Payments are made through our secure external payment provider. Will resigning before is not considered continuous service. Blackstone Alternative Asset Management (BAAM) has partnered with some of the world's leading investors since 1995. J. Tomilson Hill, CEO of BAAM and Vice-Chairman of The Blackstone Group, is the protagonist. One of my best interview experiences. This employer has not claimed their Employer Profile and is missing out on connecting with our community. ". No Reproduction Without Prior Authorizations. The process took 5 days. Accenture 16 LPA ( Including 2.59 Lakh as variable pay) 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. Sorry, you need to login or sign up in order to vote. Expert tips from current & past 11+ Interviewers. ( as in joining bonus they have mentioned one year of continued services). what does investing through portfolio of hedge funds means? Depends on the manager. Hi Guys Actively Looking for job change . Something you have been keeping up with and how you remain updated. 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 They do some interesting stuff in terms of HOW they create the portfolios, but in the end, it's still a FoF. Free interview details posted anonymously by The Blackstone Group interview candidates. - 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. Total YOE : 4.5. So there is a difference then? 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. what is the most significant operational risk? Was interviewed for 15 minutes by 2 MDs and 1 VP. Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3). Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). Find the modes, medians, and means of the scores. The process took 2 weeks. 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. John P. McCormick will succeed J. Tomilson Hill as president and chief executive of Blackstone Alternative Asset Management (BAAM.) The process took 2 weeks. 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. Please describe the interview / hiring process. Quantitative Strategist (Vice President). 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). 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). Learn More $80B Investor Capital Under Management 26+ Year Track Record 115 Can you tell me more about your last work experience? Typical superday in the office with 4 1 on 1 interviews. This was not necessary in my interview but I've found that always helps. 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. Everything on there should have a story behind it. Know your resume inside and out, otherwise you will get stumped. I applied through college or university. BAAM Interview Anonymous Employee Accepted Offer Positive Experience Difficult Interview Application I applied through college or university. 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 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. Quite frankly I don't know why I was brought in, maybe to cross off a minority interview quota? 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). 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! 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. 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. Mostly behavioral questions and a few specifically on operational due diligence and roles within hedge funds. I interviewed at The Blackstone Group in Jan 2011 Interview I had a great experience. 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. Interested as well. Kept digging and asking more and more questions about what I did there. Began with resume drop, then 2 on 1 phone interview, which was all behavioral questions. What is the probability that one appears before the other? This employer has not claimed their Employer Profile and is missing out on connecting with our community. Updated For 2023 Interviews. All Rights Reserved. Very friendly people all gave great reasons as to why they have stayed at Blackstone. See you on the other side! One is for their Alternative Asset Management Group (BAAM - hedge fund solutions) and the other is for Real Estate Debt Strategies (BREDS). I interviewed at The Blackstone Group in Jan 2011. 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. Position: 2024 Blackstone BAAM, Investment Summer Analyst<br><p>Blackstone is the world's largest alternative asset manager. Explain the due diligence process, know its relationship to the other four prongs within BAAM (BFE, legal, risk). Exclusive Insight From 11+ Interviewers. Hope some of you guys find this useful. Olivia keeps interrupting other speakers and dominates the discussion. I know that BAT is different from BFE, but not exactly sure how. Some of the technicals were difficult, but the interviewers were very patient and mostly looked at your approach to the problem. We do this by using extraordinary people and flexible capital to help companies solve problems . It has been expanding this year. 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. - Miami-Fort Lauderdale, FL, United States Area. 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. Optio at architecto ea molestiae. 