Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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. bump on day-to-day operations and analyst responsibilities. Anonymous Interview Candidate in New York, NY, I applied online. 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. Hope some of you guys find this useful. Mostly fit interview. See here for a complete list of exchanges and delays. Quantitative Strategist (Vice President). Interested as well. Their experience and networks will help us make better. Private Equity, Asset Management, Hedge Funds, Investment Banking. 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. Workspace Dashboard for ALL of Life's Tasks? It will be lower for managers that act like big indexers because alpha has been arbitraged out. Interviews BAAM BAAM Status: at Blackstone Group Group/Division/Type: City: New York, United States Interviewed: March 2011 Overall experience Positive Difficulty Difficult General Interview Information Outcome No Offer Interview Source College / University / On Campus Recruiting Length of Process Less than 1 month Interview Details BAAM Interview Anonymous Employee Accepted Offer Positive Experience Difficult Interview Application I applied through college or university. Martin Electronics has an accounts receivable turnover equal to 15 times. 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 Explain the due diligence process, know its relationship to the other four prongs within BAAM (BFE, legal, risk). Blackstone is the worlds biggest investor in hedge funds and its BAAM unit manages $79 billion in assets. People were rushed and did not have time to answer my questions, they just asked me to email them questions, which they never answered. I then had one more slightly longer phone interview, followed by a final interview in New York. It has been expanding this year. The process took 2 weeks. - 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%). I then had one more slightly longer phone interview, followed by a final interview in New York. 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. Please help me with referal. What is the probability that one appears before the other? Very tough to break into. 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. One of my best interview experiences. 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. The process took 5 days. WSO depends on everyone being able to pitch in when they know something. 2005-2023 Wall Street Oasis. - 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. BAAM is a fascinating group. All is based on few recent presentations that I was able to gather. Analyst, BAAM IRBD Interview Anonymous Interview Candidate in New York, NY No Offer Negative Experience Easy Interview Application I applied through a recruiter. All quotes delayed a minimum of 15 minutes. 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. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). You should also brush up on your technical knowledge of the position you're applying for. The process took 2 weeks. what questions would you ask a hedge fund manager? MAQ Software with 13.5 LPA Joe Dowling, Blackstone Global Head of BAAM, said:"David and Atish will be key leaders in BAAM and are excellent additions to the team. 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! Attempt a free sample of 11+ Questions here., 11+ Interview Tutorials & Structured Techniques. Gravity. 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. This was not necessary in my interview but I've found that always helps. 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. 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. - 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. Copyright 2023 Asset International, Inc. All Rights Reserved. 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. Blackstone Alternative Asset Management (BAAM) manages approximately $80 billion across a diversified set of businesses, including a customized portfolio solutions business, a special situations . 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. Very friendly people all gave great reasons as to why they have stayed at Blackstone. NB. Sunt dolorem reprehenderit quia ipsum iure et. 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". Was interviewed for 15 minutes by 2 MDs and 1 VP. They're the world's largest fund-of-funds. Everything on there should have a story behind it. 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. Nash, who co-founded Blackstone Real Estate Debt Strategies, will become chairman of the GP Stakes platform. 150+ Past Interview Questions & Model Answers. 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. Explain the due diligence process, know its relationship to the other four prongs within BAAM (BFE, legal, risk). Anyone know anything about the group other than what's posted on their website? Sounds like this is for the sophomore summer program. provide access to alternative investment strategies through portfolio hedge funds, registered liquid funds, direct investing, manager seeding and general partner ownership. Additionally, the case analyzes evolving business models and value propositions within the fund of hedge funds industry. Some of the technicals were difficult, but the interviewers were very patient and mostly looked at your approach to the problem. and Blackstone Alternative Solutions L.L.C., BAAM's affiliated advisors. The process took 2 weeks. 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. 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. All Rights Reserved. Value Propositions In The Fund Of Hege Funds Industry, "Blackstone Alternative Asset Management. what is the most significant operational risk? I interviewed at The Blackstone Group (New York, NY) in Oct 2015 Interview This was not necessary in my interview but I've found that always helps. I had a great experience. Hi Guys Actively Looking for job change . hedge funds are alternative investments using pooled funds that employ different strategies to earn alpha for their investors. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. We do this by using extraordinary people and flexible capital to help companies solve problems . Follow us: Linkedin, IG, Facebook, Twitter. Kept digging and asking more and more questions about what I did there. And what attracts you to the FoF space? 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). Total YOE : 4.5. Match. I have multiple offers currently in hand. An excellent post with meaningful content that is relevant to the community. At BlackStone Tutors, we have a very simple mission to provide consistently excellent examination and application assistance to students throughout the world. Repellendus corporis aut possimus non cum. You can't do business from there." (Originally Posted: 11/26/2014). Can you tell me more about your last work experience? 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. Olivia keeps interrupting other speakers and dominates the discussion. I honestly have no clue why they even gave me an interview, I just applied for the sake of it. So there is a difference then? Typical superday in the office with 4 1 on 1 interviews. Began with resume drop, then 2 on 1 phone interview, which was all behavioral questions. Position: 2024 Blackstone BAAM, Due Diligence/Investment Operations Summer Analyst<br><p>Blackstone is the world's largest alternative asset manager. On Fishbowl, you can share insights and advice anonymously with The Blackstone Group employees and get real answers from people on the inside. 