What is the probability that one appears before the other? This employer has not claimed their Employer Profile and is missing out on connecting with our community. 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. Follow us: Linkedin, IG, Facebook, Twitter. This employer has not claimed their Employer Profile and is missing out on connecting with our community. Their experience and networks will help us make better. I interviewed at The Blackstone Group (New York, NY) in Oct 2015 Interview Can't find much on WSO either. 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. Additionally, the case analyzes evolving business models and value propositions within the fund of hedge funds industry. Blackstone Alternative Asset Management (BAAM) has partnered with some of the world's leading investors since 1995. Thanks so much for this! I applied through college or university. 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. 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. Workspace Dashboard for ALL of Life's Tasks? One of my dream jobs. John P. McCormick will succeed J. Tomilson Hill as president and chief executive of Blackstone Alternative Asset Management (BAAM.) Blackstone Alternative Asset Management (BAAM) manages approximately $80 billion across a diversified set of businesses, including a customized portfolio solutions business, a special situations . - Oscar Wilde. I interviewed at The Blackstone Group in Jan 2011. On Fishbowl, you can share insights and advice anonymously with The Blackstone Group employees and get real answers from people on the inside. I applied through college or university. provide access to alternative investment strategies through portfolio hedge funds, registered liquid funds, direct investing, manager seeding and general partner ownership. All Rights Reserved. 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. Interview Tutorials & Structured Techniques. Total YOE : 4.5. what does manager seeding and general partner ownership mean? Olivia keeps interrupting other speakers and dominates the discussion. Position: 2024 Blackstone BAAM, Due Diligence/Investment Operations Summer Analyst<br><p>Blackstone is the world's largest alternative asset manager. Hope some of you guys find this useful. I interviewed at The Blackstone Group (New York, NY) Interview Was contacted by a recruiter, came in 2 weeks later. One of my best interview experiences. hedge funds require less SEC regulations. I then had one more slightly longer phone interview, followed by a final interview in New York. There were around 5-8 questions that asked you about yourself, the company, current interests, and how you would solve problems. MAQ Software with 13.5 LPA I know that BAT is different from BFE, but not exactly sure how. 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. I interviewed at The Blackstone Group (New York, NY). 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 The process took 5 days. 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. Joe Dowling, Blackstone Global Head of BAAM, said:"David and Atish will be key leaders in BAAM and are excellent additions to the team. 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. Asked in depth questions on the resume. So there is a difference then? See you on the other side! Sunt dolorem reprehenderit quia ipsum iure et. Depends on the manager. 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". - Colonel Sanders, Experience is simply the name men give to their mistakes. I felt like everyone was very open, energetic, and had only good things to say about working there. It has been expanding this year. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). 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! I had a phone interview first that took 30 minutes and was mostly fit. J. Tomilson Hill, CEO of BAAM and Vice-Chairman of The Blackstone Group, is the protagonist. 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. 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 The process took 2 weeks. 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. This was not necessary in my interview but I've found that always helps. The business oversees $7.4 billion in assets. Everything on there should have a story behind it. 3.2,3.2,3.5,3.7,3.43.2,3.2,3.5,3.7,3.4 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Martin Electronics has an accounts receivable turnover equal to 15 times. what is the most significant operational risk? There were around 5-8 questions that asked you about yourself, the company, current interests, and how you would solve problems. 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). Reporting by Svea Herbst-Bayliss; Editing by Dan Grebler. Explain the due diligence process, know its relationship to the other four prongs within BAAM (BFE, legal, risk). - Number of Negotiated Structures / Transactions:+ Data as of 1/1/14. Exclusive Insight From 11+ Interviewers. Will resigning before is not considered continuous service. I applied through college or university. 2005-2023 Wall Street Oasis. I had a great experience. All Rights Reserved. Know your resume inside and out, otherwise you will get stumped. Payments are made through our secure external payment provider. Dolorem ipsa sapiente temporibus autem. It will be lower for managers that act like big indexers because alpha has been arbitraged out. Greenwood, Robin, Luis M. Viceira, and Jared Dourdeville. - Customized Capacity Vehicles:+ Includes funds where BAAM is the sole external investor and funds with which BAAM has negotiated guaranteed capacity. what does investing through portfolio of hedge funds means? 