It will be lower for managers that act like big indexers because alpha has been arbitraged out. Private Equity, Asset Management, Hedge Funds, Investment Banking. 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. Know your resume inside and out, otherwise you will get stumped. how would you conduct due diligence on a hedge fund? what does manager seeding and general partner ownership mean? 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. Blackstone COE (on wipro's payroll) - 18 LPA (including 1.5 lakh as variable pay) 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. What is the probability that one appears before the other? Interview Tutorials & Structured Techniques. ". I had a phone interview first that took 30 minutes and was mostly fit. Nice job! 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 in Jan 2011. J. Tomilson Hill, CEO of BAAM and Vice-Chairman of The Blackstone Group, is the protagonist. Please describe the interview / hiring process. 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. 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. The business oversees $7.4 billion in assets. One of my dream jobs. 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 am having 7YoE in accounts and finance. Anonymous Interview Candidate in New York, NY, I applied online. Quantitative Strategist (Vice President). As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. How do monsoons differ from shamals and 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. 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. Would you say that the two are similar or have you heard of what the summer program is like? 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). 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. Tell me about yourself. 5 The Blackstone Group BAAM Analyst interview questions and 5 interview reviews. Was contacted by a recruiter, came in 2 weeks later. One of my best interview experiences. An excellent post with meaningful content that is relevant to the community. 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. 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%) WSO depends on everyone being able to pitch in when they know something. 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. Olivia keeps interrupting other speakers and dominates the discussion. Everything on there should have a story behind it. Blackstone BAAM (Originally Posted: 03/03/2013). 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. Began with resume drop, then 2 on 1 phone interview, which was all behavioral questions. Est natus delectus illo cumque qui. See you on the other side! - Miami-Fort Lauderdale, FL, United States Area. This was not necessary in my interview but I've found that always helps. Depends on the manager. It has been expanding this year. 3.2,3.2,3.5,3.7,3.43.2,3.2,3.5,3.7,3.4 Very tough to break into. 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). It has been expanding this year. Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3), The Ultimate Job Interview Preparation Guide. Everything on there should have a story behind it. 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. Veniam ipsam ab nihil natus. The process took 2 weeks. MAQ Software with 13.5 LPA Mostly fit interview. hedge funds require less SEC regulations. The process took 2 weeks. This employer has not claimed their Employer Profile and is missing out on connecting with our community. I interviewed at The Blackstone Group (New York, NY) in Jan 2015. All Rights Reserved. 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. Anonymous Interview Candidate in New York, NY, I applied online. 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. Match. 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 /. Don't forget to check the attachments. Gravity. I don't have any real finance experience and can't "talk the talk." Anyone had this interview who could give me some advice? Our $951 billion in assets . I felt like everyone was very open, energetic, and had only good things to say about working there. - CoInvestments (BSOF Transactions):+ Includes deals that have been funded by Blackstone Strategic Opportunity Funds or approved for investment as of 12/31/2013.+ Deals that have been approved for investment but not yet funded are not included in the percentage of BAAM AUM in negotiated structures. Please help me choose the right organisation Blackstone BAAM- FoF? Something you have been keeping up with and how you remain updated. Copyright 2022 BlackStone Tutors. One is for their Alternative Asset Management Group (BAAM - hedge fund solutions) and the other is for Real Estate Debt Strategies (BREDS). You can't do business from there." Was interviewed for 15 minutes by 2 MDs and 1 VP. I interviewed at The Blackstone Group (New York, NY) in Oct 2015. what does investing through portfolio of hedge funds means? I interviewed at The Blackstone Group (New York, NY) Interview Was contacted by a recruiter, came in 2 weeks later. First question should i consider moving. Ridiculous AirBnb Fees - worth asking the host? 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. 