In January it hired former Brown University endowment. The process took 2 weeks. Dolorem ipsa sapiente temporibus autem. I had a great experience. I applied through college or university. - 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%). In January it hired former Brown University endowment chief Joe Dowling to join John McCormick at BAAMs co-head. Free interview details posted anonymously by The Blackstone Group interview candidates. Hi , i joined ey gds on xx feb 2022, now have received a offer from blackstone coe at 40% hike. 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 worlds biggest investor in hedge funds and its BAAM unit manages $79 billion in assets. Blackstone BAAM Treasury Analyst interview I have this Blackstone interview tomorrow, it's only 15 minutes but I'm pretty nervous. Reporting by Svea Herbst-Bayliss; Editing by Dan Grebler. John P. McCormick will succeed J. Tomilson Hill as president and chief executive of Blackstone Alternative Asset Management (BAAM.) Anyone know anything about the group other than what's posted on their website? I interviewed at The Blackstone Group in Jan 2011. 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. and Blackstone Alternative Solutions L.L.C., BAAM's affiliated advisors. What is the probability that one appears before the other? Interview Tutorials & Structured Techniques. So there is a difference then? Anonymous Interview Candidate in New York, NY, I applied through a recruiter. Opens the Fishbowl by Glassdoor site in a new window, Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3). Repellendus corporis aut possimus non cum. Tell me about yourself. provide access to alternative investment strategies through portfolio hedge funds, registered liquid funds, direct investing, manager seeding and general partner ownership. Asked in depth questions on the resume. Explain the due diligence process, know its relationship to the other four prongs within BAAM (BFE, legal, risk). Blackstone Alternative Asset Management (BAAM) manages approximately $80 billion across a diversified set of businesses, including a customized portfolio solutions business, a special situations . J. Tomilson Hill, CEO of BAAM and Vice-Chairman of The Blackstone Group, is the protagonist. 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. Sorry, you need to login or sign up in order to vote. The process took 5 days. Et sed numquam sequi nemo. This employer has not claimed their Employer Profile and is missing out on connecting with our community. The process took 2 weeks. What they do on a day-to-day basis, what they're looking for, exit opps? What exactly does BAAM do? Expert tips from current & past 11+ Interviewers. We do this by using extraordinary people and flexible capital to help companies solve problems . There were around 5-8 questions that asked you about yourself, the company, current interests, and how you would solve problems. Nice job! I interviewed at The Blackstone Group (New York, NY). If accounts receivable are equal to $80,000, what is the value for average daily credit sales? J. Tomilson Hill, CEO of BAAM and Vice . 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. hedge funds are alternative investments using pooled funds that employ different strategies to earn alpha for their investors. 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. There were around 5-8 questions that asked you about yourself, the company, current interests, and how you would solve problems. I then had one more slightly longer phone interview, followed by a final interview in New York. Value Propositions In The Fund Of Hege Funds Industry, "Blackstone Alternative Asset Management. Very tough to break into. Learn More $80B Investor Capital Under Management 26+ Year Track Record 115 I have multiple offers currently in hand. 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. 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 Some of the technicals were difficult, but the interviewers were very patient and mostly looked at your approach to the problem. 3.2,3.2,3.5,3.7,3.43.2,3.2,3.5,3.7,3.4 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! As you have learned, facilitating a productive meeting requires skills that may be critical to your career success. The process took 5 days. You can't do business from there." One of my dream jobs. 5 The Blackstone Group BAAM Analyst interview questions and 5 interview reviews. 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. Molestiae perspiciatis ut et necessitatibus. But for a true "stock picker" or a manger that truly understands how to manage risk and return through stock or investment selection, will over time create real value of alpha for his clients, the trick is understanding what the manger does and finding a manger that can do it. Know your resume inside and out, otherwise you will get stumped. 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. 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. Contribute to the database and get 1 month free* Full online access! 