I interviewed at The Blackstone Group in Jan 2011 Interview I had a great experience. Click card to see definition . 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. 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. Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3). how would you conduct due diligence on a hedge fund? Gravity. 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. Quantitative Strategist (Vice President). 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. 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. In January it hired former Brown University endowment. You can't do business from there." Flipping a coin infinitely many times, does the pattern HHT or HTH is more likely to appear? 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. Please help me choose the right organisation - Oscar Wilde. Anonymous Interview Candidate in New York, NY, I applied online. Everything on there should have a story behind it. 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 In January it hired former Brown University endowment chief Joe Dowling to join John McCormick at BAAMs co-head. Olivia keeps interrupting other speakers and dominates the discussion. Opens the Fishbowl by Glassdoor site in a new window, Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3). What exactly does BAAM do? 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. Blackstone COE (on wipro's payroll) - 18 LPA (including 1.5 lakh as variable pay) Veniam ipsam ab nihil natus. 3.2,3.2,3.5,3.7,3.43.2,3.2,3.5,3.7,3.4 The process took 2 weeks. Will resigning before is not considered continuous service. It will be lower for managers that act like big indexers because alpha has been arbitraged out. 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. Nice job! Accenture 16 LPA ( Including 2.59 Lakh as variable pay) Anonymous Interview Candidate in New York, NY, I applied through a recruiter. 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. - Colonel Sanders, Experience is simply the name men give to their mistakes. bump on day-to-day operations and analyst responsibilities. Asked in depth questions on the resume. 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. - CoInvestments (BSOF Transactions):+ Includes deals that have been funded by Blackstone Strategic Opportunity Funds or approved for investment as of 12/31/2013.+ Deals that have been approved for investment but not yet funded are not included in the percentage of BAAM AUM in negotiated structures. 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. 5 The Blackstone Group BAAM Analyst interview questions and 5 interview reviews. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). 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. Blackstone BAAM (Originally Posted: 03/03/2013). Blackstone BAAM Treasury Analyst interview I have this Blackstone interview tomorrow, it's only 15 minutes but I'm pretty nervous. You should also brush up on your technical knowledge of the position you're applying for. Martin Electronics has an accounts receivable turnover equal to 15 times. Would you say that the two are similar or have you heard of what the summer program is like? WSO depends on everyone being able to pitch in when they know something. And what attracts you to the FoF space? One is for their Alternative Asset Management Group (BAAM - hedge fund solutions) and the other is for Real Estate Debt Strategies (BREDS). Follow us: Linkedin, IG, Facebook, Twitter. 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). The process took 5 days. I applied through college or university. I then had one more slightly longer phone interview, followed by a final interview in New York. what does investing through portfolio of hedge funds means? simooms? Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). 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. This was not necessary in my interview but I've found that always helps. They're the world's largest fund-of-funds. Free interview details posted anonymously by The Blackstone Group interview candidates. I interviewed at The Blackstone Group in Jan 2011. J.Tomilson Hill will become chairman of Blackstone Alternative Asset Management. Please help me with referal. The process took 2 weeks. what does manager seeding and general partner ownership mean? Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3), The Ultimate Job Interview Preparation Guide. - 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%). BAAM Interview Anonymous Employee Accepted Offer Positive Experience Difficult Interview Application I applied through college or university. Very friendly people all gave great reasons as to why they have stayed at Blackstone. 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. Everything on there should have a story behind it. hedge funds are alternative investments using pooled funds that employ different strategies to earn alpha for their investors. 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. I interviewed at The Blackstone Group Interview Pre-recorded video interview that took 15-20 mins with a couple of questions. - Customized Capacity Vehicles:+ Includes funds where BAAM is the sole external investor and funds with which BAAM has negotiated guaranteed capacity. This employer has not claimed their Employer Profile and is missing out on connecting with our community. I interviewed at The Blackstone Group (New York, NY) in Oct 2015. Additionally, the case analyzes evolving business models and value propositions within the fund of hedge funds industry. All quotes delayed a minimum of 15 minutes. We do this by using extraordinary people and flexible capital to help companies solve problems . I interviewed at The Blackstone Group (New York, NY) Interview Was contacted by a recruiter, came in 2 weeks later. Quite frankly I don't know why I was brought in, maybe to cross off a minority interview quota? Omnis reprehenderit similique quidem optio possimus voluptas amet. Mostly behavioral questions and a few specifically on operational due diligence and roles within hedge funds. Analyst, BAAM IRBD Interview Anonymous Interview Candidate in New York, NY No Offer Negative Experience Easy Interview Application I applied through a recruiter. One of my best interview experiences. Position: 2024 Blackstone BAAM, Due Diligence/Investment Operations Summer Analyst<br><p>Blackstone is the world's largest alternative asset manager. or Want to Sign up with your social account? 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. What is the probability that one appears before the other? Some of the technicals were difficult, but the interviewers were very patient and mostly looked at your approach to the problem. Do you think hedge funds will generate lower or higher returns in the future, and why do you think so? Interested as well. It has been expanding this year. The unit makes minority investments in a general partners underlying management company. So there is a difference then? The process took 2 weeks. Siddiqui, also a senior managing director in Blackstones BAAM unit, has served as co-head of the business, known as the GP Stakes platform, alongside Soussa. 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. People were rushed and did not have time to answer my questions, they just asked me to email them questions, which they never answered. 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. Want to Sign up with your email and get bonus: 6 financial modeling lessons free ( $ value... Applying for anonymous interview Candidate in New York, NY ) interview was contacted by a recruiter, in. Reasons as to why they have stayed at Blackstone that the two are similar or have you heard what. 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