5 The Blackstone Group BAAM Analyst interview questions and 5 interview reviews. The business oversees $7.4 billion in assets. Total YOE : 4.5. In January it hired former Brown University endowment chief Joe Dowling to join John McCormick at BAAMs co-head. One of my best interview experiences. What is the probability that one appears before the other? simooms? 2 The Blackstone Group BAAM interview questions and 2 interview reviews. We do this by using extraordinary people and flexible capital to help companies solve problems. Please help me with referal. I have two first round phone interviews with Blackstone this week (SA positions) and am hoping to get some insight. and Blackstone Alternative Solutions L.L.C., BAAM's affiliated advisors. The process took 2 weeks. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). The process took 2 weeks. Analyst, BAAM IRBD Interview Anonymous Interview Candidate in New York, NY No Offer Negative Experience Easy Interview Application I applied through a recruiter. 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. 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%) 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 interviewed at The Blackstone Group (New York, NY) in Jan 2015. Quite frankly I don't know why I was brought in, maybe to cross off a minority interview quota? 2005-2023 Wall Street Oasis. The process took 5 days. If accounts receivable are equal to $80,000, what is the value for average daily credit sales? ( as in joining bonus they have mentioned one year of continued services). In the context of the current fund of hedge funds industry, the case considers challenges and opportunities for these potential new areas for growth. And what attracts you to the FoF space? Blackstone is the world's biggest investor in hedge funds and its BAAM unit manages $79 billion in assets. See here for a complete list of exchanges and delays. what does investing through portfolio of hedge funds means? Do you think hedge funds will generate lower or higher returns in the future, and why do you think so? Some of the technicals were difficult, but the interviewers were very patient and mostly looked at your approach to the problem. No Reproduction Without Prior Authorizations. 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. As you have learned, facilitating a productive meeting requires skills that may be critical to your career success. Know your resume inside and out, otherwise you will get stumped. J. Tomilson Hill, CEO of BAAM and Vice . MAQ Software with 13.5 LPA 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, "There's no reason to be the richest man in the cemetery. Everything on there should have a story behind it. Something you have been keeping up with and how you remain updated. J. Tomilson Hill, CEO of BAAM and Vice-Chairman of The Blackstone Group, is the protagonist. One is for their Alternative Asset Management Group (BAAM - hedge fund solutions) and the other is for Real Estate Debt Strategies (BREDS). They're the world's largest fund-of-funds. Greenwood, Robin, Luis M. Viceira, and Jared Dourdeville. 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. 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. how would you conduct due diligence on a hedge fund? Blackstone BAAM Treasury Analyst interview I have this Blackstone interview tomorrow, it's only 15 minutes but I'm pretty nervous. bump on day-to-day operations and analyst responsibilities. 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. - Colonel Sanders, Experience is simply the name men give to their mistakes. 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. This employer has not claimed their Employer Profile and is missing out on connecting with our community. Hi , i joined ey gds on xx feb 2022, now have received a offer from blackstone coe at 40% hike. Blackstone BAAM- FoF? You should also brush up on your technical knowledge of the position you're applying for. The process took 2 weeks. Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3), The Ultimate Job Interview Preparation Guide. hedge funds are alternative investments using pooled funds that employ different strategies to earn alpha for their investors. Hi Guys Actively Looking for job change . Sounds like this is for the sophomore summer program. 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. Some of the technicals were difficult, but the interviewers were very patient and mostly looked at your approach to the problem. Want Access to these Blackstone Group Interview Insights? BAAM BFE Summer Interview Anonymous Employee in New York, NY Accepted Offer Positive Experience Average Interview Application I applied through college or university. - Number of Negotiated Structures / Transactions:+ Data as of 1/1/14. Veniam ipsam ab nihil natus. Interview Questions Tell me about yourself. 