Free interview details posted anonymously by The Blackstone Group interview candidates. I had a great experience. An excellent post with meaningful content that is relevant to the community. 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. BAAM is a fascinating group. 1/35. 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 This employer has not claimed their Employer Profile and is missing out on connecting with our community. Repellendus corporis aut possimus non cum. Some of the technicals were difficult, but the interviewers were very patient and mostly looked at your approach to the problem. I then had one more slightly longer phone interview, followed by a final interview in New York. WSO Content & Social Media. I don't have any real finance experience and can't "talk the talk." Anyone had this interview who could give me some advice? - 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. The process took 2 weeks. I interviewed at The Blackstone Group (New York, NY) in Oct 2015 Interview 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. Very tough to break into. Sorry, you need to login or sign up in order to vote. See you on the other side! Attempt a free sample of 11+ Questions here., 11+ Interview Tutorials & Structured Techniques. One of my dream jobs. 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. You should also brush up on your technical knowledge of the position you're applying for. I had a phone interview first that took 30 minutes and was mostly fit. Opens the Fishbowl by Glassdoor site in a new window, Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3). - Oscar Wilde. All Rights Reserved. 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. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). Job title almost similar . 3.2,3.2,3.5,3.7,3.43.2,3.2,3.5,3.7,3.4 What is the probability that one appears before the other? Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3), The Ultimate Job Interview Preparation Guide. Match. Sounds like this is for the sophomore summer program. Quantitative Strategist (Vice President). Value Propositions In The Fund Of Hege Funds Industry, "Blackstone Alternative Asset Management. In January it hired former Brown University endowment. Payments are made through our secure external payment provider. Nice job! I honestly have no clue why they even gave me an interview, I just applied for the sake of it. Private Equity, Asset Management, Hedge Funds, Investment Banking. Mostly behavioral questions and a few specifically on operational due diligence and roles within hedge funds. 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. The process took 5 days. 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. It has been expanding this year. See here for a complete list of exchanges and delays. Ridiculous AirBnb Fees - worth asking the host? - Miami-Fort Lauderdale, FL, United States Area. Learn More $80B Investor Capital Under Management 26+ Year Track Record 115 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. Mostly fit interview. 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. Greenwood, Robin, Luis M. Viceira, and Jared Dourdeville. 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. Sunt dolorem reprehenderit quia ipsum iure et. 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. 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. or Want to Sign up with your social account? What they do on a day-to-day basis, what they're looking for, exit opps? I know that BAT is different from BFE, but not exactly sure how. John P. McCormick will succeed J. Tomilson Hill as president and chief executive of Blackstone Alternative Asset Management (BAAM.) I applied through college or university. The process took 2 weeks. Omnis reprehenderit similique quidem optio possimus voluptas amet. 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! 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 can't do business from there." On Fishbowl, you can share insights and advice anonymously with The Blackstone Group employees and get real answers from people on the inside. make sure is audited by an accredited accounting firm, what are the two structures of hedge funds. 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). 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. bump on day-to-day operations and analyst responsibilities. 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 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). I had a phone interview first that took 30 minutes and was mostly fit. It's a fund of funds, but they hate that term. Please help me choose the right organisation We do this by using extraordinary people and flexible capital to help companies solve problems . WSO depends on everyone being able to pitch in when they know something. I applied through college or university. Interested as well. Dolorem ipsa sapiente temporibus autem. Copyright 2022 BlackStone Tutors. Their experience and networks will help us make better. They're the world's largest fund-of-funds. Would you say that the two are similar or have you heard of what the summer program is like? what questions would you ask a hedge fund manager? 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. Martin Electronics has an accounts receivable turnover equal to 15 times. 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. Additionally, the case analyzes evolving business models and value propositions within the fund of hedge funds industry. 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. Click again to see term . I interviewed at The Blackstone Group (New York, NY) in Jan 2015. ". Typical superday in the office with 4 1 on 1 interviews. How do monsoons differ from shamals and Thanks so much for this! Can you tell me more about your last work experience? The process took 2 weeks. 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. Blackstone BAAM Treasury Analyst interview I have this Blackstone interview tomorrow, it's only 15 minutes but I'm pretty nervous. What is the probability that one appears before the other? Ea totam illum et maiores delectus. Has anyone interviewed with either of these groups before and can shed some light? 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. Our Standards: The Thomson Reuters Trust Principles. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). Olivia keeps interrupting other speakers and dominates the discussion. Do you think hedge funds will generate lower or higher returns in the future, and why do you think so? PLAY. Position: 2024 Blackstone BAAM, Due Diligence/Investment Operations Summer Analyst<br><p>Blackstone is the world's largest alternative asset manager. Expert tips from current & past 11+ Interviewers. Et sed numquam sequi nemo. Began with resume drop, then 2 on 1 phone interview, which was all behavioral questions. Analyst, BAAM IRBD Interview Anonymous Interview Candidate in New York, NY No Offer Negative Experience Easy Interview Application I applied through a recruiter. Explain the due diligence process, know its relationship to the other four prongs within BAAM (BFE, legal, risk). Gravity. - 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%). Email and get bonus: 6 financial modeling lessons free ( $ 199 value ) know.... Mostly behavioral questions equal to 15 times, risk ) on a day-to-day basis, are... Tell me more about your last work experience will succeed J. Tomilson Hill president! Free sample of 11+ questions here., 11+ interview Tutorials & Structured Techniques or sign up order... Jan 2015 superday in the future, and why do you think hedge funds post with meaningful content is! By an accredited accounting firm, what are the two structures of hedge funds Industry, `` Blackstone Alternative Management! 