baam blackstone interview
J.Tomilson Hill will become chairman of Blackstone Alternative Asset Management. Nice job! Workspace Dashboard for ALL of Life's Tasks? One of my best interview experiences. Know your resume inside and out, otherwise you will get stumped. I honestly have no clue why they even gave me an interview, I just applied for the sake of it. what does manager seeding and general partner ownership mean? Additionally, the case analyzes evolving business models and value propositions within the fund of hedge funds industry. provide access to alternative investment strategies through portfolio hedge funds, registered liquid funds, direct investing, manager seeding and general partner ownership. The process took 2 weeks. Expert tips from current & past 11+ Interviewers. Position: 2024 Blackstone BAAM, Due Diligence/Investment Operations Summer Analyst<br><p>Blackstone is the world's largest alternative asset manager. The process took 2 weeks. how would you conduct due diligence on a hedge fund? Et sed numquam sequi nemo. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. 3.2,3.2,3.5,3.7,3.43.2,3.2,3.5,3.7,3.4 Interviews at The Blackstone Group Experience Positive 67% Negative 33% Getting an Interview Applied online 75% Campus Recruiting 25% Difficulty 3.0 Average Hard Average Easy Interviews for Top Jobs at The Blackstone Group Analyst (52) Summer Analyst (44) Software Engineer (21) Intern (20) See more interviews for top jobs This employer has not claimed their Employer Profile and is missing out on connecting with our community. I would ask for the fund's legal documents for onshore and offshore vehicles, organizational chart and biographies of key personnel, marketing deck, performance history, net assets history, history of AUM, last two years of audited financial statements, valuation policy, compliance manual etc, I would then conduct on site due diligence to interview key personnel, see how the firm operates on a day to day basis, contact the fund administrator to confirm all the information is valid, then write an assessment of the non investment risks, weigh them alongside instrument related risks against the expected return of the investment. ( as in joining bonus they have mentioned one year of continued services). 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. 150+ Past Interview Questions & Model Answers. 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! 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. One of my best interview experiences. 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. 2005-2023 Wall Street Oasis. BOSTON (Reuters) - Blackstone Group said on Friday that Scott Soussa, who co-heads the hedge fund and private equity stakes business, has decided to leave the firm and that Mustafa Siddiqui, who co-heads the business, will be the sole head of the Strategic Capital Holdings unit. 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. An excellent post with meaningful content that is relevant to the community. 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 the technicals were difficult, but the interviewers were very patient and mostly looked at your approach to the problem. Optio at architecto ea molestiae. Explain in a sort of case study format of how you would go about deciding whether to invest in a hedge fund (baam is a fund of hedge funds, not a hedge fund itself remember). Martin Electronics has an accounts receivable turnover equal to 15 times. BAAM is a fascinating group. I had a great experience. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. They're the world's largest fund-of-funds. John P. McCormick will succeed J. Tomilson Hill as president and chief executive of Blackstone Alternative Asset Management (BAAM.) Our $951 billion in assets . Tell me about yourself. I interviewed at The Blackstone Group (New York, NY) in Jan 2015. Was interviewed for 15 minutes by 2 MDs and 1 VP. It's a fund of funds, but they hate that term. I applied through college or university. Free interview details posted anonymously by The Blackstone Group interview candidates. Please help me choose the right organisation Dowling will oversee BAAM's investment activities going forward, while McCormick will oversee BAAM's business and investor functions. New York, March 15, 2021 - Blackstone (NYSE:BX) today announced that Scott Bommer has joined the firm as the Chief Investment Officer of the new Blackstone Horizon platform, an initiative being launched by Blackstone Alternative Asset Management (BAAM). Copyright 2022 BlackStone Tutors. The process took 2 weeks. Omnis reprehenderit similique quidem optio possimus voluptas amet. Match. Earlier this month BAAM hired former hedge fund manager Scott Bommer to run the newly launched Blackstone Horizon platform, which will invest in money managers targeting fast-growing private and public companies. First question should i consider moving. 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. - Miami-Fort Lauderdale, FL, United States Area. Soussa, a senior managing director in the companys Blackstone Alternative Asset Management unit (BAAM), is leaving for another opportunity but has agreed to remain at Blackstone until the end of the year. Depends on the manager. 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. 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. All Rights Reserved. Pre-recorded video interview that took 15-20 mins with a couple of questions. What is the probability that one appears before the other? or real AM (Originally Posted: 11/28/2011), Their descriptions is a big vague in that their PMG 'selects hedge fund managers for their portfolios, but also constructs BAAM's own portfolio's". Kept digging and asking more and more questions about what I did there. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Private Equity, Asset Management, Hedge Funds, Investment Banking. Mostly fit interview. what is the most significant operational risk? Quite frankly I don't know why I was brought in, maybe to cross off a minority interview quota? Very tough to break into. This employer has not claimed their Employer Profile and is missing out on connecting with our community. 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. Some of the technicals were difficult, but the interviewers were very patient and mostly looked at your approach to the problem. Interview Tutorials & Structured Techniques. Find the modes, medians, and means of the scores. Please describe the interview / hiring process. - Number of Negotiated Structures / Transactions:+ Data as of 1/1/14. 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%) Gravity. Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3), The Ultimate Job Interview Preparation Guide. The process took 5 days. I applied through college or university. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). 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. People were very dry and barely asked anything of substanceexplain your background but nothing about my previous projects, skills, personality or the hedge fund industry/markets/strategies. Blackstone is the world's biggest investor in hedge funds and its BAAM unit manages $79 billion in assets. I felt like everyone was very open, energetic, and had only good things to say about working there. 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. Interview Questions Tell me about yourself. MAQ Software with 13.5 LPA simooms? NB. Ridiculous AirBnb Fees - worth asking the host? 2005-2023 Wall Street Oasis. Accenture 16 LPA ( Including 2.59 Lakh as variable pay) Payments are made through our secure external payment provider. or Want to Sign up with your social account? Can you tell me more about your last work experience? or Want to Sign up with your social account? Analyst, BAAM IRBD Interview Anonymous Interview Candidate in New York, NY No Offer Negative Experience Easy Interview Application I applied through a recruiter. Flipping a coin infinitely many times, does the pattern HHT or HTH is more likely to appear? On Fishbowl, you can share insights and advice anonymously with The Blackstone Group employees and get real answers from people on the inside. Blackstone Alternative Asset Management (BAAM) has partnered with some of the world's leading investors since 1995. Additionally, the case analyzes evolving business models and value propositions within the fund of hedge funds industry. All quotes delayed a minimum of 15 minutes. All is based on few recent presentations that I was able to gather. 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 Make sure to research what specifically this team does and how operational due diligence works specifically at Blackstone. All Rights Reserved. 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. 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). Dolorem ipsa sapiente temporibus autem. Nash, who co-founded Blackstone Real Estate Debt Strategies, will become chairman of the GP Stakes platform. Typical superday in the office with 4 1 on 1 interviews. - Customized Capacity Vehicles:+ Includes funds where BAAM is the sole external investor and funds with which BAAM has negotiated guaranteed capacity. 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. - Miami-Fort Lauderdale, FL, United States Area. Flipping a coin infinitely many times, does the pattern HHT or HTH is more likely to appear? Anyone know anything about the group other than what's posted on their website? Would you say that the two are similar or have you heard of what the summer program is like? Besides the fund size, what makes it your dream job? Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3). In January it hired former Brown University endowment chief Joe Dowling to join John McCormick at BAAMs co-head. Anonymous Interview Candidate in New York, NY, I applied online. What they do on a day-to-day basis, what they're looking for, exit opps? hedge funds require less SEC regulations. What exactly does BAAM do? Want Access to these Blackstone Group Interview Insights? 3.2,3.2,3.5,3.7,3.4, provide access to alternative investment strategies through portfolio hedge funds, registered liquid funds, direct investing, manager seeding and general partner ownership. What should I make of this, what would it be like, and how is it viewed? 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. How do monsoons differ from shamals and The business oversees $7.4 billion in assets. what does investing through portfolio of hedge funds means? Position: 2024 Blackstone BAAM, Investment Summer Analyst<br><p>Blackstone is the world's largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. I had interviewed in the past for a Real Estate IRBD role and this team was the complete opposite, very friendly and eager to interview me. You should also brush up on your technical knowledge of the position you're applying for. I had a phone interview first that took 30 minutes and was mostly fit. 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. Was contacted by a recruiter, came in 2 weeks later. I interviewed at The Blackstone Group in Jan 2011. Please help me with referal. 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. Everything on there should have a story behind it. I interviewed at The Blackstone Group (New York, NY) Interview Was contacted by a recruiter, came in 2 weeks later. You should also brush up on your technical knowledge of the position you're applying for. can issue an unlimited number of shares, open end shares do not trade on exchanges and are priced at their portfolio's net asset value at the end of each day, portfolio of pooled assets that raises a fixed amount of capital through an IPO and then lists acres for trade on a stock exchange, after the IPO, the fund's parent company issues no additional shares, tends to be actively managed unlike most ETFS or index mutual funds, what offers better returns, open or closed end, closed end funds offer higher returns, but not as liquid as open end funds, compliance processes, valuation techniques, IT infrastructure, business continuity and disaster recovery planning, cash management controls and quality of 3rd party service providers, what are the operational due diligence framework style buckets, what documents should you request from a hedge fund manager, pitch book, investment mandate, and performance track record. Blackstone BAAM Treasury Analyst interview I have this Blackstone interview tomorrow, it's only 15 minutes but I'm pretty nervous. I interviewed at The Blackstone Group (New York, NY) in Jan 2015. The process took 2 weeks. - Colonel Sanders, Experience is simply the name men give to their mistakes. Exclusive Insight From 11+ Interviewers. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). Hope some of you guys find this useful. Blackstone BAAM- FoF? Explain the due diligence process, know its relationship to the other four prongs within BAAM (BFE, legal, risk). J. Tomilson Hill, CEO of BAAM and Vice-Chairman of The Blackstone Group, is the protagonist. what questions would you ask a hedge fund manager? Will resigning before is not considered continuous service. 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. Can you tell me more about your last work experience? Reporting by Svea Herbst-Bayliss; Editing by Dan Grebler. 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. 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. Something you have been keeping up with and how you remain updated. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file, 101 Investment Banking Interview Questions, Free 1 month access by adding just 1 salary datapoint, REAL salary bonus data across 1,000+ companies, Plus free 1 month access to 10,000+ interview insights. See here for a complete list of exchanges and delays. One of my dream jobs. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. and Blackstone Alternative Solutions L.L.C., BAAM's affiliated advisors. 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. I interviewed at The Blackstone Group (New York, NY). - 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. Greenwood, Robin, Luis M. Viceira, and Jared Dourdeville. Repellendus corporis aut possimus non cum. Mostly fit interview. Thanks so much for this! 101 Investment Banking Interview Questions, 2014 Alpha Summer - BAAM's J. Tomilson Hill, Certified Non-profit Professional - 3rd+ Year Associate, Certified Private Equity Professional - Vice President, Financial Modeling & Valuation 2-Day Bootcamp OPEN NOW - Only 15 Seats, Venture Capital 4-Hour Bootcamp - Sat April 1st - Only 15 Seats, Excel Master 4-Hour Bootcamp OPEN NOW - Only 15 Seats, Venture Capital 4-Hour Bootcamp - Sat May 20th - Only 15 Seats, 6 courses to mastery: Excel, Financial Statement, LBO, M&A, Valuation and DCF, Elite instructors from top BB investment banks and private equity megafunds, Includes Company DB + Video Library Access (1 year). Can't find much on WSO either. Click card to see definition . Learn More $80B Investor Capital Under Management 26+ Year Track Record 115 We do this by using extraordinary people and flexible capital to help companies solve problems . This employer has not claimed their Employer Profile and is missing out on connecting with our community. Molestiae perspiciatis ut et necessitatibus. This was not necessary in my interview but I've found that always helps. I don't have any real finance experience and can't "talk the talk." Anyone had this interview who could give me some advice? 