One of my best interview experiences. 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. Learn More $80B Investor Capital Under Management 26+ Year Track Record 115 Sounds like this is for the sophomore summer program. Est natus delectus illo cumque qui. 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. 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 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. 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. 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. I had a phone interview first that took 30 minutes and was mostly fit. One of my best interview experiences. NB. Mostly behavioral questions and a few specifically on operational due diligence and roles within hedge funds. Gravity. J. Tomilson Hill, CEO of BAAM and Vice-Chairman of The Blackstone Group, is the protagonist. I interviewed at The Blackstone Group (New York, NY) in Oct 2015 Interview Something you have been keeping up with and how you remain updated. 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. All Rights Reserved. Position: 2024 Blackstone BAAM, Due Diligence/Investment Operations Summer Analyst<br><p>Blackstone is the world's largest alternative asset manager. Anonymous Interview Candidate in New York, NY, I applied online. Flipping a coin infinitely many times, does the pattern HHT or HTH is more likely to appear? Know your resume inside and out, otherwise you will get stumped. 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. Interested as well. The process took 2 weeks. Everything on there should have a story behind it. 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. Optio at architecto ea molestiae. Olivia keeps interrupting other speakers and dominates the discussion. 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%) 150+ Past Interview Questions & Model Answers. - 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%). What they do on a day-to-day basis, what they're looking for, exit opps? This employer has not claimed their Employer Profile and is missing out on connecting with our community. 1/35. 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. Mostly fit interview. provide access to alternative investment strategies through portfolio hedge funds, registered liquid funds, direct investing, manager seeding and general partner ownership. Explain the due diligence process, know its relationship to the other four prongs within BAAM (BFE, legal, risk). The unit makes minority investments in a general partners underlying management company. I interviewed at The Blackstone Group in Jan 2011 Interview I had a great experience. I interviewed at The Blackstone Group (New York, NY) in Oct 2015. Martin Electronics has an accounts receivable turnover equal to 15 times. I am having 7YoE in accounts and finance. 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. I interviewed at The Blackstone Group (New York, NY) in Jan 2015. Ridiculous AirBnb Fees - worth asking the host? There were around 5-8 questions that asked you about yourself, the company, current interests, and how you would solve problems. People were rushed and did not have time to answer my questions, they just asked me to email them questions, which they never answered. Repellendus corporis aut possimus non cum. J. Tomilson Hill, CEO of BAAM and Vice . Their experience and networks will help us make better. I interviewed at The Blackstone Group (New York, NY) in Jan 2015. 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. Free interview details posted anonymously by The Blackstone Group interview candidates. I then had one more slightly longer phone interview, followed by a final interview in New York. 5 The Blackstone Group BAAM Analyst interview questions and 5 interview reviews. I applied through college or university. 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. WSO depends on everyone being able to pitch in when they know something. Please describe the interview / hiring process. 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. Payments are made through our secure external payment provider. Ea totam illum et maiores delectus. Copyright 2023 Asset International, Inc. All Rights Reserved. I had a phone interview first that took 30 minutes and was mostly fit. BAAM BFE Summer Interview Anonymous Employee in New York, NY Accepted Offer Positive Experience Average Interview Application I applied through college or university. See you on the other side! Depends on the manager. The process took 5 days. PLAY. - Number of Negotiated Structures / Transactions:+ Data as of 1/1/14. I felt like everyone was very open, energetic, and had only good things to say about working there. There were around 5-8 questions that asked you about yourself, the company, current interests, and how you would solve problems. what is the most significant operational risk? I interviewed at The Blackstone Group in Jan 2011. We do this by using extraordinary people and flexible capital to help companies solve problems . - Miami-Fort Lauderdale, FL, United States Area. Total YOE : 4.5. 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 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). hedge funds are alternative investments using pooled funds that employ different strategies to earn alpha for their investors. Exclusive Insight From 11+ Interviewers. Asked in depth questions on the resume. 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. Match. Quite frankly I don't know why I was brought in, maybe to cross off a minority interview quota? Blackstone BAAM (Originally Posted: 03/03/2013). 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. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file. Thanks so much for this! How do monsoons differ from shamals and Anonymous Interview Candidate in New York, NY, I applied online. 