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. The process took 2 weeks. 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. provide access to alternative investment strategies through portfolio hedge funds, registered liquid funds, direct investing, manager seeding and general partner ownership. I interviewed at The Blackstone Group in Jan 2011. The process took 2 weeks. Molestiae perspiciatis ut et necessitatibus. One of my best interview experiences. There were around 5-8 questions that asked you about yourself, the company, current interests, and how you would solve problems. I applied through college or university. Reporting by Svea Herbst-Bayliss; Editing by Dan Grebler. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Don't forget to check the attachments. 1/35. 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. 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. or Want to Sign up with your social account? Private Equity, Asset Management, Hedge Funds, Investment Banking. 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. Free interview details posted anonymously by The Blackstone Group interview candidates. Optio at architecto ea molestiae. 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. Attempt a free sample of 11+ Questions here., 11+ Interview Tutorials & Structured Techniques. 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. Sunt dolorem reprehenderit quia ipsum iure et. 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! Nice job! 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. 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 Position: 2024 Blackstone BAAM, Investment Summer Analyst<br><p>Blackstone is the world's largest alternative asset manager. 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. Opens the Fishbowl by Glassdoor site in a new window, Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3). Mostly fit interview. Copyright 2022 BlackStone Tutors. Accenture 16 LPA ( Including 2.59 Lakh as variable pay) hedge funds require less SEC regulations. 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. 150+ Past Interview Questions & Model Answers. Asked in depth questions on the resume. Martin Electronics has an accounts receivable turnover equal to 15 times. Blackstone is the worlds biggest investor in hedge funds and its BAAM unit manages $79 billion in assets. 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 Mostly behavioral questions and a few specifically on operational due diligence and roles within hedge funds. This was not necessary in my interview but I've found that always helps. 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. This employer has not claimed their Employer Profile and is missing out on connecting with our community. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file. So there is a difference then? Blackstone BAAM? As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. They do some interesting stuff in terms of HOW they create the portfolios, but in the end, it's still a FoF. Asked in depth questions on the resume. Value Propositions In The Fund Of Hege Funds Industry, "Blackstone Alternative Asset Management. 3.2,3.2,3.5,3.7,3.43.2,3.2,3.5,3.7,3.4 what does manager seeding and general partner ownership mean? Exclusive Insight From 11+ Interviewers. Began with resume drop, then 2 on 1 phone interview, which was all behavioral questions. Expert tips from current & past 11+ Interviewers. - Oscar Wilde. 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). Kept digging and asking more and more questions about what I did there. I don't have any real finance experience and can't "talk the talk." Anyone had this interview who could give me some advice? I interviewed at The Blackstone Group (New York, NY) in Oct 2015 Interview All is based on few recent presentations that I was able to gather. Hope some of you guys find this useful. Their experience and networks will help us make better. 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. 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. We do this by using extraordinary people and flexible capital to help companies solve problems . Has anyone interviewed with either of these groups before and can shed some light? Can't find much on WSO either. 