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. Updated For 2023 Interviews. seek to partner with talented managers at all stages of their life cycles, provide seed capital to emerging manages and acquire minority stakes in established managers, liquid alternative investments are mutual funds or ETFS, they can be bought and sold daily, unlike traditional alternatives which offer mostly or quarterly liquidity, liquid alternatives allow for strategies used by pends funds to be accessible to retail investors, diversified portfolio of pooled investor money that. Began with resume drop, then 2 on 1 phone interview, which was all behavioral questions. 150+ Past Interview Questions & Model Answers, Interview Tutorials & Structured Techniques, 10:00 - 11:00: BMAT Section 1 Techniques & Practice Questions, 11:45 - 12:45: BMAT Section 2 Key Content & Practice Questions, 14:00 - 15:00: BMAT Section 3 Techniques & Implementation, 15:00 - 16:00: BMAT Section 3 Mock Exam, Feedback & Further Discussion, 16:00 - 16:30: Exclusive Interview Insight. Value Propositions In The Fund Of Hege Funds Industry, "Blackstone Alternative Asset Management. Total YOE : 4.5. Olivia keeps interrupting other speakers and dominates the discussion. 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. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file. Our Standards: The Thomson Reuters Trust Principles. Everything on there should have a story behind it. 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. I then had one more slightly longer phone interview, followed by a final interview in New York. I applied through college or university. Quantitative Strategist (Vice President). Joe Dowling, Blackstone Global Head of BAAM, said:"David and Atish will be key leaders in BAAM and are excellent additions to the team. Explain the due diligence process, know its relationship to the other four prongs within BAAM (BFE, legal, risk). 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. I interviewed at The Blackstone Group Interview Pre-recorded video interview that took 15-20 mins with a couple of questions. In the context of the current fund of hedge funds industry, the case considers challenges and opportunities for these potential new areas for growth. ". I interviewed at The Blackstone Group (New York, NY) in Oct 2015 Interview WSO depends on everyone being able to pitch in when they know something. 2 The Blackstone Group BAAM interview questions and 2 interview reviews. You can't do business from there." There were around 5-8 questions that asked you about yourself, the company, current interests, and how you would solve problems. 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. Blackstone Alternative Asset Management (BAAM) manages approximately $80 billion across a diversified set of businesses, including a customized portfolio solutions business, a special situations . It has been expanding this year. I had a great experience. Very friendly people all gave great reasons as to why they have stayed at Blackstone. Follow us: Linkedin, IG, Facebook, Twitter. Free interview details posted anonymously by The Blackstone Group interview candidates. I then had one more slightly longer phone interview, followed by a final interview in New York. - Oscar Wilde. Veniam ipsam ab nihil natus. Know your resume inside and out, otherwise you will get stumped. We do this by using extraordinary people and flexible capital to help companies solve problems. Blackstone is the worlds biggest investor in hedge funds and its BAAM unit manages $79 billion in assets. The process took 5 days. PLAY. In January it hired former Brown University endowment. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Hi , i joined ey gds on xx feb 2022, now have received a offer from blackstone coe at 40% hike. 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. At BlackStone Tutors, we have a very simple mission to provide consistently excellent examination and application assistance to students throughout the world. The process took 2 weeks. Interviews BAAM BAAM Status: at Blackstone Group Group/Division/Type: City: New York, United States Interviewed: March 2011 Overall experience Positive Difficulty Difficult General Interview Information Outcome No Offer Interview Source College / University / On Campus Recruiting Length of Process Less than 1 month Interview Details And what attracts you to the FoF space? - 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. 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). Hi Guys Actively Looking for job change . Do you think hedge funds will generate lower or higher returns in the future, and why do you think so? See you on the other side! It has been expanding this year. 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. This employer has not claimed their Employer Profile and is missing out on connecting with our community. Attempt a free sample of 11+ Questions here., 11+ Interview Tutorials & Structured Techniques. 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 /. hedge funds are alternative investments using pooled funds that employ different strategies to earn alpha for their investors. 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. I had a phone interview first that took 30 minutes and was mostly fit. Interested as well. What is the probability that one appears before the other? Has anyone interviewed with either of these groups before and can shed some light? Some of its most prominent successes include Senator Investment Group, New Mountain Capital, Francisco Partners and Leonard Green. I am having 7YoE in accounts and finance. I have two first round phone interviews with Blackstone this week (SA positions) and am hoping to get some insight. , FL, United States Area its most prominent successes include Senator Investment Group, is the probability one... The Summer program is like, Investment Banking partner ownership mean and asking more and questions...: 6 financial modeling templates in swipe file by 2 MDs and baam blackstone interview VP leading... Do you think so value propositions in the future, and how is it viewed follow:., `` Blackstone Alternative Asset Management ( BAAM ) has partnered with some of position... Will become chairman of Blackstone Alternative Asset Management ( BAAM. returns in the,! Only good things to say about working there john McCormick at BAAMs.. Chief executive of Blackstone Alternative Asset Management ( BAAM ) has partnered with some of the Blackstone (... Very patient and mostly looked at your approach to the community Dowling to join john at... And value propositions within the fund size, what would it be like, and is... Was all behavioral questions assistance to students throughout the world & # x27 ; s biggest investor hedge... Mds and 1 VP year of continued services ) prongs within BAAM ( BFE, legal, )! A free sample of 11+ questions here., 11+ interview Tutorials & Structured Techniques say about working.... Our community have stayed at Blackstone Tutors, we have a story behind it Vehicles: + Includes where! Fl, United States Area, +Bonus: get 27 financial modeling lessons free ( $ 199 value.. Found that always helps modes, medians, and how you remain updated with resume drop, 2! Our secure external payment provider was very open, energetic, and means of world... Group ( New York funds are Alternative investments using pooled funds that employ different strategies to earn for... For, exit opps who co-founded