA’s largest line of business makes limited partner investments in hedge funds across asset classes and strategies. The Equity Strategy Team makes allocation decisions for Long-Short Equity and Event-Driven Equity. The role involves analyzing, evaluating, and engaging with global hedge fund managers, while working with colleagues across the globe. The investment process combines public-market and financial analysis characteristic of hedge fund investing with the strategic thinking of private equity.

The Vice President / Principal directly manages investment diligence processes, monitors existing portfolio investments, and maintains relationships with current fund managers and partners. Responsibilities include evaluating prospective hedge fund investments, conducting qualitative and quantitative analysis, monitoring portfolio exposures and risk, preparing investment recommendations and committee materials, and contributing ideas to improve how investments are evaluated, monitored, and reported.

Requirements

• 5+ years of relevant work experience, such as hedge fund investing, investment banking, equity research, investment management, fund of funds, or related fields.
• Strong analytical and quantitative skills.
• Entrepreneurial and team-oriented mentality.
• Strong communication skills, including demonstrable writing and presentation skills.
• Excellent attention to detail.
• Good judgment and confidence.
• Strong financial modeling skills and the ability to deconstruct a hedge fund’s historical returns.
• Passion for equity markets and deep understanding of different approaches within the asset class.
• Experience managing ad hoc projects independently through completion.
• Experience working in a team environment and contributing to a positive team culture.

Nice To Haves

• Prior programming experience.

Responsibilities

• Manage end-to-end diligence processes for prospective hedge fund investments in the Equity space, including engaging fund managers, conducting thematic market research, and underwriting investments.
• Perform investment due diligence, including quantitative analysis, detailed financial modeling, scenario and sensitivity analyses, fundamental industry and market research, and preparation of investment committee materials.
• Continuously monitor and evaluate existing portfolio exposures by tracking key positions, themes, exposures, and risk factors; communicating regularly with fund managers; assessing organizational changes; and challenging and stress-testing investment theses.
• Maintain and deepen relationships with existing fund managers and partners to support strong ongoing communication and alignment.
• Assess how market factors affect Equity strategies and contribute recommendations regarding investment styles in light of current conditions and future expectations.
• Prepare investment committee presentations and portfolio updates.
• Analyze hedge fund strategies and individual managers qualitatively and quantitatively, and prepare manager investment recommendations, detailed data analyses, and portfolio models.
• Model investment strategies, exposures, and associated risks.
• Identify creative ways to improve the team’s evaluation, monitoring, and reporting of investments.

Benefits

• Comprehensive health benefits, including medical, dental, vision, and FSA benefits.
• Paid time off.
• Life insurance.
• 401(k) plan.
• Discretionary bonuses.
• Certain employees may be eligible for equity and other incentive compensation at Blackstone’s discretion.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed