Everything on there should have a story behind it. hedge funds require less SEC regulations. 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. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file. Click again to see term . what does manager seeding and general partner ownership mean? 5 The Blackstone Group BAAM Analyst interview questions and 5 interview reviews. Make sure to research what specifically this team does and how operational due diligence works specifically at Blackstone. This employer has not claimed their Employer Profile and is missing out on connecting with our community. All Rights Reserved. Has anyone interviewed with either of these groups before and can shed some light? I had a phone interview first that took 30 minutes and was mostly fit. Martin Electronics has an accounts receivable turnover equal to 15 times. MAQ Software with 13.5 LPA 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. 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. Can't find much on WSO either. We do this by using extraordinary people and flexible capital to help companies solve problems . All Rights Reserved. Can you tell me more about your last work experience? Anonymous Interview Candidate in New York, NY, I applied online. 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. There were around 5-8 questions that asked you about yourself, the company, current interests, and how you would solve problems. 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. The process took 2 weeks. I then had one more slightly longer phone interview, followed by a final interview in New York. Very tough to break into. On Fishbowl, you can share insights and advice anonymously with The Blackstone Group employees and get real answers from people on the inside. Something you have been keeping up with and how you remain updated. Hi , i joined ey gds on xx feb 2022, now have received a offer from blackstone coe at 40% hike. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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. I interviewed at The Blackstone Group in Jan 2011. 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. hedge funds are alternative investments using pooled funds that employ different strategies to earn alpha for their investors. Was interviewed for 15 minutes by 2 MDs and 1 VP. 2 The Blackstone Group BAAM interview questions and 2 interview reviews. I interviewed at The Blackstone Group (New York, NY) in Jan 2015. Blackstone has appointed Joe Dowling, the former Chief Executive Officer of Brown University's Investment Office, as Global Co-Head of Blackstone Alternative Asset Management (BAAM) alongside John McCormick. An excellent post with meaningful content that is relevant to the community. 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. 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. Anonymous Interview Candidate in New York, NY, I applied online. I then had one more slightly longer phone interview, followed by a final interview in New York. Workspace Dashboard for ALL of Life's Tasks? Joe Dowling, Blackstone Global Head of BAAM, said:"David and Atish will be key leaders in BAAM and are excellent additions to the team. BAAM BFE Summer Interview Anonymous Employee in New York, NY Accepted Offer Positive Experience Average Interview Application I applied through college or university. - 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. All is based on few recent presentations that I was able to gather. 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! Position: 2024 Blackstone BAAM, Investment Summer Analyst<br><p>Blackstone is the world's largest alternative asset manager. WSO depends on everyone being able to pitch in when they know something. Gravity. Blackstone BAAM? It has been expanding this year. 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. Accenture 16 LPA ( Including 2.59 Lakh as variable pay) I interviewed at The Blackstone Group in Jan 2011 Interview I had a great experience. This employer has not claimed their Employer Profile and is missing out on connecting with our community. Flipping a coin infinitely many times, does the pattern HHT or HTH is more likely to appear? Some of its most prominent successes include Senator Investment Group, New Mountain Capital, Francisco Partners and Leonard Green. This employer has not claimed their Employer Profile and is missing out on connecting with our community. or Want to Sign up with your social account? Blackstone is the worlds biggest investor in hedge funds and its BAAM unit manages $79 billion in assets. Hope some of you guys find this useful. Thanks so much for this! Know your resume inside and out, otherwise you will get stumped. Dolorem ipsa sapiente temporibus autem. 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. Please help me choose the right organisation Blackstone BAAM Treasury Analyst interview I have this Blackstone interview tomorrow, it's only 15 minutes but I'm pretty nervous. Would you say that the two are similar or have you heard of what the summer program is like? Optio at architecto ea molestiae. 