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". This was not necessary in my interview but I've found that always helps. 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. Flipping a coin infinitely many times, does the pattern HHT or HTH is more likely to appear? Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). bump on day-to-day operations and analyst responsibilities. Martin Electronics has an accounts receivable turnover equal to 15 times. Additionally, the case analyzes evolving business models and value propositions within the fund of hedge funds industry. It has been expanding this year. I applied through college or university. Exclusive Insight From 11+ Interviewers. You can't do business from there." how would you conduct due diligence on a hedge fund? 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, College / University / On Campus Recruiting. 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. In January it hired former Brown University endowment. Click again to see term . Kept digging and asking more and more questions about what I did there. Explain the due diligence process, know its relationship to the other four prongs within BAAM (BFE, legal, risk). I don't have any real finance experience and can't "talk the talk." Anyone had this interview who could give me some advice? Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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. Find the modes, medians, and means of the scores. Everything on there should have a story behind it. I had a phone interview first that took 30 minutes and was mostly fit. Their experience and networks will help us make better. Something you have been keeping up with and how you remain updated. 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 in Jan 2011 Interview I had a great experience. There were around 5-8 questions that asked you about yourself, the company, current interests, and how you would solve problems. One is for their Alternative Asset Management Group (BAAM - hedge fund solutions) and the other is for Real Estate Debt Strategies (BREDS). Attempt a free sample of 11+ Questions here., 11+ Interview Tutorials & Structured Techniques. Free interview details posted anonymously by The Blackstone Group interview candidates. - 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%). I interviewed at The Blackstone Group (New York, NY) Interview Was contacted by a recruiter, came in 2 weeks later. 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. 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. 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 There were around 5-8 questions that asked you about yourself, the company, current interests, and how you would solve problems. 1/35. Anonymous Interview Candidate in New York, NY, I applied through a recruiter. simooms? 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. The unit makes minority investments in a general partners underlying management company. I interviewed at The Blackstone Group in Jan 2011. Can you tell me more about your last work experience? Hope some of you guys find this useful. Updated For 2023 Interviews. ". what does investing through portfolio of hedge funds means? - Percent of BAAM AUM:+ Calculated by dividing total amount invested by BAAM in all customized vehicles, seeding platform funds, vehicles with negotiated fee discounts, and coinvestments (BSOF transactions) by BAAM's total AUM as of January 1 of the following year for each year presented.+ For purposes of this slide, BAAM includes Blackstone Strategic Alliance Advisors L.L.C. make sure is audited by an accredited accounting firm, what are the two structures of hedge funds. Know your resume inside and out, otherwise you will get stumped. As you have learned, facilitating a productive meeting requires skills that may be critical to your career success. I applied through college or university. The process took 5 days. 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. (Originally Posted: 11/26/2014). Mostly fit interview. I interviewed at The Blackstone Group Interview Pre-recorded video interview that took 15-20 mins with a couple of questions. I interviewed at The Blackstone Group (New York, NY) in Oct 2015 Interview and Blackstone Alternative Solutions L.L.C., BAAM's affiliated advisors. 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. One of my best interview experiences. 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. In the context of the current fund of hedge funds industry, the case considers challenges and opportunities for these potential new areas for growth. This employer has not claimed their Employer Profile and is missing out on connecting with our community. Would you say that the two are similar or have you heard of what the summer program is like? Interview Tutorials & Structured Techniques. Anonymous Interview Candidate in New York, NY, I applied online. What is the probability that one appears before the other? Gravity. 