Et sed numquam sequi nemo. I interviewed at The Blackstone Group (New York, NY) in Jan 2015. Everything on there should have a story behind it. I interviewed at The Blackstone Group (New York, NY) Interview Was contacted by a recruiter, came in 2 weeks later. There were around 5-8 questions that asked you about yourself, the company, current interests, and how you would solve problems. You can't do business from there." 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. - Miami-Fort Lauderdale, FL, United States Area. All Rights Reserved. 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. Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3), The Ultimate Job Interview Preparation Guide. and Blackstone Alternative Solutions L.L.C., BAAM's affiliated advisors. Very friendly people all gave great reasons as to why they have stayed at Blackstone. J. Tomilson Hill, CEO of BAAM and Vice . Was interviewed for 15 minutes by 2 MDs and 1 VP. Know your resume inside and out, otherwise you will get stumped. 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. Find the modes, medians, and means of the scores. 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. In January it hired former Brown University endowment chief Joe Dowling to join John McCormick at BAAMs co-head. Asked in depth questions on the resume. This was not necessary in my interview but I've found that always helps. Blackstone COE (on wipro's payroll) - 18 LPA (including 1.5 lakh as variable pay) Blackstone is the world's biggest investor in hedge funds and its BAAM unit manages $79 billion in assets. 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! I felt like everyone was very open, energetic, and had only good things to say about working there. Can't find much on WSO either. They're the world's largest fund-of-funds. Free interview details posted anonymously by The Blackstone Group interview candidates. It will be lower for managers that act like big indexers because alpha has been arbitraged out. It has been expanding this year. I had a great experience. 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. Our Standards: The Thomson Reuters Trust Principles. Do you think hedge funds will generate lower or higher returns in the future, and why do you think so? Something you have been keeping up with and how you remain updated. WSO Content & Social Media. Hope some of you guys find this useful. Ea totam illum et maiores delectus. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. BAAM has produced attractive risk-adjusted performance - Since the institutionalization of BAAM's business in 2000, on an annualized basis the BAAM Principal Solutions Composite is up 6.77%, outperforming: + HFRI FOF Composite Index (+3.77%) + HFRX Global HF Index (+3.56%) + MSCI ACW TR Index (+3.19%) + S&P 500 TR Index (+3.60%) The process took 2 weeks. how would you conduct due diligence on a hedge fund? 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. Please help me with referal. Would you say that the two are similar or have you heard of what the summer program is like? Job title almost similar . Depends on the manager. - 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%). They do some interesting stuff in terms of HOW they create the portfolios, but in the end, it's still a FoF. The process took 2 weeks. Sounds like this is for the sophomore summer program. - Miami-Fort Lauderdale, FL, United States Area. Private Equity, Asset Management, Hedge Funds, Investment Banking. BAAM BFE Summer Interview Anonymous Employee in New York, NY Accepted Offer Positive Experience Average Interview Application I applied through college or university. Tell me about yourself. Kept digging and asking more and more questions about what I did there. Omnis reprehenderit similique quidem optio possimus voluptas amet. The process took 2 weeks. This was not necessary in my interview but I've found that always helps. Exclusive Insight From 11+ Interviewers. 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. what is the most significant operational risk? WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file. One of my best interview experiences. I interviewed at The Blackstone Group in Jan 2011 Interview I had a great experience. J. Tomilson Hill, CEO of BAAM and Vice-Chairman of The Blackstone Group, is the protagonist. - Customized Capacity Vehicles:+ Includes funds where BAAM is the sole external investor and funds with which BAAM has negotiated guaranteed capacity. Anonymous Interview Candidate in New York, NY, I applied online. Blackstone Alternative Asset Management (BAAM) has partnered with some of the world's leading investors since 1995. 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. 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. Please describe the interview / hiring process. Repellendus corporis aut possimus non cum. 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). BAAM is a fascinating group. 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. The process took 2 weeks. I felt like everyone was very open, energetic, and had only good things to say about working there. Interview Tutorials & Structured Techniques. 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. Sunt dolorem reprehenderit quia ipsum iure et. Position: 2024 Blackstone BAAM, Due Diligence/Investment Operations Summer Analyst<br><p>Blackstone is the world's largest alternative asset manager. What is the probability that one appears before the other? or Want to Sign up with your social account? Greenwood, Robin, Luis M. Viceira, and Jared Dourdeville. Glassdoor has millions of jobs plus salary information, company reviews, and interview questions from people on the inside making it easy to find a job thats right for you. Be the first to find this interview helpful, What are some red flags when performing operational due diligence, Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3), The Ultimate Job Interview Preparation Guide. 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. I am having 7YoE in accounts and finance. 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. 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. In the context of the current fund of hedge funds industry, the case considers challenges and opportunities for these potential new areas for growth. 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. 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. 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? What exactly does BAAM do? Has anyone interviewed with either of these groups before and can shed some light? 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). I had a phone interview first that took 30 minutes and was mostly fit. Explain the due diligence process, know its relationship to the other four prongs within BAAM (BFE, legal, risk). Besides the fund size, what makes it your dream job? I interviewed at The Blackstone Group (New York, NY) in Jan 2015. Blackstone Alternative Asset Management (BAAM) manages approximately $80 billion across a diversified set of businesses, including a customized portfolio solutions business, a special situations . See here for a complete list of exchanges and delays. Click again to see term . Hi Guys Actively Looking for job change . You should also brush up on your technical knowledge of the position you're applying for. Position: 2024 Blackstone BAAM, Investment Summer Analyst<br><p>Blackstone is the world's largest alternative asset manager. Some of the technicals were difficult, but the interviewers were very patient and mostly looked at your approach to the problem. On Fishbowl, you can share insights and advice anonymously with The Blackstone Group employees and get real answers from people on the inside. I have two first round phone interviews with Blackstone this week (SA positions) and am hoping to get some insight. Mostly fit interview. Want Access to these Blackstone Group Interview Insights? The unit makes minority investments in a general partners underlying management company. 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. - 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. I applied through college or university. I had a great experience. - Colonel Sanders, Experience is simply the name men give to their mistakes. I had a phone interview first that took 30 minutes and was mostly fit. or Want to Sign up with your social account? Learn More $80B Investor Capital Under Management 26+ Year Track Record 115 simooms? Match. This employer has not claimed their Employer Profile and is missing out on connecting with our community. - Oscar Wilde. Some of its most prominent successes include Senator Investment Group, New Mountain Capital, Francisco Partners and Leonard Green. Value Propositions In The Fund Of Hege Funds Industry, "Blackstone Alternative Asset Management. Interview Questions Tell me about yourself. 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. 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. NB. Mostly fit interview. Nice job! 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. Flipping a coin infinitely many times, does the pattern HHT or HTH is more likely to appear? Payments are made through our secure external payment provider. Copyright 2023 Asset International, Inc. All Rights Reserved. Anonymous Interview Candidate in New York, NY, I applied through a recruiter. Please help me choose the right organisation
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