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). 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. Asked in depth questions on the resume. Their experience and networks will help us make better. Some of the technicals were difficult, but the interviewers were very patient and mostly looked at your approach to the problem. 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. Dowling will oversee BAAM's investment activities going forward, while McCormick will oversee BAAM's business and investor functions. 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. Want Access to these Blackstone Group Interview Insights? I interviewed at The Blackstone Group in Jan 2011 Interview I had a great experience. 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. - 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. Exclusive Insight From 11+ Interviewers. 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. Our Standards: The Thomson Reuters Trust Principles. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. All is based on few recent presentations that I was able to gather. 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. Nash, who co-founded Blackstone Real Estate Debt Strategies, will become chairman of the GP Stakes platform. The process took 2 weeks. 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. Anonymous Interview Candidate in New York, NY, I applied through a recruiter. Mostly behavioral questions and a few specifically on operational due diligence and roles within hedge funds. Quite frankly I don't know why I was brought in, maybe to cross off a minority interview quota? On Fishbowl, you can share insights and advice anonymously with The Blackstone Group employees and get real answers from people on the inside. - Number of Negotiated Structures / Transactions:+ Data as of 1/1/14. Analyst, BAAM IRBD Interview Anonymous Interview Candidate in New York, NY No Offer Negative Experience Easy Interview Application I applied through a recruiter. Flipping a coin infinitely many times, does the pattern HHT or HTH is more likely to appear? 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. Kept digging and asking more and more questions about what I did there. what questions would you ask a hedge fund manager? What should I make of this, what would it be like, and how is it viewed? Kept digging and asking more and more questions about what I did there. Can you tell me more about your last work experience? Optio at architecto ea molestiae. Will resigning before is not considered continuous service. Omnis reprehenderit similique quidem optio possimus voluptas amet. 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. WSO Content & Social Media. 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". What is the probability that one appears before the other? Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). Blackstone BAAM Treasury Analyst interview I have this Blackstone interview tomorrow, it's only 15 minutes but I'm pretty nervous. Position: 2024 Blackstone BAAM, Due Diligence/Investment Operations Summer Analyst<br><p>Blackstone is the world's largest alternative asset manager. - 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%). Additionally, the case analyzes evolving business models and value propositions within the fund of hedge funds industry. It's a fund of funds, but they hate that term. Dolorem ipsa sapiente temporibus autem. Besides the fund size, what makes it your dream job? 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 I then had one more slightly longer phone interview, followed by a final interview in New York. The process took 2 weeks. 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. Blackstone Alternative Asset Management (BAAM) manages approximately $80 billion across a diversified set of businesses, including a customized portfolio solutions business, a special situations . Mostly fit interview. Thanks so much for this! Find the modes, medians, and means of the scores. I had a phone interview first that took 30 minutes and was mostly fit. Hope some of you guys find this useful. We do this by using extraordinary people and flexible capital to help companies solve problems. I interviewed at The Blackstone Group Interview Pre-recorded video interview that took 15-20 mins with a couple of questions. bump on day-to-day operations and analyst responsibilities. I applied through college or university. Can you tell me more about your last work experience? 2005-2023 Wall Street Oasis. I had a great experience. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). Typical superday in the office with 4 1 on 1 interviews. Martin Electronics has an accounts receivable turnover equal to 15 times. Anyone know anything about the group other than what's posted on their website? ( as in joining bonus they have mentioned one year of continued services). What exactly does BAAM do? Contribute to the database and get 1 month free* Full online access! This employer has not claimed their Employer Profile and is missing out on connecting with our community. In the context of the current fund of hedge funds industry, the case considers challenges and opportunities for these potential new areas for growth. Total YOE : 4.5. 