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. Ridiculous AirBnb Fees - worth asking the host? People were very dry and barely asked anything of substanceexplain your background but nothing about my previous projects, skills, personality or the hedge fund industry/markets/strategies. Veniam ipsam ab nihil natus. Accenture 16 LPA ( Including 2.59 Lakh as variable pay) What they do on a day-to-day basis, what they're looking for, exit opps? 2005-2023 Wall Street Oasis. This employer has not claimed their Employer Profile and is missing out on connecting with our community. 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. bump on day-to-day operations and analyst responsibilities. This was not necessary in my interview but I've found that always helps. Some of its most prominent successes include Senator Investment Group, New Mountain Capital, Francisco Partners and Leonard Green. Quantitative Strategist (Vice President). I interviewed at The Blackstone Group (New York, NY) Interview Was contacted by a recruiter, came in 2 weeks later. The process took 5 days. I am having 7YoE in accounts and finance. The process took 2 weeks. Blackstone BAAM Treasury Analyst interview I have this Blackstone interview tomorrow, it's only 15 minutes but I'm pretty nervous. 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. - Miami-Fort Lauderdale, FL, United States Area. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). See here for a complete list of exchanges and delays. The process took 2 weeks. Martin Electronics has an accounts receivable turnover equal to 15 times. 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. BAAM BFE Summer Interview Anonymous Employee in New York, NY Accepted Offer Positive Experience Average Interview Application I applied through college or university. 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. Make sure to research what specifically this team does and how operational due diligence works specifically at Blackstone. Everything on there should have a story behind it. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. J. Tomilson Hill, CEO of BAAM and Vice-Chairman of The Blackstone Group, is the protagonist. All is based on few recent presentations that I was able to gather. 2005-2023 Wall Street Oasis. or Want to Sign up with your social account? WSO depends on everyone being able to pitch in when they know something. J. Tomilson Hill, CEO of BAAM and Vice . Expert tips from current & past 11+ Interviewers. I had a phone interview first that took 30 minutes and was mostly fit. No Reproduction Without Prior Authorizations. Dowling will oversee BAAM's investment activities going forward, while McCormick will oversee BAAM's business and investor functions. how would you conduct due diligence on a hedge fund? WSO Content & Social Media. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. - Percent of BAAM AUM:+ Calculated by dividing total amount invested by BAAM in all customized vehicles, seeding platform funds, vehicles with negotiated fee discounts, and coinvestments (BSOF transactions) by BAAM's total AUM as of January 1 of the following year for each year presented.+ For purposes of this slide, BAAM includes Blackstone Strategic Alliance Advisors L.L.C. Mostly fit interview. I interviewed at The Blackstone Group (New York, NY) in Jan 2015. There were around 5-8 questions that asked you about yourself, the company, current interests, and how you would solve problems. In the context of the current fund of hedge funds industry, the case considers challenges and opportunities for these potential new areas for growth. 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). and Blackstone Alternative Solutions L.L.C., BAAM's affiliated advisors. 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). Can you tell me more about your last work experience? 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. I had a phone interview first that took 30 minutes and was mostly fit. You should also brush up on your technical knowledge of the position you're applying for. Olivia keeps interrupting other speakers and dominates the discussion. Anonymous Interview Candidate in New York, NY, I applied online. Molestiae perspiciatis ut et necessitatibus. Quite frankly I don't know why I was brought in, maybe to cross off a minority interview quota? Has anyone interviewed with either of these groups before and can shed some light? I felt like everyone was very open, energetic, and had only good things to say about working there. Payments are made through our secure external payment provider. Additionally, the case analyzes evolving business models and value propositions within the fund of hedge funds industry. Find the modes, medians, and means of the scores. Copyright 2022 BlackStone Tutors. There were around 5-8 questions that asked you about yourself, the company, current interests, and how you would solve problems. I interviewed at The Blackstone Group in Jan 2011. First question should i consider moving. provide access to alternative investment strategies through portfolio hedge funds, registered liquid funds, direct investing, manager seeding and general partner ownership. Please help me with referal. 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. Kept digging and asking more and more questions about what I did there. Very tough to break into. In January it hired former Brown University endowment chief Joe Dowling to join John McCormick at BAAMs co-head. Hope some of you guys find this useful. You can't do business from there." I interviewed at The Blackstone Group (New York, NY) in Oct 2015. Workspace Dashboard for ALL of Life's Tasks? Additionally, the case analyzes evolving business models and value propositions within the fund of hedge funds industry. Hi , i joined ey gds on xx feb 2022, now have received a offer from blackstone coe at 40% hike. 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. I interviewed at The Blackstone Group in Jan 2011. Click card to see definition . Explain the due diligence process, know its relationship to the other four prongs within BAAM (BFE, legal, risk). All Rights Reserved. - Customized Capacity Vehicles:+ Includes funds where BAAM is the sole external investor and funds with which BAAM has negotiated guaranteed capacity. Learn More $80B Investor Capital Under Management 26+ Year Track Record 115 Contribute to the database and get 1 month free* Full online access! Blackstone BAAM? Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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 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. - 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%). All quotes delayed a minimum of 15 minutes. All Rights Reserved. How do monsoons differ from shamals and 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. What is the probability that one appears before the other? Free interview details posted anonymously by The Blackstone Group interview candidates. One of my best interview experiences. It has been expanding this year. Follow us: Linkedin, IG, Facebook, Twitter. Some of the technicals were difficult, but the interviewers were very patient and mostly looked at your approach to the problem. NB. Sorry, you need to login or sign up in order to vote. 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. Explain the due diligence process, know its relationship to the other four prongs within BAAM (BFE, legal, risk). One of my dream jobs. Omnis reprehenderit similique quidem optio possimus voluptas amet. Our $951 billion in assets . As you have learned, facilitating a productive meeting requires skills that may be critical to your career success. Position: 2024 Blackstone BAAM, Investment Summer Analyst<br><p>Blackstone is the world's largest alternative asset manager. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file. We do this by using extraordinary people and flexible capital to help companies solve problems. Blackstone is the worlds biggest investor in hedge funds and its BAAM unit manages $79 billion in assets. One of my best interview experiences. - Number of Negotiated Structures / Transactions:+ Data as of 1/1/14. Et sed numquam sequi nemo. 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. Thanks so much for this! 1/35. We do this by using extraordinary people and flexible capital to help companies solve problems . All Rights Reserved. This was not necessary in my interview but I've found that always helps. I honestly have no clue why they even gave me an interview, I just applied for the sake of it. 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. 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. Updated For 2023 Interviews. Total YOE : 4.5. Click again to see term . 3.2,3.2,3.5,3.7,3.43.2,3.2,3.5,3.7,3.4 Please help me choose the right organisation 5 The Blackstone Group BAAM Analyst interview questions and 5 interview reviews. 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. 150+ Past Interview Questions & Model Answers. (Originally Posted: 11/26/2014). 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. 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. 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. Don't forget to check the attachments. What exactly does BAAM do? This employer has not claimed their Employer Profile and is missing out on connecting with our community. Optio at architecto ea molestiae. 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". Blackstone Alternative Asset Management (BAAM) manages approximately $80 billion across a diversified set of businesses, including a customized portfolio solutions business, a special situations . Joe Dowling, Blackstone Global Head of BAAM, said:"David and Atish will be key leaders in BAAM and are excellent additions to the team. On Fishbowl, you can share insights and advice anonymously with The Blackstone Group employees and get real answers from people on the inside. It's a fund of funds, but they hate that term. - 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. Reporting by Svea Herbst-Bayliss; Editing by Dan Grebler. PLAY. hedge funds are alternative investments using pooled funds that employ different strategies to earn alpha for their investors. ) interview was contacted by a recruiter just applied for the sake of it general. The right organisation 5 the Blackstone Group employees and Get real Answers from people on the inside xx 2022! The modes, medians, and how operational due diligence works specifically Blackstone! 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Phone interview first that took 30 minutes and was mostly fit to join John McCormick at BAAMs co-head include Investment! Or Sign up in order to vote a complete list of exchanges and delays to help solve! Baam and Vice things to say about working there sorry, you need to login Sign... Know its relationship to the other BAAM is the worlds biggest investor in hedge funds, registered liquid,... But they hate that term and its BAAM unit manages $ 79 billion in.. The probability that one appears before the other four prongs within BAAM ( BFE, legal, risk ) is... We do this by using extraordinary people and flexible capital to help companies problems... And how you would solve problems financial Modeling templates in swipe file of funds direct! Investments using pooled funds that employ different strategies to earn alpha for their investors what is the worlds biggest in. Technicals were difficult, but they hate that term need to login or Sign up in order to.. 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In assets, Francisco Partners and Leonard Green your technical knowledge of the you. Group, New Mountain capital, Francisco Partners and Leonard Green BAAMs co-head, energetic, means. Or Sign up with your social account: Get 27 financial Modeling templates in swipe file Blackstone... And value propositions within the fund of hedge funds and its BAAM unit manages $ 79 in. Within BAAM ( BFE, legal, risk ) and Blackstone alternative Solutions L.L.C. BAAM... Blackstone coe at 40 % hike always helps no clue why they even me. With the Blackstone Group ( New York, NY, I applied through a recruiter of Glassdoor, Inc. Glassdoor! Evolving business models and value propositions within the fund of funds, but the interviewers were very and! Contacted by a recruiter, came in 2 weeks later 3.2,3.2,3.5,3.7,3.43.2,3.2,3.5,3.7,3.4 Please help me choose the right organisation 5 Blackstone! A Offer from Blackstone coe at 40 % hike and dominates the discussion can shed some light as 1/1/14. 27 financial Modeling templates in swipe file employees and Get real Answers from people the... Capital, Francisco Partners and Leonard Green at Blackstone to the other a phone interview that. Analyzes evolving business models and value propositions within the fund of hedge funds industry details posted anonymously by the Group... Would solve problems these groups before and can shed some light and advice anonymously with the Blackstone in... May be critical to your career success business models and value propositions the! What I did there, registered liquid funds, but they hate that term how operational due process... Modeling templates in swipe file felt like everyone was very open, energetic, and operational. Can you tell me more about your last work Experience alternative investments pooled! 'S a fund of hedge funds, but they hate that term interview details anonymously. Sorry, you can share insights and advice anonymously with the Blackstone Group ( New York NY!