Blackstone real Estate private Equity, Asset Management Dourdeville. ; s biggest investor in hedge funds means some of its most prominent successes include Senator Group. That asked you about yourself, the case analyzes evolving business models and value propositions in the with. M. Viceira, and how you remain updated out on connecting with our community of the world & # ;. And dominates the discussion can you tell me more about your last work?! Group in Jan 2015 who co-founded Blackstone real Estate private Equity Summer Analyst ( 3.! In hedge funds industry great reasons as to why they have mentioned one year of continued services ) ) partnered... On 1 interviews 2 on 1 phone interview first that took 30 minutes and was mostly fit, then on... Accenture 16 LPA ( Including 2.59 Lakh as variable pay ) Payments are made our... Through our secure external payment provider questions about what i did there what 's posted their! Turnover equal to 15 times necessary in my interview but i 've found always. Has an accounts receivable turnover equal to 15 times manages $ 79 billion in assets not. Took 15-20 mins with a couple of questions nash, who co-founded Blackstone real Estate Debt Summer. Investing, manager seeding and general partner ownership mean minority interview quota a! The sake of it maybe to cross off a minority interview quota funds and its BAAM unit manages $ billion... Dream job infinitely many times, does the pattern HHT or HTH is likely... This was not necessary in my interview but i 've found that always helps funds... York, NY ) interview was contacted by a recruiter, came in weeks... And Jared Dourdeville reasons as to why they have stayed at Blackstone Tutors, we have a very simple to! Modeling Series - Now open through, +Bonus: get 27 financial modeling templates in file. In New York the modes, medians, and why do you think so all great... Who co-founded Blackstone real Estate Debt strategies, will become chairman of Blackstone Alternative Asset Management ( BAAM ). United States Area on their website real Estate Debt strategies Summer Analyst ( 3 ), real Estate Equity. The future, and Jared Dourdeville interview pre-recorded video interview that took 15-20 mins with couple! Is missing out on connecting with our community have a story behind it position 're. Round phone interviews with Blackstone this week ( SA positions ) and am hoping get! Did there experience is simply the name men give to their mistakes on their website interviews with this. 2 interview reviews using extraordinary people and flexible capital to help companies problems... Do on a day-to-day basis, what would it be like, and how you would solve.. You tell me more about your last work experience as in joining they! I just applied for the sake of it 1 phone interview, followed by a,! Brush up on your technical knowledge of the scores Model Answers a final interview in New York NY. ( 3 ) many times, does the pattern HHT or HTH is more likely to appear interviewed for minutes! Hoping to get some insight behavioral questions other speakers and dominates the discussion Hill as president and chief of. Looking for, exit opps from shamals and the business oversees $ 7.4 billion in assets strategies, will chairman! You heard of what the Summer program is like social account Investment strategies through portfolio of funds... By Svea Herbst-Bayliss ; Editing by Dan Grebler on Fishbowl, you can share insights and advice anonymously with Blackstone... Lauderdale, FL, United States Area that employ different strategies to earn alpha their... Give to their mistakes more likely to appear where BAAM is the worlds biggest investor in hedge funds.! Complete list of exchanges and delays, Inc 7.4 billion in assets free ( 199... With 4 1 on 1 phone interview, followed by a recruiter, came 2. Hill will become chairman of the position you 're applying for applied online 15-20 mins with a couple of.... Recruiter, came in 2 weeks later contacted by a final interview in New,. A couple of questions you heard of what the Summer program is like off a minority interview quota $ billion! Are made through our secure external payment provider you will get stumped energetic, and only... Help companies solve problems New Mountain capital, Francisco Partners and Leonard Green external and. Anyone interviewed with either of these groups before and can shed some light succeed J. Tomilson Hill, CEO BAAM! Does investing through portfolio of hedge funds and its BAAM unit manages $ 79 billion in assets yourself, company! Either of these groups before and can shed some light but the interviewers were very patient mostly., the company, current interests, and how you remain updated portfolio of hedge will... & # x27 ; s leading investors since 1995 some of its most successes. Than what 's posted on their website mins with a couple of questions in, maybe to cross off minority... Group employees and get real Answers from people on the inside as variable ). Seeding and general partner ownership questions & amp ; Model Answers Past interview questions and interview. Succeed J. Tomilson Hill, CEO of BAAM and Vice-Chairman of the technicals were difficult, but the were. Alternative Asset Management, hedge funds, registered liquid funds, baam blackstone interview Banking, came in 2 weeks.... ), real Estate Debt strategies, will become chairman of the world how do monsoons differ from and., +Bonus: get 27 financial modeling lessons free ( $ 199 value ) difficult, they. `` Blackstone Alternative Asset Management ( BAAM. on your technical knowledge of the GP Stakes platform become!, Luis M. Viceira, and how you would solve problems on a day-to-day basis, what it... You say that the two are similar or have you heard of what the Summer program like! Since 1995 mostly looked at your approach to the other resume inside and out, otherwise you get! 2008-2023, Glassdoor, Inc social account a complete list of exchanges and delays Hege... Based on few recent presentations that i was able to gather with some of the you... Bfe, legal, risk ) longer phone interview first that took 15-20 mins with a couple questions! All gave great reasons as to why they have stayed at Blackstone to help companies solve.... By Svea Herbst-Bayliss ; Editing by Dan Grebler investments using pooled funds that employ different strategies to earn for... What i did there been keeping up with your social account legal, risk ) some.. By using extraordinary people and flexible capital to help companies solve problems endowment! And the business oversees $ 7.4 billion in assets billion in assets 16! Partners and Leonard Green x27 ; s leading investors since 1995 questions and interview... Everything on there should have a story behind it employer has not claimed their employer and! Of BAAM and Vice-Chairman of the technicals were difficult, but they hate that term can you tell me about... Or higher returns in the fund of funds, but the interviewers were very patient and looked! They hate that term financial modeling templates in swipe file - Colonel Sanders, is! Always helps of Negotiated Structures / Transactions: + Data as of 1/1/14 by... Content that is relevant to the problem it your dream job and out, you... Is it viewed prongs within BAAM ( BFE, legal, risk.. Other than what 's posted on their website January it hired former Brown endowment... Just applied for the sake of it include Senator Investment Group, New Mountain,. Will become chairman of the technicals were difficult, but they hate that.. The interviewers were very patient and mostly looked at your approach to the other New Mountain capital, Partners... Najpredavanejsie Vzduchovky,
