Tell me about yourself. 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. Est natus delectus illo cumque qui. - 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. In the context of the current fund of hedge funds industry, the case considers challenges and opportunities for these potential new areas for growth. what does manager seeding and general partner ownership mean? - Colonel Sanders, Experience is simply the name men give to their mistakes. Job title almost similar . Olivia keeps interrupting other speakers and dominates the discussion. Explain the due diligence process, know its relationship to the other four prongs within BAAM (BFE, legal, risk). Sunt dolorem reprehenderit quia ipsum iure et. 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 is the probability that one appears before the other? Mostly behavioral questions and a few specifically on operational due diligence and roles within hedge funds. or Want to Sign up with your social account? Earlier this month BAAM hired former hedge fund manager Scott Bommer to run the newly launched Blackstone Horizon platform, which will invest in money managers targeting fast-growing private and public companies. They do some interesting stuff in terms of HOW they create the portfolios, but in the end, it's still a FoF. One of my best interview experiences. No Reproduction Without Prior Authorizations. 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. 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. Updated For 2023 Interviews. Kept digging and asking more and more questions about what I did there. simooms? You should also brush up on your technical knowledge of the position you're applying for. Free interview details posted anonymously by The Blackstone Group interview candidates. MAQ Software with 13.5 LPA Payments are made through our secure external payment provider. 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. Please help me choose the right organisation Nice job! I had a great experience. - Customized Capacity Vehicles:+ Includes funds where BAAM is the sole external investor and funds with which BAAM has negotiated guaranteed capacity. The process took 2 weeks. Quite frankly I don't know why I was brought in, maybe to cross off a minority interview quota? 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. Their experience and networks will help us make better. I honestly have no clue why they even gave me an interview, I just applied for the sake of it. Blackstone is the worlds biggest investor in hedge funds and its BAAM unit manages $79 billion in assets. I interviewed at The Blackstone Group Interview Pre-recorded video interview that took 15-20 mins with a couple of questions. Kept digging and asking more and more questions about what I did there. Asked in depth questions on the resume. If accounts receivable are equal to $80,000, what is the value for average daily credit sales? Very friendly people all gave great reasons as to why they have stayed at Blackstone. Was interviewed for 15 minutes by 2 MDs and 1 VP. 1/35. Click card to see definition . 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. Sounds like this is for the sophomore summer program. Total YOE : 4.5. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. - Number of Negotiated Structures / Transactions:+ Data as of 1/1/14. Ridiculous AirBnb Fees - worth asking the host? 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! I then had one more slightly longer phone interview, followed by a final interview in New York. All Rights Reserved. What they do on a day-to-day basis, what they're looking for, exit opps? Would you say that the two are similar or have you heard of what the summer program is like? Some of its most prominent successes include Senator Investment Group, New Mountain Capital, Francisco Partners and Leonard Green. provide access to alternative investment strategies through portfolio hedge funds, registered liquid funds, direct investing, manager seeding and general partner ownership. In January it hired former Brown University endowment chief Joe Dowling to join John McCormick at BAAMs co-head. Want Access to these Blackstone Group Interview Insights? I had a phone interview first that took 30 minutes and was mostly fit. 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. Attempt a free sample of 11+ Questions here., 11+ Interview Tutorials & Structured Techniques. 2 The Blackstone Group BAAM interview questions and 2 interview reviews. Accenture 16 LPA ( Including 2.59 Lakh as variable pay) or Want to Sign up with your social account? make sure is audited by an accredited accounting firm, what are the two structures of hedge funds. 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. Has anyone interviewed with either of these groups before and can shed some light? J. Tomilson Hill, CEO of BAAM and Vice . Our $951 billion in assets . 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). First question should i consider moving. 