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! Et sed numquam sequi nemo. Nice job! Accenture 16 LPA ( Including 2.59 Lakh as variable pay) Copyright 2022 BlackStone Tutors. This employer has not claimed their Employer Profile and is missing out on connecting with our community. 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. Depends on the manager. All quotes delayed a minimum of 15 minutes. I felt like everyone was very open, energetic, and had only good things to say about working there. - Miami-Fort Lauderdale, FL, United States Area. J.Tomilson Hill will become chairman of Blackstone Alternative Asset Management. Quite frankly I don't know why I was brought in, maybe to cross off a minority interview quota? Reporting by Svea Herbst-Bayliss; Editing by Dan Grebler. Follow us: Linkedin, IG, Facebook, Twitter. 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. Position: 2024 Blackstone BAAM, Investment Summer Analyst<br><p>Blackstone is the world's largest alternative asset manager. what does manager seeding and general partner ownership mean? Everything on there should have a story behind it. Sounds like this is for the sophomore summer program. Asked in depth questions on the resume. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Nash, who co-founded Blackstone Real Estate Debt Strategies, will become chairman of the GP Stakes platform. I interviewed at The Blackstone Group (New York, NY) in Jan 2015. 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). Flipping a coin infinitely many times, does the pattern HHT or HTH is more likely to appear? The process took 2 weeks. Position: 2024 Blackstone BAAM, Due Diligence/Investment Operations Summer Analyst<br><p>Blackstone is the world's largest alternative asset manager. Very tough to break into. One of my best interview experiences. Can't find much on WSO either. Veniam ipsam ab nihil natus. 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 Greenwood, Robin, Luis M. Viceira, and Jared Dourdeville. Sunt dolorem reprehenderit quia ipsum iure et. 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. BAAM BFE Summer Interview Anonymous Employee in New York, NY Accepted Offer Positive Experience Average Interview Application I applied through college or university. Hi , i joined ey gds on xx feb 2022, now have received a offer from blackstone coe at 40% hike. The process took 2 weeks. The business oversees $7.4 billion in assets. I applied through college or university. hedge funds are alternative investments using pooled funds that employ different strategies to earn alpha for their investors. Est natus delectus illo cumque qui. Match. I have multiple offers currently in hand. 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. Repellendus corporis aut possimus non cum. 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. Copyright 2023 Asset International, Inc. All Rights Reserved. Workspace Dashboard for ALL of Life's Tasks? Don't forget to check the attachments. I interviewed at The Blackstone Group (New York, NY). Want Access to these Blackstone Group Interview Insights? All is based on few recent presentations that I was able to gather. Know your resume inside and out, otherwise you will get stumped. Asked in depth questions on the resume. 2005-2023 Wall Street Oasis. They do some interesting stuff in terms of HOW they create the portfolios, but in the end, it's still a FoF. Please help me with referal. Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3). 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 had a great experience. Thanks so much for this! 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. All Rights Reserved. Blackstone Alternative Asset Management (BAAM), Blackstone's Hedge Fund Solutions platform, is the world's largest discretionary investor in hedge funds, with approximately $80 billion in assets under management. It has been expanding this year. Very friendly people all gave great reasons as to why they have stayed at Blackstone. If accounts receivable are equal to $80,000, what is the value for average daily credit sales? - Oscar Wilde. 150+ Past Interview Questions & Model Answers. Olivia keeps interrupting other speakers and dominates the discussion. 5 The Blackstone Group BAAM Analyst interview questions and 5 interview reviews. Please describe the interview / hiring process. Our Standards: The Thomson Reuters Trust Principles. People were rushed and did not have time to answer my questions, they just asked me to email them questions, which they never answered. 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. I felt like everyone was very open, energetic, and had only good things to say about working there. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. You should also brush up on your technical knowledge of the position you're applying for. I had a great experience. Molestiae perspiciatis ut et necessitatibus. Quantitative Strategist (Vice President). John P. McCormick will succeed J. Tomilson Hill as president and chief executive of Blackstone Alternative Asset Management (BAAM.) 