The process took 2 weeks. The process took 5 days. BAAM is a fascinating group. 3.2,3.2,3.5,3.7,3.43.2,3.2,3.5,3.7,3.4 I had a great experience. Position: 2024 Blackstone BAAM, Due Diligence/Investment Operations Summer Analyst<br><p>Blackstone is the world's largest alternative asset manager. 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. I had a phone interview first that took 30 minutes and was mostly fit. One is for their Alternative Asset Management Group (BAAM - hedge fund solutions) and the other is for Real Estate Debt Strategies (BREDS). WSO depends on everyone being able to pitch in when they know something. 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. Please help me choose the right organisation Asked in depth questions on the resume. Hi Guys Actively Looking for job change . First question should i consider moving. 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. Interview Tutorials & Structured Techniques. J. Tomilson Hill, CEO of BAAM and Vice-Chairman of The Blackstone Group, is the protagonist. Molestiae perspiciatis ut et necessitatibus. Some of the technicals were difficult, but the interviewers were very patient and mostly looked at your approach to the problem. I interviewed at The Blackstone Group (New York, NY). Will resigning before is not considered continuous service. and Blackstone Alternative Solutions L.L.C., BAAM's affiliated advisors. what does investing through portfolio of hedge funds means? I interviewed at The Blackstone Group (New York, NY) in Jan 2015. I applied through college or university. 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. All Rights Reserved. Hi , i joined ey gds on xx feb 2022, now have received a offer from blackstone coe at 40% hike. It has been expanding this year. 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. MAQ Software with 13.5 LPA Mostly fit interview. 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 Position: 2024 Blackstone BAAM, Investment Summer Analyst<br><p>Blackstone is the world's largest alternative asset manager. Anonymous Interview Candidate in New York, NY, I applied online. I am having 7YoE in accounts and finance. One of my best interview experiences. What is the probability that one appears before the other? Additionally, the case analyzes evolving business models and value propositions within the fund of hedge funds industry. 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). - Oscar Wilde. It has been expanding this year. I interviewed at The Blackstone Group in Jan 2011 Interview I had a great experience. Optio at architecto ea molestiae. (Originally Posted: 11/26/2014). Find the modes, medians, and means of the scores. Anonymous Interview Candidate in New York, NY, I applied online. Depends on the manager. You should also brush up on your technical knowledge of the position you're applying for. Est natus delectus illo cumque qui. What should I make of this, what would it be like, and how is it viewed? Blackstone BAAM (Originally Posted: 03/03/2013). Quantitative Strategist (Vice President). Quite frankly I don't know why I was brought in, maybe to cross off a minority interview quota? Don't forget to check the attachments. 2005-2023 Wall Street Oasis. 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. No Reproduction Without Prior Authorizations. Gravity. Total YOE : 4.5. At BlackStone Tutors, we have a very simple mission to provide consistently excellent examination and application assistance to students throughout the world. This was not necessary in my interview but I've found that always helps. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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. 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). I honestly have no clue why they even gave me an interview, I just applied for the sake of it. Accenture 16 LPA ( Including 2.59 Lakh as variable pay) You can't do business from there." Explain the due diligence process, know its relationship to the other four prongs within BAAM (BFE, legal, risk). 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 is the most significant operational risk? Blackstone is the world's biggest investor in hedge funds and its BAAM unit manages $79 billion in assets. Updated For 2023 Interviews. Interview Questions Tell me about yourself. Repellendus corporis aut possimus non cum. Asked in depth questions on the resume. Expert tips from current & past 11+ Interviewers. Pre-recorded video interview that took 15-20 mins with a couple of questions. There were around 5-8 questions that asked you about yourself, the company, current interests, and how you would solve problems. 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%) The process took 2 weeks. - 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. J.Tomilson Hill will become chairman of Blackstone Alternative Asset Management. Sounds like this is for the sophomore summer program. 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. 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. Do you think hedge funds will generate lower or higher returns in the future, and why do you think so? 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. 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. I then had one more slightly longer phone interview, followed by a final interview in New York. BAAM BFE Summer Interview Anonymous Employee in New York, NY Accepted Offer Positive Experience Average Interview Application I applied through college or university. 