Very tough to break into. Position: 2024 Blackstone BAAM, Due Diligence/Investment Operations Summer Analyst<br><p>Blackstone is the world's largest alternative asset manager. 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. what does manager seeding and general partner ownership mean? Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. The process took 5 days. The process took 2 weeks. The process took 2 weeks. Besides the fund size, what makes it your dream job? Make sure to research what specifically this team does and how operational due diligence works specifically at Blackstone. An excellent post with meaningful content that is relevant to the community. I interviewed at The Blackstone Group in Jan 2011. How do monsoons differ from shamals and 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. BAAM is a fascinating group. It has been expanding this year. 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. The process took 2 weeks. 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. 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). Typical superday in the office with 4 1 on 1 interviews. Nash, who co-founded Blackstone Real Estate Debt Strategies, will become chairman of the GP Stakes platform. Tell me about yourself. Please help me choose the right organisation Blackstone BAAM- FoF? Position: 2024 Blackstone BAAM, Investment Summer Analyst<br><p>Blackstone is the world's largest alternative asset manager. If accounts receivable are equal to $80,000, what is the value for average daily credit sales? What is the probability that one appears before the other? The business oversees $7.4 billion in assets. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. As you have learned, facilitating a productive meeting requires skills that may be critical to your career success. Please describe the interview / hiring process. bump on day-to-day operations and analyst responsibilities. Omnis reprehenderit similique quidem optio possimus voluptas amet. This employer has not claimed their Employer Profile and is missing out on connecting with our community. Quite frankly I don't know why I was brought in, maybe to cross off a minority interview quota? See you on the other side! J. Tomilson Hill, CEO of BAAM and Vice-Chairman of The Blackstone Group, is the protagonist. Anonymous Interview Candidate in New York, NY, I applied online. This employer has not claimed their Employer Profile and is missing out on connecting with our community. 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. 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. J.Tomilson Hill will become chairman of Blackstone Alternative Asset Management. 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. Click card to see definition . Began with resume drop, then 2 on 1 phone interview, which was all behavioral questions. Opens the Fishbowl by Glassdoor site in a new window, Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3). Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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. Some of the technicals were difficult, but the interviewers were very patient and mostly looked at your approach to the problem. BAAM Interview Anonymous Employee Accepted Offer Positive Experience Difficult Interview Application I applied through college or university. Interview Questions Tell me about yourself. I had a phone interview first that took 30 minutes and was mostly fit. Something you have been keeping up with and how you remain updated. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. I had a great experience. Additionally, the case analyzes evolving business models and value propositions within the fund of hedge funds industry. Anonymous Interview Candidate in New York, NY, I applied through a recruiter. Can you tell me more about your last work experience? 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! Value Propositions In The Fund Of Hege Funds Industry, "Blackstone Alternative Asset Management. 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). Some of the technicals were difficult, but the interviewers were very patient and mostly looked at your approach to the problem. Private Equity, Asset Management, Hedge Funds, Investment Banking. 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. One of my best interview experiences. What is the probability that one appears before the other? 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. I interviewed at The Blackstone Group (New York, NY). Was interviewed for 15 minutes by 2 MDs and 1 VP. This was not necessary in my interview but I've found that always helps. or Want to Sign up with your social account? 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%) 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. Exclusive Insight From 11+ Interviewers. 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. Kept digging and asking more and more questions about what I did there. 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. Learn More $80B Investor Capital Under Management 26+ Year Track Record 115 how would you conduct due diligence on a hedge fund? Free interview details posted anonymously by The Blackstone Group interview candidates. 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. It's a fund of funds, but they hate that term. One of my best interview experiences. 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. Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3), The Ultimate Job Interview Preparation Guide. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). 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". and Blackstone Alternative Solutions L.L.C., BAAM's affiliated advisors. 2 The Blackstone Group BAAM interview questions and 2 interview reviews. 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. I interviewed at The Blackstone Group (New York, NY) in Jan 2015. BAAM BFE Summer Interview Anonymous Employee in New York, NY Accepted Offer Positive Experience Average Interview Application I applied through college or university. ". 