Blackstone Multi Asset Investing (BXMA) - Total Portfolio Management - Portfolio Management, Associate

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 exp