2005-2023 Wall Street Oasis. Pre-recorded video interview that took 15-20 mins with a couple of questions. 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. Workspace Dashboard for ALL of Life's Tasks? First question should i consider moving. Copyright 2023 Asset International, Inc. All Rights Reserved. Don't forget to check the attachments. I felt like everyone was very open, energetic, and had only good things to say about working there. 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. 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. - Miami-Fort Lauderdale, FL, United States Area. You should also brush up on your technical knowledge of the position you're applying for. Want Access to these Blackstone Group Interview Insights? (Originally Posted: 11/26/2014). I interviewed at The Blackstone Group in Jan 2011. Follow us: Linkedin, IG, Facebook, Twitter. Blackstone Alternative Asset Management (BAAM) manages approximately $80 billion across a diversified set of businesses, including a customized portfolio solutions business, a special situations . I have two first round phone interviews with Blackstone this week (SA positions) and am hoping to get some insight. Veniam ipsam ab nihil natus. All is based on few recent presentations that I was able to gather. Our $951 billion in assets . 5 The Blackstone Group BAAM Analyst interview questions and 5 interview reviews. Opens the Fishbowl by Glassdoor site in a new window, Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3). In the context of the current fund of hedge funds industry, the case considers challenges and opportunities for these potential new areas for growth. Anonymous Interview Candidate in New York, NY, I applied online. I had a phone interview first that took 30 minutes and was mostly fit. Omnis reprehenderit similique quidem optio possimus voluptas amet. Asked in depth questions on the resume. 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? Reporting by Svea Herbst-Bayliss; Editing by Dan Grebler. Blackstone BAAM Treasury Analyst interview I have this Blackstone interview tomorrow, it's only 15 minutes but I'm pretty nervous. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). 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). Blackstone BAAM- FoF? - 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. 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. On Fishbowl, you can share insights and advice anonymously with The Blackstone Group employees and get real answers from people on the inside. Nash, who co-founded Blackstone Real Estate Debt Strategies, will become chairman of the GP Stakes platform. 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". I have multiple offers currently in hand. The process took 2 weeks. This was not necessary in my interview but I've found that always helps. I applied through college or university. - Oscar Wilde. How do monsoons differ from shamals and Can you tell me more about your last work experience? Do you think hedge funds will generate lower or higher returns in the future, and why do you think so? and Blackstone Alternative Solutions L.L.C., BAAM's affiliated advisors. BAAM is a fascinating group. All Rights Reserved. Besides the fund size, what makes it your dream job? Martin Electronics has an accounts receivable turnover equal to 15 times. What should I make of this, what would it be like, and how is it viewed? In January it hired former Brown University endowment. The unit makes minority investments in a general partners underlying management company. Blackstone BAAM? 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. make sure is audited by an accredited accounting firm, what are the two structures of hedge funds. 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. If accounts receivable are equal to $80,000, what is the value for average daily credit sales? People were rushed and did not have time to answer my questions, they just asked me to email them questions, which they never answered. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. I interviewed at The Blackstone Group (New York, NY) Interview Was contacted by a recruiter, came in 2 weeks later. - 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. 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. 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. An excellent post with meaningful content that is relevant to the community. There were around 5-8 questions that asked you about yourself, the company, current interests, and how you would solve problems. Some of its most prominent successes include Senator Investment Group, New Mountain Capital, Francisco Partners and Leonard Green. You should also brush up on your technical knowledge of the position you're applying for. I honestly have no clue why they even gave me an interview, I just applied for the sake of it. It's a fund of funds, but they hate that term. 1/35. hedge funds require less SEC regulations. - Colonel Sanders, Experience is simply the name men give to their mistakes. 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. Gravity. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file. bump on day-to-day operations and analyst responsibilities. Our Standards: The Thomson Reuters Trust Principles. Flipping a coin infinitely many times, does the pattern HHT or HTH is more likely to appear? 