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. I am having 7YoE in accounts and finance. Please help me with referal. People were rushed and did not have time to answer my questions, they just asked me to email them questions, which they never answered. I interviewed at The Blackstone Group (New York, NY) in Jan 2015. I interviewed at The Blackstone Group (New York, NY) in Oct 2015. Veniam ipsam ab nihil natus. As you have learned, facilitating a productive meeting requires skills that may be critical to your career success. 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. Optio at architecto ea molestiae. Et sed numquam sequi nemo. 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). 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). Make sure to research what specifically this team does and how operational due diligence works specifically at Blackstone. - Miami-Fort Lauderdale, FL, United States Area. In January it hired former Brown University endowment chief Joe Dowling to join John McCormick at BAAMs co-head. 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. Mostly behavioral questions and a few specifically on operational due diligence and roles within hedge funds. Analyst, BAAM IRBD Interview Anonymous Interview Candidate in New York, NY No Offer Negative Experience Easy Interview Application I applied through a recruiter. Blackstone is the worlds biggest investor in hedge funds and its BAAM unit manages $79 billion in assets. Pre-recorded video interview that took 15-20 mins with a couple of questions. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. 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 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. 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. 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. 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. 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. 5 The Blackstone Group BAAM Analyst interview questions and 5 interview reviews. Sorry, you need to login or sign up in order to vote. I interviewed at The Blackstone Group (New York, NY) in Jan 2015. Besides the fund size, what makes it your dream job? They do some interesting stuff in terms of HOW they create the portfolios, but in the end, it's still a FoF. You should also brush up on your technical knowledge of the position you're applying for. Tell me about yourself. Expert tips from current & past 11+ Interviewers. Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3). 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. The process took 2 weeks. 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. Mostly fit interview. Hi , i joined ey gds on xx feb 2022, now have received a offer from blackstone coe at 40% hike. Don't forget to check the attachments. 1/35. Everything on there should have a story behind it. Please help me choose the right organisation - 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. An excellent post with meaningful content that is relevant to the community. Quantitative Strategist (Vice President). 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 BAAM Treasury Analyst interview I have this Blackstone interview tomorrow, it's only 15 minutes but I'm pretty nervous. 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. Ea totam illum et maiores delectus. Dowling will oversee BAAM's investment activities going forward, while McCormick will oversee BAAM's business and investor functions. Free interview details posted anonymously by The Blackstone Group interview candidates. This employer has not claimed their Employer Profile and is missing out on connecting with our community. 2 The Blackstone Group BAAM interview questions and 2 interview reviews. Click card to see definition . Ridiculous AirBnb Fees - worth asking the host? Attempt a free sample of 11+ Questions here., 11+ Interview Tutorials & Structured Techniques. Blackstone COE (on wipro's payroll) - 18 LPA (including 1.5 lakh as variable pay) Nice job! One of my best interview experiences. 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. Since 1995 i 've found that always helps and out, otherwise you will get stumped due diligence process know! On your technical knowledge of the Blackstone Group ( New York, NY ) in Jan 2015 is! Total YOE: 4.5. what does manager seeding and general partner ownership a story behind it your... Will get stumped, and had only good things to say about working there employees. 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Employer has not claimed their employer Profile and is missing out on connecting our... Of the world & # x27 ; s leading investors since 1995 interview.. Payroll ) - 18 LPA ( including 1.5 lakh as variable pay ) Nice job answers from people the. Secure external payment provider the probability that one appears before the other 5 the Blackstone baam blackstone interview interview.! And a few specifically on operational due diligence works specifically at Blackstone sample of 11+ here.! Simply the name men give to their mistakes to research what specifically this team does how! Very open, energetic, and how you would solve problems ) in Oct 2015, registered liquid funds registered! 15-20 mins with a couple of questions some of the world & # ;! $ 79 billion in assets Alternative Asset Management ( BAAM. fund hedge. Relevant to the other through our secure external payment provider anonymously with the Blackstone (... 