Sorry, you need to login or sign up in order to vote. 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. Asked in depth questions on the resume. Mostly fit interview. how would you conduct due diligence on a hedge fund? I interviewed at The Blackstone Group in Jan 2011. Updated For 2023 Interviews. Don't forget to check the attachments. The unit makes minority investments in a general partners underlying management company. You can't do business from there." Additionally, the case analyzes evolving business models and value propositions within the fund of hedge funds industry. First question should i consider moving. - 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. - Colonel Sanders, Experience is simply the name men give to their mistakes. This employer has not claimed their Employer Profile and is missing out on connecting with our community. 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. People were rushed and did not have time to answer my questions, they just asked me to email them questions, which they never answered. The process took 2 weeks. Blackstone Alternative Asset Management (BAAM) manages approximately $80 billion across a diversified set of businesses, including a customized portfolio solutions business, a special situations . Expert tips from current & past 11+ Interviewers. Free interview details posted anonymously by The Blackstone Group interview candidates. Typical superday in the office with 4 1 on 1 interviews. I then had one more slightly longer phone interview, followed by a final interview in New York. We do this by using extraordinary people and flexible capital to help companies solve problems . There were around 5-8 questions that asked you about yourself, the company, current interests, and how you would solve problems. 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! Find the modes, medians, and means of the scores. 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. Hi , i joined ey gds on xx feb 2022, now have received a offer from blackstone coe at 40% hike. 5 The Blackstone Group BAAM Analyst interview questions and 5 interview reviews. What should I make of this, what would it be like, and how is it viewed? 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. It will be lower for managers that act like big indexers because alpha has been arbitraged out. Some of the technicals were difficult, but the interviewers were very patient and mostly looked at your approach to the problem. 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. Mostly fit interview. 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. Pre-recorded video interview that took 15-20 mins with a couple of questions. Omnis reprehenderit similique quidem optio possimus voluptas amet. WSO Content & Social Media. Position: 2024 Blackstone BAAM, Due Diligence/Investment Operations Summer Analyst<br><p>Blackstone is the world's largest alternative asset manager. 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. Accenture 16 LPA ( Including 2.59 Lakh as variable pay) The process took 2 weeks. In the context of the current fund of hedge funds industry, the case considers challenges and opportunities for these potential new areas for growth. One of my dream jobs. or Want to Sign up with your social account? 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? You should also brush up on your technical knowledge of the position you're applying for. The process took 5 days. BAAM is a fascinating group. - 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%). bump on day-to-day operations and analyst responsibilities. 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 has appointed Joe Dowling, the former Chief Executive Officer of Brown University's Investment Office, as Global Co-Head of Blackstone Alternative Asset Management (BAAM) alongside John McCormick. I had a great experience. I interviewed at The Blackstone Group in Jan 2011 Interview I had a great experience. Est natus delectus illo cumque qui. J.Tomilson Hill will become chairman of Blackstone Alternative Asset Management. Job title almost similar . The process took 2 weeks. It has been expanding this year. 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. Flipping a coin infinitely many times, does the pattern HHT or HTH is more likely to appear? Mostly behavioral questions and a few specifically on operational due diligence and roles within hedge funds. Anonymous Interview Candidate in New York, NY, I applied online. Some of its most prominent successes include Senator Investment Group, New Mountain Capital, Francisco Partners and Leonard Green. Our Standards: The Thomson Reuters Trust Principles. Contribute to the database and get 1 month free* Full online access! MAQ Software with 13.5 LPA 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. Martin Electronics has an accounts receivable turnover equal to 15 times. 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Flipping a coin infinitely many times, does the pattern HHT or HTH is more likely to appear? Opens the Fishbowl by Glassdoor site in a new window, Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3). Hope some of you guys find this useful. New York, March 15, 2021 - Blackstone (NYSE:BX) today announced that Scott Bommer has joined the firm as the Chief Investment Officer of the new Blackstone Horizon platform, an initiative being launched by Blackstone Alternative Asset Management (BAAM). Follow us: Linkedin, IG, Facebook, Twitter. John P. McCormick will succeed J. Tomilson Hill as president and chief executive of Blackstone Alternative Asset Management (BAAM.) Kept digging and asking more and more questions about what I did there. ". We do this by using extraordinary people and flexible capital to help companies solve problems. what does investing through portfolio of hedge funds means? 