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Blackstone

Global alternative asset manager and investor

Trading Assistant, Associate - Total Portfolio Management, Trading Assistant

Full-TimeUpdated on 10/23/2026
$110k - $160k/yr
Junior
New York, NY, USA
In Person
Finance & BankingProp & Hedge Fund Trading

About the job

Requirements
  • At least 2 years of buy-side experience.
  • Strong market awareness across asset classes.
  • Experience operating with precision under pressure.
  • Strong analytical skills and attention to detail.
  • Comfort handling time-sensitive tasks and coordinating across operations and compliance teams.
Responsibilities
  • Support traders and portfolio managers with daily execution workflows across equities, fixed income, derivatives, foreign exchange, and multi-asset strategies.
  • Monitor live markets, news flow, economic releases, and portfolio exposures throughout the trading day.
  • Assist with trade booking, allocation, reconciliation, and settlement coordination.
  • Maintain and update internal risk, profit and loss, and position reports.
  • Ensure trade compliance with internal mandates and regulatory requirements.
  • Coordinate with brokers, custodians, operations, and middle-office teams to resolve breaks and operational issues.
  • Prepare pre-trade and post-trade analytics, including liquidity, exposure, and performance analysis.
  • Support maintenance of trading models, dashboards, and market-monitoring tools.
  • Contribute to technology-led process improvement initiatives to increase efficiency and reduce operational risk.
  • Support ad hoc research and market analysis for investment teams.

About the company

Blackstone manages alternative assets for institutions and individuals, specializing in private equity, real estate, and credit investments. It mobilizes capital through vehicles like BREIT and BCRED and deploys into real estate, loans, and private securities to generate income and growth. The company distinguishes itself by its global scale, broad product suite, and access created through partnerships with financial advisors and wealth managers. Its goal is to build and manage industry-leading businesses and assets to deliver durable, long-term returns for investors.

Company Size

5,001-10,000

Company Stage

IPO

Headquarters

New York City, New York

Founded

1985

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Simplify's Take

What believers are saying

  • July 2026 inflows reached $68.3 billion, with $262.5 billion over twelve months.
  • Blackstone launched BXPM in 2026, broadening non-U.S. wealth access to private markets.
  • VoltaGrid, Eurowind, and AI data-center bets align Blackstone with power scarcity.

What critics are saying

  • Joe Baratta exits in 2026, removing Blackstone's private-equity steward during succession.
  • IDP rejected Blackstone's A$694.7 million bid on September 22, 2026.
  • A prolonged BREIT or BCRED run would freeze Blackstone's retail fundraising engine.

What makes Blackstone unique

  • Blackstone ran $1.35 trillion AUM in July 2026, dwarfing alternative managers.
  • Its perpetual wealth funds, BREIT and BCRED, lock in sticky retail capital.
  • Blackstone pairs private equity, credit, real estate, and infrastructure inside one platform.

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Benefits

  • Professional Development Budget
  • Flexible Work Hours
  • Remote Work Options
  • 401(k) Company Match
  • Paid Vacation
  • Mental Health Support
  • Wellness Program
  • Paid Sick Leave
  • Paid Holidays
  • Employee Discounts
  • Company Social Events

Company News

Yahoo Finance
Oct 22nd, 2026
Blackstone shares jump 5.3% as $63B inflows offset 13% earnings drop

Blackstone shares rose 5.26% to $115.34 on Thursday, even though the alternative-asset manager reported weaker third-quarter distributable earnings. Investors focused on strong fundraising and recurring fees. Distributable earnings fell 13% to $1.32 per share, and net realisations dropped 34% to about $332 million as investment exits slowed. Net inflows topped $63 billion, lifting assets under management to $1.37 trillion. Fee-related earnings rose 6%, softening the hit from weaker investment-sale profits. Blackstone now needs to turn more investments into realised profits while keeping new capital coming in.

DealStreetAsia
Oct 22nd, 2026
Blackstone eyes AI financing boom, with 7% of its $1.4T assets already exposed

Blackstone sees growing opportunities to finance artificial intelligence (AI) infrastructure, from chips and computing equipment to power generation and data centres. "The needs of capital here are so enormous. It's unprecedented in our lifetimes," President Jon Gray said on the firm's third-quarter earnings call. The firm is reportedly committing $9 billion to a junior-debt tranche in an $18 billion financing package for Anthropic's AI chips and computing infrastructure, part of a broader $60 billion arrangement. In June, its Credit & Insurance business joined a $35 billion financing launched by Apollo and Broadcom for Anthropic. Blackstone is also weighing dedicated investment vehicles alongside broader funds. About 7% of its $1.4 trillion in assets under management is exposed to AI infrastructure. Gray said the firm focuses on physical infrastructure and long-term contracted assets to manage risks such as technological obsolescence.

CNBC
Oct 22nd, 2026
Blackstone's Gray says CoreWeave will "find a way through" financing strain on $51.6B debt

Blackstone president and chief operating officer Jon Gray says CoreWeave will "find a way through" its financing pressure. He told CNBC the neocloud company has a talented chief executive officer and a strong underlying business. CoreWeave's stock has fallen 14% over the past week, while bond yields and credit default swap spreads have risen. The company has roughly $51.6 billion in total debt, including about $35 billion in notes, bonds, and loans. Gray said demand for computing power is strong, with compute pricing up 50% for neoclouds that get through. Their legacy chips are worth more than expected, he added, and their data centres are leased below market. Blackstone reported third-quarter revenue of $3.22 billion, below the $3.28 billion analysts expected. Adjusted earnings of $1.32 per share beat the $1.26 estimate.

TechCrunch
Oct 21st, 2026
Blackstone's Khaira says AI-buildout debt fears are overblown as it backs compute with $1.3T in assets

Blackstone executive Jas Khaira says fears over AI infrastructure debt are overblown. Speaking at TechCrunch Disrupt, he said most data centre debt is backed "by the most creditworthy companies in the world," since hyperscalers are the main customers. Blackstone, which manages $1.3 trillion in assets, lends to neoclouds, cloud providers that rent out AI chips. Its first such deal was a $2.3 billion loan to CoreWeave in 2023. This year it co-led a $10 billion credit facility for Firmus with Coatue. Worries have grown as rates rise. CoreWeave's debt is about $50 billion, and its shares fell over 20% in recent days. Firmus scrapped its planned IPO at a roughly $30 billion valuation. "This doesn't feel like something where you've got 2008 banks that are shaky credits," Khaira said.

Bloomberg
Oct 21st, 2026
Stripe nears lease for London office space owned by Blackstone

Stripe is close to signing a lease for space at a London office owned by Blackstone, as the fintech company expands rapidly.