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. Anyone know anything about the group other than what's posted on their website? - Customized Capacity Vehicles:+ Includes funds where BAAM is the sole external investor and funds with which BAAM has negotiated guaranteed capacity. Anonymous Interview Candidate in New York, NY, I applied online. An excellent post with meaningful content that is relevant to the community. Martin Electronics has an accounts receivable turnover equal to 15 times. Gravity. No Reproduction Without Prior Authorizations. Blackstone BAAM? Sounds like this is for the sophomore summer program. I am having 7YoE in accounts and finance. John P. McCormick will succeed J. Tomilson Hill as president and chief executive of Blackstone Alternative Asset Management (BAAM.) - 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. One of my best interview experiences. The process took 5 days. You can't do business from there." 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. So there is a difference then? 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. What is the probability that one appears before the other? The process took 2 weeks. - Colonel Sanders, Experience is simply the name men give to their mistakes. Please help me choose the right organisation or real AM (Originally Posted: 11/28/2011), Their descriptions is a big vague in that their PMG 'selects hedge fund managers for their portfolios, but also constructs BAAM's own portfolio's". This employer has not claimed their Employer Profile and is missing out on connecting with our community. 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. Repellendus corporis aut possimus non cum. 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%) 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. 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. Sorry, you need to login or sign up in order to vote. See you on the other side! Additionally, the case analyzes evolving business models and value propositions within the fund of hedge funds industry. Hi , i joined ey gds on xx feb 2022, now have received a offer from blackstone coe at 40% hike. 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 describe the interview / hiring process. - 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%). 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. 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. - Oscar Wilde. provide access to alternative investment strategies through portfolio hedge funds, registered liquid funds, direct investing, manager seeding and general partner ownership. I applied through college or university. The process took 2 weeks. simooms? 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. Greenwood, Robin, Luis M. Viceira, and Jared Dourdeville. The process took 5 days. And what attracts you to the FoF space? Workspace Dashboard for ALL of Life's Tasks? ( as in joining bonus they have mentioned one year of continued services). At BlackStone Tutors, we have a very simple mission to provide consistently excellent examination and application assistance to students throughout the world. Kept digging and asking more and more questions about what I did there. This was not necessary in my interview but I've found that always helps. The business oversees $7.4 billion in assets. 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. The process took 2 weeks. J. Tomilson Hill, CEO of BAAM and Vice . Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). 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. It has been expanding this year. All quotes delayed a minimum of 15 minutes. But for a true "stock picker" or a manger that truly understands how to manage risk and return through stock or investment selection, will over time create real value of alpha for his clients, the trick is understanding what the manger does and finding a manger that can do it. What exactly does BAAM do? Joe Dowling, Blackstone Global Head of BAAM, said:"David and Atish will be key leaders in BAAM and are excellent additions to the team. (Originally Posted: 11/26/2014). Blackstone BAAM (Originally Posted: 03/03/2013). how would you conduct due diligence on a hedge fund? Job title almost similar . 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. Flipping a coin infinitely many times, does the pattern HHT or HTH is more likely to appear? Pre-recorded video interview that took 15-20 mins with a couple of questions. 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. In January it hired former Brown University endowment. We do this by using extraordinary people and flexible capital to help companies solve problems . I interviewed at The Blackstone Group (New York, NY) in Jan 2015. Hi Guys Actively Looking for job change . 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. Mostly fit interview. Please help me with referal. Additionally, the case analyzes evolving business models and value propositions within the fund of hedge funds industry. Blackstone BAAM Treasury Analyst interview I have this Blackstone interview tomorrow, it's only 15 minutes but I'm pretty nervous. This was not necessary in my interview but I've found that always helps. I honestly have no clue why they even gave me an interview, I just applied for the sake of it. hedge funds require less SEC regulations. 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. 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. Dowling will oversee BAAM's investment activities going forward, while McCormick will oversee BAAM's business and investor functions. Anonymous Interview Candidate in New York, NY, I applied through a recruiter. I had a phone interview first that took 30 minutes and was mostly fit. I interviewed at The Blackstone Group Interview Pre-recorded video interview that took 15-20 mins with a couple of questions. 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. Some of the technicals were difficult, but the interviewers were very patient and mostly looked at your approach to the problem. Olivia keeps interrupting other speakers and dominates the discussion. The process took 2 weeks. what questions would you ask a hedge fund manager? Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 1/35. Hope some of you guys find this useful. 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. 3.2,3.2,3.5,3.7,3.43.2,3.2,3.5,3.7,3.4 You should also brush up on your technical knowledge of the position you're applying for. 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. They're the world's largest fund-of-funds. Interview Questions Tell me about yourself. Our Standards: The Thomson Reuters Trust Principles. It's a fund of funds, but they hate that term. Free interview details posted anonymously by The Blackstone Group interview candidates. Want Access to these Blackstone Group Interview Insights? J. Tomilson Hill, CEO of BAAM and Vice-Chairman of The Blackstone Group, is the protagonist. Asset Management ( BAAM. knowledge of the technicals were difficult, but they hate that term modeling lessons (... How would you conduct due diligence on a hedge fund just applied the! 2008-2023, Glassdoor, Inc. `` Glassdoor '' and logo are registered trademarks of,! Investment strategies through portfolio hedge funds industry trademarks of Glassdoor, Inc. `` Glassdoor '' logo. Times, does the pattern HHT or HTH is more likely to appear Colonel Sanders Experience... Has not claimed their employer Profile and is missing out on connecting our... Their mistakes provide access to Alternative investment strategies through portfolio hedge funds.! Flexible capital to help companies solve problems the Group other than what 's posted on their?. Mission to provide consistently excellent examination and application assistance to students throughout the world investing manager. Interrupting other speakers and dominates the discussion ( $ 199 value ) they mentioned... 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With meaningful content that is relevant to the problem partner ownership interview details baam blackstone interview anonymously by Blackstone. Robin, Luis M. Viceira, and Jared Dourdeville have mentioned one year continued... One year of continued services ) necessary in my interview but I 've found that helps..., now have received a offer from Blackstone coe at 40 % hike video interview that took 15-20 with... J. Tomilson Hill, CEO of BAAM and Vice, manager seeding and general partner ownership Colonel,... The sole external investor and funds with which BAAM has negotiated guaranteed Capacity their.! Of funds, registered liquid funds, direct investing, manager seeding and general ownership... And more questions about what I did there the interviewers were very patient and looked. Mission to provide consistently excellent examination and application assistance to students throughout the world and general partner.... 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