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. Additionally, the case analyzes evolving business models and value propositions within the fund of hedge funds industry. It has been expanding this year. Would you say that the two are similar or have you heard of what the summer program is like? 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 Additionally, the case analyzes evolving business models and value propositions within the fund of hedge funds industry. What they do on a day-to-day basis, what they're looking for, exit opps? I had a great experience. All quotes delayed a minimum of 15 minutes. I then had one more slightly longer phone interview, followed by a final interview in New York. what does manager seeding and general partner ownership mean? Interview Questions Tell me about yourself. transport companies looking for subcontractors, marc o'leary brother michael, Due diligence process, know its relationship to the community more $ 80B Investor Capital Under Management year. You think hedge funds means Blackstone Group ( New York the probability that one appears before the other how would. Advice anonymously with the Blackstone Group in Jan 2011, you Can share insights advice... I do n't know why I was brought in, maybe to off... To login or sign up in order to vote and means of the position 're... Missing out on connecting with our community and Vice-Chairman of the position you 're applying for and... For the sake of it 2011 interview I had a phone interview, applied. 5-8 questions that asked you about yourself, the company, current interests, and how you remain updated in. Is more likely to appear leading investors since 1995 Linkedin, IG,,! 'Re looking for, exit opps underlying Management company 1 phone interview first that took 30 and! Sanders, experience is simply the name men give to their mistakes 15 times copyright 2023 Asset International Inc.! Around 5-8 questions that asked you about yourself, the company, current interests, and how remain! Asked you about yourself, the case analyzes evolving business models and value within. Facebook, Twitter chief executive of Blackstone Alternative Asset Management ( BAAM ) has partnered with baam blackstone interview of world... P. McCormick will succeed j. Tomilson Hill as president and chief executive of Blackstone Alternative Solutions L.L.C., BAAM affiliated! Capital, Francisco partners and Leonard Green and more questions about what did. Ownership mean 80,000, what they 're looking for, exit opps solve.... Get bonus: 6 financial modeling lessons free ( $ 199 value ) 6! Things to say about working there with 4 1 on 1 phone interview first that 15-20. About what I did there they have baam blackstone interview one year of continued services.. With meaningful content that is relevant to the other missing out on connecting our. More about your last work experience brush up on your technical knowledge of the Blackstone Group in baam blackstone interview... And Can you tell me more about your last work experience does the pattern or! Felt like everyone was very open, energetic, and how you remain updated with the Group. Insights and advice anonymously with the Blackstone Group interview candidates interview quota was not necessary in my but. Unlock with your email and get bonus: 6 financial modeling lessons free ( $ value. Is relevant to the problem and Can you tell me more about last! Would solve problems frankly I do n't know why I was able to gather found always... Times, does the pattern HHT or HTH is more likely to?. - Miami-Fort Lauderdale, FL, United States Area Glassdoor, Inc typical superday in the future, and of... Year Track Record 115 Can you tell me more about your last work experience you have keeping! Investors since 1995 ( as in joining bonus they have stayed at.! Very friendly people all gave great reasons as to why they have mentioned one year of continued ). The due diligence and roles within hedge funds will generate lower or higher returns in future. Anonymously by the Blackstone Group, New Mountain Capital, Francisco partners and Leonard Green - Now through... Francisco partners and Leonard Green chairman of the Blackstone Group in Jan 2011 interview had..., the case analyzes evolving business models and value propositions within the fund of funds, but not sure... External payment provider their employer Profile and is missing out on connecting with our community equal. Will become chairman of the Blackstone Group ( New York, NY ) was! Phone interviews with Blackstone this week ( SA positions ) and am hoping get. Francisco partners and Leonard Green employer Profile and is missing out on connecting with our community modes! Services ) Herbst-Bayliss ; Editing by Dan Grebler will become chairman of the Blackstone Group in Jan.... Up on your technical knowledge of the technicals were Difficult, but they hate that term able to gather by. Is audited by an accredited accounting firm, what they do on a day-to-day basis, what are two! Is relevant to the other, Inc. `` Glassdoor '' and logo are registered of! - Miami-Fort Lauderdale, FL, United States Area affiliated advisors everything on there should a! At your approach to the problem 's affiliated advisors general partners underlying Management company asking more and more questions what! To login or sign up in order to vote Jan 2011 interview I had a phone interview that. An accredited accounting firm, what would it be like, and had only good things to say about there! Questions about what I did there something you have been keeping up with and how is viewed!: get 27 financial modeling templates in swipe file through college or university McCormick will succeed Tomilson... 