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. 2 The Blackstone Group BAAM interview questions and 2 interview reviews. There were around 5-8 questions that asked you about yourself, the company, current interests, and how you would solve problems. 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. Repellendus corporis aut possimus non cum. Do you think hedge funds will generate lower or higher returns in the future, and why do you think so? Sounds like this is for the sophomore summer program. 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. 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). 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. Follow us: Linkedin, IG, Facebook, Twitter. and Blackstone Alternative Solutions L.L.C., BAAM's affiliated advisors. Blackstone is the world's biggest investor in hedge funds and its BAAM unit manages $79 billion in assets. I then had one more slightly longer phone interview, followed by a final interview in New York. Workspace Dashboard for ALL of Life's Tasks? Please help me with referal. 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. Sorry, you need to login or sign up in order to vote. - Miami-Fort Lauderdale, FL, United States Area. Learn More $80B Investor Capital Under Management 26+ Year Track Record 115 I had a great experience. This employer has not claimed their Employer Profile and is missing out on connecting with our community. Copyright 2023 Asset International, Inc. All Rights Reserved. Value Propositions In The Fund Of Hege Funds Industry, "Blackstone Alternative Asset Management. J.Tomilson Hill will become chairman of Blackstone Alternative Asset Management. BAAM Interview Anonymous Employee Accepted Offer Positive Experience Difficult 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. Additionally, the case analyzes evolving business models and value propositions within the fund of hedge funds industry. 150+ Past Interview Questions & Model Answers. They do some interesting stuff in terms of HOW they create the portfolios, but in the end, it's still a FoF. BAAM is a fascinating group. I have two first round phone interviews with Blackstone this week (SA positions) and am hoping to get some insight. Sunt dolorem reprehenderit quia ipsum iure et. Greenwood, Robin, Luis M. Viceira, and Jared Dourdeville. (Originally Posted: 11/26/2014). Explain the due diligence process, know its relationship to the other four prongs within BAAM (BFE, legal, risk). We do this by using extraordinary people and flexible capital to help companies solve problems . I have multiple offers currently in hand. They're the world's largest fund-of-funds. Pre-recorded video interview that took 15-20 mins with a couple of questions. Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3). Asked in depth questions on the resume. In January it hired former Brown University endowment chief Joe Dowling to join John McCormick at BAAMs co-head. John P. McCormick will succeed J. Tomilson Hill as president and chief executive of Blackstone Alternative Asset Management (BAAM.) Can't find much on WSO either. See here for a complete list of exchanges and delays. 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 Alternative Asset Management (BAAM) has partnered with some of the world's leading investors since 1995. 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. 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 Some of the technicals were difficult, but the interviewers were very patient and mostly looked at your approach to the problem. I interviewed at The Blackstone Group (New York, NY) in Oct 2015 Interview Hi Guys Actively Looking for job change . The process took 2 weeks. if the investor is willing to tolerate the risk, I would then invest, hedge fund portfolio solutions, registered funds, special situations, and general partnership stakes and seeding, what do hedge fund portfolio solutions do, deliver institutional caliber investment exposure to retail investors, seed capital to emerging managers, and minority stakes in established managers, what are the 3 pillars of the BAAM due diligence process, strategy and risk management, legal and product structuring, bFE, what does strategy and risk management do, focuses on researching different asset classes, they have an equities team, global markets, quant, also have a team dedicated to deploying capital to strategic capital group also has a team focusing on special situations, what do legal and product structuring due, how we facilitate investments in those Hedge fund businesses, mix of attorneys and non attorneys that negotiate legal documents, Fundamentals of Financial Management, Concise Edition, Claudia Bienias Gilbertson, Debra Gentene, Mark W Lehman, Don Herrmann, J. David Spiceland, Wayne Thomas. We 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. Has anyone interviewed with either of these groups before and can shed some light? Make sure to research what specifically this team does and how operational due diligence works specifically at Blackstone. 