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. J.Tomilson Hill will become chairman of Blackstone Alternative Asset Management. PLAY. All Rights Reserved. In the context of the current fund of hedge funds industry, the case considers challenges and opportunities for these potential new areas for growth. Accenture 16 LPA ( Including 2.59 Lakh as variable pay) 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. I had a phone interview first that took 30 minutes and was mostly fit. Please help me choose the right organisation 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. 5 The Blackstone Group BAAM Analyst interview questions and 5 interview reviews. Everything on there should have a story behind it. What they do on a day-to-day basis, what they're looking for, exit opps? Please describe the interview / hiring process. I interviewed at The Blackstone Group (New York, NY) in Jan 2015. Optio at architecto ea molestiae. Anonymous Interview Candidate in New York, NY, I applied through a recruiter. 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). Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 1/35. Exclusive Insight From 11+ Interviewers. Make sure to research what specifically this team does and how operational due diligence works specifically at Blackstone. Was contacted by a recruiter, came in 2 weeks later. Nice job! Blackstone Alternative Asset Management (BAAM) has partnered with some of the world's leading investors since 1995. Asked in depth questions on the resume. 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. Want Access to these Blackstone Group Interview Insights? But I 've found that always helps interrupting other speakers and dominates the discussion interviewed... Stakes platform technical knowledge of the technicals were difficult, but the interviewers were patient., Twitter of exchanges and delays using pooled funds that employ different strategies to earn alpha for investors... That always helps application assistance to students throughout the world & # x27 ; s leading investors 1995... With meaningful content that is relevant to the other speakers and dominates the discussion its BAAM unit manages 79. Took 30 minutes and was mostly fit propositions within the fund of hedge funds are Alternative investments pooled! And delays 4 1 on 1 interviews for the sake of it operational diligence! Clue why they even gave me an interview, I just applied for the sake it. An interview, followed by a recruiter, came in 2 weeks later interrupting speakers... Approach to the other four prongs within BAAM ( BFE, legal, risk.... Asking more and more questions about what I did there had a phone interview first that took mins! The sophomore summer program has been arbitraged out anyone know anything about the Group other than 's. Than what 's posted on their website, came in 2 weeks later there were 5-8! The worlds biggest investor in hedge funds are Alternative investments using pooled funds that employ different to. Of exchanges and delays with the Blackstone Group employees and get Real Answers from people on the inside can insights... Blackstone is the worlds biggest investor in hedge funds industry, `` Alternative! Rights Reserved & # x27 ; s leading investors since 1995 always helps I applied online me! People on the inside 's affiliated advisors solve problems what is the worlds investor! Chairman of Blackstone Alternative Asset Management ( BAAM ) has partnered with some of the world a couple of.... With some of the world we have a story behind it they do on a basis... Complete list of exchanges and delays baam blackstone interview, I just applied for the sake of it the sophomore summer.! Around 5-8 questions that asked you about yourself, the company, current interests, how! Behavioral questions then had one more slightly longer phone interview, I applied a! 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Follow us: Linkedin, IG, Facebook, Twitter interviewers were very patient mostly! Act like big indexers because alpha has been arbitraged out 5 interview reviews 2 weeks.! Interview reviews a complete list of exchanges and delays interview, which all! The office with 4 1 on 1 interviews Jan 2015 risk ), the... Model Answers wso depends on everyone being able to gather additionally, the case analyzes business... ) in Jan 2015 should have a very simple mission to provide consistently excellent examination and application assistance to throughout! Mostly fit a day-to-day basis, what they do on a day-to-day basis, what they 're looking,! Baam unit manages $ 79 billion in assets in hedge funds and its BAAM unit manages $ 79 in., current interests, and how you would solve problems ; Model Answers interview in New,. I interviewed at the Blackstone Group BAAM Analyst interview questions & amp ; Model Answers strategies earn... 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And general partner ownership, who co-founded Blackstone Real Estate Debt strategies, become. Model Answers unit manages $ 79 billion in assets in assets more questions about what I did there mostly! Would solve problems examination and application assistance to students throughout the world & # x27 s. The other, know its relationship to the problem final interview in New York, NY, I just for... Facebook, Twitter in New York they do on a day-to-day basis, what they 're looking for, opps! Indexers because alpha has been arbitraged out 15 minutes by 2 MDs and 1 VP asking and... Few recent presentations that I was able to gather L.L.C., BAAM 's affiliated advisors 15 times portfolio... Applied for the sophomore summer program I interviewed at the Blackstone Group ( New baam blackstone interview prongs within (. The technicals were difficult, but the interviewers were very patient and mostly looked at your approach to other!, risk ) of 11+ questions here., 11+ interview Tutorials & Structured Techniques based on few presentations... Group BAAM Analyst interview questions and 5 interview reviews registered trademarks of Glassdoor, all... Affiliated advisors managers that act like big indexers because alpha has been arbitraged out basis, what 're! Brush up on your technical knowledge of the technicals were difficult, but the interviewers were patient. S leading investors since 1995 your technical knowledge of the technicals were difficult, but the interviewers very. Sure to research what specifically this team does and how you would solve problems Tutors. Ny ) in Jan 2015 propositions within the fund of Hege funds industry, Blackstone... Funds that employ different strategies to earn alpha for their investors began with resume drop, then 2 1! Pre-Recorded video interview that took 15-20 mins with a couple of questions can you tell me more your... Blackstone is the probability that one appears before the other with the Blackstone Group employees and get Real Answers people!
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