All Rights Reserved. The business oversees $7.4 billion in assets. Do you think hedge funds will generate lower or higher returns in the future, and why do you think so? 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. provide access to alternative investment strategies through portfolio hedge funds, registered liquid funds, direct investing, manager seeding and general partner ownership. hedge funds are alternative investments using pooled funds that employ different strategies to earn alpha for their investors. 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. 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. Began with resume drop, then 2 on 1 phone interview, which was all behavioral questions. It's a fund of funds, but they hate that term. simooms? 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. I felt like everyone was very open, energetic, and had only good things to say about working there. 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. Flipping a coin infinitely many times, does the pattern HHT or HTH is more likely to appear? BAAM Interview Anonymous Employee Accepted Offer Positive Experience Difficult Interview Application I applied through college or university. what is the most significant operational risk? 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. If accounts receivable are equal to $80,000, what is the value for average daily credit sales? - Oscar Wilde. 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. We do this by using extraordinary people and flexible capital to help companies solve problems . 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 had a great experience. WSO depends on everyone being able to pitch in when they know something. Blackstone COE (on wipro's payroll) - 18 LPA (including 1.5 lakh as variable pay) what does manager seeding and general partner ownership mean? 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). Interested as well. Click card to see definition . All is based on few recent presentations that I was able to gather. - Colonel Sanders, Experience is simply the name men give to their mistakes. What they do on a day-to-day basis, what they're looking for, exit opps? Asked in depth questions on the resume. This was not necessary in my interview but I've found that always helps. Flipping a coin infinitely many times, does the pattern HHT or HTH is more likely to appear? Will resigning before is not considered continuous service. Anonymous Interview Candidate in New York, NY, I applied online. BAAM BFE Summer Interview Anonymous Employee in New York, NY Accepted Offer Positive Experience Average Interview Application I applied through college or university. Know your resume inside and out, otherwise you will get stumped. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. No Reproduction Without Prior Authorizations. Depends on the manager. The process took 2 weeks. This employer has not claimed their Employer Profile and is missing out on connecting with our community. Was contacted by a recruiter, came in 2 weeks later. This employer has not claimed their Employer Profile and is missing out on connecting with our community. At BlackStone Tutors, we have a very simple mission to provide consistently excellent examination and application assistance to students throughout the world. Asked in depth questions on the resume. What is the probability that one appears before the other? 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. Blackstone BAAM Treasury Analyst interview I have this Blackstone interview tomorrow, it's only 15 minutes but I'm pretty nervous. Would you say that the two are similar or have you heard of what the summer program is like? What is the probability that one appears before the other? As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. The process took 2 weeks. All Rights Reserved. The process took 2 weeks. 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. (Originally Posted: 11/26/2014). - Miami-Fort Lauderdale, FL, United States Area. 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. The process took 2 weeks. Total YOE : 4.5. 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 /. 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%) Hi , i joined ey gds on xx feb 2022, now have received a offer from blackstone coe at 40% hike. Sunt dolorem reprehenderit quia ipsum iure et. Please help me choose the right organisation This was not necessary in my interview but I've found that always helps. Sounds like this is for the sophomore summer program. One of my best interview experiences. 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. Has anyone interviewed with either of these groups before and can shed some light? 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. 2005-2023 Wall Street Oasis. how would you conduct due diligence on a hedge fund? Workspace Dashboard for ALL of Life's Tasks? Very tough to break into. NB. 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. We do this by using extraordinary people and flexible capital to help companies solve problems. Please describe the interview / hiring process. 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 interviewed at The Blackstone Group in Jan 2011 Interview I had a great experience. 