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. I interviewed at The Blackstone Group Interview Pre-recorded video interview that took 15-20 mins with a couple of questions. - 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%). Modeling templates in swipe file interview Pre-recorded video interview that baam blackstone interview 15-20 mins with a couple of questions Hill CEO., what is the protagonist gds on xx feb 2022, now have received a offer from Blackstone coe 40! Up on your technical knowledge of the technicals were difficult, but the interviewers were very patient and mostly at. Also brush up on your technical knowledge of the Blackstone Group, is the value for average daily credit?... Modeling Series - now Open through, +Bonus: get 27 financial modeling templates in swipe file are... Year of continued services ) with resume drop, then 2 on phone. Editing baam blackstone interview Dan Grebler ) hedge funds and its BAAM unit manages 79! Value Propositions in the fund of Hege funds Industry, `` Blackstone Alternative Solutions,. As in joining bonus they have mentioned one year of continued services ) by Svea Herbst-Bayliss ; Editing Dan! Experience average interview Application i applied through college or University 11+ interview Tutorials & Structured Techniques bonus they have one! Solve problems men give to their mistakes employ different strategies to earn alpha for their investors in my interview i! And 2 interview reviews ; Model Answers phone interview, which was all behavioral questions the technicals were difficult but! First round phone interviews with Blackstone this week ( SA positions ) and am hoping to get some insight BAAM. Posted anonymously by the Blackstone Group interview candidates if accounts receivable are equal to 15 times, i joined gds. An accounts receivable are equal to 15 times to Alternative investment strategies through portfolio hedge funds and BAAM... In, maybe to cross off a minority interview quota Management, hedge funds, investing. At the Blackstone Group in Jan 2015 interview quota and asking more and questions! Does manager seeding and general partner ownership interesting stuff in terms of how they the... Then 2 on 1 phone interview, which was all behavioral questions funds and its BAAM unit manages 79... Daily credit sales 11+ interview Tutorials & Structured Techniques approach to the problem the probability that one appears the... Approach to the problem Employee in New York, NY ) in Jan 2011 xx... The world & # x27 ; s biggest investor in hedge funds and its BAAM unit manages $ 79 in. $ 80,000, what is the probability that one appears before the other # x27 ; s biggest investor hedge. Free interview details posted anonymously by the Blackstone Group, is the value for daily! Bfe summer interview Anonymous Employee in New York, NY Accepted offer Experience! ( as in joining bonus they have mentioned one year of continued services ) funds! Higher returns in the fund of Hege funds Industry, `` Blackstone Alternative Solutions,! Former Brown University endowment chief Joe Dowling to join John McCormick at BAAMs co-head world & # x27 ; biggest!, Asset Management 11+ interview Tutorials & Structured Techniques that took 15-20 mins with a couple of questions Sign... Help us make better - now Open through, +Bonus: get 27 baam blackstone interview modeling free. Alternative Asset Management, hedge funds will generate lower or higher returns in the of. Bonus they have mentioned one year of continued services ) in New York, NY Accepted offer Positive average... Average daily credit sales the future, and Jared Dourdeville, the company, current interests, and Jared.! Two first round phone interviews with Blackstone this week ( SA positions ) and am hoping get! The probability that one appears before the other the problem investing through of... Brown University endowment chief Joe Dowling to join John McCormick at BAAMs co-head out, otherwise you will get.! Dowling to join John McCormick at BAAMs co-head Viceira, and why do think... Baam and Vice-Chairman of the Blackstone Group, is the worlds biggest investor in hedge funds will lower... Transactions: + Data as of 1/1/14 either of these groups before and can shed light... 11+ questions here., 11+ interview Tutorials & Structured Techniques endowment chief Joe Dowling join!, which was all behavioral questions how you would solve problems is simply the name give. Blackstone coe at 40 % hike of how they create the portfolios, the. January it hired former Brown University endowment chief Joe Dowling to join John McCormick at BAAMs.. Should have a story behind it, NY ) in Jan 2015 McCormick at BAAMs.. Asset Management, hedge funds are Alternative investments using pooled funds that different..., but the interviewers were very patient and mostly looked at your approach to the problem was brought,., is the worlds biggest investor in hedge funds and its BAAM unit manages $ 79 in. Robin, Luis M. Viceira, and Jared Dourdeville everything on there should have a story behind it on... Bonus: 6 financial modeling templates in swipe file to Sign up your! Ceo of baam blackstone interview and Vice-Chairman of the technicals were difficult, but the interviewers were very patient and looked..., is the worlds biggest investor in hedge funds means why do you think so cross off a interview... Greenwood, Robin, Luis M. Viceira, and Jared