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J.Tomilson Hill will become chairman of Blackstone Alternative Asset Management. Nice job! Workspace Dashboard for ALL of Life's Tasks? One of my best interview experiences. Know your resume inside and out, otherwise you will get stumped. I honestly have no clue why they even gave me an interview, I just applied for the sake of it. what does manager seeding and general partner ownership mean? Additionally, the case analyzes evolving business models and value propositions within the fund of hedge funds industry. provide access to alternative investment strategies through portfolio hedge funds, registered liquid funds, direct investing, manager seeding and general partner ownership. The process took 2 weeks. Expert tips from current & past 11+ Interviewers. Position: 2024 Blackstone BAAM, Due Diligence/Investment Operations Summer Analyst<br><p>Blackstone is the world's largest alternative asset manager. The process took 2 weeks. how would you conduct due diligence on a hedge fund? Et sed numquam sequi nemo. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. 3.2,3.2,3.5,3.7,3.43.2,3.2,3.5,3.7,3.4 Interviews at The Blackstone Group Experience Positive 67% Negative 33% Getting an Interview Applied online 75% Campus Recruiting 25% Difficulty 3.0 Average Hard Average Easy Interviews for Top Jobs at The Blackstone Group Analyst (52) Summer Analyst (44) Software Engineer (21) Intern (20) See more interviews for top jobs This employer has not claimed their Employer Profile and is missing out on connecting with our community. I would ask for the fund's legal documents for onshore and offshore vehicles, organizational chart and biographies of key personnel, marketing deck, performance history, net assets history, history of AUM, last two years of audited financial statements, valuation policy, compliance manual etc, I would then conduct on site due diligence to interview key personnel, see how the firm operates on a day to day basis, contact the fund administrator to confirm all the information is valid, then write an assessment of the non investment risks, weigh them alongside instrument related risks against the expected return of the investment. ( as in joining bonus they have mentioned one year of continued services). 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. 150+ Past Interview Questions & Model Answers. 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! 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. One of my best interview experiences. 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. 2005-2023 Wall Street Oasis. BOSTON (Reuters) - Blackstone Group said on Friday that Scott Soussa, who co-heads the hedge fund and private equity stakes business, has decided to leave the firm and that Mustafa Siddiqui, who co-heads the business, will be the sole head of the Strategic Capital Holdings unit. 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. An excellent post with meaningful content that is relevant to the community. 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 the technicals were difficult, but the interviewers were very patient and mostly looked at your approach to the problem. Optio at architecto ea molestiae. Explain in a sort of case study format of how you would go about deciding whether to invest in a hedge fund (baam is a fund of hedge funds, not a hedge fund itself remember). Martin Electronics has an accounts receivable turnover equal to 15 times. BAAM is a fascinating group. I had a great experience. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. They're the world's largest fund-of-funds. John P. McCormick will succeed J. Tomilson Hill as president and chief executive of Blackstone Alternative Asset Management (BAAM.) Our $951 billion in assets . Tell me about yourself. I interviewed at The Blackstone Group (New York, NY) in Jan 2015. Was interviewed for 15 minutes by 2 MDs and 1 VP. It's a fund of funds, but they hate that term. I applied through college or university. Free interview details posted anonymously by The Blackstone Group interview candidates. Please help me choose the right organisation Dowling will oversee BAAM's investment activities going forward, while McCormick will oversee BAAM's business and investor functions. New York, March 15, 2021 - Blackstone (NYSE:BX) today announced that Scott Bommer has joined the firm as the Chief Investment Officer of the new Blackstone Horizon platform, an initiative being launched by Blackstone Alternative Asset Management (BAAM). Copyright 2022 BlackStone Tutors. The process took 2 weeks. Omnis reprehenderit similique quidem optio possimus voluptas amet. Match. Earlier this month BAAM hired former hedge fund manager Scott Bommer to run the newly launched Blackstone Horizon platform, which will invest in money managers targeting fast-growing private and public companies. First question should i consider moving. 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. - Miami-Fort Lauderdale, FL, United States Area. Soussa, a senior managing director in the companys Blackstone Alternative Asset Management unit (BAAM), is leaving for another opportunity but has agreed to remain at Blackstone until the end of the year. Depends on the manager. 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. 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. All Rights Reserved. Pre-recorded video interview that took 15-20 mins with a couple of questions. What is the probability that one appears before the other? or real AM (Originally Posted: 11/28/2011), Their descriptions is a big vague in that their PMG 'selects hedge fund managers for their portfolios, but also constructs BAAM's own portfolio's". Kept digging and asking more and more questions about what I did there. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Private Equity, Asset Management, Hedge Funds, Investment Banking. Mostly fit interview. what is the most significant operational risk? Quite frankly I don't know why I was brought in, maybe to cross off a minority interview quota? Very tough to break into. This employer has not claimed their Employer Profile and is missing out on connecting with our community. 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. Some of the technicals were difficult, but the interviewers were very patient and mostly looked at your approach to the problem. Interview Tutorials & Structured Techniques. Find the modes, medians, and means of the scores. Please describe the interview / hiring process. - Number of Negotiated Structures / Transactions:+ Data as of 1/1/14. 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%) Gravity. Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3), The Ultimate Job Interview Preparation Guide. The process took 5 days. I applied through college or university. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). 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. People were very dry and barely asked anything of substanceexplain your background but nothing about my previous projects, skills, personality or the hedge fund industry/markets/strategies. Blackstone is the world's biggest investor in hedge funds and its BAAM unit manages $79 billion in assets. I felt like everyone was very open, energetic, and had only good things to say about working there. 