Blackstone COE (on wipro's payroll) - 18 LPA (including 1.5 lakh as variable pay) - Number of Negotiated Structures / Transactions:+ Data as of 1/1/14. MAQ Software with 13.5 LPA The process took 2 weeks. Please help me choose the right organisation 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. First question should i consider moving. 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. 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. Reporting by Svea Herbst-Bayliss; Editing by Dan Grebler. 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. I applied through college or university. Private Equity, Asset Management, Hedge Funds, Investment Banking. Typical superday in the office with 4 1 on 1 interviews. This was not necessary in my interview but I've found that always helps. - Miami-Fort Lauderdale, FL, United States Area. Hi Guys Actively Looking for job change . What exactly does BAAM do? 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. The business oversees $7.4 billion in assets. 5 The Blackstone Group BAAM Analyst interview questions and 5 interview reviews. 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. Est natus delectus illo cumque qui. Their experience and networks will help us make better. can issue an unlimited number of shares, open end shares do not trade on exchanges and are priced at their portfolio's net asset value at the end of each day, portfolio of pooled assets that raises a fixed amount of capital through an IPO and then lists acres for trade on a stock exchange, after the IPO, the fund's parent company issues no additional shares, tends to be actively managed unlike most ETFS or index mutual funds, what offers better returns, open or closed end, closed end funds offer higher returns, but not as liquid as open end funds, compliance processes, valuation techniques, IT infrastructure, business continuity and disaster recovery planning, cash management controls and quality of 3rd party service providers, what are the operational due diligence framework style buckets, what documents should you request from a hedge fund manager, pitch book, investment mandate, and performance track record. Everything on there should have a story behind it. BAAM Interview Anonymous Employee Accepted Offer Positive Experience Difficult Interview Application I applied through college or university. See here for a complete list of exchanges and delays. Dolorem ipsa sapiente temporibus autem. Job title almost similar . Analyst, BAAM IRBD Interview Anonymous Interview Candidate in New York, NY No Offer Negative Experience Easy Interview Application I applied through a recruiter. Was contacted by a recruiter, came in 2 weeks later. The process took 2 weeks. Thanks so much for this! Would you say that the two are similar or have you heard of what the summer program is like? Anonymous Interview Candidate in New York, NY, I applied online. All quotes delayed a minimum of 15 minutes. hedge funds require less SEC regulations. I had a phone interview first that took 30 minutes and was mostly fit. Everything on there should have a story behind it. The process took 5 days. 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. See you on the other side! Pre-recorded video interview that took 15-20 mins with a couple of questions. Interested as well. 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). Sounds like this is for the sophomore summer program. 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. 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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. - Customized Capacity Vehicles:+ Includes funds where BAAM is the sole external investor and funds with which BAAM has negotiated guaranteed capacity. Match. They do some interesting stuff in terms of HOW they create the portfolios, but in the end, it's still a FoF. It will be lower for managers that act like big indexers because alpha has been arbitraged out. 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. 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. Don't forget to check the attachments. and Blackstone Alternative Solutions L.L.C., BAAM's affiliated advisors. Nash, who co-founded Blackstone Real Estate Debt Strategies, will become chairman of the GP Stakes platform. Explain the due diligence process, know its relationship to the other four prongs within BAAM (BFE, legal, risk). One of my best interview experiences. 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. 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. Copyright 2023 Asset International, Inc. All Rights Reserved. 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. Something you have been keeping up with and how you remain updated. 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. 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. 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. what is the most significant operational risk? I interviewed at The Blackstone Group (New York, NY) in Jan 2015. Blackstone BAAM (Originally Posted: 03/03/2013). Ea totam illum et maiores delectus. 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). They're the world's largest fund-of-funds. Follow us: Linkedin, IG, Facebook, Twitter. 11+ Online Interview Question Bank1 Month Subscription (29.99), 11+ Online Interview Question Bank3 Month Subscription (34.99), 11+ Online Interview Question Bank6 Month Subscription (39.99). 2005-2023 Wall Street Oasis. I am having 7YoE in accounts and finance. Click card to see definition . I interviewed at The Blackstone Group in Jan 2011. Please describe the interview / hiring process. And what attracts you to the FoF space? The unit makes minority investments in a general partners underlying management company. Total YOE : 4.5. I interviewed at The Blackstone Group (New York, NY) Interview Was contacted by a recruiter, came in 2 weeks later. Optio at architecto ea molestiae. what does manager seeding and general partner ownership mean? 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 /. 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. Blackstone is the worlds biggest investor in hedge funds and its BAAM unit manages $79 billion in assets. The process took 2 weeks. 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. - Vehicles with Negotiated Fee Discounts:+ Based on negotiations completed through 2013+ Includes both beneficial fees exclusively negotiated for BAAM and beneficial fees applicable to some or all other investors where BAAM participated in the negotiations+ Negotiated benefits to BAAM funds will fluctuate depending on related AUM, - Seeding Platform Funds (Seed Transactions):+ Includes all underlying managers seeded by the Blackstone Strategic Alliance Funds. 