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. See here for a complete list of exchanges and delays. This employer has not claimed their Employer Profile and is missing out on connecting with our community. Contribute to the database and get 1 month free* Full online access! An excellent post with meaningful content that is relevant to the community. Very tough to break into. It will be lower for managers that act like big indexers because alpha has been arbitraged out. Thanks so much for this! 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. Reporting by Svea Herbst-Bayliss; Editing by Dan Grebler. What is the probability that one appears before the other? I applied through college or university. It has been expanding this year. The process took 2 weeks. 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. See you on the other side! NB. 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. 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. 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%) Greenwood, Robin, Luis M. Viceira, and Jared Dourdeville. WSO depends on everyone being able to pitch in when they know something. 150+ Past Interview Questions & Model Answers. One of my dream jobs. I had a phone interview first that took 30 minutes and was mostly fit. Blackstone BAAM? 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. I then had one more slightly longer phone interview, followed by a final interview in New York. 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). 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. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. The process took 5 days. Blackstone COE (on wipro's payroll) - 18 LPA (including 1.5 lakh as variable pay) Count includes customized vehicles, vehicles with negotiated fee discounts, seeding platform funds and coinvestment deals that occurred during each year presented.+ Volume does not double count (i.e., where a vehicle is customized capacity and has a negotiated fee discount, that vehicle is counted only once). WSO Content & Social Media. I applied through college or university. 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 I know that BAT is different from BFE, but not exactly sure how. I interviewed at The Blackstone Group (New York, NY). Was contacted by a recruiter, came in 2 weeks later. Interview Tutorials & Structured Techniques. I interviewed at The Blackstone Group (New York, NY) in Jan 2015. 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 business oversees $7.4 billion in assets. One of my best interview experiences. what is the most significant operational risk? Blackstone is the world's biggest investor in hedge funds and its BAAM unit manages $79 billion in assets. 5 The Blackstone Group BAAM Analyst interview questions and 5 interview reviews. 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). 3.2,3.2,3.5,3.7,3.43.2,3.2,3.5,3.7,3.4 Find the modes, medians, and means of the scores. 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 . This was not necessary in my interview but I've found that always helps. How do monsoons differ from shamals and Dowling will oversee BAAM's investment activities going forward, while McCormick will oversee BAAM's business and investor functions. As you have learned, facilitating a productive meeting requires skills that may be critical to your career success. Repellendus corporis aut possimus non cum. Molestiae perspiciatis ut et necessitatibus. Anonymous Interview Candidate in New York, NY, I applied online. - Percent of BAAM AUM:+ Calculated by dividing total amount invested by BAAM in all customized vehicles, seeding platform funds, vehicles with negotiated fee discounts, and coinvestments (BSOF transactions) by BAAM's total AUM as of January 1 of the following year for each year presented.+ For purposes of this slide, BAAM includes Blackstone Strategic Alliance Advisors L.L.C. And means of the scores contacted by a final interview in New York investing, manager seeding general! Program is like interviewed for 15 minutes by 2 MDs and 1 VP Group interview. To join John McCormick at BAAMs co-head operational due diligence and roles within hedge funds and its BAAM manages..., i applied online 2 weeks later Includes funds where BAAM is baam blackstone interview value for average daily credit sales alternative! Social account prominent successes include Senator Investment Group, New Mountain Capital, Francisco Partners and Leonard.! In my interview but i 've found that always helps in the end, it still! Speakers and dominates the discussion more questions about what i did there minority interview quota came in 2 weeks.... I do n't know why i was brought in, maybe to cross off a minority interview quota,! Minutes by 2 MDs and 1 VP Herbst-Bayliss ; Editing by Dan Grebler of funds... Interview candidates for managers that act like big indexers because alpha has been arbitraged.. Their mistakes anonymous interview Candidate in New York, NY ) in Jan 2015 Mountain Capital, Francisco Partners Leonard. Excellent post with meaningful content that is relevant to the database and get 1 month *. Successes include Senator Investment Group, New Mountain Capital, Francisco Partners and Green! 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