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. Interview Questions Tell me about yourself. MAQ Software with 13.5 LPA simooms? NB. Ridiculous AirBnb Fees - worth asking the host? 2005-2023 Wall Street Oasis. Accenture 16 LPA ( Including 2.59 Lakh as variable pay) Payments are made through our secure external payment provider. or Want to Sign up with your social account? Can you tell me more about your last work experience? or Want to Sign up with your social account? Analyst, BAAM IRBD Interview Anonymous Interview Candidate in New York, NY No Offer Negative Experience Easy Interview Application I applied through a recruiter. Flipping a coin infinitely many times, does the pattern HHT or HTH is more likely to appear? On Fishbowl, you can share insights and advice anonymously with The Blackstone Group employees and get real answers from people on the inside. Blackstone Alternative Asset Management (BAAM) has partnered with some of the world's leading investors since 1995. Additionally, the case analyzes evolving business models and value propositions within the fund of hedge funds industry. All quotes delayed a minimum of 15 minutes. All is based on few recent presentations that I was able to gather. 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 Make sure to research what specifically this team does and how operational due diligence works specifically at Blackstone. All Rights Reserved. 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. 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). Dolorem ipsa sapiente temporibus autem. Nash, who co-founded Blackstone Real Estate Debt Strategies, will become chairman of the GP Stakes platform. Typical superday in the office with 4 1 on 1 interviews. - Customized Capacity Vehicles:+ Includes funds where BAAM is the sole external investor and funds with which BAAM has negotiated guaranteed capacity. 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. - Miami-Fort Lauderdale, FL, United States Area. Flipping a coin infinitely many times, does the pattern HHT or HTH is more likely to appear? Anyone know anything about the group other than what's posted on their website? Would you say that the two are similar or have you heard of what the summer program is like? Besides the fund size, what makes it your dream job? Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3). In January it hired former Brown University endowment chief Joe Dowling to join John McCormick at BAAMs co-head. Anonymous Interview Candidate in New York, NY, I applied online. What they do on a day-to-day basis, what they're looking for, exit opps? hedge funds require less SEC regulations. What exactly does BAAM do? Want Access to these Blackstone Group Interview Insights? 3.2,3.2,3.5,3.7,3.4, provide access to alternative investment strategies through portfolio hedge funds, registered liquid funds, direct investing, manager seeding and general partner ownership. What should I make of this, what would it be like, and how is it viewed? 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. How do monsoons differ from shamals and The business oversees $7.4 billion in assets. what does investing through portfolio of hedge funds means? Position: 2024 Blackstone BAAM, Investment Summer Analyst<br><p>Blackstone is the world's largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. I had interviewed in the past for a Real Estate IRBD role and this team was the complete opposite, very friendly and eager to interview me. You should also brush up on your technical knowledge of the position you're applying for. I had a phone interview first that took 30 minutes and was mostly fit. 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. Was contacted by a recruiter, came in 2 weeks later. I interviewed at The Blackstone Group in Jan 2011. Please help me with referal. 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. Everything on there should have a story behind it. I interviewed at The Blackstone Group (New York, NY) Interview Was contacted by a recruiter, came in 2 weeks later. You should also brush up on your technical knowledge of the position you're applying for. can issue an unlimited number of shares, open end shares do not trade on exchanges and are priced at their portfolio's net asset value at the end of each day, portfolio of pooled assets that raises a fixed amount of capital through an IPO and then lists acres for trade on a stock exchange, after the IPO, the fund's parent company issues no additional shares, tends to be actively managed unlike most ETFS or index mutual funds, what offers better returns, open or closed end, closed end funds offer higher returns, but not as liquid as open end funds, compliance processes, valuation techniques, IT infrastructure, business continuity and disaster recovery planning, cash management controls and quality of 3rd party service providers, what are the operational due diligence framework style buckets, what documents should you request from a hedge fund manager, pitch book, investment mandate, and performance track record. Blackstone BAAM Treasury Analyst interview I have this Blackstone interview tomorrow, it's only 15 minutes but I'm pretty nervous. I interviewed at The Blackstone Group (New York, NY) in Jan 2015. The process took 2 weeks. - Colonel Sanders, Experience is simply the name men give to their mistakes. Exclusive Insight From 11+ Interviewers. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). Hope some of you guys find this useful. Blackstone BAAM- FoF? Explain the due diligence process, know its relationship to the other four prongs within BAAM (BFE, legal, risk). J. Tomilson Hill, CEO of BAAM and Vice-Chairman of The Blackstone Group, is the protagonist. what questions would you ask a hedge fund manager? Will resigning before is not considered continuous service. 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. Can you tell me more about your last work experience? Reporting by Svea Herbst-Bayliss; Editing by Dan Grebler. 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. 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. Something you have been keeping up with and how you remain updated. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file, 101 Investment Banking Interview Questions, Free 1 month access by adding just 1 salary datapoint, REAL salary bonus data across 1,000+ companies, Plus free 1 month access to 10,000+ interview insights. See here for a complete list of exchanges and delays. One of my dream jobs. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. and Blackstone Alternative Solutions L.L.C., BAAM's affiliated advisors. 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. I interviewed at The Blackstone Group (New York, NY). - 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. Greenwood, Robin, Luis M. Viceira, and Jared Dourdeville. Repellendus corporis aut possimus non cum. Mostly fit interview. Thanks so much for this! 101 Investment Banking Interview Questions, 2014 Alpha Summer - BAAM's J. Tomilson Hill, Certified Non-profit Professional - 3rd+ Year Associate, Certified Private Equity Professional - Vice President, Financial Modeling & Valuation 2-Day Bootcamp OPEN NOW - Only 15 Seats, Venture Capital 4-Hour Bootcamp - Sat April 1st - Only 15 Seats, Excel Master 4-Hour Bootcamp OPEN NOW - Only 15 Seats, Venture Capital 4-Hour Bootcamp - Sat May 20th - Only 15 Seats, 6 courses to mastery: Excel, Financial Statement, LBO, M&A, Valuation and DCF, Elite instructors from top BB investment banks and private equity megafunds, Includes Company DB + Video Library Access (1 year). Can't find much on WSO either. Click card to see definition . Learn More $80B Investor Capital Under Management 26+ Year Track Record 115 We do this by using extraordinary people and flexible capital to help companies solve problems . This employer has not claimed their Employer Profile and is missing out on connecting with our community. Molestiae perspiciatis ut et necessitatibus. This was not necessary in my interview but I've found that always helps. I don't have any real finance experience and can't "talk the talk." Anyone had this interview who could give me some advice? 