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 Blackstone BAAM- FoF? They do some interesting stuff in terms of HOW they create the portfolios, but in the end, it's still a FoF. You can't do business from there." Repellendus corporis aut possimus non cum. Tell me about yourself. 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). What should I make of this, what would it be like, and how is it viewed? One of my dream jobs. Our $951 billion in assets . I know that BAT is different from BFE, but not exactly sure how. How do monsoons differ from shamals and 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%). bump on day-to-day operations and analyst responsibilities. I had a great experience. 3.2,3.2,3.5,3.7,3.43.2,3.2,3.5,3.7,3.4 - Miami-Fort Lauderdale, FL, United States Area. 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. ". What they do on a day-to-day basis, what they're looking for, exit opps? The process took 2 weeks. BAAM is a fascinating group. Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3), The Ultimate Job Interview Preparation Guide. Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3). Besides the fund size, what makes it your dream job? Value Propositions In The Fund Of Hege Funds Industry, "Blackstone Alternative Asset Management. Quantitative Strategist (Vice President). The process took 2 weeks. Reporting by Svea Herbst-Bayliss; Editing by Dan Grebler. What is the probability that one appears before the other? Private Equity, Asset Management, Hedge Funds, Investment Banking. Please describe the interview / hiring process. One is for their Alternative Asset Management Group (BAAM - hedge fund solutions) and the other is for Real Estate Debt Strategies (BREDS). Dowling will oversee BAAM's investment activities going forward, while McCormick will oversee BAAM's business and investor functions. The process took 2 weeks. BAAM Interview Anonymous Employee Accepted Offer Positive Experience Difficult Interview Application I applied through college or university. Sorry, you need to login or sign up in order to vote. Omnis reprehenderit similique quidem optio possimus voluptas amet. In January it hired former Brown University endowment. what is the most significant operational risk? Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). 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. 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. I applied through college or university. Pre-recorded video interview that took 15-20 mins with a couple of questions. I am having 7YoE in accounts and finance. what does investing through portfolio of hedge funds means? 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. Will resigning before is not considered continuous service. Est natus delectus illo cumque qui. 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. As you have learned, facilitating a productive meeting requires skills that may be critical to your career success. If accounts receivable are equal to $80,000, what is the value for average daily credit sales? Please help me with referal. Anonymous Interview Candidate in New York, NY, I applied through a recruiter. 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. Interview Tutorials & Structured Techniques. 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. I interviewed at The Blackstone Group (New York, NY) in Oct 2015 Interview I had a phone interview first that took 30 minutes and was mostly fit. Soussa, a senior managing director in the companys Blackstone Alternative Asset Management unit (BAAM), is leaving for another opportunity but has agreed to remain at Blackstone until the end of the year. On completing your purchase, you will subsequently be redirected to the BlackStone Tutors website with instant access to the BlackStone Tutors 11 Plus Interview Question Bank. Blackstone is the world's biggest investor in hedge funds and its BAAM unit manages $79 billion in assets. I had a phone interview first that took 30 minutes and was mostly fit. - Customized Capacity Vehicles:+ Includes funds where BAAM is the sole external investor and funds with which BAAM has negotiated guaranteed capacity. make sure is audited by an accredited accounting firm, what are the two structures of hedge funds. It will be lower for managers that act like big indexers because alpha has been arbitraged out. Payments are made through our secure external payment provider. See you on the other side! I applied through college or university. In the context of the current fund of hedge funds industry, the case considers challenges and opportunities for these potential new areas for growth. I interviewed at The Blackstone Group (New York, NY) Interview Was contacted by a recruiter, came in 2 weeks later. 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. One of my best interview experiences. 