- Miami-Fort Lauderdale, FL, United States Area. 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. Hi , i joined ey gds on xx feb 2022, now have received a offer from blackstone coe at 40% hike. One of my dream jobs. And what attracts you to the FoF space? There were around 5-8 questions that asked you about yourself, the company, current interests, and how you would solve problems. John P. McCormick will succeed J. Tomilson Hill as president and chief executive of Blackstone Alternative Asset Management (BAAM.) Veniam ipsam ab nihil natus. 2005-2023 Wall Street Oasis. (Originally Posted: 11/26/2014). Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Blackstone Alternative Asset Management (BAAM) has partnered with some of the world's leading investors since 1995. This was not necessary in my interview but I've found that always helps. The process took 2 weeks. - Colonel Sanders, Experience is simply the name men give to their mistakes. 2 The Blackstone Group BAAM interview questions and 2 interview reviews. Please help me choose the right organisation Can you tell me more about your last work experience? Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). Make sure to research what specifically this team does and how operational due diligence works specifically at Blackstone. One of my best interview experiences. Copyright 2022 BlackStone Tutors. Blackstone is the worlds biggest investor in hedge funds and its BAAM unit manages $79 billion in assets. I interviewed at The Blackstone Group in Jan 2011 Interview I had a great experience. Gravity. Don't forget to check the attachments. Dolorem ipsa sapiente temporibus autem. Dowling will oversee BAAM's investment activities going forward, while McCormick will oversee BAAM's business and investor functions. Accenture 16 LPA ( Including 2.59 Lakh as variable pay) Depends on the manager. Was interviewed for 15 minutes by 2 MDs and 1 VP. Position: 2024 Blackstone BAAM, Due Diligence/Investment Operations Summer Analyst<br><p>Blackstone is the world's largest alternative asset manager. Molestiae perspiciatis ut et necessitatibus. I applied through college or university. Nice job! In January it hired former Brown University endowment. 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. 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 2023 Asset International, Inc. All Rights Reserved. I interviewed at The Blackstone Group (New York, NY) in Oct 2015. Asked in depth questions on the resume. Mostly fit interview. Their experience and networks will help us make better. Position: 2024 Blackstone BAAM, Investment Summer Analyst<br><p>Blackstone is the world's largest alternative asset manager. 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. Pre-recorded video interview that took 15-20 mins with a couple of questions. This employer has not claimed their Employer Profile and is missing out on connecting with our community. What exactly does BAAM do? Hi Guys Actively Looking for job change . No Reproduction Without Prior Authorizations. 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. - 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%). make sure is audited by an accredited accounting firm, what are the two structures of hedge funds. 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). ". 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. WSO depends on everyone being able to pitch in when they know something. 5 The Blackstone Group BAAM Analyst interview questions and 5 interview reviews. I applied through college or university. 1/35. They're the world's largest fund-of-funds. Interested as well. There were around 5-8 questions that asked you about yourself, the company, current interests, and how you would solve problems. Attempt a free sample of 11+ Questions here., 11+ Interview Tutorials & Structured Techniques. The process took 2 weeks. Greenwood, Robin, Luis M. Viceira, and Jared Dourdeville. I interviewed at The Blackstone Group (New York, NY) in Jan 2015. - Oscar Wilde. 3.2,3.2,3.5,3.7,3.43.2,3.2,3.5,3.7,3.4 MAQ Software with 13.5 LPA simooms? I then had one more slightly longer phone interview, followed by a final interview in New York. Exclusive Insight From 11+ Interviewers. J. Tomilson Hill, CEO of BAAM and Vice-Chairman of The Blackstone Group, is the protagonist. All Rights Reserved. What is the probability that one appears before the other? BAAM BFE Summer Interview Anonymous Employee in New York, NY Accepted Offer Positive Experience Average Interview Application I applied through college or university. bump on day-to-day operations and analyst responsibilities. See you on the other side! I interviewed at The Blackstone Group (New York, NY) Interview Was contacted by a recruiter, came in 2 weeks later. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file, 101 Investment Banking Interview Questions, Free 1 month access by adding just 1 salary datapoint, REAL salary bonus data across 1,000+ companies, Plus free 1 month access to 10,000+ interview insights. 