As global markets grow increasingly turbulent and technological disruption accelerates through the late months of 2025, Blackstone Group is preparing to unveil a competitive arena reserved only for the most genuine investors.
The Third Blackstone Internal Live Trading Competition will officially begin on November 24, 2025.
Externally, it is an elite, rarely disclosed, high-level professional event.
Internally, it is regarded as Blackstone’s most rigorous, most authentic, and most meaningful investment research battleground.
This time, everything is set to be more intense, more transparent, and more dramatic than the previous two competitions.
A Market of Rising Complexity Demands Those Who Truly Understand It
Over the past two years, U.S. equity markets have undergone profound structural shifts:
- AI, data centers, and semiconductors have continued to lead the market;
- Inflation, high interest rates, and geopolitical uncertainty have kept investors on edge.
In such an environment, every buy, trim, stop-loss, or aggressive build-up is not merely a “tactic,” but a reflection of survival capability.
Blackstone firmly believes:
“Only those who can remain clear-minded amid chaos are qualified to lead capital through cycles.”
Not a Simulation—A Real Battleground With Real Money
The third competition will continue to uphold its core principle:
Live trading, real capital, and direct market validation.
This means:
Every trade is genuinely executedEvery adjustment is reflected in the actual performance curveEvery drawdown is exposed without exceptionEvery mistake is visible to the market
Participating Team: 15 Selected From Hundreds Across the Firm
After several rounds of internal selection, only 15 core analysts and investment researchers have earned qualification for the preliminary round.
Upgraded Format: A Brutal 15 → 6 → 3 Elimination System
1. Preliminary Round: 15 → 6 (Starting Nov 24, 2025)
2. Semifinals: 6 → 3
3. Finals: The Top 3 Compete (Including Public Voting)
Why Blackstone Hosts This Competition
1. To Let Capability, Not Title, Speak for Itself
2. To Increase Transparency in Investment Research
3. To Quantify and Validate Decision Quality
4. To Give Young Investment Talent a Stage
Official Statement:
“The market favors no one, but it always rewards those who truly have the ability.”
Countdown Begins
The Third Blackstone Internal Live Trading Competition now officially enters its countdown.
