Match. Copyright 2022 BlackStone Tutors. You should also brush up on your technical knowledge of the position you're applying for. Click card to see definition . Position: 2024 Blackstone BAAM, Investment Summer Analyst<br><p>Blackstone is the world's largest alternative asset manager. An excellent post with meaningful content that is relevant to the community. Can you tell me more about your last work experience? 5 The Blackstone Group BAAM Analyst interview questions and 5 interview reviews. Explain the due diligence process, know its relationship to the other four prongs within BAAM (BFE, legal, risk). What is the probability that one appears before the other? Gravity. Pre-recorded video interview that took 15-20 mins with a couple of questions. 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. The process took 2 weeks. Hope some of you guys find this useful. Molestiae perspiciatis ut et necessitatibus. Click again to see term . Blackstone BAAM? Martin Electronics has an accounts receivable turnover equal to 15 times. Was contacted by a recruiter, came in 2 weeks later. Interview Questions Tell me about yourself. 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. 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. Blackstone is the worlds biggest investor in hedge funds and its BAAM unit manages $79 billion in assets. 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. what does investing through portfolio of hedge funds means? ". (Originally Posted: 11/26/2014). 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. The process took 2 weeks. 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. It will be lower for managers that act like big indexers because alpha has been arbitraged out. This was not necessary in my interview but I've found that always helps. Value Propositions In The Fund Of Hege Funds Industry, "Blackstone Alternative Asset Management. 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. See here for a complete list of exchanges and delays. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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. what questions would you ask a hedge fund manager? simooms? Very tough to break into. I interviewed at The Blackstone Group (New York, NY) in Oct 2015 Interview Will resigning before is not considered continuous service. There were around 5-8 questions that asked you about yourself, the company, current interests, and how you would solve problems. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Ridiculous AirBnb Fees - worth asking the host? 2005-2023 Wall Street Oasis. Kept digging and asking more and more questions about what I did there. 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. 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! As you have learned, facilitating a productive meeting requires skills that may be critical to your career success. 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 WSO Content & Social Media. what is the most significant operational risk? Exclusive Insight From 11+ Interviewers. 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. 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. 150+ Past Interview Questions & Model Answers. J.Tomilson Hill will become chairman of Blackstone Alternative Asset Management. Blackstone Alternative Asset Management (BAAM) manages approximately $80 billion across a diversified set of businesses, including a customized portfolio solutions business, a special situations . Anonymous Interview Candidate in New York, NY, I applied online. First question should i consider moving. 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. 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. Opens the Fishbowl by Glassdoor site in a new window, Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3). 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. Anonymous Interview Candidate in New York, NY, I applied through a recruiter. 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". 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. 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. provide access to alternative investment strategies through portfolio hedge funds, registered liquid funds, direct investing, manager seeding and general partner ownership. Our $951 billion in assets . Nash, who co-founded Blackstone Real Estate Debt Strategies, will become chairman of the GP Stakes platform. Blackstone is the world's biggest investor in hedge funds and its BAAM unit manages $79 billion in assets. how would you conduct due diligence on a hedge fund? As requested by @MBAGrad2015" in my previous post (about GSO) and several other users who pm-ed me about BAAM, I decided to start another "demystifying" thread - the Blackstone's 2014 Hedge Fund Solutions (BAAM) overview. I don't have any real finance experience and can't "talk the talk." Anyone had this interview who could give me some advice? Total YOE : 4.5. what does manager seeding and general partner ownership mean? I applied through college or university. All quotes delayed a minimum of 15 minutes. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Kept digging and asking more and more questions about what I did there. They do some interesting stuff in terms of HOW they create the portfolios, but in the end, it's still a FoF. Job title almost similar . I had a great experience. NB. You can't do business from there." Blackstone COE (on wipro's payroll) - 18 LPA (including 1.5 lakh as variable pay) What they do on a day-to-day basis, what they're looking for, exit opps? bump on day-to-day operations and analyst responsibilities. Blackstone Alternative Asset Management (BAAM) has partnered with some of the world's leading investors since 1995. Additionally, the case analyzes evolving business models and value propositions within the fund of hedge funds industry. Joe Dowling, Blackstone Global Head of BAAM, said:"David and Atish will be key leaders in BAAM and are excellent additions to the team. I have two first round phone interviews with Blackstone this week (SA positions) and am hoping to get some insight. Interview Tutorials & Structured Techniques. How do monsoons differ from shamals and One is for their Alternative Asset Management Group (BAAM - hedge fund solutions) and the other is for Real Estate Debt Strategies (BREDS). Blackstone BAAM- FoF? 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). All Rights Reserved. The process took 5 days. Learn More $80B Investor Capital Under Management 26+ Year Track Record 115 I had a great experience. What should I make of this, what would it be like, and how is it viewed? 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. Their experience and networks will help us make better. J. Tomilson Hill, CEO of BAAM and Vice-Chairman of The Blackstone Group, is the protagonist. The process took 2 weeks. 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. 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. Asked in depth questions on the resume. The process took 2 weeks. Want Access to these Blackstone Group Interview Insights? I interviewed at The Blackstone Group (New York, NY) in Jan 2015. Besides the fund size, what makes it your dream job? Flipping a coin infinitely many times, does the pattern HHT or HTH is more likely to appear? I know that BAT is different from BFE, but not exactly sure how. - 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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