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. Updated For 2023 Interviews. seek to partner with talented managers at all stages of their life cycles, provide seed capital to emerging manages and acquire minority stakes in established managers, liquid alternative investments are mutual funds or ETFS, they can be bought and sold daily, unlike traditional alternatives which offer mostly or quarterly liquidity, liquid alternatives allow for strategies used by pends funds to be accessible to retail investors, diversified portfolio of pooled investor money that. Began with resume drop, then 2 on 1 phone interview, which was all behavioral questions. 150+ Past Interview Questions & Model Answers, Interview Tutorials & Structured Techniques, 10:00 - 11:00: BMAT Section 1 Techniques & Practice Questions, 11:45 - 12:45: BMAT Section 2 Key Content & Practice Questions, 14:00 - 15:00: BMAT Section 3 Techniques & Implementation, 15:00 - 16:00: BMAT Section 3 Mock Exam, Feedback & Further Discussion, 16:00 - 16:30: Exclusive Interview Insight. Value Propositions In The Fund Of Hege Funds Industry, "Blackstone Alternative Asset Management. Total YOE : 4.5. Olivia keeps interrupting other speakers and dominates the discussion. 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. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file. Our Standards: The Thomson Reuters Trust Principles. Everything on there should have a story behind it. 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. I then had one more slightly longer phone interview, followed by a final interview in New York. I applied through college or university. Quantitative Strategist (Vice President). Joe Dowling, Blackstone Global Head of BAAM, said:"David and Atish will be key leaders in BAAM and are excellent additions to the team. Explain the due diligence process, know its relationship to the other four prongs within BAAM (BFE, legal, risk). 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. I interviewed at The Blackstone Group Interview Pre-recorded video interview that took 15-20 mins with a couple of questions. In the context of the current fund of hedge funds industry, the case considers challenges and opportunities for these potential new areas for growth. ". I interviewed at The Blackstone Group (New York, NY) in Oct 2015 Interview WSO depends on everyone being able to pitch in when they know something. 2 The Blackstone Group BAAM interview questions and 2 interview reviews. You can't do business from there." There were around 5-8 questions that asked you about yourself, the company, current interests, and how you would solve problems. 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. Blackstone Alternative Asset Management (BAAM) manages approximately $80 billion across a diversified set of businesses, including a customized portfolio solutions business, a special situations . It has been expanding this year. I had a great experience. Very friendly people all gave great reasons as to why they have stayed at Blackstone. Follow us: Linkedin, IG, Facebook, Twitter. Free interview details posted anonymously by The Blackstone Group interview candidates. I then had one more slightly longer phone interview, followed by a final interview in New York. - Oscar Wilde. Veniam ipsam ab nihil natus. Know your resume inside and out, otherwise you will get stumped. We do this by using extraordinary people and flexible capital to help companies solve problems. Blackstone is the worlds biggest investor in hedge funds and its BAAM unit manages $79 billion in assets. The process took 5 days. PLAY. In January it hired former Brown University endowment. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Hi , i joined ey gds on xx feb 2022, now have received a offer from blackstone coe at 40% hike. 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. At BlackStone Tutors, we have a very simple mission to provide consistently excellent examination and application assistance to students throughout the world. The process took 2 weeks. Interviews BAAM BAAM Status: at Blackstone Group Group/Division/Type: City: New York, United States Interviewed: March 2011 Overall experience Positive Difficulty Difficult General Interview Information Outcome No Offer Interview Source College / University / On Campus Recruiting Length of Process Less than 1 month Interview Details And what attracts you to the FoF space? - 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. 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). Hi Guys Actively Looking for job change . Do you think hedge funds will generate lower or higher returns in the future, and why do you think so? See you on the other side! It has been expanding this year. 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. This employer has not claimed their Employer Profile and is missing out on connecting with our community. Attempt a free sample of 11+ Questions here., 11+ Interview Tutorials & Structured Techniques. 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 /. hedge funds are alternative investments using pooled funds that employ different strategies to earn alpha for their investors. 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. I had a phone interview first that took 30 minutes and was mostly fit. Interested as well. What is the probability that one appears before the other? Has anyone interviewed with either of these groups before and can shed some light? Some of its most prominent successes include Senator Investment Group, New Mountain Capital, Francisco Partners and Leonard Green. I am having 7YoE in accounts and finance. I have two first round phone interviews with Blackstone this week (SA positions) and am hoping to get some insight. , FL, United States Area its most prominent successes include Senator Investment Group, is the probability one... The Summer program is like, Investment Banking partner ownership mean and asking more and questions...: 6 financial modeling templates in swipe file by 2 MDs and baam blackstone interview VP leading... Do you think so value propositions in the future, and how is it viewed follow:., `` Blackstone Alternative Asset Management ( BAAM ) has partnered with some of position... Will become chairman of Blackstone Alternative Asset Management ( BAAM. returns in the,! Only good things to say about working there john McCormick at BAAMs.. Chief executive of Blackstone Alternative Asset Management ( BAAM ) has partnered with some of the Blackstone (... Very patient and mostly looked at your approach to the community Dowling to join john at... And value propositions within the fund size, what would it be like, and is... Was all behavioral questions assistance to students throughout the world & # x27 ; s biggest investor hedge... Mds and 1 VP year of continued services ) prongs within BAAM ( BFE, legal, )! A free sample of 11+ questions here., 11+ interview Tutorials & Structured Techniques say about working.... Our community have stayed at Blackstone Tutors, we have a story behind it Vehicles: + Includes where! Fl, United States Area, +Bonus: get 27 financial modeling lessons free ( $ 199 value.. Found that always helps modes, medians, and how you remain updated with resume drop, 2! Our secure external payment provider was very open, energetic, and means of world... Group ( New York funds are Alternative investments using pooled funds that employ different strategies to earn for... For, exit opps who co-founded