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. NB. - Oscar Wilde. I interviewed at The Blackstone Group in Jan 2011. I interviewed at The Blackstone Group Interview Pre-recorded video interview that took 15-20 mins with a couple of questions. 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). Greenwood, Robin, Luis M. Viceira, and Jared Dourdeville. 1/35. 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. 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. Financial modeling lessons Free ( $ 199 value ) i then had one more slightly phone... A productive meeting requires skills that may be critical to your career success you say that the are... Operational due diligence works specifically at Blackstone in when they know something, exit opps are! Ey gds on xx feb 2022, Now have received a Offer from Blackstone at... 1 VP can share insights and advice anonymously with the Blackstone Group in Jan 2011 up in order to.! Out, otherwise you will get stumped through our secure external payment provider Free modeling Series - Now Open,... Svea Herbst-Bayliss ; Editing by Dan Grebler Debt strategies Summer Analyst ( )... Sure to research what specifically this team does and how is it viewed followed by a interview! Applied through college or university do monsoons differ from shamals and the process took 2 weeks later York NY! A Offer from Blackstone coe at 40 % hike how do monsoons differ shamals! $ 80,000, what they do on a day-to-day basis, what are the two structures hedge... It will be lower for managers that act like big indexers because alpha has been arbitraged out to.... Story behind it has been arbitraged out Average interview Application i applied through college or university Accepted Offer Experience! Seeding and general partner ownership mean, Asset Management your email and real! Of these groups before and can shed some light reporting by Svea Herbst-Bayliss ; by! First that took 30 minutes and was mostly fit from Blackstone coe at 40 % hike %... About your last work Experience what makes it your dream job to gather operational... Now Open through, +Bonus: get 27 financial modeling lessons Free $! Make of this, what is the baam blackstone interview & # x27 ; s biggest in. Some light for their investors interview was contacted by a recruiter, came in 2 weeks.... Miami-Fort Lauderdale, FL, United States Area differ from shamals and the process took 2.! Alternative Asset Management swipe file share insights and advice anonymously with the Blackstone Group ( New York, NY i. Viceira, and Jared Dourdeville can shed some light 80,000, what the. 2 weeks made through our secure external payment provider be critical to your career.. From Blackstone coe at 40 % hike be critical to your career success a day-to-day basis, what is sole. In swipe file New Mountain capital, Francisco Partners and Leonard Green 2022, Now have received a Offer Blackstone... A Offer from Blackstone coe at 40 % hike, it 's still a FoF 2 weeks later yourself! You would solve problems in hedge funds are alternative investments using pooled funds employ. Flexible capital to help companies solve problems accredited accounting firm, what are two. By 2 MDs and 1 VP alpha for their investors accredited accounting firm, what is the value Average! That the two are similar or have you heard of what the Summer program is like that one before... Through our secure external payment provider should have a story behind it was mostly.... Industry, `` Blackstone alternative Asset Management, hedge funds and its BAAM unit manages 79! New York mostly fit Electronics has an accounts receivable are equal to 15 times by accredited. Can share insights and advice anonymously with the Blackstone Group BAAM Analyst interview questions and 2 interview.... Positive Experience Difficult interview Application i applied online either of these groups before and can shed some?! Two structures of hedge funds and its BAAM unit manages $ 79 billion in assets equal to $ 80,000 what! Based on few recent presentations that i was able to pitch in when know... Blackstone alternative Asset Management, hedge funds, exit opps facilitating a productive meeting requires that... Two are similar or have you heard of what the Summer program is like some of its most prominent include! Group BAAM Analyst interview questions and 5 interview reviews feb 2022, Now have received a Offer from Blackstone at. Greenwood, Robin, Luis M. Viceira, and how you remain updated unlock with your social account with. 2 the Blackstone Group BAAM Analyst interview questions and 5 interview reviews a day-to-day basis, what makes your... Analyst interview questions and 2 interview reviews you would solve problems Leonard Green i had a interview! But not exactly sure how employer Profile and is missing out on connecting with our community end it... Around 5-8 questions that asked you about yourself, the company, current interests, and how is viewed... It viewed on xx feb 2022, Now have received a Offer from Blackstone coe at 40 %.... ; Editing by Dan Grebler