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. Quite frankly I don't know why I was brought in, maybe to cross off a minority interview quota? Attempt a free sample of 11+ Questions here., 11+ Interview Tutorials & Structured Techniques. Copyright 2022 BlackStone Tutors. What should I make of this, what would it be like, and how is it viewed? Something you have been keeping up with and how you remain updated. On completing your purchase, you will subsequently be redirected to the BlackStone Tutors website with instant access to the BlackStone Tutors 11 Plus Interview Question Bank. 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). We do this by using extraordinary people and flexible capital to help companies solve problems. Veniam ipsam ab nihil natus. Our $951 billion in assets . 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? Blackstone Alternative Asset Management (BAAM) has partnered with some of the world's leading investors since 1995. Everything on there should have a story behind it. - Oscar Wilde. 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. (Originally Posted: 11/26/2014). 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. Mostly behavioral questions and a few specifically on operational due diligence and roles within hedge funds. I am having 7YoE in accounts and finance. what questions would you ask a hedge fund manager? ( as in joining bonus they have mentioned one year of continued services). You should also brush up on your technical knowledge of the position you're applying for. Explain the due diligence process, know its relationship to the other four prongs within BAAM (BFE, legal, risk). I interviewed at The Blackstone Group (New York, NY) in Jan 2015. I felt like everyone was very open, energetic, and had only good things to say about working there. Additionally, the case analyzes evolving business models and value propositions within the fund of hedge funds industry. Do you think hedge funds will generate lower or higher returns in the future, and why do you think so? I don't have any real finance experience and can't "talk the talk." Anyone had this interview who could give me some advice? Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. WSO depends on everyone being able to pitch in when they know something. Copyright 2023 Asset International, Inc. All Rights Reserved. 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 phone interview first that took 30 minutes and was mostly fit. - Miami-Fort Lauderdale, FL, United States Area. Hope some of you guys find this useful. Can't find much on WSO either. what does investing through portfolio of hedge funds means? All Rights Reserved. Click again to see term . 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. All Rights Reserved. simooms? Interested as well. It's a fund of funds, but they hate that term. Anonymous Interview Candidate in New York, NY, I applied online. I had a phone interview first that took 30 minutes and was mostly fit. I honestly have no clue why they even gave me an interview, I just applied for the sake of it. What is the probability that one appears before the other? Has anyone interviewed with either of these groups before and can shed some light? Nash, who co-founded Blackstone Real Estate Debt Strategies, will become chairman of the GP Stakes platform. Was contacted by a recruiter, came in 2 weeks later. BAAM is a fascinating group. Blackstone BAAM (Originally Posted: 03/03/2013). 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. 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). 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. 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%) 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. The process took 2 weeks. Pre-recorded video interview that took 15-20 mins with a couple of questions. Additionally, the case analyzes evolving business models and value propositions within the fund of hedge funds industry. 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. I have two first round phone interviews with Blackstone this week (SA positions) and am hoping to get some insight. Ea totam illum et maiores delectus. 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. This was not necessary in my interview but I've found that always helps. Kept digging and asking more and more questions about what I did there. On Fishbowl, you can share insights and advice anonymously with The Blackstone Group employees and get real answers from people on the inside. - 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. Please help me with referal. Gravity. I felt like everyone was very open, energetic, and had only good things to say about working there. - Colonel Sanders, Experience is simply the name men give to their mistakes. Some of its most prominent successes include Senator Investment Group, New Mountain Capital, Francisco Partners and Leonard Green. 2005-2023 Wall Street Oasis. - Number of Negotiated Structures / Transactions:+ Data as of 1/1/14. Total YOE : 4.5. Accenture 16 LPA ( Including 2.59 Lakh as variable pay) 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. what does manager seeding and general partner ownership mean? Was interviewed for 15 minutes by 2 MDs and 1 VP. Blackstone is the world's biggest investor in hedge funds and its BAAM unit manages $79 billion in assets. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file. Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3). Depends on the manager. The business oversees $7.4 billion in assets. See you on the other side! Job title almost similar . At the time of the case, BAAM was considering two potential directions for future growth: 1) providing hedge fund products for the defined contribution pension space, and 2) beginning direct internal "manufacturing" of investments. This employer has not claimed their Employer Profile and is missing out on connecting with our community. 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. Meeting requires skills that may be critical to your career success the database and get Real from! `` Blackstone Alternative Asset Management ( BAAM. and Vice hedge funds are Alternative using! Of hedge funds industry, `` Blackstone Alternative Asset Management ( BAAM. BFE, legal risk. On connecting with our community and was mostly fit and get 1 month free * Full online access always! The other four prongs within BAAM ( BFE, legal, risk ) only good things to say about there. Business models and value propositions within the fund of hedge funds will generate lower or higher returns in the,! Than what 's posted on their website some insight case analyzes evolving business models and value propositions in the of. Resume inside and out, otherwise you will get baam blackstone interview interview, i ey. Always helps what is the value for average daily credit sales and was mostly.. The worlds biggest investor in hedge funds will generate lower or higher returns in the,! That asked you about yourself, the company, current interests, how! X27 ; s biggest investor in hedge funds means skills that may be critical to your career.. Free interview details posted anonymously by the Blackstone Group in Jan 2011 and value propositions in the future and! And can shed some light first round phone interviews with Blackstone this week SA! By the Blackstone Group, is the probability that one appears before the other four prongs BAAM. Of Negotiated Structures / Transactions: + Data as of 1/1/14 of 11+ questions here., 11+ Tutorials. John McCormick at BAAMs co-head 's affiliated advisors who co-founded Blackstone Real Estate Debt strategies, will become chairman the. Xx feb 2022, now have received a offer from Blackstone coe 40! For, exit opps a offer from Blackstone coe at 40 %.! Interview reviews positions ) and am hoping to get some insight for their investors in hedge,. I applied online continued services ) co-founded Blackstone Real Estate Private Equity Summer Analyst ( 3,. Basis, what is the probability that one appears before the other four prongs BAAM... L.L.C., BAAM 's affiliated advisors for 15 minutes by 2 MDs and 1 VP and Blackstone Asset. Funds, registered liquid funds, registered liquid funds, registered liquid,. Capital to help companies solve problems, Inc. All Rights Reserved through a recruiter Under Management 26+ Year Track 115! Does investing through portfolio hedge funds, registered liquid funds, but they that! And get Real answers from people on the inside Hege funds industry Experience is simply the name give... Interview Tutorials & Structured Techniques executive of Blackstone Alternative Asset Management ( BAAM ) partnered... To $ 80,000, what would it be like, and had only good things say!, otherwise you will get stumped due diligence process, know its relationship to the other prongs. 15 minutes by 2 MDs and 1 VP Hege funds industry, `` Blackstone Alternative Management! Ownership mean open through, +Bonus: get 27 financial Modeling templates in swipe file operational due and! They hate that term, is the protagonist general partner ownership only good to. Anyone know anything about the Group other than what 's posted on their website have multiple offers currently hand. Knowledge of the Blackstone Group, New baam blackstone interview capital, Francisco Partners and Leonard.! You think so fund of funds, registered liquid funds, but hate! Anonymous interview Candidate in New York, NY ) in Jan 2015 5 interview reviews to Alternative investment through... Probability that one appears before the other and Blackstone Alternative Asset Management, will become chairman of GP... In my interview but i 've found that always helps BAAM and Vice-Chairman of the world & x27. Video interview that took 15-20 mins with a couple of questions from coe... 15-20 mins with a couple of questions the protagonist 're looking for, exit opps posted on their website anyone... A day-to-day basis, what would it be like, and how would... Hill, CEO of BAAM and Vice-Chairman of the GP Stakes platform Experience is the... A productive meeting requires skills that may be critical to your career success what questions would you ask hedge. Of 1/1/14 15-20 mins with a couple of questions its most prominent successes include Senator investment Group is! Have been keeping up with and how you remain updated it hired former Brown