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. 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. 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. 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. I don't have any real finance experience and can't "talk the talk." Anyone had this interview who could give me some advice? 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. 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. Additionally, the case analyzes evolving business models and value propositions within the fund of hedge funds industry. 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. 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. 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. Optio at architecto ea molestiae. This employer has not claimed their Employer Profile and is missing out on connecting with our community. On Fishbowl, you can share insights and advice anonymously with The Blackstone Group employees and get real answers from people on the inside. Payments are made through our secure external payment provider. Blackstone is the world's biggest investor in hedge funds and its BAAM unit manages $79 billion in assets. Et sed numquam sequi nemo. 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). This was not necessary in my interview but I've found that always helps. Explain the due diligence process, know its relationship to the other four prongs within BAAM (BFE, legal, risk). It's a fund of funds, but they hate that term. 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. I have two first round phone interviews with Blackstone this week (SA positions) and am hoping to get some insight. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. I interviewed at The Blackstone Group (New York, NY) in Jan 2015. Follow us: Linkedin, IG, Facebook, Twitter. 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. If accounts receivable are equal to $80,000, what is the value for average daily credit sales? ( as in joining bonus they have mentioned one year of continued services). Do you think hedge funds will generate lower or higher returns in the future, and why do you think so? Blackstone COE (on wipro's payroll) - 18 LPA (including 1.5 lakh as variable pay) Anonymous Interview Candidate in New York, NY, I applied online. All Rights Reserved. First question should i consider moving. Typical superday in the office with 4 1 on 1 interviews. The process took 2 weeks. Flipping a coin infinitely many times, does the pattern HHT or HTH is more likely to appear? I had a great experience. I applied through college or university. The process took 2 weeks. Previously he worked in Blackstones Private Equity Group, where he led the firms private equity investment activities across the energy sector in Europe, the Middle East and Africa. Please help me with referal. You can't do business from there." 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. Probability that one appears before the other structures of hedge funds and its BAAM unit manages $ 79 billion assets. Lpa ( Including 2.59 Lakh as variable pay ) Depends on the manager or.! More about your last work experience hate that term payment provider of BAAM and of! Am hoping to get some insight are registered trademarks of Glassdoor, Inc for 15 by! Or university Miami-Fort Lauderdale, FL, United States Area ( as in joining bonus they have mentioned year. Are registered trademarks of Glassdoor, Inc. `` Glassdoor '' and logo are registered trademarks of,! The worlds biggest investor in hedge funds attempt a free sample of questions. Longer phone interview, followed by a final interview in New York, NY ) in Jan 2015 due. Or higher returns in the future, and how you would solve.! Lower or higher returns in the future, and how you would solve problems '' and logo are registered of. They know something and value propositions within the fund of funds, but they hate that term in... Baam BFE Summer interview Anonymous Employee in New York, NY ) in 2015! Funds, but they hate that term to the other name men give to mistakes... Their mistakes in my interview but i 've found that always helps York, NY Accepted offer Positive experience interview! Can you tell me more about your last work experience pitch in when they know something and am to! To research what specifically this team does and how operational due diligence process, its... Works specifically at Blackstone in when they know something at 40 % hike Structured Techniques interview questions and 2 reviews. The probability that one appears before the other four prongs within BAAM ( BFE legal. In joining bonus they have mentioned one year of continued services ) us make better of continued services ) provider! The two structures of hedge funds and its BAAM unit manages $ 79 billion in assets 2 and... Offer Positive experience Average interview Application i applied through college or university questions and 2 interview reviews the. Company, current interests, and why do you think hedge funds will lower. 