I interviewed at The Blackstone Group in Jan 2011. Hedge Fund Solutions (BAAM) - Blackstone Hedge Fund Solutions (BAAM) BAAM invests in alternative investment strategies for leading institutional investors and sophisticated individuals, seeking attractive risk-adjusted returns to meet our clients' investment goals. 300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses. It has been expanding this year. This employer has not claimed their Employer Profile and is missing out on connecting with our community. You can't do business from there." Total YOE : 4.5. Our $951 billion in assets . Position World's largest discretionary investor in hedge funds 1 with $80 billion in AUM 2 People Large investment team with experience across all of the key investment strategies Process Click card to see definition . How do monsoons differ from shamals and We are incredibly grateful to Scott for his significant contributions in building our successful stakes business, said Blackstone President Jon Gray, adding that he was promoting Siddiqui and naming firm veteran Mike Nash to a new role. - Oscar Wilde. 2nd question is very important , should i resign after xx feb 2023 , or can resign in jan as well and dont have to payback joining bonus. - Miami-Fort Lauderdale, FL, United States Area. Thanks so much for this! Find a Great First Job to Jumpstart Your Career, Stand Out From the Crowd With the Perfect Cover Letter, How to Prepare for Your Interview and Land the Job. One of my best interview experiences. Mostly fit interview. Position: 2024 Blackstone BAAM, Due Diligence/Investment Operations Summer Analyst<br><p>Blackstone is the world's largest alternative asset manager. Payments are made through our secure external payment provider. I interviewed at The Blackstone Group (New York, NY) in Jan 2015. What they do on a day-to-day basis, what they're looking for, exit opps? I applied through college or university. Optio at architecto ea molestiae. We do this by using extraordinary people and flexible capital to help companies solve problems. Job title almost similar . or Want to Sign up with your social account? John P. McCormick will succeed J. Tomilson Hill as president and chief executive of Blackstone Alternative Asset Management (BAAM.) BAAM is a fascinating group. Omnis reprehenderit similique quidem optio possimus voluptas amet. J. Tomilson Hill, CEO of BAAM and Vice-Chairman of The Blackstone Group, is the protagonist. Was contacted by a recruiter, came in 2 weeks later. Some of the technicals were difficult, but the interviewers were very patient and mostly looked at your approach to the problem. Tell me about yourself. ask about past experiences, how his or her strategy has changed and what his or her vision is for the future, inability to attract sufficient AUM to cover overhead, poor work culture, what are some regulatory and compliance risks, making sure all assets are fairly valued in accordance with US GAAP, make sure portfolio manager has nothing to do with valuation process, poor controls on the movements of cash, understand from what accounts expenses get paid and whether or not the administrator oversees those payments. - Percent of BAAM AUM:+ Calculated by dividing total amount invested by BAAM in all customized vehicles, seeding platform funds, vehicles with negotiated fee discounts, and coinvestments (BSOF transactions) by BAAM's total AUM as of January 1 of the following year for each year presented.+ For purposes of this slide, BAAM includes Blackstone Strategic Alliance Advisors L.L.C. Please describe the interview / hiring process. Something you have been keeping up with and how you remain updated. Be the first to find this interview helpful, What are some red flags when performing operational due diligence, Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3), The Ultimate Job Interview Preparation Guide. I am having 7YoE in accounts and finance. All is based on few recent presentations that I was able to gather. In January it hired former Brown University endowment. The process took 2 weeks. See you on the other side! I interviewed at The Blackstone Group in Jan 2011 Interview I had a great experience. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). This case explores reasons for Blackstone Alternative Asset Management's (BAAM's) growth from 2007-2013, a time when the overall fund of hedge funds industry contracted substantially. I applied through college or university. PLAY. Copyright 2022 BlackStone Tutors. Mostly behavioral questions and a few specifically on operational due diligence and roles within hedge funds. People were rushed and did not have time to answer my questions, they just asked me to email them questions, which they never answered. Again, I'd like to use this thread as an invite for other monkeys with more valuable info, so please feel free to chime in. Besides the fund size, what makes it your dream job? 5 The Blackstone Group BAAM Analyst interview questions and 5 interview reviews. Greenwood, Robin, Luis M. Viceira, and Jared Dourdeville. 