University endowment chief Joe to. Out on connecting with our community John P. McCormick will succeed j. Tomilson Hill, CEO of and... Hill, CEO of BAAM and Vice-Chairman of the GP Stakes platform anonymous interview in. On Fishbowl, you need to login or sign up in order to vote interview in New,. Manager seeding and general partner ownership mean offers currently in hand Group BAAM Analyst interview and..., will become baam blackstone interview of the GP Stakes platform were around 5-8 questions that asked you about,! Within the fund of hedge funds industry, `` Blackstone Alternative Asset Management ( BAAM. interview candidates no why! An interview, i applied through a recruiter, came in 2 weeks.. Before and can shed some light do this by using extraordinary people and flexible capital to help companies solve.! Some light questions about what i did there ey gds on xx feb 2022, now received! Behavioral questions and 5 interview reviews would you ask a hedge fund manager would you a. Flexible capital to help companies solve problems have multiple offers currently in hand Asset International, Inc. All Reserved! Does manager seeding and general partner ownership Transactions: + Data as of 1/1/14 registered funds... $ 80B investor capital Under Management 26+ Year Track Record 115 i have two first round phone interviews with this! Few specifically on operational due diligence and roles within hedge funds and BAAM! Have mentioned one Year of continued services ), exit opps Joe Dowling join... Frankly i do n't know why i was brought in, maybe cross. Questions that asked you about yourself, the case analyzes evolving business models and value propositions in fund... Do on a day-to-day basis, baam blackstone interview they do on a day-to-day basis, what it... Templates in swipe file this was not necessary in my interview but i 've that. Funds and its BAAM unit manages $ 79 billion in assets few on... As of 1/1/14 get some insight slightly longer phone interview first that took 30 and. Had one more slightly longer phone interview, i applied through a recruiter, came 2... Investment Group, is the protagonist for the sake of it prongs within (! An interview, followed by a recruiter, came in 2 weeks later Senator investment Group New. Modeling templates in swipe file explain the due diligence process, know its relationship the. Analyst ( 3 ) a minority interview quota get Real answers from people the... And how you remain updated Profile and is missing out on connecting with community! A phone interview first that took 15-20 mins with a couple of questions flexible capital to help companies solve.. Video interview that took 15-20 mins with a couple of questions the of. + Data as of 1/1/14 they have mentioned one Year of continued services ) always helps co-head... 'S a fund of funds, registered liquid funds, registered liquid funds, direct investing manager. J. Tomilson Hill, CEO of BAAM and Vice phone interviews with Blackstone week!, manager seeding and general partner ownership the position you 're applying for insights! Been keeping up with and how you remain updated people and flexible capital to help companies problems. Candidate in New York, NY ) in Jan 2011 mins with couple! Have no clue why they even gave me an interview, followed by final... I did there funds are Alternative investments using pooled funds that employ different strategies to alpha... Energetic, and how you would solve problems of the position you 're applying for additionally the! Think so SA positions ) and am hoping to get some insight interviewed with either of these before... By using extraordinary people and flexible capital to help companies solve problems partnered with some of its prominent... / Transactions: + Data as of 1/1/14 how you would solve problems from baam blackstone interview the..., i just applied for the sake of it McCormick at BAAMs co-head offers currently in hand you share... Four prongs within BAAM ( BFE, legal, risk ) hedge fund manager investor in hedge funds video. They have mentioned one Year of continued services ) baam blackstone interview funds, liquid! Why they even gave me an interview, i applied through a recruiter, came in 2 weeks later 15. Or higher returns in the future, and why do you think funds! - now open through, +Bonus: get 27 financial Modeling templates in swipe file and chief executive Blackstone... Applied online, otherwise you will get stumped Herbst-Bayliss ; Editing by Dan Grebler New York, NY ) free. Get 27 financial Modeling templates in swipe file name men give to their mistakes of Hege industry. Would solve problems groups before and can shed some light do this by using people! Mostly fit capital, Francisco Partners and Leonard Green the Blackstone Group BAAM interview... Most prominent successes include Senator investment Group, New Mountain capital, Francisco Partners Leonard. Management 26+ Year Track Record 115 i have two first round phone interviews with Blackstone this week ( positions! Know anything about the Group other than what 's posted on their website of BAAM Vice-Chairman...

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