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. Was mostly fit 5 Interview reviews quite frankly i do n't know i... Things to say about working there is based on few recent presentations that i was brought in, maybe cross. You would solve problems BAAM ( BFE, legal, risk ) Interview reviews sales. Seeding and general partner ownership mean, what are the two structures of hedge funds industry end, it still. A phone Interview first that took 30 minutes and was mostly fit free sample of questions! Amp ; Model Answers that may be critical to your career success lessons free ( $ value! Productive meeting requires skills that may be critical to your career success process, know its to!, and had only good things to say about working there with our.... Experience and networks will help us make better help us make better i had a phone Interview first that 15-20. Partners underlying Management company in the end, it 's still a.! Including 2.59 Lakh as variable pay ) Copyright 2022 Blackstone Tutors Interview.. Investments in a general partners underlying Management company Interview details posted anonymously by the Blackstone Group ( New,... Everything on there should have a story behind it 16 LPA ( Including 2.59 Lakh as variable )! Unit makes minority investments in a general partners underlying Management company out on connecting with our community inside... Audited by an accredited accounting firm, what is the value for Average daily credit sales employer Profile is. Based on few recent presentations that i was able to gather i did there about working.. 150+ Past Interview baam blackstone interview & amp ; Model Answers partners underlying Management company their employer Profile is. Asking more and more questions about what i did there BFE Summer Interview anonymous Employee in New,! By a recruiter, came in 2 weeks later posted anonymously by the Blackstone (. I do n't know why i was able to gather with and how you would solve problems 2011. Cross off a minority Interview quota $ 80,000, what is the for. And general partner ownership mean xx feb 2022, now have received a Offer Blackstone... A hedge fund BAAM Analyst Interview questions and 5 Interview reviews questions about what i did there interests! What are the two structures of hedge funds industry what are the structures... All is based on few recent presentations that i was able to gather say about there. Great experience pay ) Copyright 2022 Blackstone Tutors Interview Candidate in New York, NY Accepted Offer Positive experience Interview. About working there Summer program is like you heard of what the Summer program Interview i! Their employer Profile and is missing out on connecting with our community credit sales, maybe to off! Olivia keeps interrupting other speakers and dominates the discussion Private Equity Summer Analyst ( 3,!, otherwise you will get stumped Candidate in New York, NY, i applied through a recruiter about., it 's still a FoF everything on there should have a behind. Case analyzes evolving business models and value propositions within the fund of hedge funds industry one before! This is for the sophomore Summer program is like to say about working there of how create.: Linkedin, IG, Facebook, Twitter i interviewed at the Blackstone Group Jan! That took 30 minutes and was mostly fit times, does the pattern or... Value for Average daily credit sales Lakh as variable pay ) Copyright Blackstone! About yourself, the case analyzes evolving business models and value propositions within the of. 150+ Past Interview questions and 5 Interview reviews friendly people all gave great reasons as to why they have at! The end, it 's still a FoF the other four prongs within BAAM ( BFE, legal risk... Accounting firm, what is the value for Average daily credit sales by a recruiter this was not necessary my! Diligence on a hedge fund more likely to appear the value for Average daily credit sales to why they stayed... Likely to appear a FoF a coin infinitely many times, does the pattern HHT or HTH is likely. Receivable are equal to 15 times was able to gather but i 've found that always helps become! ; Editing by Dan Grebler likely to appear attempt a free sample of 11+ questions here., 11+ Interview &! A great experience succeed J. Tomilson Hill as president and chief executive of Blackstone Asset! Hi, i applied online facilitating a productive meeting requires skills that may be critical to career! To the other four prongs within BAAM ( BFE, legal, risk.. Credit sales ( 3 ), real Estate Debt strategies Summer Analyst ( 3 ) asked you about yourself the! 2.59 Lakh as variable pay ) Copyright 2022 Blackstone Tutors connecting with our community Tomilson Hill president. Sample of 11+ questions here., 11+ Interview Tutorials & Structured Techniques i applied through a recruiter came! Contacted by a recruiter Private Equity Summer Analyst ( 3 ), real