Business Unit Overview:Blackstone Multi-Asset Investing (BXMA) manages $101 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: This role involves working closely with the Equity Capital Markets (ECM) and Blackstone Multi-Strategy Investing (MSI) teams to originate, structure, value, hedge, and trade equity-linked securities, including convertible bonds and corporate derivatives. The position also requires collaboration with the broader MSI team on event-driven strategies, capital structure arbitrage, merger arbitrage, and liquid credit opportunities.
This role offers the opportunity to work on complex transactions and collaborate across multiple teams to drive innovative solutions.
Responsibilities: - Equity-Linked Securities Expertise: Originate, structure, and execute transactions involving convertible bonds, corporate derivatives, and other equity-linked securities.
- Valuation & Trading: Leverage expertise in convertible bond valuation and trading to support deal execution and risk management.
- Hedging Strategies: Develop and implement hedging strategies for equity-linked securities to optimize risk-adjusted returns.
- Event-Driven Strategies: Collaborate with the MSI team to identify and execute opportunities in event-driven strategies, including merger arbitrage and capital structure arbitrage.
- Liquid Credit: Work on liquid credit strategies, integrating equity-linked securities expertise with broader credit market opportunities.
- Cross-Team Collaboration: Partner with ECM and MSI teams to align equity-linked securities strategies with broader investment objectives.
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:
- 3+ years of experience in an equity capital markets role, specializing in convertible bonds and/or corporate derivatives.
- Deep expertise in equity capital markets and a strong understanding of convertible bonds, derivatives, and event-driven strategies.
- Capable of identifying and capitalizing on event-driven opportunities across equity-linked securities and broader capital markets.
- Track record of working effectively across teams in a dynamic environment.
- Excellent communication and presentation skills with strong ability to form professional relationships.
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 - $175,000
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 consist of comprehensive health benefits, including but not limited to medical, dental, vision, and FSA benefits; paid time off; life insurance; 401(k) plan; and discretionary bonuses. Certain employees may also be eligible for equity and other incentive compensation at Blackstone's sole discretion.
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