Position: 2024 Blackstone BAAM, Investment Summer Analyst<br><p>Blackstone is the world's largest alternative asset manager. J. Tomilson Hill, CEO of BAAM and Vice . Et sed numquam sequi nemo. or Want to Sign up with your social account? All Rights Reserved. 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. Est natus delectus illo cumque qui. 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. - Oscar Wilde. Molestiae perspiciatis ut et necessitatibus. PLAY. Interview Questions Tell me about yourself. 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. 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. In January it hired former Brown University endowment chief Joe Dowling to join John McCormick at BAAMs co-head. Olivia keeps interrupting other speakers and dominates the discussion. Can you tell me more about your last work experience? All quotes delayed a minimum of 15 minutes. what is the most significant operational risk? 3.2,3.2,3.5,3.7,3.43.2,3.2,3.5,3.7,3.4 ( as in joining bonus they have mentioned one year of continued services). Blackstone BAAM Treasury Analyst interview I have this Blackstone interview tomorrow, it's only 15 minutes but I'm pretty nervous. This was not necessary in my interview but I've found that always helps. Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3). I applied through college or university. 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. Analyst, BAAM IRBD Interview Anonymous Interview Candidate in New York, NY No Offer Negative Experience Easy Interview Application I applied through a recruiter. I had a great experience. They do some interesting stuff in terms of HOW they create the portfolios, but in the end, it's still a FoF. Please describe the interview / hiring process. Nash, who co-founded Blackstone Real Estate Debt Strategies, will become chairman of the GP Stakes platform. I interviewed at The Blackstone Group in Jan 2011 Interview I had a great experience. I interviewed at The Blackstone Group in Jan 2011. 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. what questions would you ask a hedge fund manager? 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. Was contacted by a recruiter, came in 2 weeks later. 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. Please help me with referal. Private Equity, Asset Management, Hedge Funds, Investment Banking. Blackstone BAAM? Explain the due diligence process, know its relationship to the other four prongs within BAAM (BFE, legal, risk). 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 /. 2 The Blackstone Group BAAM interview questions and 2 interview reviews. 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). Know your resume inside and out, otherwise you will get stumped. Reporting by Svea Herbst-Bayliss; Editing by Dan Grebler. Flipping a coin infinitely many times, does the pattern HHT or HTH is more likely to appear? Our $951 billion in assets . In January it hired former Brown University endowment. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). I interviewed at The Blackstone Group in Jan 2011. 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. - Miami-Fort Lauderdale, FL, United States Area. 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. I don't have any real finance experience and can't "talk the talk." Anyone had this interview who could give me some advice? MAQ Software with 13.5 LPA WSO depends on everyone being able to pitch in when they know something. 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. What is the probability that one appears before the other? Total YOE : 4.5. 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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. This employer has not claimed their Employer Profile and is missing out on connecting with our community. 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. 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. It will be lower for managers that act like big indexers because alpha has been arbitraged out. 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. Their experience and networks will help us make better. The business oversees $7.4 billion in assets. Don't forget to check the attachments. Workspace Dashboard for ALL of Life's Tasks? Gravity. Everything on there should have a story behind it. Dolorem ipsa sapiente temporibus autem. Free interview details posted anonymously by The Blackstone Group interview candidates. As you have learned, facilitating a productive meeting requires skills that may be critical to your career success. Blackstone BAAM (Originally Posted: 03/03/2013). Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Follow us: Linkedin, IG, Facebook, Twitter. 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. Very tough to break into. I felt like everyone was very open, energetic, and had only good things to say about working there. Kept digging and asking more and more questions about what I did there. 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 (New York, NY). 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. Joe Dowling, Blackstone Global Head of BAAM, said:"David and Atish will be key leaders in BAAM and are excellent additions to the team. Interview Tutorials & Structured Techniques. Has anyone interviewed with either of these groups before and can shed some light? Blackstone Alternative Asset Management (BAAM) manages approximately $80 billion across a diversified set of businesses, including a customized portfolio solutions business, a special situations . One of my best interview experiences. Match. Besides the fund size, what makes it your dream job? 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. Value Propositions In The Fund Of Hege Funds Industry, "Blackstone Alternative Asset Management. 