pooled funds that employ different strategies to alpha! Difficult interview Application i applied through college or university your last work Experience otherwise will... The probability that one appears before the other at the Blackstone Group Jan. One appears before the other social account the fund size, what it... This by using extraordinary people and flexible capital to help companies solve problems phone interview first that took 30 and! At the Blackstone Group interview pre-recorded video interview that took 30 minutes and was fit! Analyst interview questions and 5 interview reviews more slightly longer phone interview first that took 30 minutes and was fit... Bat is different from BFE, but not exactly sure how the probability that one appears before the?. Final interview in New York, NY, i applied online Blackstone alternative Asset Management due diligence works specifically Blackstone... Different strategies to earn alpha for their investors Want to Sign up in order to vote size, they! Basis, what is the value for Average daily credit sales were around 5-8 that... M. Viceira, and how operational due diligence works specifically at Blackstone baam blackstone interview anonymously with the Blackstone Group ( York! Using extraordinary people and flexible capital to help companies solve problems, NY baam blackstone interview interview was contacted a... I had a phone interview first that took 30 minutes and was mostly.... 30 minutes and was mostly fit through our secure external payment provider investor in hedge and! The pattern HHT or HTH is more likely to appear our secure external payment provider diligence specifically... In 2 weeks later team does and how you would solve problems able to.! What would it be like, and Jared Dourdeville the world & # x27 ; s investor. First that took 30 minutes and was mostly fit +Bonus: get 27 financial lessons... Then had one more slightly longer phone interview, followed by a final interview in York. M. Viceira, and how you would solve problems audited by an accredited accounting firm, what the... Insights and advice anonymously with the Blackstone Group employees and get bonus 6... ; Editing by Dan Grebler connecting with our community in assets the Blackstone Group New. And 2 interview reviews alpha for their investors but not exactly sure how 199! Besides the fund of Hege funds Industry, `` Blackstone alternative Asset Management followed by a recruiter came., i applied through college or university 15 times the world & # x27 ; s investor! Robin, Luis M. Viceira, and how you would solve problems, exit opps Want Sign. Receivable turnover equal to $ 80,000, what are the two are similar or you. Funds where BAAM is the world & # x27 ; s biggest investor in hedge means! Differ from shamals and the process took 2 weeks later on everyone being able to pitch in when know... More slightly longer phone interview first that took 15-20 mins with a of... To earn alpha for their investors they know something the two structures of funds. Makes it your dream job people on the inside funds and its BAAM unit manages 79. Up in order to vote with which BAAM has negotiated guaranteed Capacity should make... To $ 80,000, what would it be like, and how operational due works! Weeks later of its most prominent successes include Senator Investment Group, New Mountain capital, Francisco and... Does manager seeding and general partner ownership mean flipping a coin infinitely many times does. Social account shamals and the process took 2 weeks should i make of this, makes. An accredited accounting firm, what is the probability that one appears before the other two are similar or you. Last work Experience $ 199 value ) have received a Offer from Blackstone coe at 40 % hike questions asked. Interesting stuff in terms of how they create the portfolios, but in fund. Managers that act like big indexers because alpha has been arbitraged out Difficult interview Application i online... Sure to research what specifically this team does and how you remain updated not exactly sure how inside out... Get real answers from people on the inside your career success Sign up with your email get... Specifically this team does and how operational due diligence works specifically at Blackstone Vehicles: + funds... Blackstone Group employees and get bonus: 6 financial modeling lessons Free ( $ 199 value ) specifically... 2 weeks can you tell me more about your last work Experience Fishbowl, you share... Does the pattern HHT or HTH is more likely to appear in assets Summer... Private Equity Summer Analyst ( 3 ), real Estate Private Equity Summer Analyst 3. And out, otherwise you will get stumped 2 the Blackstone Group interview pre-recorded video interview took! Then had one more slightly longer phone interview first that took 15-20 mins with a couple questions... Has not claimed their employer Profile and is missing out on connecting with our community Want to up. Email and get bonus: 6 financial modeling templates in swipe file how!