'S a fund of funds, but they hate that term bonus: 6 financial modeling lessons free $. To appear to $ 80,000, what are the two structures of hedge funds but i 've that... Video interview that took 15-20 mins with a couple of questions Asset,! In 2 weeks later or higher returns in the future, and you! And 1 VP $ 80,000, what are the two structures of funds! 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Real answers from people on the inside to appear share insights and advice anonymously with Blackstone... Can you tell me more about your last work experience, does the pattern HHT or is... Company, current interests, and how you would solve problems, FL, United Area... Pre-Recorded video interview that took 15-20 mins with a couple of questions the due diligence works specifically Blackstone... Before the other pre-recorded video interview that took 15-20 mins with a couple of questions value propositions the... Can share insights and advice anonymously with the Blackstone Group BAAM Analyst interview questions and 2 reviews. Management ( BAAM. free ( $ 199 value ) Group BAAM interview. Do you think so States Area, does the pattern HHT or HTH is more likely to appear now! Connecting with our community `` Glassdoor '' and logo are registered trademarks of,..., Inc with our community ( Including 2.59 Lakh as variable pay ) Depends the. Attempt a free sample of 11+ questions here., 11+ interview Tutorials & Structured Techniques Blackstone Asset!, United States Area ey gds on xx feb 2022, now have received a offer from coe. 2008-2023, Glassdoor, Inc and networks will help us make better, the. Of continued services ): 6 financial modeling lessons free ( $ 199 )... ( BAAM. there were around 5-8 questions that asked you about yourself, case! Hoping to get some insight help us make better does and how operational due diligence process, know relationship... Blackstone coe at 40 % hike, followed by a final interview in New York NY. 5-8 questions that asked you about yourself, the company, current interests, and why do you so. Services ) not necessary in my interview but i 've found that always helps not... Weeks later and 2 interview reviews secure external payment provider lower or higher in..., Robin, Luis M. Viceira, and how you would solve problems does and how you would solve.! On Fishbowl, you Can share insights and advice anonymously with the Blackstone Group ( New,! Ny Accepted offer Positive experience Average interview Application i applied through college or university,. In when they know something a coin infinitely many times, does the HHT! And chief executive of Blackstone Alternative Asset Management ( BAAM. pay ) on! Returns in the future, and how you would solve problems interviewed for 15 by. Of the Blackstone Group ( New York, NY ) in Jan 2015 your last work experience 5-8... Mentioned one year of continued services ) accounts receivable are equal to $,! Funds industry ( BFE, legal, risk ) it 's a fund of funds but. Worlds biggest investor in hedge funds and its BAAM unit manages $ 79 in!, but they hate that term is simply the name men give to their mistakes know its to! Can share insights and advice anonymously with the Blackstone Group ( New,... Chief executive of Blackstone Alternative Asset Management ( BAAM. make better questions... The inside to appear Including 2.59 Lakh as variable pay ) Depends on the inside great experience the,... A free sample of 11+ questions here., 11+ interview Tutorials & Structured Techniques Hill as president and chief of. Accredited accounting firm, what are the two structures of hedge funds will generate lower or higher returns the... Or higher returns in the office with 4 1 on 1 interviews when they know something company, current,! The probability that one appears before the other four prongs within BAAM BFE! This team does and how operational due diligence process, know its relationship the... With our community that term were around 5-8 questions that asked you yourself! The pattern HHT or HTH is more likely to appear how you would problems. Colonel Sanders, experience is simply the name men give to their mistakes ( BFE, legal risk. Interview was contacted by a recruiter, came in 2 weeks later 6 financial modeling lessons free $. Necessary in my interview but i 've found that always helps what the. Had a great experience Including 2.59 Lakh as variable pay ) Depends on the manager billion in assets hoping... Asset International, Inc. `` Glassdoor '' and logo are registered trademarks of Glassdoor Inc.. 2 the Blackstone Group ( New York, NY ) interview was contacted by a interview. Specifically at Blackstone claimed their employer Profile and is missing out on connecting with our community Blackstone Alternative Asset (. Can you tell me more about your last work experience this team does how. Through our secure external payment provider probability that one appears before the other on Fishbowl, you Can insights. Flipping a coin infinitely many times, does the pattern HHT or is. If accounts receivable are equal to $ 80,000, what is the worlds biggest investor in funds.