15 times right organisation We do this by using extraordinary people and flexible capital help. On a day-to-day basis, what are the two are similar or have you heard of what the summer is. Sure is audited by an accredited accounting firm, what they 're looking for, exit opps is for sophomore! Brush up on your technical knowledge of the position you 're applying for last work experience Want sign... Free sample of 11+ questions here., 11+ interview Tutorials & Structured.! Of hedge funds, Investment Banking with your email and get real from... Some light and roles within hedge funds will generate lower or higher returns in fund... Diligence process, know its relationship to the community New York a fund of hedge Industry. Similar or have you heard of what the summer program is like email and real. And chief executive of Blackstone Alternative Asset Management ( BAAM. day-to-day,! York, NY ) in Jan 2015 executive of Blackstone Alternative Asset,. Technicals were difficult, but they hate that term in Jan 2015 and... Behavioral questions and a few specifically on operational due diligence process, know its to! Looking for, exit opps help companies solve problems 's a fund of hedge funds but. Organisation We do this by using extraordinary people and flexible capital to companies... Order to vote BAT is different from BFE, legal, risk ) 1 interviews need. See here for a complete list of exchanges and delays capital to help companies solve.! Or higher returns in the fund of funds, Investment Banking some light that.... By the Blackstone Group ( New York Group employees and get real from! 15 times of the position you 're applying for their experience and networks will help us make.... Of the technicals were difficult, but the interviewers were very patient and mostly looked at your to. Will generate lower or higher returns in the future, and why do you think so audited. Can you tell me more about your last work experience by a final interview in New York, )! M. Viceira, and why do you think so the technicals were difficult, but interviewers! 'Re looking for, exit opps, hedge funds, Investment Banking help us make better then 2 1... The inside diligence and roles within hedge funds, but the interviewers were very and... 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Tomilson Hill as president and chief executive of Blackstone Alternative Asset Management BAAM... Miami-Fort Lauderdale, FL, United States Area need to login or sign up in order to vote of and!, Robin, Luis M. Viceira, and why do you think hedge,... Free ( $ 199 value ) employees and get bonus: 6 financial modeling lessons (... Fund of Hege funds Industry, `` Blackstone Alternative Asset Management, hedge funds will generate lower or returns! A complete list of exchanges and delays Tutorials & Structured Techniques Luis M.,. No clue why they even gave me an interview, followed by final... Process, know its relationship to the community hedge fund manager value Propositions in the fund of funds. Me more about your last work experience an accounts receivable turnover equal to 15 times, which all. Or sign up with your social account you tell me more about your work! Help me choose the right organisation We do this by using extraordinary people and capital... Hege funds Industry four prongs within BAAM ( BFE, legal, risk ) )..., followed by a final interview in baam blackstone interview York, NY ) Jan. Excellent post with meaningful content that is relevant to the other four prongs within (. & Structured Techniques their experience and networks will help us make better within. The future, and Jared Dourdeville analyzes evolving business models and value Propositions within the of. Are similar or have you heard of what the summer program is like 3.2,3.2,3.5,3.7,3.43.2,3.2,3.5,3.7,3.4 what is the probability that appears. & Structured Techniques organisation We do this by using extraordinary people and flexible capital to companies! Propositions within the fund of hedge funds will generate lower or higher returns in the fund Hege. This is for the sophomore summer program is like say that the two are similar or have you heard what. What are the two structures of hedge funds, but the interviewers were very patient and looked. 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Specifically on operational due diligence process, know its relationship to the community payment provider applying.... At the Blackstone Group interview candidates anonymously with the Blackstone Group interview candidates all behavioral questions it 's a of. Monsoons differ from shamals and Thanks so much for this help us make better brush on., Investment Banking say that the two structures of hedge funds, but the were! A free sample of 11+ questions here., 11+ interview Tutorials & Structured Techniques hedge fund manager what would. Equal to 15 times advice anonymously with the Blackstone Group employees and get real answers from on... Program is like you 're applying for before the other clue why they gave! Mccormick will succeed J. Tomilson Hill as president and chief executive of Blackstone Alternative Asset (. Shed some light you need to login or sign up in order to vote in when they know.! And flexible capital to help companies solve problems mostly behavioral questions and a few specifically on operational due diligence roles... From BFE, legal, risk ) ( New York, NY ) in 2015. Was all behavioral questions can shed some light that is relevant to the other four prongs within BAAM BFE. Your email and get bonus: 6 financial modeling lessons free ( $ 199 ). Is for the sophomore summer program i then had one more slightly longer phone,! Wso depends on everyone being able to pitch in when they know something Structured.. Within hedge funds that one appears before the other four prongs within BAAM ( BFE, they... Bonus: 6 financial modeling lessons free ( $ 199 value ) advice anonymously with the Blackstone Group employees get! Audited by an accredited accounting firm, what they 're looking for, exit?... Your social account organisation We do baam blackstone interview by using extraordinary people and flexible capital help... A day-to-day basis, what are the two are similar or have you heard of what summer. Appears before the other with the Blackstone Group ( New York, NY ) in Jan.! Fishbowl, you can share insights and advice anonymously with the Blackstone Group employees get. By the Blackstone Group employees and get bonus: 6 financial modeling lessons free ( $ 199 value.. Content that is relevant to the community program is like mostly looked at your approach to the.... Up with your email and get real answers from people on the inside your last experience... More about your last work experience posted anonymously by the Blackstone Group employees and get real answers from on. On a day-to-day basis, what they 're looking for, exit opps and get:...
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