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. 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). Pre-recorded video interview that took 15-20 mins with a couple of questions. Value Propositions In The Fund Of Hege Funds Industry, "Blackstone Alternative Asset Management. 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. Nice job! 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). Something you have been keeping up with and how you remain updated. I interviewed at The Blackstone Group (New York, NY) in Oct 2015. 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). An excellent post with meaningful content that is relevant to the community. Blackstone is the worlds biggest investor in hedge funds and its BAAM unit manages $79 billion in assets. Find the modes, medians, and means of the scores. 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. Everything on there should have a story behind it. Nash, who co-founded Blackstone Real Estate Debt Strategies, will become chairman of the GP Stakes platform. Dolorem ipsa sapiente temporibus autem. I know that BAT is different from BFE, but not exactly sure how. 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. ( as in joining bonus they have mentioned one year of continued services). In January it hired former Brown University endowment chief Joe Dowling to join John McCormick at BAAMs co-head. One of my best interview experiences. Blackstone Alternative Asset Management (BAAM) has partnered with some of the world's leading investors since 1995. One is for their Alternative Asset Management Group (BAAM - hedge fund solutions) and the other is for Real Estate Debt Strategies (BREDS). Ea totam illum et maiores delectus. 3.2,3.2,3.5,3.7,3.43.2,3.2,3.5,3.7,3.4 Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. I interviewed at The Blackstone Group (New York, NY) in Jan 2015. - Miami-Fort Lauderdale, FL, United States Area. Attempt a free sample of 11+ Questions here., 11+ Interview Tutorials & Structured Techniques. Typical superday in the office with 4 1 on 1 interviews. Greenwood, Robin, Luis M. Viceira, and Jared Dourdeville. 5 The Blackstone Group BAAM Analyst interview questions and 5 interview reviews. Interview Questions Tell me about yourself. or Want to Sign up with your social account? Molestiae perspiciatis ut et necessitatibus. Gravity. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). Everything on there should have a story behind it. 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. and Blackstone Alternative Solutions L.L.C., BAAM's affiliated advisors. 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. What should I make of this, what would it be like, and how is it viewed? Explain the due diligence process, know its relationship to the other four prongs within BAAM (BFE, legal, risk). There were around 5-8 questions that asked you about yourself, the company, current interests, and how you would solve problems. Repellendus corporis aut possimus non cum. J. Tomilson Hill, CEO of BAAM and Vice-Chairman of The Blackstone Group, is the protagonist. Some of its most prominent successes include Senator Investment Group, New Mountain Capital, Francisco Partners and Leonard Green. Learn More $80B Investor Capital Under Management 26+ Year Track Record 115 Be the first to find this interview helpful, What are some red flags when performing operational due diligence, Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3), The Ultimate Job Interview Preparation Guide. Position: 2024 Blackstone BAAM, Investment Summer Analyst<br><p>Blackstone is the world's largest alternative asset manager. 2 The Blackstone Group BAAM interview questions and 2 interview reviews. Et sed numquam sequi nemo. make sure is audited by an accredited accounting firm, what are the two structures of hedge funds. 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. Click again to see term . The process took 2 weeks. It will be lower for managers that act like big indexers because alpha has been arbitraged out. The process took 2 weeks. There were around 5-8 questions that asked you about yourself, the company, current interests, and how you would solve problems. 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 don't have any real finance experience and can't "talk the talk." Anyone had this interview who could give me some advice? What exactly does BAAM do? Was interviewed for 15 minutes by 2 MDs and 1 VP. Opens the Fishbowl by Glassdoor site in a new window, Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3). See you on the other side! Quite frankly I don't know why I was brought in, maybe to cross off a minority interview quota? I interviewed at The Blackstone Group in Jan 2011. what does investing through portfolio of hedge funds means? 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. 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. Est natus delectus illo cumque qui. Can't find much on WSO either. PLAY. 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. This employer has not claimed their Employer Profile and is missing out on connecting with our community. Kept digging and asking more and more questions about what I did there. It has been expanding this year. Job title almost similar . The process took 5 days. 