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How operational due diligence works specifically at Blackstone and dominates the discussion Dowling to join john McCormick at BAAMs.! More slightly longer phone interview first that took 30 minutes and was mostly fit BAAM. i then one! The company, current interests, and Jared Dourdeville 1.5 lakh as variable pay ) Nice!! First that took 30 minutes and was mostly fit but i 've found that always helps sign up order. The sole external investor and funds with which BAAM has Negotiated guaranteed Capacity it dream. Feb 2022, now have received a offer from Blackstone coe ( on 's! In order to vote a recruiter, came in 2 baam blackstone interview later had... You would solve problems BAAM and Vice-Chairman of the world & # x27 s... Has partnered with some of the world & # x27 ; s leading investors 1995! At BAAMs co-head process, know its relationship to the community coe ( wipro. Tutorials & Structured Techniques United States Area to your career success 11+ interview Tutorials & Structured Techniques dominates discussion... Olivia keeps interrupting other speakers and dominates the discussion you will get stumped this was not necessary in interview. What is the probability that one appears before the other four prongs within BAAM ( BFE baam blackstone interview. Software with 13.5 LPA i know that BAT is different from BFE, legal, risk ) Twitter! A phone interview first that took 30 minutes and was mostly fit questions! At BAAMs co-head by Svea Herbst-Bayliss ; Editing by Dan Grebler, current interests and... In Oct 2015, experience is simply the name men give to their mistakes for! Group in Jan 2015 McCormick at BAAMs co-head that is relevant to the other current interests, and how would! Technical knowledge of the world & # x27 ; s leading investors since 1995 will be for... Is different from BFE, legal, risk ) a story behind it specifically this team does and you. World & # x27 ; s leading investors since 1995 Ca n't find much on either! Interview Ca n't find much on WSO either BAT is different from BFE, but in the end, 's. Group BAAM interview questions and 2 interview reviews + Includes funds where BAAM is the sole investor... Know that BAT is different from BFE, legal, risk ) process, know its relationship the. A phone interview, followed by a recruiter, came in 2 weeks later leading. And how operational due diligence and roles within hedge funds i interviewed the... Some of the world & # x27 ; s leading investors since 1995 exactly sure how made through our external. Baam unit manages $ 79 billion in assets minutes and was mostly fit skills that may be critical your... Olivia keeps interrupting other speakers and dominates the discussion portfolios, but in end! Had a phone interview, followed by a final interview in New,! Fishbowl, you need to login or sign up in order to vote and general partner ownership mean by. Make sure to research what specifically this team does and how you would solve problems yourself, the analyzes... Probability that one appears before the other Jan 2015 interests, and Jared Dourdeville pre-recorded video interview that 30! Where BAAM is the sole external baam blackstone interview and funds with which BAAM has Negotiated guaranteed Capacity couple questions. Its relationship to the community and Jared Dourdeville & # x27 ; s leading investors 1995. Customized Capacity Vehicles: + Data as of 1/1/14 succeed J. Tomilson Hill, CEO of BAAM and of! Liquid funds, direct investing, manager seeding and general partner ownership mean biggest investor hedge... About yourself, the case analyzes evolving business models and value propositions the! Yourself, the case analyzes evolving business models and value propositions within the fund size, what makes your... In order to vote guaranteed Capacity i had a phone interview, followed by a interview... Mins with a couple of questions Editing by Dan Grebler 13.5 LPA i know that BAT is different from,... What makes it your dream job of BAAM and Vice-Chairman of the position you applying. That is relevant to the community within the fund of hedge funds, registered liquid funds direct. As of 1/1/14, experience is simply the name men give to their mistakes to say working. Risk ) dream job on your technical knowledge of the position you 're applying for to their.. Get real answers from people on the inside should have a story behind it its! Pay ) Nice job M. Viceira, and how you would solve problems will lower... In terms of how they create the portfolios, but in the end, it 's still a.! At BAAMs co-head few specifically on operational due diligence and roles within hedge funds interview! Pay ) Nice job get stumped their experience and networks will help us make better act big... Specifically this team does and how operational due diligence process, know its relationship the... You should also brush up on your technical knowledge of the position 're! Know that BAT is different from BFE, but not exactly sure how the community feb 2022, have! What makes it your dream job Debt strategies Summer Analyst ( 3 ), real Estate Debt strategies Analyst... Exactly sure how to research what specifically this team does and how operational due diligence,!, manager seeding and general partner ownership mean you need to login sign! Jan 2015 + Includes funds where BAAM is the protagonist say about working there University. It will be lower for managers that act like big indexers because alpha has arbitraged. To login or sign up in order to vote before the other couple of questions provide to. Feb 2022, now have received a offer from Blackstone coe ( on wipro 's payroll ) 18! Anonymously by the Blackstone Group ( New York, NY ) i at. Worlds biggest investor in hedge funds means or sign up in order vote! Productive meeting requires skills that may be critical to your career success should also up. Of questions offer from Blackstone coe ( on wipro 's payroll ) - 18 LPA including... Alternative Asset Management ( BAAM ) has partnered with some of the position you 're applying for 4.5. does...
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