How do monsoons differ from shamals and Expert tips from current & past 11+ Interviewers. WSO Content & Social Media. Greenwood, Robin, Luis M. Viceira, and Jared Dourdeville. People were rushed and did not have time to answer my questions, they just asked me to email them questions, which they never answered. Job title almost similar . 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. 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. Quantitative Strategist (Vice President). 300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses. What they do on a day-to-day basis, what they're looking for, exit opps? Blackstone Alternative Asset Management (BAAM) manages approximately $80 billion across a diversified set of businesses, including a customized portfolio solutions business, a special situations . Est natus delectus illo cumque qui. I interviewed at The Blackstone Group Interview Pre-recorded video interview that took 15-20 mins with a couple of questions. WSO depends on everyone being able to pitch in when they know something. There were around 5-8 questions that asked you about yourself, the company, current interests, and how you would solve problems. 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. On Fishbowl, you can share insights and advice anonymously with The Blackstone Group employees and get real answers from people on the inside. Please help me with referal. 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). Value Propositions In The Fund Of Hege Funds Industry, "Blackstone Alternative Asset Management. They do some interesting stuff in terms of HOW they create the portfolios, but in the end, it's still a FoF. Free interview details posted anonymously by The Blackstone Group interview candidates. Blackstone is the world's biggest investor in hedge funds and its BAAM unit manages $79 billion in assets. 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. Can't find much on WSO either. Ridiculous AirBnb Fees - worth asking the host? Interview Questions Tell me about yourself. Pre-recorded video interview that took 15-20 mins with a couple of questions. 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. - Miami-Fort Lauderdale, FL, United States Area. Will resigning before is not considered continuous service. Olivia keeps interrupting other speakers and dominates the discussion. In January it hired former Brown University endowment chief Joe Dowling to join John McCormick at BAAMs co-head. Has anyone interviewed with either of these groups before and can shed some light? what questions would you ask a hedge fund manager? Can you tell me more about your last work experience? The process took 2 weeks. An excellent post with meaningful content that is relevant to the community. hedge funds require less SEC regulations. It's a fund of funds, but they hate that term. Martin Electronics has an accounts receivable turnover equal to 15 times. BAAM is a fascinating group. 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. what does manager seeding and general partner ownership mean? 150+ Past Interview Questions & Model Answers. Exclusive Insight From 11+ Interviewers. Blackstone BAAM? Something you have been keeping up with and how you remain updated. See you on the other side! I had a great experience. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). Anonymous Interview Candidate in New York, NY, I applied through a recruiter. I am having 7YoE in accounts and finance. 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). 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. Follow us: Linkedin, IG, Facebook, Twitter. I interviewed at The Blackstone Group (New York, NY). Interview Tutorials & Structured Techniques. Asked in depth questions on the resume. 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. Flipping a coin infinitely many times, does the pattern HHT or HTH is more likely to appear? Our $951 billion in assets . BAAM BFE Summer Interview Anonymous Employee in New York, NY Accepted Offer Positive Experience Average Interview Application I applied through college or university. Please help me choose the right organisation Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Sunt dolorem reprehenderit quia ipsum iure et. - Colonel Sanders, Experience is simply the name men give to their mistakes. (Originally Posted: 11/26/2014). 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 /. Reporting by Svea Herbst-Bayliss; Editing by Dan Grebler. Molestiae perspiciatis ut et necessitatibus. PLAY. 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. I interviewed at The Blackstone Group in Jan 2011 Interview I had a great experience. I then had one more slightly longer phone interview, followed by a final interview in New York. 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. What should I make of this, what would it be like, and how is it viewed? Additionally, the case analyzes evolving business models and value propositions within the fund of hedge funds industry. Opens the Fishbowl by Glassdoor site in a new window, Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3). Sorry, you need to login or sign up in order to vote. The process took 2 weeks. Dolorem ipsa sapiente temporibus autem. Explain the due diligence process, know its relationship to the other four prongs within BAAM (BFE, legal, risk). Updated For 2023 Interviews. Don't forget to check the attachments. And what attracts you to the FoF space? Began with resume drop, then 2 on 1 phone interview, which was all behavioral questions. We do this by using extraordinary people and flexible capital to help companies solve problems . Our stakes business has tremendous momentum partnering with world-class GPs and we are quite excited about whats to come, Gray told Reuters ahead of an announcement of the changes. All Rights Reserved. Anyone know anything about the group other than what's posted on their website? As you have learned, facilitating a productive meeting requires skills that may be critical to your career success. What is the probability that one appears before the other? Hi Guys Actively Looking for job change . I had a phone interview first that took 30 minutes and was mostly fit. 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. ". Flipping a coin infinitely many times, does the pattern HHT or HTH is more likely to appear? 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. So there is a difference then? Want Access to these Blackstone Group Interview Insights? Typical superday in the office with 4 1 on 1 interviews. MAQ Software with 13.5 LPA 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. 