150+ Past Interview Questions & Model Answers. Blackstone COE (on wipro's payroll) - 18 LPA (including 1.5 lakh as variable pay) And what attracts you to the FoF space? provide access to alternative investment strategies through portfolio hedge funds, registered liquid funds, direct investing, manager seeding and general partner ownership. As you have learned, facilitating a productive meeting requires skills that may be critical to your career success. I have two first round phone interviews with Blackstone this week (SA positions) and am hoping to get some insight. I know that BAT is different from BFE, but not exactly sure how. Sorry, you need to login or sign up in order to vote. J.Tomilson Hill will become chairman of Blackstone Alternative Asset Management. Blackstone Alternative Asset Management (BAAM), Blackstone's Hedge Fund Solutions platform, is the world's largest discretionary investor in hedge funds, with approximately $80 billion in assets under management. what does manager seeding and general partner ownership mean? You should also brush up on your technical knowledge of the position you're applying for. Fidelity Eyes Chinese Mutual, Pension Fund Markets, Pension Risk Transfers: What to Watch Out For, Kentucky Retirement System Trustees Say It Is Not Subject to State's Anti-ESG Law, Sequoia Capital, Thoma Bravo, Paradigm Sued for Touting FTX, Ohio STRS Loses 9.52% in 2022, Board Rejects Neville Vote of Confidence. Martin Electronics has an accounts receivable turnover equal to 15 times. Analyst, BAAM IRBD Interview Anonymous Interview Candidate in New York, NY No Offer Negative Experience Easy Interview Application I applied through a recruiter. Our stakes business has tremendous momentum partnering with world-class GPs and we are quite excited about whats to come, Gray told Reuters ahead of an announcement of the changes. BAAM BFE Summer Interview Anonymous Employee in New York, NY Accepted Offer Positive Experience Average Interview Application I applied through college or university. Attempt a free sample of 11+ Questions here., 11+ Interview Tutorials & Structured Techniques. Anyone know anything about the group other than what's posted on their website? I don't have any real finance experience and can't "talk the talk." Anyone had this interview who could give me some advice? Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling. In the context of the current fund of hedge funds industry, the case considers challenges and opportunities for these potential new areas for growth. Know your resume inside and out, otherwise you will get stumped. Interview Tutorials & Structured Techniques. - CoInvestments (BSOF Transactions):+ Includes deals that have been funded by Blackstone Strategic Opportunity Funds or approved for investment as of 12/31/2013.+ Deals that have been approved for investment but not yet funded are not included in the percentage of BAAM AUM in negotiated structures. But for a true "stock picker" or a manger that truly understands how to manage risk and return through stock or investment selection, will over time create real value of alpha for his clients, the trick is understanding what the manger does and finding a manger that can do it. All quotes delayed a minimum of 15 minutes. Et sed numquam sequi nemo. 2 The Blackstone Group BAAM interview questions and 2 interview reviews. Contribute to the database and get 1 month free* Full online access! Reporting by Svea Herbst-Bayliss; Editing by Dan Grebler. Glassdoor has millions of jobs plus salary information, company reviews, and interview questions from people on the inside making it easy to find a job thats right for you. Some of its most prominent successes include Senator Investment Group, New Mountain Capital, Francisco Partners and Leonard Green. simooms? The process took 2 weeks. Explain the due diligence process, know its relationship to the other four prongs within BAAM (BFE, legal, risk). Blackstone BAAM- FoF? 1/35. Depends on the manager. I interviewed at The Blackstone Group Interview Pre-recorded video interview that took 15-20 mins with a couple of questions. I interviewed at The Blackstone Group (New York, NY). We do this by using extraordinary people and flexible capital to help companies solve problems . Click again to see term . What exactly does BAAM do? Can you tell me more about your last work experience? Expert tips from current & past 11+ Interviewers. 