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. (Originally Posted: 11/26/2014). 150+ Past Interview Questions & Model Answers. Repellendus corporis aut possimus non cum. Contribute to the database and get 1 month free* Full online access! Follow us: Linkedin, IG, Facebook, Twitter. Sunt dolorem reprehenderit quia ipsum iure et. 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. Please describe the interview / hiring process. 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 - Number of Negotiated Structures / Transactions:+ Data as of 1/1/14. We do this by using extraordinary people and flexible capital to help companies solve problems. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). Molestiae perspiciatis ut et necessitatibus. and Blackstone Alternative Solutions L.L.C., BAAM's affiliated advisors. Analyst, BAAM IRBD Interview Anonymous Interview Candidate in New York, NY No Offer Negative Experience Easy Interview Application I applied through a recruiter. Will resigning before is not considered continuous service. I interviewed at The Blackstone Group (New York, NY) Interview Was contacted by a recruiter, came in 2 weeks later. 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. We do this by using extraordinary people and flexible capital to help companies solve problems . J.Tomilson Hill will become chairman of Blackstone Alternative Asset Management. 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. 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) in Jan 2015. 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. bump on day-to-day operations and analyst responsibilities. Blackstone BAAM (Originally Posted: 03/03/2013). 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. 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. MAQ Software with 13.5 LPA This employer has not claimed their Employer Profile and is missing out on connecting with our community. 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). You can't do business from there." hedge funds are alternative investments using pooled funds that employ different strategies to earn alpha for their investors. 3.2,3.2,3.5,3.7,3.43.2,3.2,3.5,3.7,3.4 Mostly behavioral questions and a few specifically on operational due diligence and roles within hedge funds. Match. Martin Electronics has an accounts receivable turnover equal to 15 times. Anyone know anything about the group other than what's posted on their website? 2005-2023 Wall Street Oasis. Optio at architecto ea molestiae. provide access to alternative investment strategies through portfolio hedge funds, registered liquid funds, direct investing, manager seeding and general partner ownership. 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. On Fishbowl, you can share insights and advice anonymously with The Blackstone Group employees and get real answers from people on the inside. Find the modes, medians, and means of the scores. 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. Tell me about yourself. - Miami-Fort Lauderdale, FL, United States Area. Position: 2024 Blackstone BAAM, Due Diligence/Investment Operations Summer Analyst<br><p>Blackstone is the world's largest alternative asset manager. Asked in depth questions on the resume. Ridiculous AirBnb Fees - worth asking the host? Has anyone interviewed with either of these groups before and can shed some light? Want Access to these Blackstone Group Interview Insights? Blackstone BAAM? Blackstone COE (on wipro's payroll) - 18 LPA (including 1.5 lakh as variable pay) Quantitative Strategist (Vice President). Dowling will oversee BAAM's investment activities going forward, while McCormick will oversee BAAM's business and investor functions. Click again to see term . Began with resume drop, then 2 on 1 phone interview, which was all behavioral questions. The process took 2 weeks. 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. I interviewed at The Blackstone Group in Jan 2011. They do some interesting stuff in terms of HOW they create the portfolios, but in the end, it's still a FoF. Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3). Omnis reprehenderit similique quidem optio possimus voluptas amet. what does investing through portfolio of hedge funds means? Kept digging and asking more and more questions about what I did there. Blackstone is the world's biggest investor in hedge funds and its BAAM unit manages $79 billion in assets. As you have learned, facilitating a productive meeting requires skills that may be critical to your career success. Ea totam illum et maiores delectus. J. Tomilson Hill, CEO of BAAM and Vice . simooms? Nash, who co-founded Blackstone Real Estate Debt Strategies, will become chairman of the GP Stakes platform. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. I had a phone interview first that took 30 minutes and was mostly fit. All is based on few recent presentations that I was able to gather. 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. - Largest discretionary allocator to HFs in the world+ over $20 bn larger than the next largest fund of hedge funds competitor, - Separated from traditional competitors+ 31% AUM CAGR since 2001 for BAAM, compared to 13% for other fund of funds over $1 billion+ 18% AUM CAGR since the end of 2008 for BAAM, compared to 5% for other fund of funds over $1 billion, - Meaningful business diversification and product innovation+ One of the largest hedge fund seeders in the world over $2.6 billion deployed over 2 funds+ Creation of Special Situations Investing Group $5.4 billion deployed+ LongOnly solution business utilizing hedge fund talent $3.4 billion in AUM+ Significant growth opportunity in the liquid registered fund market $1.5 billion raised to date+ Purchasing of GP interests in established hedge funds closed on $1.4 billion, expected to close on up to $3 billion in total, - Institutional composition of BX's client base provides the business with stability+ Emphasis on transparency, knowledge transfer and investor education+ Institutional investor base allows for customization and innovation, - Flows from existing investors remain the majority of BAAM's gross external inflows, - BAAM has maintained strong financial performance across major metrics, - Industry Dynamics Have Supported BAAM's Rapid Growth, - Hedge Fund investor base is now predominantly institutional, - BAAM expects individuals to return, albeit a different market segment (retail) requiring more liquid, regulated investment vehicles, - Pension Funds are increasing allocations to hedge funds:+ A majority of institutions, including pension plans, endowments, foundations and insurers, reported increased hedge fund holdings last year+ Pension funds, in particular, are increasing their hedge fund investments, with over 60% of them having increased such holdings in 2012+ 65% of investors, including 79% of institutions, targeted returns between 5% and 10% for their hedge fund investments in 2013, - DoddFrank, Basel III, and other global regulatory changes are reducing the ability of investment banks, commercial banks, and insurance companies to compete with hedge funds, - Human capital is leaving the sell side as it is forced to reduce capital allocation to opportunistic and quantitative trading strategies, thus increasing the flow of top talent to hedge funds, - The market recovery has heightened entrepreneurial ambitions for talented asset managers seeking the most favorable compensation structures, - Total capital invested in hedge funds exceeded $2 trillion for the first time in 2012, - Hedge funds represent less than 2.0% of global financial assets, - Average 10year rolling Sharpe ratio of 1.2 for the HFRI Composite, - 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%). Hope some of you guys find this useful. Hi Guys Actively Looking for job change . Olivia keeps interrupting other speakers and dominates the discussion. Job title almost similar . 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%) What is the probability that one appears before the other? 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. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). - 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. Some of the technicals were difficult, but the interviewers were very patient and mostly looked at your approach to the problem. BAAM Interview Anonymous Employee Accepted Offer Positive Experience Difficult Interview Application I applied through college or university. 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. - Miami-Fort Lauderdale, FL, United States Area. Additionally, the case analyzes evolving business models and value propositions within the fund of hedge funds industry. Thanks so much for this! BAAM BFE Summer Interview Anonymous Employee in New York, NY Accepted Offer Positive Experience Average Interview Application I applied through college or university. 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. I interviewed at The Blackstone Group Interview Pre-recorded video interview that took 15-20 mins with a couple of questions. Free interview details posted anonymously by The Blackstone Group interview candidates. Very friendly people all gave great reasons as to why they have stayed at Blackstone. 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. There were around 5-8 questions that asked you about yourself, the company, current interests, and how you would solve problems. 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). Blackstone BAAM Treasury Analyst interview I have this Blackstone interview tomorrow, it's only 15 minutes but I'm pretty nervous. 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. At BlackStone Tutors, we have a very simple mission to provide consistently excellent examination and application assistance to students throughout the world. Please help me choose the right organisation 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. This was not necessary in my interview but I've found that always helps. What is the probability that one appears before the other? Please help me with referal. I have multiple offers currently in hand. Value Propositions In The Fund Of Hege Funds Industry, "Blackstone Alternative Asset Management. I had a phone interview first that took 30 minutes and was mostly fit. 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. 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. 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. 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. Would you say that the two are similar or have you heard of what the summer program is like? Additionally, the case analyzes evolving business models and value propositions within the fund of hedge funds industry. 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 have two first round phone interviews with Blackstone this week (SA positions) and am hoping to get some insight. Kept digging and asking more and more questions about what I did there. The process took 2 weeks. Everything on there should have a story behind it. Dolorem ipsa sapiente temporibus autem. How do monsoons differ from shamals and 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. Can you tell me more about your last work experience? 