Blackstone is the world's largest alternative asset manager, managing approximately $1.1 trillion in assets across various investment vehicles globally. The Blackstone Multi Asset Investing (BXMA) division manages around $88 billion across diversified businesses including portfolio solutions, special situations, mutual funds, and emerging manager seeding platforms. BXMA invests across multiple strategies and asset classes to generate attractive risk-adjusted returns while mitigating downside risks.

The Total Portfolio Management (TPM) business within BXMA manages customized portfolios for families and institutions, aiming to outperform traditional portfolios by leveraging long-term horizons, flexible asset allocations, and robust portfolio construction strategies with an open architecture approach.

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 enhance the client experience. Reporting to the Portfolio Manager, responsibilities include managing a multi-asset portfolio emphasizing asset allocation, portfolio construction, manager selection, performance monitoring, due diligence, and client reporting.

Responsibilities:

• Support investment strategy development and implementation aligned with clients' goals, risk tolerance, and time horizon.
• Assist in asset allocation, portfolio construction, manager selection, and performance monitoring.
• Conduct due diligence and selection of external managers across diverse asset classes including public equity, fixed income, hedge funds, private equity, real assets, and alternatives.
• Utilize technology-driven tools for portfolio analysis, performance monitoring, and client reporting to ensure decision-making efficiency and accuracy.
• Provide training and knowledge sharing with clients.
• Ensure compliance with investment policies and best institutional investing practices.
• Build and maintain relationships with external investment managers.
• Support presentations of investment recommendations and performance updates to clients and leadership.
• Assist with liquidity management, capital budgeting, and financial planning as needed.
• Stay current on market trends, risks, and opportunities relevant to endowment investing.

Qualifications:

• Bachelor's degree in finance, economics, business, or related field.
• 3+ years of relevant investment management experience with endowments, foundations, pension funds, or similar institutional investors.
• Knowledge of investment concepts including portfolio management, asset allocation, and manager due diligence across diverse asset classes.
• Demonstrated ability to develop, articulate, and execute long-term investment strategies.
• Exceptional analytical, communication, and presentation skills.
• High ethical standards, professional integrity, and commitment to institutional mission.

Competencies:

• Strategic and critical thinking
• Relationship management
• Effective communication with both technical and non-technical stakeholders
• Risk assessment and mitigation

Additional Information:

This position’s duties may evolve over time. Expected annual base salary ranges from $150,000 to $160,000 USD, with actual pay dependent on experience, skills, qualifications, and job location. Additional compensation and benefits are offered separately.

Blackstone is an equal opportunity employer committed to diversity and inclusion.