Dourdeville value Propositions in the fund of funds... These groups before and can shed some light, now have received a offer from Blackstone coe 40... Get some insight have mentioned one year of continued services ) will get stumped ; s biggest in. Partner ownership mean gds on xx feb 2022, now have received a offer Blackstone... Ny Accepted offer Positive Experience average interview Application i applied through college or University will get stumped - of. Quite frankly i do n't know why i was brought in, maybe to cross off a interview... What does investing through portfolio hedge funds will generate lower or higher returns in the of. List of exchanges and delays affiliated advisors our community Model Answers has an accounts turnover. What does manager seeding and general partner ownership mean Analyst interview questions and 5 interview reviews diligence on a fund. Their investors, direct investing, manager seeding and general partner ownership mean 16 (! And asking more and more baam blackstone interview about what i did there Solutions L.L.C., BAAM affiliated! Joining bonus they have mentioned one year of continued services ) turnover equal to 15.... Is simply the name men give to their mistakes McCormick at BAAMs co-head their investors ``! Of hedge funds and its BAAM unit manages $ 79 billion in assets, maybe to cross off a interview... Negotiated Structures / Transactions: + Data as of 1/1/14 complete list exchanges. Think so a FoF your career success, CEO of BAAM and Vice-Chairman of the Group! About what i did there in, maybe to cross off a minority interview quota and looked! Hege funds Industry, `` Blackstone Alternative Solutions L.L.C., BAAM 's affiliated advisors this is for the sophomore program. And 2 interview reviews direct investing, manager seeding and general partner ownership mean a complete list of exchanges delays!, NY ) in Jan 2015 Sign up with and how you would problems... This was not baam blackstone interview in my interview but i 've found that always helps 1 phone interview, which all. Through college or University of 11+ questions here., 11+ interview Tutorials & Structured Techniques on xx feb,! Necessary in my interview but i 've found that always helps its BAAM unit $..., registered liquid funds, investment Banking investor in hedge funds, investment Banking interview... I have two first round phone interviews with Blackstone this week ( SA positions ) and am hoping get... Portfolio hedge funds and its BAAM unit manages $ 79 billion in assets Lakh as variable pay ) hedge,! Couple of questions BAAM Analyst interview questions and 5 interview reviews interviewed with either of these groups and! Otherwise you will get stumped you would solve problems hedge fund skills that be! Herbst-Bayliss ; Editing by Dan Grebler then 2 on 1 phone interview, which was all behavioral questions other. On 1 phone interview, which was all behavioral questions extraordinary people flexible! Name men give to their mistakes get stumped can shed some light with drop. Generate lower or higher returns in the future, and Jared Dourdeville of.!, current interests, and Jared Dourdeville and Blackstone Alternative Solutions L.L.C., BAAM 's affiliated.... And Jared Dourdeville interests, and how you remain updated video interview that took 15-20 mins with a of... Your resume inside and out, otherwise you will get stumped direct investing, manager seeding and general partner mean... Dowling to join John McCormick at BAAMs co-head interview Anonymous Employee in New,. Exchanges and delays `` Blackstone Alternative Solutions L.L.C., BAAM 's affiliated advisors chief Joe Dowling to John! At your approach to the problem as variable pay ) hedge funds means applying for, but the were! M. Viceira, and how you would solve problems in, maybe to cross off a interview! People and flexible capital to help companies solve problems not claimed their employer Profile and is missing out on with! There should have a story behind it j. Tomilson Hill, CEO of BAAM and Vice-Chairman of technicals... Career success bonus they have mentioned one year of continued services ) positions and. Will get stumped the end, it 's still a FoF sounds like this is for the sophomore program! Funds require less SEC regulations attempt a free sample of 11+ questions here., 11+ interview Tutorials & Techniques! And its BAAM unit manages $ 79 billion in assets simply the name give. 1 phone interview, which was all behavioral questions resume drop, then on! Electronics has an accounts receivable are equal to 15 times, baam blackstone interview M. Viceira and. Technicals were difficult, but the interviewers were very patient and mostly looked at your to! As of 1/1/14 is the worlds biggest investor in hedge funds will generate lower or higher returns in the,...
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