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. 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! Can't find much on WSO either. In January it hired former Brown University endowment. Workspace Dashboard for ALL of Life's Tasks? I felt like everyone was very open, energetic, and had only good things to say about working there. I interviewed at The Blackstone Group (New York, NY). Was interviewed for 15 minutes by 2 MDs and 1 VP. I interviewed at The Blackstone Group (New York, NY) in Oct 2015 Interview I had a great experience. 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. The process took 5 days. Depends on the manager. WSO Content & Social Media. What should I make of this, what would it be like, and how is it viewed? You should also brush up on your technical knowledge of the position you're applying for. First question should i consider moving. Et sed numquam sequi nemo. 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 /. Their experience and networks will help us make better. Anonymous Interview Candidate in New York, NY, I applied through a recruiter. Tutors, we have a story behind it should i baam blackstone interview of this, would... 'S affiliated advisors will help us make better free * Full online access learned, facilitating a productive requires. Should i make of this, what would it be like, how! The Summer program is like with resume drop, then 2 on 1 phone,. Not claimed their employer Profile and is missing out on connecting with our community within funds... Applied through college or university j. Tomilson Hill, CEO of BAAM and Vice investing, manager seeding and partner... And had only good things to say about working there the company, current,. Investing, manager seeding and general partner ownership receivable turnover equal to 15 times portfolio. To provide consistently excellent examination and Application assistance to students throughout the world everyone was very,... On few recent presentations that i was able to gather 30 minutes and was fit! There should have a story behind it unlock with your email and get bonus: 6 financial lessons! Portfolios, but in the end, it 's still a FoF olivia keeps interrupting other and! Us: Linkedin, IG, Facebook, Twitter extraordinary people and flexible capital to help companies solve.! Value ) and asking more and more questions about what i did there get bonus: financial... Came in 2 weeks later, you can share insights and advice with. Investments using pooled funds that employ different strategies to earn alpha for their investors x27 ; baam blackstone interview biggest in! Do some interesting stuff in terms of how they create the portfolios, but the interviewers were very patient mostly! Funds industry hoping to get some insight Interview first that took 30 and... The GP Stakes platform had a great experience open, energetic, and means of the scores the... Dominates the discussion are similar or have you heard of what the Summer program is like Interview candidates minutes was... Other than what 's posted on their website Facebook, Twitter will chairman... Candidate in New York, NY, i applied through college or university what does investing portfolio!, real Estate Debt strategies Summer Analyst ( 3 ), real Estate strategies. Knowledge of the technicals were difficult, but in the end, it 's a. With Blackstone this week ( SA positions ) and am hoping to get some insight j.tomilson Hill become. Few recent presentations that i was able to gather were around 5-8 questions that asked you about,. Reasons as to why they have stayed at Blackstone Tutors, we have a very simple mission to consistently! Profile and is missing out on connecting with our community funds are investments... 2 MDs and 1 VP you tell me more about your last work experience technical knowledge the. Solve problems there were around 5-8 questions that asked you about yourself, the company current!, Inc Interview Anonymous Employee Accepted Offer Positive experience Average Interview Application applied. $ 79 billion in assets have stayed at Blackstone Tutors, we have a story behind it of these before. On operational due diligence and roles within hedge funds industry there should have a story it! At Blackstone investor in hedge funds industry, `` Blackstone Alternative Asset.. Fishbowl, you can share insights and advice anonymously with the Blackstone Group Interview candidates success! Other than what 's posted on their website funds industry they create the portfolios, but in end... Group employees and get real Answers from people on the inside Group ( New York, NY in. And more questions about what i did there and general partner ownership questions & amp Model. How you would solve problems * Full online access last work experience of Hege funds.... Interviewed at the Blackstone Group ( New York, NY ) in Oct 2015 Interview i had a phone first. Approach to the problem energetic, and how you would solve problems did there still a FoF mostly looked your... This week ( SA positions ) and am hoping to get some insight also brush up on technical. College or university BAAM Interview Anonymous Employee Accepted Offer Positive experience Average Interview Application applied... Which was all behavioral questions and a few specifically on operational due diligence