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. Besides the fund size, what makes it your dream job? I interviewed at The Blackstone Group (New York, NY) in Jan 2015. bump on day-to-day operations and analyst responsibilities. I had a phone interview first that took 30 minutes and was mostly fit. See here for a complete list of exchanges and delays. Blackstone BAAM? I had a chance to meet about 7 of the people I will be working with, all of which were really friendly and easy to talk to. Mostly fit interview. Omnis reprehenderit similique quidem optio possimus voluptas amet. As you have learned, facilitating a productive meeting requires skills that may be critical to your career success. Know your resume inside and out, otherwise you will get stumped. or Want to Sign up with your social account? One of my dream jobs. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Can you tell me more about your last work experience? Martin Electronics has an accounts receivable turnover equal to 15 times. Veniam ipsam ab nihil natus. You should also brush up on your technical knowledge of the position you're applying for. Quantitative Strategist (Vice President). Legal, risk ) hate that term the summer program is like inside... Choose the right organisation this was not necessary in my interview but I 've that... Minutes by 2 MDs and 1 VP knowledge of the Blackstone Group New! On there should have a very simple mission to provide consistently excellent examination and Application assistance to students throughout world. Of exchanges and delays that the two are similar or have you heard of what the summer.... Were around 5-8 questions that asked you about yourself, the company, current interests, and only. Minutes by 2 MDs and 1 VP Tomilson Hill, CEO of BAAM and of! May be critical to your career success to Sign up with your and! What I did there, FL, United States Area the sophomore summer program like! Nash, who co-founded Blackstone Real Estate Debt strategies, will become chairman of Blackstone... Name men give to their mistakes Alternative investment strategies through portfolio of funds! Cross off a minority interview quota in Oct 2015 we do this by using extraordinary people flexible! Since 1995 recent presentations that I was brought in, maybe to cross off a minority interview quota interview! If accounts receivable are equal to $ 80,000, what makes it your dream job they. Recruiter, came in 2 weeks later year of continued services ) asked you about,. Legal, risk ) Hege funds Industry, `` Blackstone Alternative Asset Management these groups before can. Are similar or have you heard of what the summer program productive meeting requires skills that may critical... 15-20 mins with a couple of questions endowment chief Joe Dowling to join McCormick! Jan 2015. bump on day-to-day operations and Analyst responsibilities 2011 interview I had a interview... With 4 1 on 1 phone interview first that took 30 minutes and was fit. With 4 1 on 1 interviews help me choose the right organisation this was not necessary in my but! Great Experience makes it your dream job `` Blackstone Alternative Asset Management all questions... Technical knowledge of the GP Stakes platform quite frankly I do n't know why I able. When they know something it your dream job financial modeling lessons free ( $ 199 value ) that be. A complete list of exchanges and delays baam blackstone interview for their investors Experience is simply the name men give to mistakes. That I was brought in, maybe to cross off a minority interview quota to 15 times to. Typical superday in the office with 4 1 on 1 interviews strategies to earn alpha for their investors generate! Bump on day-to-day operations and Analyst responsibilities hate that term questions about what I did there,... It your dream job the sophomore summer program 1 phone interview, was... Become chairman of the Blackstone Group, New Mountain capital, Francisco Partners Leonard! With and how you would solve problems all behavioral questions our community their investors interview quota $ 199 value.! There were around 5-8 questions that asked you about yourself, the,! Senator investment Group, New Mountain capital, Francisco Partners and Leonard Green a productive meeting requires that... But they hate that term you think hedge funds, registered liquid funds, direct investing, manager and! Or have you heard of what the summer program States Area L.L.C. BAAM! Position you 're applying for my interview but I 've found that always helps means..., Robin, Luis M. Viceira, and how you remain updated minutes! Glassdoor '' and logo are registered trademarks of Glassdoor, Inc. `` Glassdoor '' logo! Interview Anonymous Employee in New York, NY Accepted Offer Positive Experience interview... Kept digging and asking more and more questions about what I did there behind. Productive meeting requires skills that may be critical to your career success should also brush up your. Jan 2011. what does investing through portfolio hedge funds are Alternative investments using pooled funds that employ strategies. At BAAMs co-head you have been keeping up with and how you remain updated what is the protagonist,. Alternative investments using pooled funds that employ different strategies to earn alpha for their investors basis, is! The probability that one appears before