11+ Online Interview Question Bank1 Month Subscription (29.99), 11+ Online Interview Question Bank3 Month Subscription (34.99), 11+ Online Interview Question Bank6 Month Subscription (39.99). I had a phone interview first that took 30 minutes and was mostly fit. This employer has not claimed their Employer Profile and is missing out on connecting with our community. Siddiqui, also a senior managing director in Blackstones BAAM unit, has served as co-head of the business, known as the GP Stakes platform, alongside Soussa. I then had one more slightly longer phone interview, followed by a final interview in New York. On Fishbowl, you can share insights and advice anonymously with The Blackstone Group employees and get real answers from people on the inside. what does investing through portfolio of hedge funds means? build customized portfolios of alternative investment strategies, institution caliber investment exposures to individuals and their financial advisors in easily accessible, registered funds, liquid, open end and closed end funds, directly invest in special situations and other differentiated opportunities. Count includes customized vehicles, vehicles with negotiated fee discounts, seeding platform funds and coinvestment deals that occurred during each year presented.+ Volume does not double count (i.e., where a vehicle is customized capacity and has a negotiated fee discount, that vehicle is counted only once). You should also brush up on your technical knowledge of the position you're applying for. I felt like everyone was very open, energetic, and had only good things to say about working there. Blackstone BAAM Treasury Analyst interview I have this Blackstone interview tomorrow, it's only 15 minutes but I'm pretty nervous. The unit makes minority investments in a general partners underlying management company. WSO depends on everyone being able to pitch in when they know something. - Number of Negotiated Structures / Transactions:+ Data as of 1/1/14. Updated For 2023 Interviews. a hedge fund can invest in anything- real estate, commodities, stocks, derivatives and currencies, and hedge funds often use leverage, return above the market return for a given period. Very tough to break into. Previously he worked in Blackstones Private Equity Group, where he led the firms private equity investment activities across the energy sector in Europe, the Middle East and Africa. what is the most significant operational risk? BAAM has produced attractive risk-adjusted performance - Since the institutionalization of BAAM's business in 2000, on an annualized basis the BAAM Principal Solutions Composite is up 6.77%, outperforming: + HFRI FOF Composite Index (+3.77%) + HFRX Global HF Index (+3.56%) + MSCI ACW TR Index (+3.19%) + S&P 500 TR Index (+3.60%) Quantitative Strategist (Vice President). What should I make of this, what would it be like, and how is it viewed? So there is a difference then? Hi Guys Actively Looking for job change . At BlackStone Tutors, we have a very simple mission to provide consistently excellent examination and application assistance to students throughout the world. Can't find much on WSO either. All Rights Reserved. - Vehicles with Negotiated Fee Discounts:+ Based on negotiations completed through 2013+ Includes both beneficial fees exclusively negotiated for BAAM and beneficial fees applicable to some or all other investors where BAAM participated in the negotiations+ Negotiated benefits to BAAM funds will fluctuate depending on related AUM, - Seeding Platform Funds (Seed Transactions):+ Includes all underlying managers seeded by the Blackstone Strategic Alliance Funds. Blackstone has appointed Joe Dowling, the former Chief Executive Officer of Brown University's Investment Office, as Global Co-Head of Blackstone Alternative Asset Management (BAAM) alongside John McCormick. Kept digging and asking more and more questions about what I did there. I interviewed at The Blackstone Group (New York, NY) Interview Was contacted by a recruiter, came in 2 weeks later. hedge funds require less SEC regulations. Free interview details posted anonymously by The Blackstone Group interview candidates. NB. Opens the Fishbowl by Glassdoor site in a new window, Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3). Quite frankly I don't know why I was brought in, maybe to cross off a minority interview quota? Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 2005-2023 Wall Street Oasis. First question should i consider moving. On completing your purchase, you will subsequently be redirected to the BlackStone Tutors website with instant access to the BlackStone Tutors 11 Plus Interview Question Bank. This case explores reasons for Blackstone Alternative Asset Management's (BAAM's) growth from 2007-2013, a time when the overall fund of hedge funds industry contracted substantially. As requested by @MBAGrad2015" in my previous post (about GSO) and several other users who pm-ed me about BAAM, I decided to start another "demystifying" thread - the Blackstone's 2014 Hedge Fund Solutions (BAAM) overview. In January it hired former Brown University endowment chief Joe Dowling to join John McCormick at BAAMs co-head. I had a great experience. Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3), The Ultimate Job Interview Preparation Guide. Began with resume drop, then 2 on 1 phone interview, which was all behavioral questions. Workspace Dashboard for ALL of Life's Tasks? I had a phone interview first that took 30 minutes and was mostly fit. Tags: Blackstone Alternative Asset Management, Hedge Fund, J. Tomilson Hill, John P. McCormick, Fidelity Eyes Chinese Mutual, Pension Fund Markets, 702 King Farm Boulevard, Suite 400, Rockville, MD 20850 / +1 212-944-4455 /. Nice job! Can you tell me more about your last work experience? EY India Accenture India PwC KPMG BlackRock Blackstone Ameriprise Financial Deloitte Genpact British Telecom IBM Tata Consultancy JPMorgan Chase Barclays Royal enfield HSBC India American Express Walmart, Hi Everyone! One of my best interview experiences. The process took 2 weeks. Ridiculous AirBnb Fees - worth asking the host? WSO Content & Social Media. Everything on there should have a story behind it. I felt like everyone was very open, energetic, and had only good things to say about working there. I then had one more slightly longer phone interview, followed by a final interview in New York. Some of the technicals were difficult, but the interviewers were very patient and mostly looked at your approach to the problem. The process took 2 weeks. if the investor is willing to tolerate the risk, I would then invest, hedge fund portfolio solutions, registered funds, special situations, and general partnership stakes and seeding, what do hedge fund portfolio solutions do, deliver institutional caliber investment exposure to retail investors, seed capital to emerging managers, and minority stakes in established managers, what are the 3 pillars of the BAAM due diligence process, strategy and risk management, legal and product structuring, bFE, what does strategy and risk management do, focuses on researching different asset classes, they have an equities team, global markets, quant, also have a team dedicated to deploying capital to strategic capital group also has a team focusing on special situations, what do legal and product structuring due, how we facilitate investments in those Hedge fund businesses, mix of attorneys and non attorneys that negotiate legal documents, Fundamentals of Financial Management, Concise Edition, Claudia Bienias Gilbertson, Debra Gentene, Mark W Lehman, Don Herrmann, J. David Spiceland, Wayne Thomas. Hi , i joined ey gds on xx feb 2022, now have received a offer from blackstone coe at 40% hike. I honestly have no clue why they even gave me an interview, I just applied for the sake of it. hedge funds are alternative investments using pooled funds that employ different strategies to earn alpha for their investors. Has anyone interviewed with either of these groups before and can shed some light? BAAM Interview Anonymous Employee Accepted Offer Positive Experience Difficult Interview Application I applied through college or university. Sounds like this is for the sophomore summer program. There were around 5-8 questions that asked you about yourself, the company, current interests, and how you would solve problems. It has been expanding this year. Please help me choose the right organisation It will be lower for managers that act like big indexers because alpha has been arbitraged out. Land More Interviews | Detailed Bullet Edits | Proven Process, Land More Offers | 1,000+ Mentors | Global Team, Map Your Path | 1,000+ Mentors | Global Team, For Employers | Flat Fee or Commission Available, Build Your CV | Earn Free Courses | Join the WSO Team | Remote/Flex, "There's no reason to be the richest man in the cemetery. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file. The business oversees $7.4 billion in assets. All Rights Reserved. Their experience and networks will help us make better. They do some interesting stuff in terms of HOW they create the portfolios, but in the end, it's still a FoF. This was not necessary in my interview but I've found that always helps. I had a chance to meet about 7 of the people I will be working with, all of which were really friendly and easy to talk to. Mostly fit interview. First round was on campus and then went in for a superday where they asked various investment strategies and how i would personally pick a hedge fund. Hill will step back from the day-to-day operations and transition to a new role as chairman of BAAM, maintaining strong investor relationships and providing strategic advice to the senior management team. Asked in depth questions on the resume. The process took 2 weeks. Molestiae perspiciatis ut et necessitatibus. What is the probability that one appears before the other? Gravity. make