Know your resume inside and out, otherwise you will get stumped. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. The process took 2 weeks. Very friendly people all gave great reasons as to why they have stayed at Blackstone. BAAM is a fascinating group. Analyst, BAAM IRBD Interview Anonymous Interview Candidate in New York, NY No Offer Negative Experience Easy Interview Application I applied through a recruiter. I interviewed at The Blackstone Group in Jan 2011. I had a phone interview first that took 30 minutes and was mostly fit. 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. 1/35. We do this by using extraordinary people and flexible capital to help companies solve problems. what is the most significant operational risk? Asked in depth questions on the resume. and Blackstone Alternative Solutions L.L.C., BAAM's affiliated advisors. ". Count includes customized vehicles, vehicles with negotiated fee discounts, seeding platform funds and coinvestment deals that occurred during each year presented.+ Volume does not double count (i.e., where a vehicle is customized capacity and has a negotiated fee discount, that vehicle is counted only once). PLAY. I felt like everyone was very open, energetic, and had only good things to say about working there. Anonymous Interview Candidate in New York, NY, I applied online. BAAM BFE Summer Interview Anonymous Employee in New York, NY Accepted Offer Positive Experience Average Interview Application I applied through college or university. 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. 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. Hope some of you guys find this useful. hedge funds require less SEC regulations. Flipping a coin infinitely many times, does the pattern HHT or HTH is more likely to appear? how would you conduct due diligence on a hedge fund? Their experience and networks will help us make better. - Customized Capacity Vehicles:+ Includes funds where BAAM is the sole external investor and funds with which BAAM has negotiated guaranteed capacity. 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. J. Tomilson Hill, CEO of BAAM and Vice-Chairman of The Blackstone Group, is the protagonist. Everything on there should have a story behind it. First question should i consider moving. It's a fund of funds, but they hate that term. One is for their Alternative Asset Management Group (BAAM - hedge fund solutions) and the other is for Real Estate Debt Strategies (BREDS). Some of its most prominent successes include Senator Investment Group, New Mountain Capital, Francisco Partners and Leonard Green. 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. 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. (Originally Posted: 11/26/2014). Quantitative Strategist (Vice President). Do you think hedge funds will generate lower or higher returns in the future, and why do you think so? MAQ Software with 13.5 LPA I had a great experience. Blackstone BAAM (Originally Posted: 03/03/2013). 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. I interviewed at The Blackstone Group (New York, NY) in Oct 2015. Omnis reprehenderit similique quidem optio possimus voluptas amet. 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). 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. 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). Payments are made through our secure external payment provider. I have two first round phone interviews with Blackstone this week (SA positions) and am hoping to get some insight. Optio at architecto ea molestiae. J.Tomilson Hill will become chairman of Blackstone Alternative Asset Management. I interviewed at The Blackstone Group (New York, NY) in Oct 2015 Interview I applied through college or university. Will resigning before is not considered continuous service. Dolorem ipsa sapiente temporibus autem. 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". You can't do business from there." Blackstone BAAM? - Number of Negotiated Structures / Transactions:+ Data as of 1/1/14. or Want to Sign up with your social account? 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. 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. Kept digging and asking more and more questions about what I did there. In the context of the current fund of hedge funds industry, the case considers challenges and opportunities for these potential new areas for growth. Expert tips from current & past 11+ Interviewers. Value Propositions In The Fund Of Hege Funds Industry, "Blackstone Alternative Asset Management. 2 The Blackstone Group BAAM interview questions and 2 interview reviews. Tell me about yourself. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). Blackstone BAAM Treasury Analyst interview I have this Blackstone interview tomorrow, it's only 15 minutes but I'm pretty nervous. In January it hired former Brown University endowment. I applied through college or university. Copyright 2022 BlackStone Tutors. Blackstone Alternative Asset Management (BAAM) has partnered with some of the world's leading investors since 1995. What they do on a day-to-day basis, what they're looking for, exit opps? Updated For 2023 Interviews. - Miami-Fort Lauderdale, FL, United States Area. make sure is audited by an accredited accounting firm, what are the two structures of hedge funds. I then had one more slightly longer phone interview, followed by a final interview in New York. Ridiculous AirBnb Fees - worth asking the host? Tags: Blackstone Alternative Asset Management, Hedge Fund, J. Tomilson Hill, John P. McCormick, Fidelity Eyes Chinese Mutual, Pension Fund Markets, 702 King Farm Boulevard, Suite 400, Rockville, MD 20850 / +1 212-944-4455 /. Accenture 16 LPA ( Including 2.59 Lakh as variable pay) Hi , i joined ey gds on xx feb 2022, now have received a offer from blackstone coe at 40% hike. Interview Questions Tell me about yourself. 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. On Fishbowl, you can share insights and advice anonymously with The Blackstone Group employees and get real answers from people on the inside. What is the probability that one appears before the other? All is based on few recent presentations that I was able to gather. Besides the fund size, what makes it your dream job? Sunt dolorem reprehenderit quia ipsum iure et. An excellent post with meaningful content that is relevant to the community. One of my best interview experiences. Position: 2024 Blackstone BAAM, Investment Summer Analyst<br><p>Blackstone is the world's largest alternative asset manager. The process took 2 weeks. - 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. 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. 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. 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. 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. And what attracts you to the FoF space? NB. 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 2 weeks. All Rights Reserved. Flipping a coin infinitely many times, does the pattern HHT or HTH is more likely to appear? bump on day-to-day operations and analyst responsibilities. Interested as well. I had a phone interview first that took 30 minutes and was mostly fit. What exactly does BAAM do? Match. 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. 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 process took 5 days. 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. Began with resume drop, then 2 on 1 phone interview, which was all behavioral questions. BAAM Interview Anonymous Employee Accepted Offer Positive Experience Difficult Interview Application I applied through college or university. How do monsoons differ from shamals and Can you tell me more about your last work experience? 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. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). The unit makes minority investments in a general partners underlying management company. Depends on the manager. ( as in joining bonus they have mentioned one year of continued services). Job title almost similar . Dowling will oversee BAAM's investment activities going forward, while McCormick will oversee BAAM's business and investor functions. Et sed numquam sequi nemo. 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. Blackstone is the world's biggest investor in hedge funds and its BAAM unit manages $79 billion in assets. I interviewed at The Blackstone Group in Jan 2011 Interview I had a great experience. what does investing through portfolio of hedge funds means? The business oversees $7.4 billion in assets. what questions would you ask a hedge fund manager? Follow us: Linkedin, IG, Facebook, Twitter. At BlackStone Tutors, we have a very simple mission to provide consistently excellent examination and application assistance to students throughout the world. Additionally, the case analyzes evolving business models and value propositions within the fund of hedge funds industry. I honestly have no clue why they even gave me an interview, I just applied for the sake of it. 5 The Blackstone Group BAAM Analyst interview questions and 5 interview reviews. 3.2,3.2,3.5,3.7,3.43.2,3.2,3.5,3.7,3.4 Learn More $80B Investor Capital Under Management 26+ Year Track Record 115 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. Total YOE : 4.5. 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. Sole external investor and funds with which BAAM has negotiated guaranteed Capacity Glassdoor,.... 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