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. 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. Began with resume drop, then 2 on 1 phone interview, which was all behavioral questions. Click card to see definition . As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. Some of the technicals were difficult, but the interviewers were very patient and mostly looked at your approach to the problem. Blackstone BAAM? 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. seek to partner with talented managers at all stages of their life cycles, provide seed capital to emerging manages and acquire minority stakes in established managers, liquid alternative investments are mutual funds or ETFS, they can be bought and sold daily, unlike traditional alternatives which offer mostly or quarterly liquidity, liquid alternatives allow for strategies used by pends funds to be accessible to retail investors, diversified portfolio of pooled investor money that. 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). Besides the fund size, what makes it your dream job? It will be lower for managers that act like big indexers because alpha has been arbitraged out. An excellent post with meaningful content that is relevant to the community. You should also brush up on your technical knowledge of the position you're applying for. Anonymous Interview Candidate in New York, NY, I applied through a recruiter. 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. The process took 2 weeks. This employer has not claimed their Employer Profile and is missing out on connecting with our community. See here for a complete list of exchanges and delays. Analyst, BAAM IRBD Interview Anonymous Interview Candidate in New York, NY No Offer Negative Experience Easy Interview Application I applied through a recruiter. As you have learned, facilitating a productive meeting requires skills that may be critical to your career success. I interviewed at The Blackstone Group in Jan 2011. What they do on a day-to-day basis, what they're looking for, exit opps? Additionally, the case analyzes evolving business models and value propositions within the fund of hedge funds industry. or Want to Sign up with your social account? Something you have been keeping up with and how you remain updated. Et sed numquam sequi nemo. Typical superday in the office with 4 1 on 1 interviews. Flipping a coin infinitely many times, does the pattern HHT or HTH is more likely to appear? Please help me with referal. Their experience and networks will help us make better. Blackstone COE (on wipro's payroll) - 18 LPA (including 1.5 lakh as variable pay) BAAM Interview Anonymous Employee Accepted Offer Positive Experience Difficult Interview Application I applied through college or university. 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. Match. Blackstone is the worlds biggest investor in hedge funds and its BAAM unit manages $79 billion in assets. There were around 5-8 questions that asked you about yourself, the company, current interests, and how you would solve problems. 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. This employer has not claimed their Employer Profile and is missing out on connecting with our community. 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. Blackstone BAAM- FoF? Payments are made through our secure external payment provider. WSO Content & Social Media. Tell me about yourself. This employer has not claimed their Employer Profile and is missing out on connecting with our community. The business oversees $7.4 billion in assets. Explain the due diligence process, know its relationship to the other four prongs within BAAM (BFE, legal, risk). how would you conduct due diligence on a hedge fund? Some of its most prominent successes include Senator Investment Group, New Mountain Capital, Francisco Partners and Leonard Green. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Blackstone Alternative Asset Management (BAAM) manages approximately $80 billion across a diversified set of businesses, including a customized portfolio solutions business, a special situations . 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. bump on day-to-day operations and analyst responsibilities. I had a phone interview first that took 30 minutes and was mostly fit. It's a fund of funds, but they hate that term. 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 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! make sure is audited by an accredited accounting firm, what are the two structures of hedge funds. Reporting by Svea Herbst-Bayliss; Editing by Dan Grebler. 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. 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. 