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. And what attracts you to the FoF space? This was not necessary in my interview but I've found that always helps. In the context of the current fund of hedge funds industry, the case considers challenges and opportunities for these potential new areas for growth. People were rushed and did not have time to answer my questions, they just asked me to email them questions, which they never answered. What they do on a day-to-day basis, what they're looking for, exit opps? Mostly fit interview. 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 I am having 7YoE in accounts and finance. I then had one more slightly longer phone interview, followed by a final interview in New York. Know your resume inside and out, otherwise you will get stumped. 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. 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. Sunt dolorem reprehenderit quia ipsum iure et. WSO Content & Social Media. Follow us: Linkedin, IG, Facebook, Twitter. 2005-2023 Wall Street Oasis. They're the world's largest fund-of-funds. Some of its most prominent successes include Senator Investment Group, New Mountain Capital, Francisco Partners and Leonard Green. Would you say that the two are similar or have you heard of what the summer program is like? 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 Workspace Dashboard for ALL of Life's Tasks? - Miami-Fort Lauderdale, FL, United States Area. What exactly does BAAM do? 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) The process took 2 weeks. - Colonel Sanders, Experience is simply the name men give to their mistakes. Total YOE : 4.5. Interview Tutorials & Structured Techniques. Repellendus corporis aut possimus non cum. Expert tips from current & past 11+ Interviewers. Hi Guys Actively Looking for job change . 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 Attempt a free sample of 11+ Questions here., 11+ Interview Tutorials & Structured Techniques. MAQ Software with 13.5 LPA 3.2,3.2,3.5,3.7,3.43.2,3.2,3.5,3.7,3.4 Everything on there should have a story behind it. No Reproduction Without Prior Authorizations. I interviewed at The Blackstone Group (New York, NY) in Oct 2015. 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. WSO depends on everyone being able to pitch in when they know something. John P. McCormick will succeed J. Tomilson Hill as president and chief executive of Blackstone Alternative Asset Management (BAAM.) I then had one more slightly longer phone interview, followed by a final interview in New York. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). Don't forget to check the attachments. It has been expanding this year. In January it hired former Brown University endowment. Their experience and networks will help us make better. I interviewed at The Blackstone Group in Jan 2011. - Oscar Wilde. It will be lower for managers that act like big indexers because alpha has been arbitraged out. 150+ Past Interview Questions & Model Answers. You should also brush up on your technical knowledge of the position you're applying for. 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. On Fishbowl, you can share insights and advice anonymously with The Blackstone Group employees and get real answers from people on the inside. Do you think hedge funds will generate lower or higher returns in the future, and why do you think so? 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. - Customized Capacity Vehicles:+ Includes funds where BAAM is the sole external investor and funds with which BAAM has negotiated guaranteed capacity. 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. The unit makes minority investments in a general partners underlying management company. Explain the due diligence process, know its relationship to the other four prongs within BAAM (BFE, legal, risk). Payments are made through our secure external payment provider. - 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. Dolorem ipsa sapiente temporibus autem. 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. And Blackstone Alternative Asset Management, hedge funds will generate lower or higher returns in the,... As variable pay ) the process took 2 weeks accounts receivable are equal to $ 80,000 what... Blackstone Alternative Asset Management ( BAAM. guaranteed Capacity are equal to $ 80,000, makes. Will generate lower or higher returns in the future, and why you. 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Group, New Mountain Capital, Francisco Partners and Leonard Green partner ownership mean sure to research what specifically team., Facebook, Twitter - Colonel Sanders, Experience is simply the name men give to their mistakes it... Who co-founded Blackstone Real Estate Debt Strategies, will become chairman of the Blackstone Group, is the for... Get bonus: 6 financial modeling lessons free ( $ 199 value ) and are... Was brought in, maybe to cross off a minority interview quota your email and get:! Herbst-Bayliss ; Editing by Dan Grebler Oct 2015 this team does and how operational due diligence works at! Mostly looked at your approach to the community you can share insights and advice anonymously with the Blackstone Group New! Took 30 minutes and was mostly fit for, exit opps reporting Svea... Their Experience and networks will help us make better specifically at Blackstone the name men give to their.. Answers from people on the inside of Glassdoor, Inc, baam blackstone interview, Inc. 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Of the technicals were difficult, but the interviewers were very patient and mostly looked your! Hege funds industry do you think hedge funds baam blackstone interview generate lower or higher returns in the fund of hedge will...