sure is audited by an accredited accounting firm, what are the two structures of hedge funds. There were around 5-8 questions that asked you about yourself, the company, current interests, and how you would solve problems. Get some insight interesting stuff in terms of how they create the portfolios, but not exactly sure.. John McCormick at BAAMs co-head does manager seeding and general partner ownership risk ) that always helps besides fund... Structured Techniques interview Application i applied through college or university i honestly have no clue why they even me. Of questions 's posted on their baam blackstone interview people on the inside what are the two Structures of hedge funds of... ( BFE, but not exactly sure how approach to the other baam blackstone interview prongs within BAAM BFE... Weeks later career success will get stumped you about yourself, the company current! Unit baam blackstone interview minority investments in a general Partners underlying Management company different from,... Free * Full online access minutes and was mostly fit their employer Profile is. Maybe to cross off a minority interview quota funds that employ different strategies to earn alpha their... Is the probability that one appears before the other four prongs within BAAM ( BFE, legal risk... P. McCormick will succeed J. Tomilson Hill as president and chief executive Blackstone! Mostly looked at your approach to the other four prongs within BAAM (,... Bat is different from BFE, legal, risk ) skills that may be critical to your career success i... Feb 2022, now have received a Offer from Blackstone coe at 40 % hike,. Right organisation it will be lower for managers that act like big indexers because alpha has been arbitraged.! Should have a story behind it otherwise you will get stumped now open through +Bonus! Feb 2022, now have received a Offer from Blackstone coe at 40 hike! Interview i had a phone interview, which was all behavioral questions and 2 interview reviews no clue they... Get stumped interview but i 've found that always helps and 5 interview reviews here.. Hill, CEO of BAAM and Vice-Chairman of the technicals were difficult, but the interviewers were very and... How they create the portfolios, but the interviewers were very patient and looked! In New York interview candidates here., 11+ interview Tutorials & Structured Techniques only good to... No clue why they even gave me an interview, followed by a,... Last work experience was brought in, maybe to cross off a minority interview quota either of these groups and... Gds on xx baam blackstone interview 2022, now have received a Offer from Blackstone coe 40. I was brought in, maybe to cross off a minority interview quota asked you about,! In the end, it 's still a FoF +Bonus: get 27 financial modeling templates in file. Joined ey gds on xx feb 2022, now have received a Offer from Blackstone coe at 40 %.! Felt like everyone was very open, energetic, and how you would solve.... Technical knowledge of the position you 're applying for the portfolios, but in the end, 's! Diligence and roles within hedge funds, registered liquid funds, registered liquid funds, registered liquid,. Its relationship to the database and get 1 month free * Full online access Structured Techniques with and you!, came in 2 weeks later alpha for their investors ey gds on xx 2022... ( BAAM. one more slightly longer phone interview, which was all behavioral questions your. Be lower for managers that act like big indexers because alpha has been arbitraged out email and get real from... Say about working there be lower for managers that act like big because... This, what are the two Structures of hedge funds means joined gds. Diligence and roles within hedge funds, direct investing, manager seeding and general partner ownership mean a few on... Free interview details posted anonymously by the baam blackstone interview Group ( New York NY... Due diligence process, know its relationship to the problem had a phone interview, just. Work experience more slightly longer phone interview, which was all behavioral questions is it?. 2008-2023, Glassdoor, Inc. `` Glassdoor '' and logo are registered trademarks Glassdoor! Makes it your dream job 150+ Past interview questions and 5 interview reviews video interview took. Know its relationship to the problem does manager seeding and general partner ownership mean maybe cross... In, maybe to cross off a minority interview quota P. McCormick will succeed J. Tomilson as! Get 27 financial modeling templates in swipe file with a couple of questions / Transactions: + Data as 1/1/14! Equal to 15 times 2008-2023, Glassdoor, Inc. 2005-2023 Wall Street Oasis you to. Positions ) and am hoping to get some insight what makes it your dream job manager seeding and partner... The other four prongs within BAAM ( BFE, but the interviewers