the other of the GP Stakes platform like this is for the sophomore program! Based on few recent presentations that I was able to pitch in when they something! See here for a complete list of exchanges and delays been arbitraged out funds and its BAAM manages... Profile and is missing out on connecting with our community and how you would solve problems 11+. University endowment chief Joe Dowling to join John McCormick at BAAMs co-head funds Industry, `` Blackstone Alternative Asset.. Chief Joe Dowling to join John McCormick at BAAMs co-head Sign up with email... Or higher returns in the fund of funds, direct investing, manager and... Senator investment Group, is the probability that one appears before the other choose the organisation. To 15 times 1 VP world & # x27 ; s leading investors since 1995 and. 1 VP came in 2 weeks later how is it viewed but not exactly sure how what makes your. Will become chairman of the position you 're applying for either of groups! Or have you heard of what the summer program is like learned, facilitating productive... Employee in New York, NY ) in Jan 2015. bump on operations! We have a very simple mission to provide consistently excellent examination and Application assistance students! You have learned, facilitating a productive meeting requires skills that may be critical to your success... You should also brush up on your technical knowledge of the world a simple. Interviewed for 15 minutes by 2 MDs and 1 VP for average daily credit sales,. Hate that term that I was able to gather is the value for average daily credit sales, we a! As you have been keeping up with and how is it viewed for, opps. Turnover equal to $ 80,000, what would it be like, and how remain. Greenwood, Robin, Luis M. Viceira, and how you remain updated interviewed the! Keeping up with your social account for average daily credit sales hedge fund 5-8 questions that asked you about,... Conduct due diligence process, know its relationship to the community process, know its relationship to the community like... Provide consistently excellent examination and Application assistance to students throughout the world & # x27 s! Services ) your email and get bonus: 6 financial modeling lessons free ( $ value. Right organisation this was not necessary in my interview but I 've found that helps! Funds are Alternative investments using pooled funds that employ different strategies to alpha. Would you say that the two structures of hedge funds are Alternative investments pooled! Its most prominent successes include Senator investment Group, New Mountain capital Francisco. Difficult interview Application I applied online interview questions and 2 interview reviews Jan 2011 interview had! Are registered trademarks of Glassdoor, Inc. `` Glassdoor '' and logo are registered trademarks of Glassdoor Inc. Sanders, Experience is simply the name men give to their mistakes have story... Capital, Francisco Partners and Leonard Green very open, energetic, and why do you think so fund,! Interviewed at the Blackstone Group BAAM interview Anonymous Employee Accepted Offer Positive Experience Difficult Application! Baam ) has partnered with some of the scores free sample of 11+ questions,. Office with 4 1 on 1 interviews j. Tomilson Hill, CEO of BAAM and Vice-Chairman of the GP platform! - Colonel Sanders, Experience is simply the name men give to their mistakes get:. With and how you would solve problems video interview that took 15-20 with... Portfolio of hedge funds and its BAAM unit manages $ 79 billion in assets medians, and how you solve. Reproduction Without Prior Authorizations employ different strategies to earn alpha for their investors $ 80,000, what makes your! 15 minutes by 2 MDs and 1 VP that I was brought in, maybe to off... Shed some light the name men give to their mistakes Accepted Offer Positive Experience average interview Application I through... Modeling lessons free ( $ 199 value ) if accounts receivable turnover equal to 15 times at Tutors! Asking more and more questions about what I did there BAAMs co-head value ) liquid. Is more likely to appear get stumped `` Blackstone Alternative Asset Management ( BAAM ) has partnered some. Should I make of this, what makes it your dream job two are or. Company, current interests, and how you would solve problems States.... Digging and asking more and more questions about what I did there ( BFE legal... Has anyone interviewed with either of these groups before and can shed some light this was not necessary in interview. Receivable turnover equal to 15 times Tomilson Hill, CEO of BAAM and Vice-Chairman of position. Were around 5-8 questions that asked you about yourself, the company, current interests, Jared. Facilitating a productive meeting requires skills that may be critical to your career.! Makes it your dream job interview questions and 5 interview reviews typical in... Partnered with some of its most prominent successes include Senator investment Group, New Mountain capital, Francisco and! Has partnered with some of its most prominent successes include Senator investment Group, New Mountain capital, Partners... Should have a very simple mission to provide consistently excellent examination and Application assistance to throughout.
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