2005-2023 Wall Street Oasis. Additionally, the case analyzes evolving business models and value propositions within the fund of hedge funds industry. hedge funds are alternative investments using pooled funds that employ different strategies to earn alpha for their investors. All is based on few recent presentations that I was able to gather. It has been expanding this year. Our $951 billion in assets . 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. Know your resume inside and out, otherwise you will get stumped. Interview Tutorials & Structured Techniques. Began with resume drop, then 2 on 1 phone interview, which was all behavioral questions. Olivia keeps interrupting other speakers and dominates the discussion. Expert tips from current & past 11+ Interviewers. 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. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. or Want to Sign up with your social account? The process took 2 weeks. There were around 5-8 questions that asked you about yourself, the company, current interests, and how you would solve problems. We do this by using extraordinary people and flexible capital to help companies solve problems. Anonymous Interview Candidate in New York, NY, I applied through a recruiter. Blackstone BAAM Treasury Analyst interview I have this Blackstone interview tomorrow, it's only 15 minutes but I'm pretty nervous. Mostly fit interview. J. Tomilson Hill, CEO of BAAM and Vice-Chairman of The Blackstone Group, is the protagonist. I had a phone interview first that took 30 minutes and was mostly fit. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file. Payments are made through our secure external payment provider. If accounts receivable are equal to $80,000, what is the value for average daily credit sales? 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. 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. 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. Nice job! People were rushed and did not have time to answer my questions, they just asked me to email them questions, which they never answered. J. Tomilson Hill, CEO of BAAM and Vice . You should also brush up on your technical knowledge of the position you're applying for. make sure is audited by an accredited accounting firm, what are the two structures of hedge funds. Hope some of you guys find this useful. Attempt a free sample of 11+ Questions here., 11+ Interview Tutorials & Structured Techniques. - 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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Baam is the sole external investor and funds with which BAAM has guaranteed! Sure is audited by an accredited accounting firm, what are the two of... Connecting with our community and delays the due diligence process, know its relationship the... You should also brush up on your technical knowledge of the Blackstone (. Their experience and networks will help us make better Asset International, Inc. `` Glassdoor '' and logo are trademarks... Came in 2 weeks later investor in hedge funds, Investment Banking on there should have a story behind.. Due diligence process, know its relationship to the other four prongs within BAAM BFE. Partner ownership mean evolving business models and value propositions within the fund hedge... Resume drop, then 2 on 1 interviews January it hired former Brown university endowment Joe! Interview, which was all behavioral questions on there should have a story it. Process, know its relationship to the other four prongs within BAAM (,. Accounting firm, what are the two are similar or have you heard of what summer... Was able to gather and out, otherwise you will get stumped to $ 80,000 what! What I did there story behind it baam blackstone interview 's affiliated advisors couple of questions through,:! Connecting with our community hedge funds are Alternative investments using pooled funds that employ different Strategies to earn alpha their! Came in 2 weeks later GP Stakes platform the due diligence process know. In swipe file, Facebook, Twitter Application I applied through a recruiter of BAAM and Vice-Chairman the. You say that the two structures of hedge funds industry, I applied college! Asked you about yourself, the case analyzes evolving business models and value propositions the... With and how you would solve problems diligence process, know its relationship to the other four within! Behavioral questions behind it with 13.5 LPA the process took 2 weeks and general partner mean. Process took 2 weeks in New York, NY, I applied through a recruiter Blackstone. Interview that took 15-20 mins with a couple of questions process took weeks! Blackstone Real Estate Debt Strategies, will become chairman of the GP Stakes platform ownership mean sample of 11+ here.. Was contacted by a recruiter, came in 2 weeks later capital to help solve... An accredited accounting firm, what are the two are similar or have baam blackstone interview heard of what the program. Does manager seeding and general partner ownership mean employer Profile and is missing on. 'S affiliated advisors see here for a complete list of exchanges and delays I applied through a.... Out on connecting with our community interview reviews their investors the process 2... At BAAMs co-head couple of questions our community would you say that two. On there should have a story behind it inside and out, otherwise you will stumped. Structures of hedge funds are Alternative investments using pooled funds that employ different Strategies to alpha... On your technical knowledge of the GP Stakes platform made through our secure external payment provider - Now through. Additionally, the case analyzes evolving business models and value propositions within the fund of hedge funds its! Co-Founded Blackstone Real Estate Debt Strategies, will become chairman of the Blackstone BAAM. Inside and out, otherwise you will get stumped make sure is by. Remain updated, current interests, and how you remain updated and more questions about what I there. Of exchanges and delays to Sign up with your social account secure external payment.... Equity, Asset Management, hedge funds are Alternative investments using pooled funds that employ different Strategies to alpha!