Hope some of you guys find this useful. I interviewed at The Blackstone Group (New York, NY) in Jan 2015. The process took 2 weeks. 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. 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. The process took 2 weeks. It's a fund of funds, but they hate that term. Their experience and networks will help us make better. 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. 3.2,3.2,3.5,3.7,3.43.2,3.2,3.5,3.7,3.4 Blackstone is the worlds biggest investor in hedge funds and its BAAM unit manages $79 billion in assets. In the context of the current fund of hedge funds industry, the case considers challenges and opportunities for these potential new areas for growth. 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. Sounds like this is for the sophomore summer program. Thanks so much for this! - Oscar Wilde. Learn More $80B Investor Capital Under Management 26+ Year Track Record 115 Blackstone BAAM Treasury Analyst interview I have this Blackstone interview tomorrow, it's only 15 minutes but I'm pretty nervous. We do this by using extraordinary people and flexible capital to help companies solve problems . 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. Dowling will oversee BAAM's investment activities going forward, while McCormick will oversee BAAM's business and investor functions. 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. Something you have been keeping up with and how you remain updated. 2005-2023 Wall Street Oasis. 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 I had a great experience. Our Standards: The Thomson Reuters Trust Principles. Total YOE : 4.5. 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. Reporting by Svea Herbst-Bayliss; Editing by Dan Grebler. Began with resume drop, then 2 on 1 phone interview, which was all behavioral questions. Depends on the manager. 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. Click again to see term . Anonymous Interview Candidate in New York, NY, I applied through a recruiter. 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 Interview Pre-recorded video interview that took 15-20 mins with a couple of questions. BAAM BFE Summer Interview Anonymous Employee in New York, NY Accepted Offer Positive Experience Average Interview Application I applied through college or university. This employer has not claimed their Employer Profile and is missing out on connecting with our community. Some of its most prominent successes include Senator Investment Group, New Mountain Capital, Francisco Partners and Leonard Green. Interview Tutorials & Structured Techniques. There were around 5-8 questions that asked you about yourself, the company, current interests, and how you would solve problems. Free interview details posted anonymously by The Blackstone Group interview candidates. The unit makes minority investments in a general partners underlying management company. 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. 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. Martin Electronics has an accounts receivable turnover equal to 15 times. This was not necessary in my interview but I've found that always helps. Please help me with referal. 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. Will resigning before is not considered continuous service. 5 The Blackstone Group BAAM Analyst interview questions and 5 interview reviews. Mostly fit interview. Nice job! Gravity. This employer has not claimed their Employer Profile and is missing out on connecting with our community. 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. ". Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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. Blackstone BAAM- FoF? 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. Kept digging and asking more and more questions about what I did there. Opens the Fishbowl by Glassdoor site in a new window, Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3). Veniam ipsam ab nihil natus. If accounts receivable are equal to $80,000, what is the value for average daily credit sales? 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. One is for their Alternative Asset Management Group (BAAM - hedge fund solutions) and the other is for Real Estate Debt Strategies (BREDS). Blackstone is the world's 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. 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. You can't do business from there." At BlackStone Tutors, we have a very simple mission to provide consistently excellent examination and application assistance to students throughout the world. simooms? It has been expanding this year. I had a phone interview first that took 30 minutes and was mostly fit. We do this by using extraordinary people and flexible capital to help companies solve problems. Updated For 2023 Interviews. I then had one more slightly longer phone interview, followed by a final interview in New York. 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). BAAM Interview Anonymous Employee Accepted Offer Positive Experience Difficult Interview Application I applied through college or university. All Rights Reserved. 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). Very tough to break into. I know that BAT is different from BFE, but not exactly sure how. Additionally, the case analyzes evolving business models and value propositions within the fund of hedge funds industry. Nash, who co-founded Blackstone Real Estate Debt Strategies, will become chairman of the GP Stakes platform. I am having 7YoE in accounts and finance. They do some interesting stuff in terms of HOW they create the portfolios, but in the end, it's still a FoF. 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. The process took 2 weeks. Was contacted by a recruiter, came in 2 weeks later. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). I had a great experience. 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. Everything on there should have a story behind it. Hi Guys Actively Looking for job change . It will be lower for managers that act like big indexers because alpha has been arbitraged out. Position: 2024 Blackstone BAAM, Due Diligence/Investment Operations Summer Analyst<br><p>Blackstone is the world's largest alternative asset manager. Contribute to the database and get 1 month free* Full online access! Blackstone Alternative Asset Management (BAAM) has partnered with some of the world's leading investors since 1995. - Number of Negotiated Structures / Transactions:+ Data as of 1/1/14. Molestiae perspiciatis ut et necessitatibus. hedge funds are alternative investments using pooled funds that employ different strategies to earn alpha for their investors. Accenture 16 LPA ( Including 2.59 Lakh as variable pay) Kept digging and asking more and more questions about what I did there. 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. Please describe the interview / hiring process. Can you tell me more about your last work experience? - Customized Capacity Vehicles:+ Includes funds where BAAM is the sole external investor and funds with which BAAM has negotiated guaranteed capacity. or Want to Sign up with your social account? Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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. I interviewed at The Blackstone Group in Jan 2011 Interview I had a great experience. Est natus delectus illo cumque qui. The process took 2 weeks. The process took 2 weeks. Optio at architecto ea molestiae. 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. - Colonel Sanders, Experience is simply the name men give to their mistakes. What should I make of this, what would it be like, and how is it viewed? Do you think hedge funds will generate lower or higher returns in the future, and why do you think so? I interviewed at The Blackstone Group (New York, NY). - Miami-Fort Lauderdale, FL, United States Area. 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! What is the probability that one appears before the other? 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. PLAY. Typical superday in the office with 4 1 on 1 interviews. hedge funds require less SEC regulations. 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. Blackstone BAAM? Mostly behavioral questions and a few specifically on operational due diligence and roles within hedge funds. Sorry, you need to login or sign up in order to vote. 2 The Blackstone Group BAAM interview questions and 2 interview reviews. So there is a difference then? The process took 2 weeks. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). or Want to Sign up with your social account? Anonymous Interview Candidate in New York, NY, I applied online. (Originally Posted: 11/26/2014). You should also brush up on your technical knowledge of the position you're applying for. 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. I had a phone interview first that took 30 minutes and was mostly fit. 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. 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. An excellent post with meaningful content that is relevant to the community.