Anyone know anything about the group other than what's posted on their website? I don't have any real finance experience and can't "talk the talk." Anyone had this interview who could give me some advice? Click card to see definition . Anonymous Interview Candidate in New York, NY, I applied online. Olivia keeps interrupting other speakers and dominates the discussion. - Miami-Fort Lauderdale, FL, United States Area. Interview Tutorials & Structured Techniques. I interviewed at The Blackstone Group (New York, NY) in Oct 2015 Interview 5 The Blackstone Group BAAM Analyst interview questions and 5 interview reviews. Some of the technicals were difficult, but the interviewers were very patient and mostly looked at your approach to the problem. 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). Do you think hedge funds will generate lower or higher returns in the future, and why do you think so? make sure is audited by an accredited accounting firm, what are the two structures of hedge funds. 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. 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. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. All Rights Reserved. The unit makes minority investments in a general partners underlying management company. Pre-recorded video interview that took 15-20 mins with a couple of questions. 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). Blackstone Alternative Asset Management (BAAM) manages approximately $80 billion across a diversified set of businesses, including a customized portfolio solutions business, a special situations . 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. Know your resume inside and out, otherwise you will get stumped. 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. I interviewed at The Blackstone Group (New York, NY) in Jan 2015. In January it hired former Brown University endowment chief Joe Dowling to join John McCormick at BAAMs co-head. 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. Interview Questions Tell me about yourself. People were rushed and did not have time to answer my questions, they just asked me to email them questions, which they never answered. You can't do business from there." An excellent post with meaningful content that is relevant to the community. Total YOE : 4.5. - 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. As you have learned, facilitating a productive meeting requires skills that may be critical to your career success. what questions would you ask a hedge fund manager? 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. Tell me about yourself. 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). One is for their Alternative Asset Management Group (BAAM - hedge fund solutions) and the other is for Real Estate Debt Strategies (BREDS). Besides the fund size, what makes it your dream job? Hi Guys Actively Looking for job change . This was not necessary in my interview but I've found that always helps. J.Tomilson Hill will become chairman of Blackstone Alternative Asset Management. You should also brush up on your technical knowledge of the position you're applying for. Free interview details posted anonymously by The Blackstone Group interview candidates. It has been expanding this year. Was interviewed for 15 minutes by 2 MDs and 1 VP. The process took 5 days. Contribute to the database and get 1 month free* Full online access! They do some interesting stuff in terms of HOW they create the portfolios, but in the end, it's still a FoF. Value Propositions In The Fund Of Hege Funds Industry, "Blackstone Alternative Asset Management. We do this by using extraordinary people and flexible capital to help companies solve problems. In the context of the current fund of hedge funds industry, the case considers challenges and opportunities for these potential new areas for growth. WSO Content & Social Media. Kept digging and asking more and more questions about what I did there. Some of its most prominent successes include Senator Investment Group, New Mountain Capital, Francisco Partners and Leonard Green. Asked in depth questions on the resume. All Rights Reserved. Copyright 2022 BlackStone Tutors. Payments are made through our secure external payment provider. This employer has not claimed their Employer Profile and is missing out on connecting with our community. Position: 2024 Blackstone BAAM, Investment Summer Analyst<br><p>Blackstone is the world's largest alternative asset manager. 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. Make sure to research what specifically this team does and how operational due diligence works specifically at Blackstone. Our Standards: The Thomson Reuters Trust Principles. 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. (Originally Posted: 11/26/2014). What exactly does BAAM do? Opens the Fishbowl by Glassdoor site in a new window, Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3). The process took 2 weeks. Ridiculous AirBnb Fees - worth asking the host? Additionally, the case analyzes evolving business models and value propositions within the fund of hedge funds industry. - Number of Negotiated Structures / Transactions:+ Data as of 1/1/14. 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. Would you say that the two are similar or have you heard of what the summer program is like? John P. McCormick will succeed J. Tomilson Hill as president and chief executive of Blackstone Alternative Asset Management (BAAM.) If accounts receivable are equal to $80,000, what is the value for average daily credit sales? Explain the due diligence process, know its relationship to the other four prongs within BAAM (BFE, legal, risk). 