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

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 .

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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.