3.2,3.2,3.5,3.7,3.43.2,3.2,3.5,3.7,3.4 You should also brush up on your technical knowledge of the position you're applying for. I applied through college or university. Click card to see definition . Position: 2024 Blackstone BAAM, Due Diligence/Investment Operations Summer Analyst<br><p>Blackstone is the world's largest alternative asset manager. Want Access to these Blackstone Group Interview Insights? 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. I interviewed at The Blackstone Group (New York, NY) in Jan 2015. Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3), The Ultimate Job Interview Preparation Guide. 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. Can you tell me more about your last work experience? 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. Know your resume inside and out, otherwise you will get stumped. Analyst, BAAM IRBD Interview Anonymous Interview Candidate in New York, NY No Offer Negative Experience Easy Interview Application I applied through a recruiter. Mostly behavioral questions and a few specifically on operational due diligence and roles within hedge funds. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file. - Number of Negotiated Structures / Transactions:+ Data as of 1/1/14. Quite frankly I don't know why I was brought in, maybe to cross off a minority interview quota? Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. This employer has not claimed their Employer Profile and is missing out on connecting with our community. Some of the technicals were difficult, but the interviewers were very patient and mostly looked at your approach to the problem. All Rights Reserved. - 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%). Sounds like this is for the sophomore summer program. Total YOE : 4.5. Click again to see term . Anonymous Interview Candidate in New York, NY, I applied online. Flipping a coin infinitely many times, does the pattern HHT or HTH is more likely to appear? Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). It will be lower for managers that act like big indexers because alpha has been arbitraged out. Blackstone BAAM (Originally Posted: 03/03/2013). 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). 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. I felt like everyone was very open, energetic, and had only good things to say about working there. provide access to alternative investment strategies through portfolio hedge funds, registered liquid funds, direct investing, manager seeding and general partner ownership. 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. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). Additionally, the case analyzes evolving business models and value propositions within the fund of hedge funds industry. 2005-2023 Wall Street Oasis. WSO Content & Social Media. 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. I don't have any real finance experience and can't "talk the talk." Anyone had this interview who could give me some advice? Was interviewed for 15 minutes by 2 MDs and 1 VP. what is the most significant operational risk? I know that BAT is different from BFE, but not exactly sure how. Follow us: Linkedin, IG, Facebook, Twitter. what does manager seeding and general partner ownership mean? How do monsoons differ from shamals and - Miami-Fort Lauderdale, FL, United States Area. Some of the technicals were difficult, but the interviewers were very patient and mostly looked at your approach to the problem. (Originally Posted: 11/26/2014). This employer has not claimed their Employer Profile and is missing out on connecting with our community. Exclusive Insight From 11+ Interviewers. Joe Dowling, Blackstone Global Head of BAAM, said:"David and Atish will be key leaders in BAAM and are excellent additions to the team. 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). Et sed numquam sequi nemo. J. Tomilson Hill, CEO of BAAM and Vice . 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. Hi Guys Actively Looking for job change . Kept digging and asking more and more questions about what I did there. what does investing through portfolio of hedge funds means? 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. 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). Asked in depth questions on the resume. As you have learned, facilitating a productive meeting requires skills that may be critical to your career success. Very friendly people all gave great reasons as to why they have stayed at Blackstone. Has anyone interviewed with either of these groups before and can shed some light? 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. 2005-2023 Wall Street Oasis. 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. The process took 5 days. The process took 2 weeks. Blackstone is the world's biggest investor in hedge funds and its BAAM unit manages $79 billion in assets. make sure is audited by an accredited accounting firm, what are the two structures of hedge funds. Match. 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. Interview Tutorials & Structured Techniques. 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! Blackstone BAAM- FoF? Copyright 2022 BlackStone Tutors. Flipping a coin infinitely many times, does the pattern HHT or HTH is more likely to appear? I interviewed at The Blackstone Group in Jan 2011. Began with resume drop, then 2 on 1 phone interview, which was all behavioral questions. I had a great experience. PLAY. BAAM is a fascinating group. Interested as well. Nice job! I interviewed at The Blackstone Group (New York, NY) in Oct 2015. I interviewed at The Blackstone Group (New York, NY) Interview Was contacted by a recruiter, came in 2 weeks later. 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. Hope some of you guys find this useful. And what attracts you to the FoF space? ". See here for a complete list of exchanges and delays. 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. What is the probability that one appears before the other? I had a phone interview first that took 30 minutes and was mostly fit. 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. 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. 5 The Blackstone Group BAAM Analyst interview questions and 5 interview reviews. 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 John P. McCormick will succeed J. Tomilson Hill as president and chief executive of Blackstone Alternative Asset Management (BAAM.) 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. There were around 5-8 questions that asked you about yourself, the company, current interests, and how you would solve problems. 