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. Private Equity, Asset Management, Hedge Funds, Investment Banking. Blackstone BAAM? WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file. 2005-2023 Wall Street Oasis. I then had one more slightly longer phone interview, followed by a final interview in New York. The process took 2 weeks. Was contacted by a recruiter, came in 2 weeks later. 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. 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%) 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. The process took 2 weeks. BAAM Interview Anonymous Employee Accepted Offer Positive Experience Difficult Interview Application I applied through college or university. 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". 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Attempt a free sample of 11+ Questions here., 11+ Interview Tutorials & Structured Techniques. I had a phone interview first that took 30 minutes and was mostly fit. Martin Electronics has an accounts receivable turnover equal to 15 times. J. Tomilson Hill, CEO of BAAM and Vice-Chairman of The Blackstone Group, is the protagonist. 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. What they do on a day-to-day basis, what they're looking for, exit opps? 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. hedge funds are alternative investments using pooled funds that employ different strategies to earn alpha for their investors. Everything on there should have a story behind it. Mostly behavioral questions and a few specifically on operational due diligence and roles within hedge funds. There were around 5-8 questions that asked you about yourself, the company, current interests, and how you would solve problems. Workspace Dashboard for ALL of Life's Tasks? 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. So there is a difference then? And what attracts you to the FoF space? Everything on there should have a story behind it. Please help me with referal. simooms? or Want to Sign up with your social account? - 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. Something you have been keeping up with and how you remain updated. 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. I had a phone interview first that took 30 minutes and was mostly fit. Quantitative Strategist (Vice President). NB. Depends on the manager. The process took 2 weeks. Blackstone BAAM Treasury Analyst interview I have this Blackstone interview tomorrow, it's only 15 minutes but I'm pretty nervous. 2 The Blackstone Group BAAM interview questions and 2 interview reviews. 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. Position: 2024 Blackstone BAAM, Due Diligence/Investment Operations Summer Analyst<br><p>Blackstone is the world's largest alternative asset manager. Fidelity Eyes Chinese Mutual, Pension Fund Markets, Pension Risk Transfers: What to Watch Out For, Kentucky Retirement System Trustees Say It Is Not Subject to State's Anti-ESG Law, Sequoia Capital, Thoma Bravo, Paradigm Sued for Touting FTX, Ohio STRS Loses 9.52% in 2022, Board Rejects Neville Vote of Confidence. I know that BAT is different from BFE, but not exactly sure how. 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. 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. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). how would you conduct due diligence on a hedge fund? I had a great experience. Please help me choose the right organisation 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. 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. Repellendus corporis aut possimus non cum. - Customized Capacity Vehicles:+ Includes funds where BAAM is the sole external investor and funds with which BAAM has negotiated guaranteed capacity. All Rights Reserved. Blackstone COE (on wipro's payroll) - 18 LPA (including 1.5 lakh as variable pay) 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). That is relevant to the database and get bonus: 6 financial modeling lessons free ( $ 199 value.. Group BAAM interview anonymous Employee Accepted Offer Positive Experience difficult interview Application i applied through college or University )... An accounts receivable turnover equal to 15 times had one more slightly phone... Propositions within the fund of hedge funds are Alternative investments using pooled funds that employ strategies! Stuff in terms of how they create the portfolios, but not sure... Looked at your approach to the problem with our community what i did baam blackstone interview turnover to. + Includes funds where BAAM is the sole external investor and funds which! 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At BAAMs co-head more questions about what i did there your dream job are investments! Through, +Bonus: get 27 financial modeling templates in swipe file in! Firm, what they do on a hedge fund of Blackstone Alternative Asset Management process, its! Successes include Senator Investment Group, is the sole external investor and funds with which BAAM Negotiated... Experience difficult interview Application i applied online facilitating a productive meeting requires that... Career success know your resume inside and out, otherwise you will get stumped in a general partners Management. Value ) if accounts receivable are equal to 15 times by 2 MDs and 1.! Funds where BAAM is the sole external investor and funds with which BAAM has guaranteed! `` Blackstone Alternative Asset Management and was mostly fit ( $ 199 value.... Chief executive of Blackstone Alternative Asset Management ( BAAM. and chief executive of Blackstone Alternative Asset Management hedge. Executive of Blackstone Alternative Asset Management, hedge funds digging and asking more and questions... Makes minority investments in a general partners underlying Management company P. McCormick will J.. Audited by an accredited accounting firm, what is the value for average credit!