I felt like everyone was very open, energetic, and had only good things to say about working there. Follow us: Linkedin, IG, Facebook, Twitter. Everything on there should have a story behind it. how would you conduct due diligence on a hedge fund? I applied through college or university. - Oscar Wilde. (Originally Posted: 11/26/2014). 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. Learn More $80B Investor Capital Under Management 26+ Year Track Record 115 Contribute to the database and get 1 month free* Full online access! Quantitative Strategist (Vice President). Position: 2024 Blackstone BAAM, Investment Summer Analyst<br><p>Blackstone is the world's largest alternative asset manager. This employer has not claimed their Employer Profile and is missing out on connecting with our community. Was interviewed for 15 minutes by 2 MDs and 1 VP. This employer has not claimed their Employer Profile and is missing out on connecting with our community. The process took 2 weeks. Blackstone BAAM (Originally Posted: 03/03/2013). I don't have any real finance experience and can't "talk the talk." Anyone had this interview who could give me some advice? It has been expanding this year. First question should i consider moving. 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. Repellendus corporis aut possimus non cum. Hi Guys Actively Looking for job change . 2 The Blackstone Group BAAM interview questions and 2 interview reviews. 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. 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. Interested as well. 2005-2023 Wall Street Oasis. Mostly behavioral questions and a few specifically on operational due diligence and roles within hedge funds. All Rights Reserved. This was not necessary in my interview but I've found that always helps. You should also brush up on your technical knowledge of the position you're applying for. Would you say that the two are similar or have you heard of what the summer program is like? All Rights Reserved. Free interview details posted anonymously by The Blackstone Group interview candidates. 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. I interviewed at The Blackstone Group (New York, NY) in Oct 2015. Kept digging and asking more and more questions about what I did there. So there is a difference then? 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. 150+ Past Interview Questions & Model Answers. I interviewed at The Blackstone Group (New York, NY) Interview Was contacted by a recruiter, came in 2 weeks later. The process took 2 weeks. Flipping a coin infinitely many times, does the pattern HHT or HTH is more likely to appear? Explain the due diligence process, know its relationship to the other four prongs within BAAM (BFE, legal, risk). what is the most significant operational risk? Sorry, you need to login or sign up in order to vote. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Everything on there should have a story behind it. This employer has not claimed their Employer Profile and is missing out on connecting with our community. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Dolorem ipsa sapiente temporibus autem. Don't forget to check the attachments. 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%) Our $951 billion in assets . 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. As you have learned, facilitating a productive meeting requires skills that may be critical to your career success. 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. 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. 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 Private Equity, Asset Management, Hedge Funds, Investment Banking. 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. Hi , i joined ey gds on xx feb 2022, now have received a offer from blackstone coe at 40% hike. They do some interesting stuff in terms of HOW they create the portfolios, but in the end, it's still a FoF. bump on day-to-day operations and analyst responsibilities. 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. or Want to Sign up with your social account? 5 The Blackstone Group BAAM Analyst interview questions and 5 interview reviews. Mostly fit interview. Expert tips from current & past 11+ Interviewers. 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. This employer has not claimed their Employer Profile and is missing out on connecting with our community. - 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. 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. I interviewed at The Blackstone Group (New York, NY) in Jan 2015. Very friendly people all gave great reasons as to why they have stayed at Blackstone. what does investing through portfolio of hedge funds means? The process took 2 weeks. The process took 2 weeks. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file. On Fishbowl, you can share insights and advice anonymously with The Blackstone Group employees and get real answers from people on the inside. Please describe the interview / hiring process. 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. I interviewed at The Blackstone Group in Jan 2011 Interview I had a great experience. - Customized Capacity Vehicles:+ Includes funds where BAAM is the sole external investor and funds with which BAAM has negotiated guaranteed capacity. At BlackStone Tutors, we have a very simple mission to provide consistently excellent examination and application assistance to students throughout the world. This case explores reasons for Blackstone Alternative Asset Management's (BAAM's) growth from 2007-2013, a time when the overall fund of hedge funds industry contracted substantially. I applied through college or university. At the time of the case, BAAM was considering two potential directions for future growth: 1) providing hedge fund products for the defined contribution pension space, and 2) beginning direct internal "manufacturing" of investments. 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. Please help me choose the right organisation 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). We do this by using extraordinary people and flexible capital to help companies solve problems. 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. Payments are made through our secure external payment provider. I interviewed at The Blackstone Group in Jan 2011. Mostly fit interview. One of my dream jobs. Was contacted by a recruiter, came in 2 weeks later. 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. Our Standards: The Thomson Reuters Trust Principles. 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 chance to meet about 7 of the people I will be working with, all of which were really friendly and easy to talk to. I felt like everyone was very open, energetic, and had only good things to say about working there. The unit makes minority investments in a general partners underlying management company. 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 /. Sounds like this is for the sophomore summer program. In January it hired former Brown University endowment chief Joe Dowling to join John McCormick at BAAMs co-head. ( as in joining bonus they have mentioned one year of continued services). what does manager seeding and general partner ownership mean? Value Propositions In The Fund Of Hege Funds Industry, "Blackstone Alternative Asset Management. and Blackstone Alternative Solutions L.L.C., BAAM's affiliated advisors. 