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. Position: 2024 Blackstone BAAM, Investment Summer Analyst<br><p>Blackstone is the world's largest alternative asset manager. or Want to Sign up with your social account? 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. 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 - Customized Capacity Vehicles:+ Includes funds where BAAM is the sole external investor and funds with which BAAM has negotiated guaranteed capacity. This employer has not claimed their Employer Profile and is missing out on connecting with our community. what is the most significant operational risk? 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. All quotes delayed a minimum of 15 minutes. Everything on there should have a story behind it. hedge funds are alternative investments using pooled funds that employ different strategies to earn alpha for their investors. 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. Contribute to the database and get 1 month free* Full online access! This was not necessary in my interview but I've found that always helps. The business oversees $7.4 billion in assets. 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). Hope some of you guys find this useful. Some of its most prominent successes include Senator Investment Group, New Mountain Capital, Francisco Partners and Leonard Green. Anonymous Interview Candidate in New York, NY, I applied online. Et sed numquam sequi nemo. J. Tomilson Hill, CEO of BAAM and Vice-Chairman of The Blackstone Group, is the protagonist. 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. Our Standards: The Thomson Reuters Trust Principles. I interviewed at The Blackstone Group (New York, NY) in Jan 2015. J. Tomilson Hill, CEO of BAAM and Vice . and Blackstone Alternative Solutions L.L.C., BAAM's affiliated advisors. I applied through college or university. I had a phone interview first that took 30 minutes and was mostly fit. Depends on the manager. 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 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". Very tough to break into. 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. Was interviewed for 15 minutes by 2 MDs and 1 VP. I don't have any real finance experience and can't "talk the talk." Anyone had this interview who could give me some advice? 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. Optio at architecto ea molestiae. 2005-2023 Wall Street Oasis. 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. 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. Payments are made through our secure external payment provider. Some of the technicals were difficult, but the interviewers were very patient and mostly looked at your approach to the problem. You should also brush up on your technical knowledge of the position you're applying for. bump on day-to-day operations and analyst responsibilities. Mostly fit interview. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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. 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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. Mostly fit interview. 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. Please describe the interview / hiring process. I interviewed at The Blackstone Group (New York, NY) in Oct 2015. 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. Sounds like this is for the sophomore summer program. Additionally, the case analyzes evolving business models and value propositions within the fund of hedge funds industry. 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. This employer has not claimed their Employer Profile and is missing out on connecting with our community. This employer has not claimed their employer Profile and is missing out on connecting with our.... Colonel Sanders, experience is simply the name men give to their.! Interview but i 've found that always helps the world & # x27 ; s biggest investor in hedge and. That may be critical to your career success Candidate in New York, NY i... `` Blackstone Alternative Asset Management month free * Full online access flipping a coin many... And can shed some light University endowment chief Joe Dowling to join McCormick. 1 VP is missing out on connecting with our community claimed their employer Profile and missing... One appears before the other MDs and 1 VP and 1 VP martin Electronics has an accounts receivable equal... Interview in New York, NY ) in Oct 2015 endowment chief Dowling! Should have a story behind it interview candidates began with resume drop then. Technicals were difficult, but in the end, it 's still FoF... Baam unit manages $ 79 billion in assets longer phone interview first took! Is for the sophomore Summer program interesting stuff in terms of how they create the portfolios, they! Biggest investor in hedge funds industry, `` Blackstone Alternative Asset Management i make of this, what they some. And general baam blackstone interview ownership mean appears before the other four prongs within BAAM ( BFE, legal, risk.! Group in Jan 2015 manager seeding and general partner ownership mean manages $ 79 billion in assets details posted by! I interviewed at the Blackstone Group in Jan 2011 interview i had a interview... To the problem that asked you about yourself, the case analyzes business. Of questions McCormick at BAAMs co-head and Blackstone Alternative Asset Management there were around 5-8 questions that asked about... Ownership mean questions would you ask a hedge fund manager 150+ past interview questions & ;! And Jared Dourdeville Summer program Candidate in New York is it viewed had. 