Mostly fit interview. The process took 2 weeks. Interview Tutorials & Structured Techniques. 150+ Past Interview Questions & Model Answers. Kept digging and asking more and more questions about what I did there. Analyst, BAAM IRBD Interview Anonymous Interview Candidate in New York, NY No Offer Negative Experience Easy Interview Application I applied through a recruiter. The process took 2 weeks. Olivia keeps interrupting other speakers and dominates the discussion. And what attracts you to the FoF space? I am having 7YoE in accounts and finance. Contribute to the database and get 1 month free* Full online access! I honestly have no clue why they even gave me an interview, I just applied for the sake of it. Blackstone Alternative Asset Management (BAAM) manages approximately $80 billion across a diversified set of businesses, including a customized portfolio solutions business, a special situations . 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. J. Tomilson Hill, CEO of BAAM and Vice . Job title almost similar . Some of the technicals were difficult, but the interviewers were very patient and mostly looked at your approach to the problem. John P. McCormick will succeed J. Tomilson Hill as president and chief executive of Blackstone Alternative Asset Management (BAAM.) New York, March 15, 2021 - Blackstone (NYSE:BX) today announced that Scott Bommer has joined the firm as the Chief Investment Officer of the new Blackstone Horizon platform, an initiative being launched by Blackstone Alternative Asset Management (BAAM). bump on day-to-day operations and analyst responsibilities. 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. Click card to see definition . You can't do business from there." 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! What is the probability that one appears before the other? - 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%). Hi Guys Actively Looking for job change . 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 have multiple offers currently in hand. Position: 2024 Blackstone BAAM, Investment Summer Analyst<br><p>Blackstone is the world's largest alternative asset manager. I interviewed at The Blackstone Group (New York, NY) Interview Was contacted by a recruiter, came in 2 weeks later. 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. 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. 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. Est natus delectus illo cumque qui. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). The process took 5 days. Anonymous Interview Candidate in New York, NY, I applied online. Know your resume inside and out, otherwise you will get stumped. - Colonel Sanders, Experience is simply the name men give to their mistakes. 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). Nice job! what is the most significant operational risk? 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. Kept digging and asking more and more questions about what I did there. 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, College / University / On Campus Recruiting. Was interviewed for 15 minutes by 2 MDs and 1 VP. The process took 2 weeks. Thanks so much for this! Very friendly people all gave great reasons as to why they have stayed at Blackstone. Everything on there should have a story behind it. 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. Et sed numquam sequi nemo. I interviewed at The Blackstone Group (New York, NY) in Jan 2015. Anyone know anything about the group other than what's posted on their website? What is the probability that one appears before the other? Attempt a free sample of 11+ Questions here., 11+ Interview Tutorials & Structured Techniques. Something you have been keeping up with and how you remain updated. ( as in joining bonus they have mentioned one year of continued services). or Want to Sign up with your social account? Sounds like this is for the sophomore summer program. Dolorem ipsa sapiente temporibus autem. I applied through college or university. This employer has not claimed their Employer Profile and is missing out on connecting with our community. 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. - Oscar Wilde. On Fishbowl, you can share insights and advice anonymously with The Blackstone Group employees and get real answers from people on the inside. 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. Martin Electronics has an accounts receivable turnover equal to 15 times. hedge funds are alternative investments using pooled funds that employ different strategies to earn alpha for their investors. Please help me with referal. See here for a complete list of exchanges and delays. Copyright 2023 Asset International, Inc. All Rights Reserved. One of my best interview experiences. I had interviewed in the past for a Real Estate IRBD role and this team was the complete opposite, very friendly and eager to interview me. You should also brush up on your technical knowledge of the position you're applying for. - 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. I interviewed at The Blackstone Group in Jan 2011. Some of the technicals were difficult, but the interviewers were very patient and mostly looked at your approach to the problem. Blackstone BAAM? 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. 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. Opens the Fishbowl by Glassdoor site in a new window, Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3). WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file. No Reproduction Without Prior Authorizations. All is based on few recent presentations that I was able to gather. Will resigning before is not considered continuous service. 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. 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. First question should i consider moving. (Originally Posted: 11/26/2014). 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. 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. Copyright 2022 BlackStone Tutors. Flipping a coin infinitely many times, does the pattern HHT or HTH is more likely to appear? The process took 2 weeks. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). We do this by using extraordinary people and flexible capital to help companies solve problems. 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. Blackstone Alternative Asset Management (BAAM), Blackstone's Hedge Fund Solutions platform, is the world's largest discretionary investor in hedge funds, with approximately $80 billion in assets under management. I then had one more slightly longer phone interview, followed by a final interview in New York. I have two first round phone interviews with Blackstone this week (SA positions) and am hoping to get some insight. Hi , i joined ey gds on xx feb 2022, now have received a offer from blackstone coe at 40% hike. Very tough to break into. how would you conduct due diligence on a hedge fund? There were around 5-8 questions that asked you about yourself, the company, current interests, and how you would solve problems. Tell me about yourself. See you on the other side! All Rights Reserved. The unit makes minority investments in a general partners underlying management company. I had a great experience. Can you tell me more about your last work experience? 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. make sure is audited by an accredited accounting firm, what are the two structures of hedge funds. Omnis reprehenderit similique quidem optio possimus voluptas amet. Molestiae perspiciatis ut et necessitatibus. You should also brush up on your technical knowledge of the position you're applying for. The process took 2 weeks. 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. Asked in depth questions on the resume. I then had one more slightly longer phone interview, followed by a final interview in New York. Please help me choose the right organisation or Want to Sign up with your social account? 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 Ea totam illum et maiores delectus. 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. 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. This was not necessary in my interview but I've found that always helps. Additionally, the case analyzes evolving business models and value propositions within the fund of hedge funds industry. Expert tips from current & past 11+ Interviewers. I felt like everyone was very open, energetic, and had only good things to say about working there. I applied through college or university. 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). 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. Don't forget to check the attachments. 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. 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. Blackstone is the world's biggest investor in hedge funds and its BAAM unit manages $79 billion in assets. Follow us: Linkedin, IG, Facebook, Twitter. What should I make of this, what would it be like, and how is it viewed? 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%) As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. 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? Want Access to these Blackstone Group Interview Insights? Exclusive Insight From 11+ Interviewers. Tags: Blackstone Alternative Asset Management, Hedge Fund, J. Tomilson Hill, John P. McCormick, Fidelity Eyes Chinese Mutual, Pension Fund Markets, 702 King Farm Boulevard, Suite 400, Rockville, MD 20850 / +1 212-944-4455 /. I interviewed at The Blackstone Group Interview Pre-recorded video interview that took 15-20 mins with a couple of questions. Know your resume inside and out, otherwise you will get stumped. I interviewed at The Blackstone Group in Jan 2011. I interviewed at The Blackstone Group (New York, NY) in Oct 2015. 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