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. Click again to see term . At BlackStone Tutors, we have a very simple mission to provide consistently excellent examination and application assistance to students throughout the world. I interviewed at The Blackstone Group (New York, NY). Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3), The Ultimate Job Interview Preparation Guide. - Miami-Fort Lauderdale, FL, United States Area. I felt like everyone was very open, energetic, and had only good things to say about working there. Opens the Fishbowl by Glassdoor site in a new window, 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. Total YOE : 4.5. The process took 2 weeks. make sure is audited by an accredited accounting firm, what are the two structures of hedge funds. Optio at architecto ea molestiae. WSO depends on everyone being able to pitch in when they know something. 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. No Reproduction Without Prior Authorizations. 2005-2023 Wall Street Oasis. what does investing through portfolio of hedge funds means? PLAY. The process took 2 weeks. Private Equity, Asset Management, Hedge Funds, Investment Banking. Don't forget to check the attachments. Molestiae perspiciatis ut et necessitatibus. 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. or Want to Sign up with your social account? I then had one more slightly longer phone interview, followed by a final interview in New York. EY India Accenture India PwC KPMG BlackRock Blackstone Ameriprise Financial Deloitte Genpact British Telecom IBM Tata Consultancy JPMorgan Chase Barclays Royal enfield HSBC India American Express Walmart, Hi Everyone! As you have learned, facilitating a productive meeting requires skills that may be critical to your career success. 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. Olivia keeps interrupting other speakers and dominates the discussion. I had a great experience. how would you conduct due diligence on a hedge fund? Position: 2024 Blackstone BAAM, Due Diligence/Investment Operations Summer Analyst<br><p>Blackstone is the world's largest alternative asset manager. 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. See you on the other side! We do this by using extraordinary people and flexible capital to help companies solve problems. All Rights Reserved. 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. Kept digging and asking more and more questions about what I did there. The process took 2 weeks. If accounts receivable are equal to $80,000, what is the value for average daily credit sales? Interview Questions Tell me about yourself. I applied through college or university. Sorry, you need to login or sign up in order to vote. I then had one more slightly longer phone interview, followed by a final interview in New York. I applied through college or university. One of my dream jobs. All quotes delayed a minimum of 15 minutes. Repellendus corporis aut possimus non cum. And what attracts you to the FoF space? Payments are made through our secure external payment provider. Attempt a free sample of 11+ Questions here., 11+ Interview Tutorials & Structured Techniques. - Oscar Wilde. BAAM BFE Summer Interview Anonymous Employee in New York, NY Accepted Offer Positive Experience Average Interview Application I applied through college or university. Anyone know anything about the group other than what's posted on their website? Asked in depth questions on the resume. 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. Please help me with referal. The process took 5 days. Hi Guys Actively Looking for job change . Additionally, the case analyzes evolving business models and value propositions within the fund of hedge funds industry. It has been expanding this year. 1/35. Joe Dowling, Blackstone Global Head of BAAM, said:"David and Atish will be key leaders in BAAM and are excellent additions to the team. Blackstone Alternative Asset Management (BAAM) manages approximately $80 billion across a diversified set of businesses, including a customized portfolio solutions business, a special situations . Omnis reprehenderit similique quidem optio possimus voluptas amet. Want Access to these Blackstone Group Interview Insights? ". Hope some of you guys find this useful. 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. 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. I interviewed at The Blackstone Group (New York, NY) in Oct 2015. Blackstone BAAM (Originally Posted: 03/03/2013). Accenture 16 LPA ( Including 2.59 Lakh as variable pay) Value Propositions In The Fund Of Hege Funds Industry, "Blackstone Alternative Asset Management. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Sunt dolorem reprehenderit quia ipsum iure et. 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 2022 BlackStone Tutors. WSO Content & Social Media. 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. Reporting by Svea Herbst-Bayliss; Editing by Dan Grebler. 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. Exclusive Insight From 11+ Interviewers. 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. 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 /. Besides the fund size, what makes it your dream job? what is the most significant operational risk? Quantitative Strategist (Vice President). Analyst, BAAM IRBD Interview Anonymous Interview Candidate in New York, NY No Offer Negative Experience Easy Interview Application I applied through a recruiter. Blackstone BAAM Treasury Analyst interview I have this Blackstone interview tomorrow, it's only 15 minutes but I'm pretty nervous. 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. 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. It will be lower for managers that act like big indexers because alpha has been arbitraged out. 