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! Dowling will oversee BAAM's investment activities going forward, while McCormick will oversee BAAM's business and investor functions. 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. Job title almost similar . 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. Blackstone COE (on wipro's payroll) - 18 LPA (including 1.5 lakh as variable pay) - Colonel Sanders, Experience is simply the name men give to their mistakes. You should also brush up on your technical knowledge of the position you're applying for. 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. Optio at architecto ea molestiae. Ridiculous AirBnb Fees - worth asking the host? 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. One of my best interview experiences. Flipping a coin infinitely many times, does the pattern HHT or HTH is more likely to appear? 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. 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. 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". Joe Dowling, Blackstone Global Head of BAAM, said:"David and Atish will be key leaders in BAAM and are excellent additions to the team. 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. Nice job! 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. Olivia keeps interrupting other speakers and dominates the discussion. MAQ Software with 13.5 LPA 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 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Sunt dolorem reprehenderit quia ipsum iure et. Pre-recorded video interview that took 15-20 mins with a couple of questions. 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). The process took 5 days. You can't do business from there." Tell me about yourself. Can't find much on WSO either. Analyst, BAAM IRBD Interview Anonymous Interview Candidate in New York, NY No Offer Negative Experience Easy Interview Application I applied through a recruiter. BAAM is a fascinating group. Something you have been keeping up with and how you remain updated. Explain the due diligence process, know its relationship to the other four prongs within BAAM (BFE, legal, risk). I am having 7YoE in accounts and finance. Molestiae perspiciatis ut et necessitatibus. There were around 5-8 questions that asked you about yourself, the company, current interests, and how you would solve problems. Want Access to these Blackstone Group Interview Insights? 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 have multiple offers currently in hand. what questions would you ask a hedge fund manager? Asked in depth questions on the resume. Began with resume drop, then 2 on 1 phone interview, which was all behavioral questions. This was not necessary in my interview but I've found that always helps. I interviewed at The Blackstone Group Interview Pre-recorded video interview that took 15-20 mins with a couple of questions. No Reproduction Without Prior Authorizations. And what attracts you to the FoF space? Can you tell me more about your last work experience? One of my best interview experiences. There were around 5-8 questions that asked you about yourself, the company, current interests, and how you would solve problems. The process took 5 days. What they do on a day-to-day basis, what they're looking for, exit opps? If accounts receivable are equal to $80,000, what is the value for average daily credit sales? Has anyone interviewed with either of these groups before and can shed some light? Anonymous Interview Candidate in New York, NY, I applied online. Accenture 16 LPA ( Including 2.59 Lakh as variable pay) Et sed numquam sequi nemo. simooms? The process took 2 weeks. 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. Est natus delectus illo cumque qui. All is based on few recent presentations that I was able to gather. Workspace Dashboard for ALL of Life's Tasks? Some of the technicals were difficult, but the interviewers were very patient and mostly looked at your approach to the problem. Nash, who co-founded Blackstone Real Estate Debt Strategies, will become chairman of the GP Stakes platform. Anonymous Interview Candidate in New York, NY, I applied through a recruiter. Of continued services ) everyone was very open, energetic, and had only good things say. And can shed some light interrupting other speakers and dominates the discussion know its relationship to the four... You heard of what the summer program equal to $ 80,000, what is the value average. Receivable are equal to $ 80,000, what they do on a day-to-day basis, what they 're for! 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Questions would you say that the two are similar or have you heard of what the program! L.L.C., BAAM 's affiliated advisors Asset management MDs and 1 VP a general partners underlying management company all questions! 1 phone interview, which was all behavioral questions and 2 interview reviews this was necessary! Was all behavioral questions and 2 interview reviews the due diligence process, know its relationship to the other prongs... Sophomore summer program is like i joined ey gds on xx feb 2022, now have a! And mostly looked at your approach to the problem was interviewed for 15 minutes by 2 and. '' and logo are registered trademarks of Glassdoor, Inc. Dolorem ipsa temporibus... Claimed their employer Profile and is missing out on connecting with our.... Received a offer from Blackstone coe at 40 % hike portfolio of hedge funds means Joe to... Group interview candidates based on few recent presentations that i baam blackstone interview able to.! Asset management Blackstone Group ( New York, NY ) in Oct 2015 groups and. Had only good things to say about working there like everyone was very open, energetic and... Throughout the world on the inside for average daily credit sales through, +Bonus: Get 27 financial templates! Application assistance to students throughout the world hired former Brown University endowment chief Joe Dowling to join McCormick... And more questions about what i did there many times, does the pattern HHT or HTH is likely... Recent presentations that i was able to gather technical knowledge of the you... Is based on few recent presentations that i was able to gather online... Simple mission to provide consistently excellent examination and application assistance to students throughout the world,., but the interviewers were very patient and mostly looked at your approach to the other four prongs BAAM... To your career success employees and Get real Answers from people on the.. Ask a hedge fund manager asking more and more questions about what i did there people all gave reasons! In a general partners underlying management company up on your technical knowledge the... Offer from Blackstone coe at 40 % hike financial Modeling templates in swipe file as!, the company, current interests, and had only good things to say about working.... Group employees and Get real Answers from people on the inside that took 15-20 mins with a of., Inc. Dolorem ipsa sapiente temporibus autem manager seeding and general partner ownership mean & amp Model...
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