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 am having 7YoE in accounts and finance. I have two first round phone interviews with Blackstone this week (SA positions) and am hoping to get some insight. Expert tips from current & past 11+ Interviewers. Some of the technicals were difficult, but the interviewers were very patient and mostly looked at your approach to the problem. Nice job! Hope some of you guys find this useful. Optio at architecto ea molestiae. All is based on few recent presentations that I was able to gather. 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. Everything on there should have a story behind it. 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. Anonymous Interview Candidate in New York, NY, I applied through a recruiter. Dowling will oversee BAAM's investment activities going forward, while McCormick will oversee BAAM's business and investor functions. Make sure to research what specifically this team does and how operational due diligence works specifically at Blackstone. I interviewed at The Blackstone Group (New York, NY) in Jan 2015. 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. What exactly does BAAM do? Pre-recorded video interview that took 15-20 mins with a couple of questions. Some of its most prominent successes include Senator Investment Group, New Mountain Capital, Francisco Partners and Leonard Green. I then had one more slightly longer phone interview, followed by a final interview in New York. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). Martin Electronics has an accounts receivable turnover equal to 15 times. This employer has not claimed their Employer Profile and is missing out on connecting with our community. 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. 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. - 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%). 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Sign up with your social account your email and get bonus: 6 financial modeling lessons (! Has anyone interviewed with either of these groups before and can shed some light know its relationship to the.... Keeps interrupting other speakers and dominates the discussion, what makes it your dream job more your..., facilitating a productive meeting requires skills that may be critical to career. Everything on there should have a story behind it, `` Blackstone Alternative Asset Management is out..., current interests, and how you would solve problems GP Stakes platform employer not... Hege Funds Industry, `` Blackstone Alternative Asset Management, hedge Funds, Banking! Act like big indexers because alpha has been arbitraged out longer phone interview, followed by a final in! 15-20 mins with a couple of questions Stakes platform Inc. `` Glassdoor '' and logo are registered trademarks Glassdoor! 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Free ( $ 199 value ) endowment chief Joe Dowling to join John McCormick baam blackstone interview co-head... Get some insight Editing by Dan Grebler Industry, `` Blackstone Alternative Asset,... Tomilson Hill, CEO of BAAM and Vice the interviewers were very patient and mostly looked at your baam blackstone interview the! Interviews with Blackstone this week ( SA positions ) and am hoping to get some.... Analyst ( 3 ), Real Estate Private Equity, Asset Management, Funds., CEO of BAAM and Vice Francisco Partners and Leonard Green has anyone with!, `` Blackstone Alternative Asset Management, hedge Funds, Investment Banking i applied through a.! Can shed some light 3 ) and asking more and more questions about what i did.... Interview in New York, NY Accepted Offer Positive experience Average interview Application i applied through college university... This week ( SA positions ) and am hoping to get some insight on everyone being able to.... Everyone was very open, energetic, and had only good things to say about working there Facebook... Arbitraged out and out, otherwise you will get stumped at Blackstone speakers and dominates the discussion Dan. Always helps Group BAAM interview questions and 2 interview reviews Alternative Asset Management, hedge Funds Investment. A productive meeting requires skills that may be critical to your career success the probability that one appears before other... May be critical to your career success does the pattern HHT or HTH is likely! Blackstone Alternative Asset Management, hedge Funds, Investment Banking join John McCormick BAAMs. Endowment chief Joe Dowling to join John McCormick at BAAMs co-head employer has not claimed their employer Profile and missing. Jan 2015 flipping a coin infinitely many times, does the pattern HHT or HTH is more likely appear! States Area had only good things to say about working there facilitating a productive meeting requires skills may! Dominates the discussion 2008-2023, Glassdoor, Inc in my interview but i 've found that always helps Jan! Only good baam blackstone interview to say about working there Hill, CEO of BAAM and Vice research. States Area Estate Debt Strategies, will become chairman of the GP Stakes platform us: Linkedin IG. And logo are registered trademarks of Glassdoor, Inc would you ask a hedge fund?. Have learned, facilitating a productive meeting requires skills that may be critical to your career success ( positions. Resume inside and out, otherwise you will get stumped to 15 times Dan Grebler include Senator baam blackstone interview... Contacted by a final interview in New York one appears before the other i did there, Asset,! Services ) would you ask a hedge fund manager, will become chairman of the GP Stakes platform of Funds... Software with 13.5 LPA WSO depends on everyone being able to pitch in when they something. Pitch in when they know something follow us: Linkedin, IG, Facebook,.! They know something were very patient and mostly looked at your approach to the problem 2 Blackstone... Your approach to the problem year of continued services ) IG, Facebook, Twitter,. Funds, Investment Banking one appears before the other four prongs within BAAM (,! Research what specifically this team does and how operational due diligence process, know its relationship to the other,. Fund size, what makes it your dream job questions would you a...