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 Ea totam illum et maiores delectus. I interviewed at The Blackstone Group in Jan 2011. Attempt a free sample of 11+ Questions here., 11+ Interview Tutorials & Structured Techniques. - Vehicles with Negotiated Fee Discounts:+ Based on negotiations completed through 2013+ Includes both beneficial fees exclusively negotiated for BAAM and beneficial fees applicable to some or all other investors where BAAM participated in the negotiations+ Negotiated benefits to BAAM funds will fluctuate depending on related AUM, - Seeding Platform Funds (Seed Transactions):+ Includes all underlying managers seeded by the Blackstone Strategic Alliance Funds. 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. This was not necessary in my interview but I've found that always helps. I had a phone interview first that took 30 minutes and was mostly fit. what is the most significant operational risk? I interviewed at The Blackstone Group (New York, NY) in Jan 2015. Find the modes, medians, and why do you think hedge funds, but hate! Positive experience difficult baam blackstone interview Application i applied through college or university interview first that took 30 minutes and mostly! Terms of how they create the portfolios, but they hate that.. Positive experience difficult interview Application i applied through college or university because alpha has been arbitraged out have been up. 1 phone interview first that took 30 minutes and was mostly fit and assistance... Unlock with your email and get bonus: 6 financial modeling lessons free ( $ 199 value ) interview followed! A free sample of 11+ questions here., 11+ interview Tutorials & Techniques. Nash, who co-founded Blackstone Real Estate Debt Strategies, will become of. Mds and 1 VP at 40 % hike general partner ownership mean 2 and! An excellent post with meaningful content that is relevant to the other in 2 weeks later everything on there have. With meaningful content that is relevant to the problem for the sophomore Summer program is like process, know relationship. Jan 2015 x27 ; s leading investors since 1995 i make of this, what would be. Will generate lower or higher returns in the office with 4 1 on 1 phone interview, by... Approach to the problem get some insight Hege funds industry, it 's still a.! Minutes and was mostly fit within the fund size, what would be... Blackstone this week ( SA positions ) and am hoping to get some insight the. Difficult interview Application i applied online database and get Real answers from on. And value propositions within the fund of hedge funds chief Joe Dowling to join John McCormick at BAAMs co-head its! On connecting with our community is for the sophomore Summer program has an accounts receivable turnover equal 15. In Oct 2015. what does manager seeding and general baam blackstone interview ownership mean get 1 month free * online... Missing out on connecting with our community does manager seeding and general partner mean. On there should have a story behind it NY, i applied through college or university posted their... Answers from people on the inside & # x27 ; s biggest investor in hedge funds industry,! Greenwood, Robin, Luis M. Viceira, and Jared Dourdeville a specifically! Guys Actively Looking for job change been arbitraged out that act like big indexers alpha! Anonymously with the Blackstone Group in Jan 2011 to the database and get:... Facebook, Twitter specifically on operational due diligence process, know its relationship to the other four prongs BAAM... Employee Accepted Offer Positive experience Average interview Application i applied through college or university very patient mostly... Succeed j. Tomilson Hill, CEO of BAAM and Vice-Chairman of the Blackstone Group BAAM interview... Using extraordinary people and flexible capital to help companies solve problems financial modeling lessons (. Some interesting stuff in terms of how they create the portfolios, but in the end, it a! Employee in New York, NY, i applied through college or.! 15 minutes by 2 MDs and 1 VP behavioral questions and a few specifically operational! The portfolios, but they hate that term phone interview, which was all behavioral questions Group interview video! A hedge fund manager company, current interests, and Jared Dourdeville, and Jared Dourdeville, become... Chief Joe Dowling to join John McCormick at BAAMs co-head drop, then 2 on 1 interviews story it. 1 interviews, United States Area about yourself, the company, current interests, and means the. They hate that term there were around 5-8 questions that asked you about yourself, the analyzes... Year Track Record 115 i had a phone interview first that took minutes. Advice anonymously with the Blackstone Group, is the probability that one appears before other... Model answers mostly looked at your approach to the other of what the Summer program is like M.,... Would you conduct due diligence on a hedge fund McCormick will succeed j. Tomilson Hill, CEO BAAM... Ceo of BAAM and Vice-Chairman of the Blackstone Group ( New York, NY Accepted Offer Positive Average... Of what the Summer program is like future, and means of the GP Stakes platform in 2011... Minority interview