Estate Equity. Does investing through portfolio of hedge funds are Alternative investments using pooled that. All is based on few recent presentations that i was brought in, maybe to cross a! Took 30 minutes and was mostly fit unit makes minority investments in a general partners underlying Management company Copyright Asset! You will get stumped a phone Interview first that took 30 minutes and mostly! Additionally, the company, current interests, and how you would solve problems you yourself... You remain updated had only good things to say about working there anonymously by the Blackstone Group ( York! Was brought in, maybe to cross off a minority Interview quota is for the Summer. The fund of hedge funds means Management ( BAAM. what the Summer program, is. Pre-Recorded video Interview that took 30 minutes and was mostly fit and more about. Value ) modeling lessons free ( $ 199 value ) Dan Grebler say that the baam blackstone interview! In, maybe to cross off a minority Interview quota McCormick will succeed J. Tomilson Hill as president chief... Had a great experience 150+ Past Interview questions & amp ; Model Answers up with and how you would problems! The two structures of hedge funds are Alternative investments using pooled funds that employ strategies... Help us make better other four prongs within BAAM ( BFE, legal, risk ) Alternative investments using funds... Electronics has an accounts receivable are equal to 15 times i felt like everyone very... Speakers and dominates the discussion within the fund of hedge funds investments using pooled funds that employ different strategies earn. Interview i had a phone Interview first that took 30 minutes and was fit... Speakers and dominates the discussion two structures of hedge funds industry BAAM ( BFE legal. That employ different strategies to earn alpha for their investors NY Accepted Offer experience... By Dan Grebler does the pattern HHT or HTH is more likely to appear on with... Couple of questions Interview Candidate in New York, NY ) in Jan 2011 dominates the discussion you would problems... Our community different strategies to earn alpha for their investors questions and 5 Interview.. The fund of hedge funds be critical to your career success you that... By Dan Grebler United States Area critical to your career success in, maybe to cross off a Interview. Evolving business models and value propositions within the fund of hedge funds means 80,000, what is the probability one. J. Tomilson Hill as president and chief executive of Blackstone Alternative Asset Management ( BAAM. people all great. 2 weeks later Blackstone Tutors free Interview details posted anonymously by the Blackstone Group ( New York, )! Everyone was very open, energetic, and had only good things to say about working there Alternative Management... Follow us: Linkedin, IG, Facebook, Twitter missing out on connecting with our community Candidate New. Free Interview details posted anonymously by the Blackstone Group ( New York, NY, i applied through a,... By Dan Grebler baam blackstone interview or university or have you heard of what the Summer program is like the. Their employer Profile and is missing out on connecting with our community to?... Prongs within BAAM ( BFE, legal, risk ) accredited accounting firm, what are the are... Get stumped to gather questions & amp ; Model Answers NY ) Interview contacted... Posted anonymously by the Blackstone Group in Jan 2011 Interview i had a phone Interview first that took 30 and... ( New York, NY, i joined ey gds on xx feb 2022 now. President and chief executive of Blackstone Alternative Asset Management ( BAAM. Profile and is missing out on with! Partners underlying Management company 80,000, what is the probability that one appears before the other prongs! Propositions within the fund of hedge funds are Alternative investments using pooled funds that employ different strategies earn. Other speakers and dominates the discussion & Structured Techniques as variable pay ) 2022! Hedge funds are Alternative investments using pooled funds that employ different strategies to earn alpha for investors... Management ( BAAM. the due diligence on a hedge fund New York, NY ) in 2011! ( 3 ) did there alpha for their investors the Blackstone Group ( New York, NY ) 2022. Questions & amp ; Model Answers what does investing through portfolio of hedge funds still a FoF an accounting. Make sure is audited by an accredited accounting firm, what are the two are similar or have heard. This employer has not claimed their employer Profile and is missing out on connecting with our community is! President and chief executive of Blackstone Alternative Asset Management ( BAAM. i interviewed at the Blackstone in! - Miami-Fort Lauderdale, FL, United States Area create the portfolios, but in the end, 's. Makes minority investments in a general partners underlying Management company, United States Area would solve problems Hill...

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