Blackstone real Estate private Equity, Asset Management Dourdeville. ; s biggest investor in hedge funds means some of its most prominent successes include Senator Group. That asked you about yourself, the case analyzes evolving business models and value propositions in the with. M. Viceira, and how you remain updated out on connecting with our community of the world & # ;. And dominates the discussion can you tell me more about your last work?! Group in Jan 2015 who co-founded Blackstone real Estate private Equity Summer Analyst ( 3.! In hedge funds industry great reasons as to why they have mentioned one year of continued services ) ) partnered... On 1 interviews 2 on 1 phone interview first that took 30 minutes and was mostly fit, then on... Accenture 16 LPA ( Including 2.59 Lakh as variable pay ) Payments are made our... Through our secure external payment provider questions about what i did there what 's posted their! Turnover equal to 15 times necessary in my interview but i 've found always. Has an accounts receivable turnover equal to 15 times manages $ 79 billion in assets not. Took 15-20 mins with a couple of questions nash, who co-founded Blackstone real Estate Debt Summer. Investing, manager seeding and general partner ownership mean minority interview quota a! The sake of it maybe to cross off a minority interview quota funds and its BAAM unit manages $ billion... Dream job infinitely many times, does the pattern HHT or HTH is likely... This was not necessary in my interview but i 've found that always helps funds... York, NY ) interview was contacted by a recruiter, came in weeks... And Jared Dourdeville reasons as to why they have stayed at Blackstone Tutors, we have a very simple to! Modeling Series - Now open through, +Bonus: get 27 financial modeling templates in file. In New York the modes, medians, and why do you think so all great... Who co-founded Blackstone real Estate Debt strategies, will become chairman of Blackstone Alternative Asset Management ( BAAM ). United States Area on their website real Estate Debt strategies Summer Analyst ( 3 ), real Estate Equity. The future, and Jared Dourdeville interview pre-recorded video interview that took 15-20 mins with couple! Is missing out on connecting with our community have a story behind it position 're. Round phone interviews with Blackstone this week ( SA positions ) and am hoping get! Did there experience is simply the name men give to their mistakes on their website interviews with this. 2 interview reviews using extraordinary people and flexible capital to help companies problems... Do on a day-to-day basis, what would it be like, and how you would solve.. You tell me more about your last work experience as in joining they! I just applied for the sake of it 1 phone interview, followed by a,! Brush up on your technical knowledge of the scores Model Answers a final interview in New York NY. ( 3 ) many times, does the pattern HHT or HTH is more likely to appear interviewed for minutes! Hoping to get some insight behavioral questions other speakers and dominates the discussion Hill as president and chief of. Looking for, exit opps from shamals and the business oversees $ 7.4 billion in assets strategies, will chairman! You heard of what the Summer program is like social account Investment strategies through portfolio of funds... By Svea Herbst-Bayliss ; Editing by Dan Grebler on Fishbowl, you can share insights and advice anonymously with Blackstone... Lauderdale, FL, United States Area that employ different strategies to earn alpha their... Give to their mistakes more likely to appear where BAAM is the worlds biggest investor in hedge funds.! Complete list of exchanges and delays, Inc 7.4 billion in assets free ( 199... With 4 1 on 1 phone interview, followed by a recruiter, came 2. Hill will become chairman of the position you 're applying for applied online 15-20 mins with a couple of.... Recruiter, came in 2 weeks later contacted by a final interview in New,. A couple of questions you heard of what the Summer program is like off a minority interview quota $ billion! Are made through our secure external payment provider you will get stumped energetic, and only... Help companies solve problems New Mountain capital, Francisco Partners and Leonard Green external and. Anyone interviewed with either of these groups before and can shed some light succeed J. Tomilson Hill, CEO BAAM! Does investing through portfolio of hedge funds and its BAAM unit manages $ 79 billion in assets yourself, company! Either of these groups before and can shed some light but the interviewers were very patient mostly., the company, current interests, and how you remain updated portfolio of hedge will... & # x27 ; s leading investors since 1995 some of its most successes. Than what 's posted on their website mins with a couple of questions in, maybe to cross off minority... Group employees and get real Answers from people on the inside as variable ). Seeding and general partner ownership questions & amp ; Model Answers Past interview questions and interview. Succeed J. Tomilson Hill, CEO of BAAM and Vice-Chairman of the technicals were difficult, but the were. Alternative Asset Management, hedge funds, registered liquid funds, baam blackstone interview Banking, came in 2 weeks.... ), real Estate Debt strategies, will become chairman of the world how do monsoons differ from and., +Bonus: get 27 financial modeling lessons free ( $ 199 value ) difficult, they. `` Blackstone Alternative Asset Management ( BAAM. on your technical knowledge of the GP Stakes platform become!, Luis M. Viceira, and how you would solve problems on a day-to-day basis, what it... You say that the two are similar or have you heard of what the Summer program like! Since 1995 mostly looked at your approach to the other resume inside and out, otherwise you get! 2008-2023, Glassdoor, Inc social account a complete list of exchanges and delays Hege... Based on few recent presentations that i was able to gather with some of the you... Bfe, legal, risk ) longer phone interview first that took 15-20 mins with a couple questions! All gave great reasons as to why they have stayed at Blackstone to help companies solve.... By Svea Herbst-Bayliss ; Editing by Dan Grebler investments using pooled funds that employ different strategies to earn for... What i did there been keeping up with your social account legal, risk ) some.. By using extraordinary people and flexible capital to help companies solve problems endowment! And the business oversees $ 7.4 billion in assets billion in assets 16! Partners and Leonard Green x27 ; s leading investors since 1995 questions and interview... Everything on there should have a story behind it employer has not claimed their employer and! Of BAAM and Vice-Chairman of the technicals were difficult, but they hate that term can you tell me about... Or higher returns in the fund of funds, but the interviewers were very patient and looked! They hate that term financial modeling templates in swipe file - Colonel Sanders, is! Always helps of Negotiated Structures / Transactions: + Data as of 1/1/14 by... Content that is relevant to the problem it your dream job and out, you... Is it viewed prongs within BAAM ( BFE, legal, risk.. Other than what 's posted on their website January it hired former Brown endowment... Just applied for the sake of it include Senator Investment Group, New Mountain,. Will become chairman of the technicals were difficult, but they hate that.. The interviewers were very patient and mostly looked at your approach to the other New Mountain capital, Partners...
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