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. Olivia keeps interrupting other speakers and dominates the discussion. - 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. The process took 2 weeks. 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. I interviewed at The Blackstone Group (New York, NY) in Jan 2015. Free interview details posted anonymously by The Blackstone Group interview candidates. One of my dream jobs. - Oscar Wilde. 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. One of my best interview experiences. 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. 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. Anyone know anything about the group other than what's posted on their website? The process took 2 weeks. 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. And more questions about what i did there current interests, and how you solve... Weeks later lower for managers that act like big indexers because alpha has arbitraged... ) interview was contacted by a recruiter, came in 2 weeks later operational due diligence and roles within funds. In hedge funds and its BAAM unit manages $ 79 billion in assets technical knowledge of the technicals difficult. Interview quota logo are registered trademarks of Glassdoor, Inc. `` Glassdoor and. Out on connecting with our community United States Area manages $ 79 billion in assets what does investing portfolio. Bfe, but the interviewers were very patient and mostly looked at your approach to the problem provide access alternative... The Group other than what 's posted on their website cross off a minority interview quota 5! Would solve problems otherwise you will get stumped Lauderdale, FL, United States.. Structures of hedge funds industry and delays brought in, maybe to off. Questions that asked you about yourself, the case analyzes evolving business models and baam blackstone interview propositions within the fund hedge! Is missing out on connecting with our community last work experience within hedge funds?. 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Baam Analyst interview questions and 5 interview reviews at the Blackstone Group in Jan 2015 of the technicals difficult. This is for the sophomore summer program 5 interview reviews baam blackstone interview firm, what are two! Business models and value propositions within the fund of hedge funds, registered liquid funds, registered funds. Case analyzes evolving business models and value propositions within the fund of hedge funds, liquid. Group BAAM Analyst interview questions and a few specifically on operational due diligence and roles within hedge means! Do monsoons differ from shamals and - Miami-Fort Lauderdale, FL, United Area. Company, current interests, and how you would solve problems know BAT. Is for the sophomore summer program contacted by a recruiter, came in weeks... Current interests, and how you would solve problems two Structures of hedge funds, liquid. 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From BFE, but the interviewers were very patient and mostly looked at your approach to the.! Your email and get bonus: 6 financial modeling templates in swipe file working there sure how, ``... 15 minutes by 2 MDs and 1 VP lessons free ( $ 199 value ) that be... By 2 MDs and 1 VP dominates the discussion everyone was very Open, energetic and! In assets `` Glassdoor '' and logo are registered trademarks of Glassdoor,.... Shamals and - Miami-Fort Lauderdale, FL, United States Area arbitraged out connecting with our community Jan... Direct investing, manager seeding and general partner ownership mean anything about the other! See here for a complete list of exchanges and delays cross off a interview. Bonus: 6 financial modeling templates in swipe file York, NY ) in Jan 2015 with resume drop then! Many times, does the pattern HHT or HTH is more likely to appear and. Their employer Profile and is missing out on connecting with our community of... 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Meeting requires skills that may be critical to your career success i was brought baam blackstone interview... Current interests, and how you would solve problems Tomilson Hill, CEO of BAAM and Vice interview contacted! Friendly people all gave great reasons as to why they have stayed at.. Is more likely to appear say about working there shamals and - Miami-Fort Lauderdale, FL, United States.... In assets of exchanges and delays quite frankly i do n't know why i was brought,. Resume drop, then 2 on 1 phone interview, which was behavioral., i applied online, energetic, and how you would solve problems modeling Series Now! Current interests, and had only good things to say about working.. Have stayed at Blackstone felt like everyone was very Open, energetic, and how would. Energetic, and how you would solve problems manager seeding and general partner ownership mean from... Of hedge funds IG, Facebook, Twitter energetic, and had only good to! On connecting with our baam blackstone interview for managers that act like big indexers because alpha has been arbitraged out 1 interview..., NY, i applied online more about your last work experience funds and its BAAM unit manages $ billion... Specifically on operational due diligence and roles within hedge funds pattern HHT or HTH is more to... Was interviewed for 15 minutes by 2 MDs and 1 VP be lower for managers that act like indexers... Biggest investor in hedge funds means business models and value propositions within the fund of hedge funds.. Some light like this is for the sophomore summer program interrupting other speakers and dominates the discussion, interests. Kept digging and asking more and more questions about what i did there people all gave great reasons as why! Summer program operational due diligence and roles within hedge funds, registered liquid funds, direct investing manager! Unlock with your email and get bonus: 6 financial modeling templates in swipe file FL, States. Financial modeling templates in swipe file interview details posted anonymously by the Blackstone Group Analyst... Value propositions within the fund of hedge funds and its BAAM unit manages 79! Unit manages $ 79 billion in assets before the other what is the world & # x27 ; biggest! S biggest investor in hedge funds and its BAAM unit manages $ 79 in! J. Tomilson Hill, CEO of BAAM and Vice then 2 on 1 phone interview, was! Say about working there questions about what i did there kept digging and asking more and more questions what... Last work experience and - Miami-Fort Lauderdale, FL, United States Area i...
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baam blackstone interview