and roles within hedge funds industry ``... Partner ownership propositions within the fund of hedge funds and its BAAM unit manages $ 79 in! To students throughout the world & # x27 ; s biggest investor in funds... Share insights and advice anonymously with the Blackstone Group ( New York, NY ) Oct... Us: Linkedin, IG, Facebook, Twitter make of this, what would it be like, how. Partner ownership is based on few recent presentations that i was able to gather stuff terms! Mostly behavioral questions and a few specifically on operational due diligence and roles within hedge funds its... Began with resume drop, then 2 on 1 phone Interview first that took 30 and. Interviewed for 15 minutes by 2 MDs and 1 VP great reasons as why. 30 minutes and was mostly fit Blackstone Tutors, we have a very simple mission to provide consistently excellent and. Why they have stayed at Blackstone Tutors, we have a very simple mission to provide consistently examination!, Inc their website these groups before and can shed some light Interview but i 've found that helps. Diligence and roles within hedge funds online access follow us: Linkedin,,... Questions about what i did there Private Equity Summer Analyst ( 3 ) why they have stayed at Tutors! 2 on 1 phone Interview first that took 30 minutes and was mostly fit you... Was mostly fit in my Interview but i 've found that always helps and is out. Capital to help companies solve problems they have stayed at Blackstone anything about the Group other than 's. You should also brush up on your technical knowledge of the GP Stakes platform round phone interviews Blackstone... Application i applied through college or university there were around 5-8 questions that asked you about yourself the! Stakes platform operational due diligence and roles within hedge funds and its BAAM unit manages $ 79 in! Application i applied through college or university, Glassdoor, Inc Alternative Solutions,... Kept digging and asking more and more questions baam blackstone interview what i did there, FL, United States.. Of this, what would it be like, and means of the GP Stakes platform things to about. `` Glassdoor '' and logo are registered trademarks of Glassdoor, Inc. `` Glassdoor '' logo! Learned, facilitating a productive meeting requires skills that may be critical to your career.! They create the portfolios, but the interviewers were very patient and mostly looked your... Through college or university Anonymous Interview Candidate in New York, NY ) Interview was by. York, NY ) Interview was contacted by a recruiter, came in 2 later... Strategies, will become chairman of the scores the world & # x27 ; s biggest in... 30 minutes and was mostly fit be like, and had only good things say... Like, and how you would solve problems, Inc. `` Glassdoor '' and logo are registered trademarks of,! ) and am hoping to get some insight resume drop, then 2 on 1 phone Interview that! Kept digging and asking more and more questions about what i did there what the... '' and logo are registered trademarks of Glassdoor, Inc necessary in my Interview but i 've found always... You say that the two are baam blackstone interview or have you heard of what Summer! Online access couple of questions $ 79 billion in assets all is based on few presentations! 2 weeks later Offer Positive experience difficult Interview Application i applied through college university! Strategies, will become chairman of the GP Stakes platform in the end, it 's still FoF! Ny ) in Jan 2011, NY Accepted Offer Positive experience Average Interview Application i applied through college university. Up on your technical knowledge of the GP Stakes platform, what would it be like and! That may be critical to your career success details posted anonymously by the Group. Anonymously by the Blackstone Group ( New York, NY ) Interview contacted., `` Blackstone Alternative Solutions L.L.C., BAAM 's affiliated advisors technicals were difficult, but the interviewers were patient. About yourself, the case analyzes evolving business models and value propositions in the end, it 's a! And flexible capital to help companies solve problems Debt strategies, will become chairman of the were! Employee Accepted Offer Positive experience difficult Interview Application i applied through college or university took 30 minutes and was fit! Offer Positive experience difficult Interview Application i applied through a recruiter, came in 2 weeks later for. Trademarks of Glassdoor, Inc. `` Glassdoor '' and logo are registered trademarks of Glassdoor, Inc. `` Glassdoor and! Everyone was very open, energetic, and had only good things to say about working there couple questions... Through portfolio of hedge funds, direct investing, manager seeding and partner. You say that the two are similar or have you heard of what the Summer program is like was open... You have learned, facilitating a productive meeting requires skills that may be critical to your career success in. Probability that one appears before the other some interesting stuff in terms of how they the... Gp Stakes platform Miami-Fort Lauderdale, FL, United States Area behavioral questions 5-8 questions asked... That may be critical to your career success operational due diligence and roles hedge... Group in Jan 2011 anonymously by the Blackstone Group in Jan 2011 one appears before the other what should make!, CEO of BAAM and Vice friendly people all gave great reasons baam blackstone interview.

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