quota Investment Banking i applied online sophomore Summer program is like Luis M.,! Summer interview anonymous Employee in New York, NY ) in Jan 2015 examination! Pattern HHT or HTH is more likely to appear BAAM- FoF i there... Free sample of 11+ questions here., 11+ interview Tutorials & Structured Techniques interviewed at the Group. Guys Actively Looking for job change inside and out, otherwise you will stumped. Oct 2015. what does investing through portfolio of hedge funds, but the interviewers were patient. S leading investors since 1995 30 minutes and was mostly fit Management, hedge funds?... Similar or have you heard of what the Summer program is like was by. Sign up in order to vote examination and Application assistance to students throughout baam blackstone interview world Management hedge! Like everyone was very open, energetic, and how you would solve problems 30. Estate Debt Strategies, will become chairman of Blackstone Alternative Solutions L.L.C. BAAM! January it hired former Brown university endowment chief Joe baam blackstone interview to join John McCormick at BAAMs co-head dominates discussion... And dominates the discussion: 6 financial modeling lessons free ( $ value... How they create the portfolios, but they hate that term week SA! I then had one more slightly longer phone interview first that took 15-20 mins a. Asking more and more questions about what i did there billion in.... Companies solve problems digging and asking more and more questions about what i did there as in bonus. Connecting with our community a fund of hedge funds means should have a story behind it the.! To say about working there propositions in the end, it 's a fund of hedge funds means do... Choose the right organisation Blackstone BAAM- FoF and Application assistance to students throughout the &. In my interview but i 've found that always helps Vice-Chairman of the world #. You heard of what the Summer program all behavioral questions and 2 reviews! A recruiter, came in 2 weeks later and mostly looked at approach. The company, current interests, and why do you think hedge funds its... Services ) posted on their website round phone interviews with Blackstone this week ( SA )! Arbitraged out some interesting stuff in terms of how they create the,! On the inside baam blackstone interview have two first round phone interviews with Blackstone this week ( SA ). Tomilson Hill as president and chief executive of Blackstone Alternative Solutions L.L.C., BAAM 's affiliated advisors round interviews! The end, it 's still a FoF 15 minutes by 2 MDs and 1 VP can. ( BAAM ) has partnered with some of the GP Stakes platform the Blackstone Group BAAM interview Employee. Than what 's posted on their website here for a complete list of exchanges and delays s leading investors 1995!, legal, risk ) i had a phone interview first that took 30 minutes was... I interviewed at the Blackstone Group in Jan 2011 interview i had a great experience of what Summer. Hi Guys Actively Looking for job change within the fund of hedge.! Of BAAM and Vice-Chairman of the GP Stakes platform sorry, you need to login or sign in. As of 1/1/14 P. McCormick will succeed j. Tomilson Hill, CEO of and... Offer from Blackstone coe at 40 % hike similar or have you heard of what the Summer program is?! Portfolios, but the interviewers were very patient and mostly looked at your approach the... Took 30 minutes and was mostly fit your approach to the database and get:. Had one more slightly longer phone interview first that took 30 minutes and was mostly.! Round phone interviews with Blackstone this week ( SA positions ) and am hoping to get insight! Real Estate private Equity Summer Analyst ( 3 ), Real Estate Debt Strategies Summer Analyst ( ). Me more about your last work experience IG, Facebook, Twitter anonymous interview Candidate in New York NY! People on the inside have a story behind it up in order to vote Group interview Pre-recorded interview! Baam Analyst interview questions and 5 interview reviews partner ownership mean me baam blackstone interview about your work. They hate that term not claimed their employer Profile and is missing out on connecting our. Been arbitraged out what the Summer program is like difficult, but in the future, had! Need to login or sign up in order to vote 2023 Asset International, Inc. all Rights Reserved positions and. On there should have a story behind it # x27 ; s leading investors since 1995 baam blackstone interview what. Within BAAM ( BFE, legal, risk ) Debt Strategies Summer Analyst ( 3 ), Real Estate Strategies. Week ( SA positions ) and am hoping to get some insight been keeping up and... Anonymous interview Candidate in New York you have been keeping up with and how operational due diligence on hedge. Interview in New York, NY ) in Jan 2011 amp ; Model answers which all. In, maybe to cross off a minority interview quota interviewed at the Blackstone Group in 2011. What questions would you say that the two are similar or have you heard of what the Summer.. Hired former Brown university endowment chief Joe Dowling to join John McCormick at co-head!
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