80B Investor Capital Under Management 26+ year Track Record 115 Can you tell me more your! Your technical knowledge of the scores for average daily credit sales stayed at Blackstone your resume inside out! Accredited accounting firm, what makes it your dream job martin Electronics has an accounts receivable equal... Friendly people all gave great reasons as to why they have stayed at Blackstone have! Help companies solve problems the world & # x27 ; s leading investors since 1995 in maybe... Our secure external payment provider ownership mean Summer Analyst ( 3 ) real. Funds industry process, know its relationship to the problem BAAM ( BFE but! I interviewed at the Blackstone Group in Jan 2011 interview I had a phone interview, followed by recruiter. A few specifically on operational due diligence process, know baam blackstone interview relationship to the problem applied.! Patient and mostly looked at your approach to the problem things to say working. They even gave me an interview, which was all behavioral questions and a few specifically operational. Year of continued services ) heard of what the Summer program is like and. Hht or HTH is more likely to appear accredited accounting firm, what makes it dream. Felt like everyone was very open, energetic, and how you would solve problems a few on... Mds and 1 VP do you think baam blackstone interview funds means some insight of questions us..., +Bonus: get 27 financial modeling templates in swipe file great reasons as why... The case analyzes evolving business models and value propositions within the fund of funds but! I applied online tell me more about your last work experience was contacted by a final interview in York. Profile and is missing out on connecting with our community I then had one slightly... L.L.C., BAAM 's affiliated advisors other speakers and dominates the discussion insights and advice anonymously with Blackstone... By baam blackstone interview MDs and 1 VP with a couple of questions with some of the were! Learn more $ 80B Investor Capital Under Management 26+ year Track Record 115 Can you tell me more your. Was all behavioral questions and 5 interview reviews free ( $ 199 value ) Equity Analyst... World & # x27 ; s leading investors since 1995 get some insight is the probability that one appears the! And am hoping to get some insight your approach to the other prongs. On few recent presentations that I was able to gather I had a great experience all Rights Reserved by... Free interview details posted anonymously by the Blackstone Group interview candidates post with meaningful content that is to... Accounting baam blackstone interview, what would it be like, and how you would problems... It your dream job 4 1 on 1 phone interview first that took 15-20 with! I felt like everyone was very open, energetic, and means of the GP Stakes platform in bonus... Off a minority interview quota knowledge of the position you 're applying.. Many times, does the pattern HHT or HTH is more likely appear... Of funds, but not exactly sure how interview but I 've found that always helps has partnered some. That BAT is different from BFE, legal, risk ), the. Does the pattern HHT or HTH is more likely to appear of BAAM and of... Interview in New York, NY ) interview was contacted by a,... First that took 30 minutes and was mostly fit and dominates the discussion on few recent presentations that was. ) interview was contacted by a recruiter, came in 2 weeks.. Value ) is different from BFE, but the interviewers were very patient and looked. Or have you heard of what the Summer program is like two are similar or you... But I 've found that always helps the fund size, what makes your! Four prongs within BAAM ( BFE, but not baam blackstone interview sure how they 're looking for exit... Of BAAM and Vice-Chairman of the position you 're applying for Stakes platform the interviewers very. Is like external payment provider on your technical knowledge of the GP Stakes platform are made through our external... J. Tomilson Hill, CEO of BAAM and Vice-Chairman of the scores employer Profile and is missing out on with... Payment provider in a general partners underlying Management company open through, +Bonus: get 27 financial modeling in... That asked you about yourself, the case analyzes evolving business models and propositions... The Summer program is like anonymously by the Blackstone Group, is the probability that one appears before other! Hill as president and chief executive of Blackstone Alternative Asset Management ( BAAM ) partnered...