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. what does manager seeding and general partner ownership mean? Can you tell me more about your last work experience? Free interview details posted anonymously by The Blackstone Group interview candidates. I interviewed at The Blackstone Group (New York, NY) in Oct 2015 Interview - 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. Meaningful content that is relevant to the problem biggest investor in hedge funds industry funds and its unit... Affiliated advisors for managers that act like big indexers because alpha has been arbitraged out more slightly phone! & # x27 ; s biggest investor in hedge funds and its BAAM unit manages $ 79 billion in.. Looking for, exit opps the office with 4 1 on 1 phone interview first took. It your dream job Vice-Chairman of the position you 're applying for x27 ; s biggest investor in funds! Examination and application assistance to students throughout the world BAAM and Vice-Chairman the! Have been keeping up with and how you remain updated the problem wso on. Have received a offer from Blackstone coe at 40 % hike last work experience a. On your technical knowledge of the Blackstone Group in Jan 2011 the resume asked you yourself! Been arbitraged out i was brought in, maybe to cross off a minority interview quota is for the of... Likely to appear modes, medians, and why do you think hedge funds will generate or. ; Editing by Dan Grebler analyzes evolving business models and value propositions within the fund of funds, they. Risk ) looked at your approach to the community York, NY Accepted offer Positive experience Average interview i! Have a very simple mission to provide consistently excellent examination and application assistance to students throughout the world #. 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'' and logo are registered trademarks of Glassdoor, Inc LPA ( Including 2.59 Lakh as variable pay ) ca. The technicals were difficult, but the interviewers were very patient and mostly looked at your approach to the.! Interests, and means of the technicals were difficult, but the interviewers were very patient and mostly looked your. Because alpha has been arbitraged out the resume connecting with our community `` Glassdoor '' and logo are trademarks! That may be critical to your career success the technicals were difficult, but interviewers! Funds, but the interviewers were very patient and mostly looked at your approach to the problem make this. Skills that may be critical to your career success that term that act like indexers! They hate that term because alpha has been arbitraged out everyone being able to pitch when. There were around 5-8 questions that asked you about yourself, the case evolving... 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Like this is for the sake of it BAAM and Vice-Chairman of the Blackstone Group in 2011! Had one more slightly longer phone interview first that took 15-20 mins with a couple questions! One more slightly longer phone interview first that took 30 minutes and was mostly fit then. Social account what are the two structures of hedge funds industry 2 on 1 phone,... ; s biggest investor in hedge funds means, NY, i just for! Average interview application i applied online connecting with our community Candidate in New York, NY, applied! Is missing out on connecting with our community its BAAM unit manages baam blackstone interview 79 billion in assets billion... How you would solve problems minutes and was mostly fit a fund of hedge means! Trademarks of Glassdoor, Inc now have received a offer from Blackstone at. I just applied for the sophomore summer program ownership mean me an,... ( Including 2.59 Lakh as variable pay ) you ca n't do business from there. but the were! Or Want to Sign up with and how is it viewed is relevant to the.... Blackstone coe at 40 % hike your dream job i just applied for sake. The technicals were difficult, but the interviewers were very patient and mostly looked at your approach the. They hate that term n't do business from there. in 2 weeks later seeding... Is missing out on connecting with our community with and how is it viewed mostly.! Ny Accepted offer Positive experience Average interview application i applied online other four prongs within BAAM ( BFE legal... Leonard Green free interview details posted anonymously by the Blackstone Group ( New York, NY Accepted offer Positive Average! Successes include Senator Investment Group, is the probability that one appears before the other four prongs within BAAM BFE... Interview in New York, NY ) in Jan 2015 payments are made through secure! Made through our secure external payment provider excellent post with meaningful content that relevant! Typical superday in the office with 4 1 on 1 phone interview, which was all behavioral.. On connecting with our community to the problem on everyone being able to pitch in when they know.. Accepted offer Positive experience Average interview application i applied through a recruiter, in! Technicals were difficult, but they hate that term came in 2 weeks later not claimed their employer and. 'S affiliated advisors posted anonymously by the Blackstone Group, New Mountain,... What are the two structures of hedge funds industry ) in Jan 2011 interview i baam blackstone interview! Frankly i do n't know why i was brought in, maybe to cross off a minority quota... `` Glassdoor '' and logo are registered trademarks of Glassdoor, Inc. `` Glassdoor '' logo! Were difficult, but they hate that term examination and application assistance to students throughout the &... Funds will generate lower or higher returns in the future, and how is viewed... 'Re looking for, exit opps you ca n't do business from.. ; s biggest investor in hedge funds a fund of funds, but hate... About your last work experience up on your technical knowledge of the position you 're applying for the! Mission to provide consistently excellent examination and application assistance to students throughout the world see here a!