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. Some of the technicals were difficult, but the interviewers were very patient and mostly looked at your approach to the problem. what questions would you ask a hedge fund manager? They're the world's largest fund-of-funds. Position: 2024 Blackstone BAAM, Investment Summer Analyst<br><p>Blackstone is the world's largest alternative asset manager. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). I interviewed at The Blackstone Group (New York, NY) in Jan 2015. (Originally Posted: 11/26/2014). - 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. Martin Electronics has an accounts receivable turnover equal to 15 times. 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. J.Tomilson Hill will become chairman of Blackstone Alternative Asset Management. 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. 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). 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. Their experience and networks will help us make better. 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. Explain the due diligence process, know its relationship to the other four prongs within BAAM (BFE, legal, risk). 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. 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. Interview Tutorials & Structured Techniques. NB. 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? I know that BAT is different from BFE, but not exactly sure how. One of my best interview experiences. 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. Sounds like this is for the sophomore summer program. hedge funds are alternative investments using pooled funds that employ different strategies to earn alpha for their investors. 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). 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. 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. All Rights Reserved. I felt like everyone was very open, energetic, and had only good things to say about working there. This employer has not claimed their Employer Profile and is missing out on connecting with our community. I interviewed at The Blackstone Group in Jan 2011. 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. Know your resume inside and out, otherwise you will get stumped. What should I make of this, what would it be like, and how is it viewed? What is the probability that one appears before the other? The process took 2 weeks. Tell me about yourself. 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. You should also brush up on your technical knowledge of the position you're applying for. What they do on a day-to-day basis, what they're looking for, exit opps? Flipping a coin infinitely many times, does the pattern HHT or HTH is more likely to appear? 150+ Past Interview Questions & Model Answers. I had a phone interview first that took 30 minutes and was mostly fit. Kept digging and asking more and more questions about what I did there. ( as in joining bonus they have mentioned one year of continued services). John P. McCormick will succeed J. Tomilson Hill as president and chief executive of Blackstone Alternative Asset Management (BAAM.) Asked in depth questions on the resume. Explain the due diligence process, know its relationship to the other four prongs within BAAM (BFE, legal, risk). simooms? 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". Anonymous Interview Candidate in New York, NY, I applied through a recruiter. 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 Blackstone is the worlds biggest investor in hedge funds and its BAAM unit manages $79 billion in assets. Audited by an accredited accounting firm, what would it be like and... And chief executive of Blackstone Alternative Asset Management, hedge funds, Investment Banking this is the... Dan Grebler Tutorials & Structured Techniques, followed by a final interview in New York baam blackstone interview to in... P. McCormick will succeed J. Tomilson Hill as president and chief executive of Blackstone Asset! It your dream job and out, otherwise you will get stumped for, exit opps fund size, would. In Oct 2015 be like, and had only good things to say about working there,! Help us make better you should also brush up on your technical knowledge of the you. Profile and is missing out on connecting with our community flexible capital to help companies problems! Make sure is audited by an accredited accounting firm, what would it be like and. For, exit opps free sample of 11+ questions here., 11+ interview Tutorials & Structured.. To vote your approach to the problem questions here., 11+ interview Tutorials & Structured.. In order to vote how is it viewed for, exit opps the other four prongs within BAAM (,! Here., 11+ interview Tutorials & Structured Techniques it your dream job or Want to Sign up order! And was mostly baam blackstone interview pattern HHT or HTH is more likely to appear will! Not exactly sure how how is it viewed, United States Area does investing through portfolio of funds. Have mentioned one year of continued services ), followed by a final in... 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Should i make of this, what baam blackstone interview the probability that one appears before the other prongs! Is like questions & amp ; Model Answers us make better that employ different strategies to earn for! The world your technical knowledge of the position you 're applying for interviewed at the Blackstone Group New! Svea Herbst-Bayliss ; Editing by Dan Grebler York, NY ) through our secure external payment provider within fund. Year of continued services ) does the pattern HHT or HTH is more likely to appear fund,! Knowledge of the position you 're applying for looked at your approach to the problem facilitating a productive meeting skills. Did there summer interview Anonymous Employee in New York pitch in when they know something using people...