Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $1.1 trillion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X, and Instagram.
Business Unit Overview:
Blackstone Multi Asset Investing (BXMA) manages approximately $88 billion across a diversified array of businesses, including a customized portfolio solutions platform, a special situations platform, an open-ended mutual fund platform, and an emerging manager seeding platform. BXMA invests across a variety of strategies, asset classes, and capital structures to create solutions for its clients. Through its focus on client objectives, rigorous due diligence process, and access to Blackstone’s global insights, BXMA strives to generate attractive risk-adjusted returns through market cycles while mitigating downside risk during periods of volatility.
BXMA’s Total Portfolio Management business manages total portfolios on behalf of select clients (families and institutions). The portfolios are customized to client-specific objectives and aim to outperform traditional portfolios by embracing a long-term time horizon, flexible asset allocation, and robust portfolio construction. Total Portfolio Management’s open architecture approach combines external investments, private market strategies, direct investing and the Blackstone ecosystem.
Job Title:
Total Portfolio Management - Portfolio Management Associate
Job Description:
The Portfolio Management Associate will support the development, execution, and continuous evaluation of investment strategies to achieve long-term financial objectives and support the client experience. This individual is responsible for helping to manage a multi-asset portfolio and will report to the Portfolio Manager of the Total Portfolio Management business.
Responsibilities:
Primary responsibilities will include:
Support the development and implementation of investment strategies that align with the client’s goals, risk tolerance, and time horizon.
Assist in managing the client’s asset allocation, portfolio construction, manager selection, and performance monitoring.
Support due diligence and selection of external managers across asset classes and working across Total Portfolio Management, Blackstone Multi Asset and Private Asset teams (including public equity, fixed income, hedge funds, private equity, real assets, and alternatives).
Leverage technology-driven tools to enhance portfolio analysis, performance monitoring, and client reports, ensuring efficiency and accuracy in decision-making.
Assist with providing training and knowledge sharing with clients
Ensure compliance with all investment policies and best practices in institutional investing.
Build and maintain relationships with external investment managers
Support the presentation of investment recommendations and performance updates to the client, Head of TPM and IC of TPM.
Assist with liquidity management and support capital budgeting and financial planning as needed.
Stay current on market trends, risks, and opportunities relevant to endowment investing.
Qualifications:
Blackstone seeks to hire individuals who are highly motivated, intelligent and have demonstrated excellence in prior endeavors. In addition to strong analytical and quantitative skills, the successful candidate should have:
Bachelor’s degree in finance, economics, business, or a related field.
3+ years of relevant investment management experience, ideally with endowments, foundations, pension funds, or similar institutional investors.
Knowledge of investment concepts, portfolio management, asset allocation, and manager due diligence across diverse asset classes.
Demonstrated skill to develop, articulate, and execute long-term investment strategies.
Exceptional analytical, communication, and presentation skills.
Highly ethical professional standards, professional integrity, and commitment to the mission of the institution.
Competencies
Strategic & critical thinking
Relationship management
Effective communication with technical and non-technical stakeholders
Risk assessment and mitigation
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:
$150,000 - $160,000Actual 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: Base salary does not include other forms of compensation or benefits offered in connection with the advertised role.
Blackstone is committed to providing equal employment opportunities to all employees and applicants for employment without regard to race, color, creed, religion, sex, pregnancy, national origin, ancestry, citizenship status, age, marital or partnership status, sexual orientation, gender identity or expression, disability, genetic predisposition, veteran or military status, status as a victim of domestic violence, a sex offense or stalking, or any other class or status in accordance with applicable federal, state and local laws. This policy applies to all terms and conditions of employment, including but not limited to hiring, placement, promotion, termination, transfer, leave of absence, compensation, and training. All Blackstone employees, including but not limited to recruiting personnel and hiring managers, are required to abide by this policy.
If you need a reasonable accommodation to complete your application, please email Human Resources at HR-Recruiting-Americas@Blackstone.com.
Depending on the position, you may be required to obtain certain securities licenses if you are in a client facing role and/or if you are engaged in the following:
Attending client meetings where you are discussing Blackstone products and/or and client questions;
Marketing Blackstone funds to new or existing clients;
Supervising or training securities licensed employees;
Structuring or creating Blackstone funds/products; and
Advising on marketing plans prepared by a sales team or developing and/or contributing information for marketing materials.
Note: The above list is not the exhaustive list of activities requiring securities licenses and there may be roles that require review on a case-by-case basis. Please speak with your Blackstone Recruiting contact with any questions.
To submit your application please complete the form below. Fields marked with a red asterisk * must be completed to be considered for employment (although some can be answered "prefer not to say"). Failure to provide this information may compromise the follow-up of your application. When you have finished click Submit at the bottom of this form.