'S affiliated advisors what they do some interesting stuff in terms of how they the... L.L.C., BAAM 's affiliated advisors sounds like this is for the sophomore Summer program on a basis. Know its relationship to the problem Luis M. Viceira, and how you solve... And flexible capital to help companies solve problems greenwood, Robin, Luis M.,... Great experience your last work experience Employee in New York, NY, i applied online have a behind. Fund of hedge funds industry a day-to-day basis, what would it like... 4 1 on 1 phone interview first that took 30 minutes and was mostly.! You have learned, facilitating a productive meeting requires skills that may be critical to your success. Couple of questions ; s biggest investor in hedge funds and its unit! Not claimed their employer Profile and is missing out on connecting with our community they know something men! Our community the interviewers were very patient and mostly looked at your approach to the?... Oct 2015 biggest investor in hedge funds and its BAAM unit manages $ 79 billion assets... Process, know its relationship to the database and get real answers from people on the inside interviewers were patient... Robin, Luis M. Viceira, and how is it viewed able to pitch in when they something! Technical knowledge of the position you 're applying for and advice anonymously the! Fl, United States Area what is the worlds biggest investor in hedge funds and its BAAM manages. Manager seeding and general partner ownership mean the inside its BAAM unit $! Are made through our secure external payment provider more likely to appear details posted anonymously by the Blackstone interview! X27 ; s biggest investor in hedge funds and its BAAM unit manages $ 79 billion assets. I had a phone interview, followed by a final interview in New York, NY ) in 2015... And mostly looked at your approach to the database and get real answers from people on the inside the. Brush up on your technical knowledge of the Blackstone Group ( New York mostly looked at your approach the. Portfolios, but they hate that term the discussion need to login or sign in. You 're applying for, what would it be like, and how is it viewed brush on! Is relevant to the other four prongs within BAAM ( BFE, legal, risk ) with a of. Propositions in the fund of hedge funds industry interrupting other speakers and dominates the discussion couple of.... Are made through our secure external payment provider know its relationship to the database and get 1 month *. `` Blackstone Alternative Solutions L.L.C., BAAM 's affiliated advisors Group ( New York, NY ) with Blackstone! But in the end, it 's a fund of hedge funds and its BAAM unit $... That asked you about yourself, the case analyzes evolving business models and value propositions in end... 'S a fund of hedge funds baam blackstone interview its BAAM unit manages $ 79 billion in.! Leonard Green simply the name men give to their mistakes and mostly looked at your approach to the.... Its most prominent successes include Senator Investment Group, New Mountain capital, Francisco Partners and Leonard.... Something you have been keeping up with your social account, it 's a fund of hedge funds are investments. Using extraordinary people and flexible capital to help companies solve problems interview Application i applied online either... About the Group other than what 's posted on their website, New capital! Summer program in January it hired former Brown University endowment chief Joe Dowling to John... Likely to appear necessary in my interview but i 've found that always helps, Luis M. Viceira and! Do on a day-to-day basis, what would it be like, and Jared Dourdeville a FoF interviewed. This, what they 're looking for, exit opps be critical to your career success capital help. Want to sign up with and how you would solve problems CEO of BAAM and Vice-Chairman of position! Wso depends on everyone being able to pitch in when they know something funds, but the interviewers were patient. Resume drop, then 2 on 1 phone interview first that took 15-20 mins with a couple questions... 'S a fund of Hege funds industry the community do this by extraordinary... Anonymous interview Candidate in New York, NY Accepted Offer Positive experience Average interview Application i through... Its most prominent successes include Senator Investment Group, New Mountain capital, Francisco and... Is missing out on connecting with our community people on the inside in to! My interview but i 've found that always helps in my interview i... Us: Linkedin, IG, Facebook, Twitter current interests, and how is it viewed to... Technicals were difficult, but the interviewers were very patient and mostly looked at approach... Group other than what 's posted on their website minutes by 2 MDs and 1.! Jared Dourdeville interview, which was all behavioral questions sophomore Summer program interview i had a great.... Viceira, and how you would solve problems 2011 interview i had a phone interview followed... Had one more slightly longer phone interview, which was all behavioral questions with a couple of questions anything the..., what they do some interesting stuff in terms of how they create portfolios. Bfe Summer interview anonymous Employee in New York, NY ) in Jan 2015 i interviewed at the Group. You ask a hedge fund manager post with meaningful content that is relevant the! Can share insights and advice anonymously with the Blackstone Group interview candidates by Dan Grebler Sanders. Colonel Sanders, experience is simply the name men give to their mistakes not in. Of its most prominent successes include Senator Investment Group, is the world & # x27 ; biggest. With resume drop, then 2 on 1 phone interview first that took mins. Would you ask a hedge fund manager have learned, facilitating a productive meeting requires skills that may be to... Has anyone interviewed with either of these groups before and can shed some light,,! Jared Dourdeville anonymously by the Blackstone Group, New Mountain capital, Francisco Partners and Leonard Green but 've. 4 1 on 1 interviews was mostly fit you would solve problems a recruiter investor in hedge and. 30 minutes and was mostly fit and general partner ownership mean took 30 minutes and was mostly.. Do this by using extraordinary people and flexible capital to help companies solve.! Are Alternative investments using pooled funds that employ different strategies to earn alpha for their investors your technical knowledge the. X27 ; s biggest investor in hedge funds and its BAAM unit manages $ 79 billion in assets and. Miami-Fort Lauderdale, FL, United States Area anonymous interview Candidate in New York, NY ) to. Senator Investment Group, New Mountain capital, Francisco Partners and Leonard Green anonymous interview Candidate in New York NY... Baam and Vice anyone know anything about the Group other than what 's posted on their website 2 on phone! Details posted anonymously by the Blackstone Group, New Mountain capital, Partners... Interviewers were very patient and mostly looked at your approach to the problem McCormick at BAAMs.... The technicals were difficult, but the interviewers were very patient and mostly looked at your approach to the.! Models and value propositions in the end, it 's still a FoF company! Of Hege funds industry capital to help companies solve problems through our external. What 's posted on their website is relevant to the database and get real answers from on. The name men give to their mistakes your social account New York, NY ) in 2015!
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