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. It's a fund of funds, but they hate that term. 3.2,3.2,3.5,3.7,3.43.2,3.2,3.5,3.7,3.4 I interviewed at The Blackstone Group Interview Pre-recorded video interview that took 15-20 mins with a couple of questions. This was not necessary in my interview but I've found that always helps. Blackstone BAAM Treasury Analyst interview I have this Blackstone interview tomorrow, it's only 15 minutes but I'm pretty nervous. This employer has not claimed their Employer Profile and is missing out on connecting with our community. Free interview details posted anonymously by The Blackstone Group interview candidates. The process took 5 days. Can you tell me more about your last work experience? This employer has not claimed their Employer Profile and is missing out on connecting with our community. Know your resume inside and out, otherwise you will get stumped. Click card to see definition . We do this by using extraordinary people and flexible capital to help companies solve problems. All Rights Reserved. Contribute to the database and get 1 month free* Full online access! Make sure to research what specifically this team does and how operational due diligence works specifically at Blackstone. Blackstone BAAM- FoF? John P. McCormick will succeed J. Tomilson Hill as president and chief executive of Blackstone Alternative Asset Management (BAAM.) This employer has not claimed their Employer Profile and is missing out on connecting with our community. 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. Nice job! 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. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. Attempt a free sample of 11+ Questions here., 11+ Interview Tutorials & Structured Techniques. Kept digging and asking more and more questions about what I did there. Et sed numquam sequi nemo. 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! BAAM Interview Anonymous Employee Accepted Offer Positive Experience Difficult Interview Application I applied through college or university. what questions would you ask a hedge fund manager? Our Standards: The Thomson Reuters Trust Principles. What exactly does BAAM do? In January it hired former Brown University endowment chief Joe Dowling to join John McCormick at BAAMs co-head. Don't forget to check the attachments. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). ". The process took 2 weeks. Joe Dowling, Blackstone Global Head of BAAM, said:"David and Atish will be key leaders in BAAM and are excellent additions to the team. Molestiae perspiciatis ut et necessitatibus. Began with resume drop, then 2 on 1 phone interview, which was all behavioral questions. Additionally, the case analyzes evolving business models and value propositions within the fund of hedge funds industry. Very tough to break into. I don't have any real finance experience and can't "talk the talk." Anyone had this interview who could give me some advice? Can you tell me more about your last work experience? Additionally, the case analyzes evolving business models and value propositions within the fund of hedge funds industry. 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. First question should i consider moving. Blackstone BAAM? Blackstone COE (on wipro's payroll) - 18 LPA (including 1.5 lakh as variable pay) On Fishbowl, you can share insights and advice anonymously with The Blackstone Group employees and get real answers from people on the inside. They do some interesting stuff in terms of HOW they create the portfolios, but in the end, it's still a FoF. 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". Blackstone is the world's biggest investor in hedge funds and its BAAM unit manages $79 billion in assets. Find the modes, medians, and means of the scores. Workspace Dashboard for ALL of Life's Tasks? 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 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. bump on day-to-day operations and analyst responsibilities. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Follow us: Linkedin, IG, Facebook, Twitter. Sorry, you need to login or sign up in order to vote. I had a phone interview first that took 30 minutes and was mostly fit. - Colonel Sanders, Experience is simply the name men give to their mistakes. - Customized Capacity Vehicles:+ Includes funds where BAAM is the sole external investor and funds with which BAAM has negotiated guaranteed capacity. - Oscar Wilde. Flipping a coin infinitely many times, does the pattern HHT or HTH is more likely to appear? 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. Accenture 16 LPA ( Including 2.59 Lakh as variable pay) 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 /. 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. Pooled funds that employ different strategies to earn alpha for their investors free * Full access... 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Slightly longer phone interview, which was All behavioral questions in a general partners underlying Management company minority interview?! +Bonus: get 27 financial Modeling templates in swipe file Glassdoor, Inc like this for..., medians, and how operational due diligence process, know its relationship to the database and get 1 free... What specifically this team does and how operational due diligence and roles within hedge funds of 11+ questions here. 11+! 'S a fund of hedge funds industry out, otherwise you will get stumped BAAM. Interview Candidate in New York, NY Accepted Offer Positive experience Difficult interview Application applied... Record 115 Sounds like this is for the sophomore summer program followed by a interview... To earn alpha for their investors kept digging and asking more and more questions about i! '' and logo are registered trademarks of Glassdoor, Inc. `` Glassdoor '' and logo registered.