Steven Saslow is a consultant for the Blackstone Group investment firm in New York City. Steven Saslow has worked with Blackstone since 2002, when he joined the company to develop its first in-house hedge fund. Outside of work, Mr. Saslow mentors business school students at Rutgers College, his alma mater, through the Road to Wall Street program.
Designed to acclimatize future graduates to a Wall Street career, the competitive program pairs students with successful alumni and includes counseling, skills training, networking, and interview preparation.
During the Spring months, Road to Wall Street offers weekly boot camps geared toward readying sophomores for summer internship interviews. The students also take part in a second two-day session, held in the fall. Time with their mentors includes site visits to learn more about what it is like to work on Wall Street.
To be accepted into the program, students must have a minimum 3.3 GPA and prepare a cover letter and resume. Applicants may be pursuing any major, including liberal arts.
After a long career in finance, former Blackstone executive Steven Saslow maintains ties with the company as a consultant to BAAM, Blackstone’s hedge fund solutions group. Managing over $60 billion in fund assets, Steven Saslow and BAAM have withstood a volatile financial market over the course of 2015.
For many fund managers, 2015 was a rollercoaster year. Ultimately, most ended up in the same position as they began the year. For example, the largest stock funds saw just a 1.2 percent increase as of December 30, 2015. Strong-growth stocks were rare commodities. Having climbed out of the recession, many companies are predicting flat-results forecasts.
Emerging-market stocks were some of the worst performers last year, losing almost 14 percent on average. Compounding the issue, the Federal Reserve announced its first short-term rate increase in almost 10 years last December. New banking regulations appear to be propelling the volatility, as withdrawals from market-making capital in investment banking seem to be on the rise.
The outlook for 2016 forebodes much of the same as from the year before. Investors should be ready for continued volatility and slow growth, analysts say.