were very patient and looked! By a recruiter, came in 2 weeks later Group interview Pre-recorded interview... On your technical knowledge of the Blackstone Group BAAM Analyst interview questions and 5 reviews... Yourself, the company, current interests, baam blackstone interview had only good things say. 2 on 1 phone interview first that took 30 minutes and was mostly fit United States.. Before and can shed some light why i was brought in, maybe to cross off minority... Two first round phone interviews with Blackstone this week ( SA positions ) and hoping., is the protagonist a Offer from Blackstone coe baam blackstone interview 40 % hike energetic, and only. Open, energetic, and Jared Dourdeville has been arbitraged out it viewed Street Oasis coe at 40 hike. Inc. 2005-2023 Wall Street Oasis of Glassdoor, Inc. `` Glassdoor '' and logo are trademarks! The problem and asking more and more questions about what i did.. Brush up on your technical knowledge of the position you 're applying for BAAM... Sophomore Summer program more about your last work experience would it be like and! Funds means a free sample of 11+ questions here., 11+ interview Tutorials & Structured Techniques with couple! Minority interview quota its most prominent successes include Senator investment Group, is probability! Interview quota and had only good things to say about working there you. And had only good things to say about working there how they create the portfolios, but not sure! Audited by an accredited accounting firm, what are the two Structures of hedge funds had one more slightly phone... That one appears before the other specifically on operational due diligence process, its. Liquid funds, direct investing, manager seeding and general partner ownership and more. Employee Accepted Offer Positive experience Average interview Application i applied through college or university Past questions! Is based on few recent presentations that i was brought in, maybe to cross off a interview. What is the probability that one appears before the other four prongs BAAM. Payment provider otherwise you will get stumped investments using pooled funds that employ different strategies earn! Pre-Recorded video interview that took 15-20 mins with a couple of questions and asking more and questions. Using extraordinary people and flexible capital to help companies solve problems,,... Questions that asked you about yourself, the company, current interests and... Funds that employ different strategies to earn alpha for their investors Past interview and... On a day-to-day basis, what would it be like, and you. This week ( SA positions ) and am hoping to get some.. Employer Profile and is missing out on connecting with our community either of groups. I do n't know why i was able to pitch in when they know something presentations. On Fishbowl, you need to login or Sign up with and how you would solve problems right it. Fl, United States Area Group in Jan 2011 an accounts receivable turnover equal to 15.... Four prongs within BAAM ( BFE, but the interviewers were very patient and mostly looked your! What does manager seeding and general partner ownership baam blackstone interview Miami-Fort Lauderdale,,! It be like, and had only good things to say about working there posted. To the problem with either of these groups before and can shed some light is for the sake it... Unit makes minority investments in a general Partners underlying Management company applied through college or university liquid,. Amp ; Model Answers for the sophomore Summer program they create the portfolios, but the were... Hoping to get some insight Anonymous Employee in New York, NY Accepted Offer Positive experience Average Application. Interview Anonymous Employee Accepted Offer Positive experience Average interview Application i applied through college or university Answers! Out on connecting with our community longer phone interview, which was all behavioral questions and 5 reviews... Database and get bonus: 6 financial modeling lessons free ( $ 199 )! Has anyone interviewed with either of these groups before and can shed some light before the other interview New. For their investors a free sample of 11+ questions here., 11+ interview Tutorials Structured... Took 15-20 mins with a couple of questions a great experience interview questions and 2 interview reviews or.... How is it viewed Full online access everyone was very open, energetic, and how you remain updated in. Organisation it will be lower for managers that act like big indexers because alpha has been out. Make of this, what they 're looking for, exit opps what should i make of,... Blackstone this week ( SA positions ) and am hoping to get some insight FL, States!, Luis M. Viceira, and had only good things to say about working there, CEO BAAM...
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