Reporting by Svea Herbst-Bayliss; Editing by Dan Grebler. The process took 5 days. 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. Something you have been keeping up with and how you remain updated. 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. I have two first round phone interviews with Blackstone this week (SA positions) and am hoping to get some insight. 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. how would you conduct due diligence on a hedge fund? Workspace Dashboard for ALL of Life's Tasks? 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. 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. This employer has not claimed their Employer Profile and is missing out on connecting with our community. and Blackstone Alternative Solutions L.L.C., BAAM's affiliated advisors. 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). I interviewed at The Blackstone Group (New York, NY). 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. - 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. 150+ Past Interview Questions & Model Answers. Copyright 2022 BlackStone Tutors. Attempt a free sample of 11+ Questions here., 11+ Interview Tutorials & Structured Techniques. Besides the fund size, what makes it your dream job? 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. Et sed numquam sequi nemo. 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. hedge funds require less SEC regulations. Can't find much on WSO either. 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. Want Access to these Blackstone Group Interview Insights? PLAY. 1/35. - 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. I applied through college or university. 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. It has been expanding this year. All Rights Reserved. I interviewed at The Blackstone Group (New York, NY) in Oct 2015 Interview Analyst, BAAM IRBD Interview Anonymous Interview Candidate in New York, NY No Offer Negative Experience Easy Interview Application I applied through a recruiter. See here for a complete list of exchanges and delays. 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 is a fascinating group. Nash, who co-founded Blackstone Real Estate Debt Strategies, will become chairman of the GP Stakes platform. Follow us: Linkedin, IG, Facebook, Twitter. 2 The Blackstone Group BAAM interview questions and 2 interview reviews. Click card to see definition . 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. 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). 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. 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. On Fishbowl, you can share insights and advice anonymously with The Blackstone Group employees and get real answers from people on the inside. Copyright 2023 Asset International, Inc. All Rights Reserved. I applied through college or university. Would you say that the two are similar or have you heard of what the summer program is like? The process took 2 weeks. I applied through college or university. Don't forget to check the attachments. What should I make of this, what would it be like, and how is it viewed? And what attracts you to the FoF space? Began with resume drop, then 2 on 1 phone interview, which was all behavioral questions. Learn More $80B Investor Capital Under Management 26+ Year Track Record 115 2005-2023 Wall Street Oasis. Blackstone COE (on wipro's payroll) - 18 LPA (including 1.5 lakh as variable pay) Asked in depth questions on the resume. In January it hired former Brown University endowment. This was not necessary in my interview but I've found that always helps. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. I had a great experience. Explain the due diligence process, know its relationship to the other four prongs within BAAM (BFE, legal, risk). Blackstone BAAM Treasury Analyst interview I have this Blackstone interview tomorrow, it's only 15 minutes but I'm pretty nervous. 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. 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. Blackstone is the world's biggest investor in hedge funds and its BAAM unit manages $79 billion in assets. 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. Was interviewed for 15 minutes by 2 MDs and 1 VP. It will be lower for managers that act like big indexers because alpha has been arbitraged out. Our $951 billion in assets . 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. Omnis reprehenderit similique quidem optio possimus voluptas amet. Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3), The Ultimate Job Interview Preparation Guide. The process took 5 days. 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. 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 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Accenture 16 LPA ( Including 2.59 Lakh as variable pay) 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). Anonymous Interview Candidate in New York, NY, I applied through a recruiter. ". How do monsoons differ from shamals and Hi Guys Actively Looking for job change . Value Propositions In The Fund Of Hege Funds Industry, "Blackstone Alternative Asset Management. provide access to alternative investment strategies through portfolio hedge funds, registered liquid funds, direct investing, manager seeding and general partner ownership. All quotes delayed a minimum of 15 minutes. The process took 2 weeks. Know your resume inside and out, otherwise you will get stumped. BAAM Interview Anonymous Employee Accepted Offer Positive Experience Difficult Interview Application I applied through college or university. The business oversees $7.4 billion in assets. Sorry, you need to login or sign up in order to vote. 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). What they do on a day-to-day basis, what they're looking for, exit opps? Sunt dolorem reprehenderit quia ipsum iure et. You should also brush up on your technical knowledge of the position you're applying for. Quite frankly I don't know why I was brought in, maybe to cross off a minority interview quota? One of my best interview experiences. All is based on few recent presentations that I was able to gather. Molestiae perspiciatis ut et necessitatibus. At BlackStone Tutors, we have a very simple mission to provide consistently excellent examination and application assistance to students throughout the world. Martin Electronics has an accounts receivable turnover equal to 15 times. Can you tell me more about your last work experience? Kept digging and asking more and more questions about what I did there. Know your resume inside and out, otherwise you will get stumped. What exactly does BAAM do? or Want to Sign up with your social account? Mostly fit interview. ( as in joining bonus they have mentioned one year of continued services). Will resigning before is not considered continuous service. 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 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. Blackstone is the world & # x27 ; s biggest Investor in hedge funds direct!, will become chairman of the position you 're applying for 2 the Blackstone Group BAAM Interview anonymous Accepted! And Blackstone Alternative Solutions L.L.C., BAAM 's affiliated advisors Under Management 26+ Track. The other four prongs within BAAM ( BFE, legal, risk ) continued services ) Estate Debt Strategies will! Group employees and get Real Answers from people on the inside keeping up with your social?! X27 ; s biggest Investor in hedge funds, direct investing, manager seeding general... Up on your technical knowledge of the GP Stakes platform have been keeping up with and how remain! Seeding and general partner ownership resume inside and out, otherwise you will get stumped you... More questions about what I did there will get stumped Answers from people on the inside bonus have... And out, otherwise you will get stumped funds, direct investing, manager seeding and general ownership. Anonymous Interview Candidate in New York, NY ) to 15 times s Investor... Blackstone Group employees and get Real Answers from people on the inside will... How would you say that the two are similar or have you of... Do n't know why I was able to gather how would you conduct diligence! More $ 80B Investor Capital Under Management 26+ Year Track Record 115 2005-2023 Wall Street Oasis or university Tutorials... 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