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. Everything on there should have a story behind it. Optio at architecto ea molestiae. (Originally Posted: 11/26/2014). 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. 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. I applied through college or university. Want Access to these Blackstone Group Interview Insights? Blackstone COE (on wipro's payroll) - 18 LPA (including 1.5 lakh as variable pay) 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. a hedge fund can invest in anything- real estate, commodities, stocks, derivatives and currencies, and hedge funds often use leverage, return above the market return for a given period. 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. 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. Exclusive Insight From 11+ Interviewers. I have two first round phone interviews with Blackstone this week (SA positions) and am hoping to get some insight. what does manager seeding and general partner ownership mean? I am having 7YoE in accounts and finance. Blackstone is the worlds biggest investor in hedge funds and its BAAM unit manages $79 billion in assets. I interviewed at The Blackstone Group (New York, NY) in Jan 2015. - Number of Negotiated Structures / Transactions:+ Data as of 1/1/14. They do some interesting stuff in terms of HOW they create the portfolios, but in the end, it's still a FoF. It has been expanding this year. Can you tell me more about your last work experience? As you have learned, facilitating a productive meeting requires skills that may be critical to your career success. I had a great experience. Repellendus corporis aut possimus non cum. Nice job! I interviewed at The Blackstone Group (New York, NY). what questions would you ask a hedge fund manager? Blackstone BAAM Treasury Analyst interview I have this Blackstone interview tomorrow, it's only 15 minutes but I'm pretty nervous. 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. One of my best interview experiences. Explain the due diligence process, know its relationship to the other four prongs within BAAM (BFE, legal, risk). - 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. Would you say that the two are similar or have you heard of what the summer program is like? if the investor is willing to tolerate the risk, I would then invest, hedge fund portfolio solutions, registered funds, special situations, and general partnership stakes and seeding, what do hedge fund portfolio solutions do, deliver institutional caliber investment exposure to retail investors, seed capital to emerging managers, and minority stakes in established managers, what are the 3 pillars of the BAAM due diligence process, strategy and risk management, legal and product structuring, bFE, what does strategy and risk management do, focuses on researching different asset classes, they have an equities team, global markets, quant, also have a team dedicated to deploying capital to strategic capital group also has a team focusing on special situations, what do legal and product structuring due, how we facilitate investments in those Hedge fund businesses, mix of attorneys and non attorneys that negotiate legal documents, Fundamentals of Financial Management, Concise Edition, Claudia Bienias Gilbertson, Debra Gentene, Mark W Lehman, Don Herrmann, J. David Spiceland, Wayne Thomas. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. Total YOE : 4.5. 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. Sounds like this is for the sophomore summer program. WSO depends on everyone being able to pitch in when they know something. NB. Position: 2024 Blackstone BAAM, Investment Summer Analyst<br><p>Blackstone is the world's largest alternative asset manager. Blackstone BAAM (Originally Posted: 03/03/2013). 2005-2023 Wall Street Oasis. Can't find much on WSO either. And what attracts you to the FoF space? - Miami-Fort Lauderdale, FL, United States Area. and Blackstone Alternative Solutions L.L.C., BAAM's affiliated advisors. 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. See here for a complete list of exchanges and delays. What is the probability that one appears before the other? 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. On Fishbowl, you can share insights and advice anonymously with The Blackstone Group employees and get real answers from people on the inside. Their experience and networks will help us make better. 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. Was contacted by a recruiter, came in 2 weeks later. 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. Learn More $80B Investor Capital Under Management 26+ Year Track Record 115 I felt like everyone was very open, energetic, and had only good things to say about working there. 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. This employer has not claimed their Employer Profile and is missing out on connecting with our community. Began with resume drop, then 2 on 1 phone interview, which was all behavioral questions. 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. 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. The process took 5 days. How do monsoons differ from shamals and Ea totam illum et maiores delectus. 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 At BlackStone Tutors, we have a very simple mission to provide consistently excellent examination and application assistance to students throughout the world. 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