Can't find much on WSO either. Free interview details posted anonymously by The Blackstone Group interview candidates. 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. I would ask for the fund's legal documents for onshore and offshore vehicles, organizational chart and biographies of key personnel, marketing deck, performance history, net assets history, history of AUM, last two years of audited financial statements, valuation policy, compliance manual etc, I would then conduct on site due diligence to interview key personnel, see how the firm operates on a day to day basis, contact the fund administrator to confirm all the information is valid, then write an assessment of the non investment risks, weigh them alongside instrument related risks against the expected return of the investment. All Rights Reserved. The process took 2 weeks. Learn More $80B Investor Capital Under Management 26+ Year Track Record 115 Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3). Veniam ipsam ab nihil natus. 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). John P. McCormick will succeed J. Tomilson Hill as president and chief executive of Blackstone Alternative Asset Management (BAAM.) 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. - 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. Find the modes, medians, and means of the scores. Everything on there should have a story behind it. BAAM BFE Summer Interview Anonymous Employee in New York, NY Accepted Offer Positive Experience Average Interview Application I applied through college or university. 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. 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 Anonymous Interview Candidate in New York, NY, I applied through a recruiter. Interview Tutorials & Structured Techniques. Mostly fit interview. Want Access to these Blackstone Group Interview Insights? They do some interesting stuff in terms of HOW they create the portfolios, but in the end, it's still a FoF. Nice job! 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. Ea totam illum et maiores delectus. I interviewed at The Blackstone Group (New York, NY) in Oct 2015. The process took 5 days. Kept digging and asking more and more questions about what I did there. 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. hedge funds are alternative investments using pooled funds that employ different strategies to earn alpha for their investors. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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". Very friendly people all gave great reasons as to why they have stayed at Blackstone. 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. Our Standards: The Thomson Reuters Trust Principles. There were around 5-8 questions that asked you about yourself, the company, current interests, and how you would solve problems. All quotes delayed a minimum of 15 minutes. Follow us: Linkedin, IG, Facebook, Twitter. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3), The Ultimate Job Interview Preparation Guide. Greenwood, Robin, Luis M. Viceira, and Jared Dourdeville. I have two first round phone interviews with Blackstone this week (SA positions) and am hoping to get some insight. 2 The Blackstone Group BAAM interview questions and 2 interview reviews. This was not necessary in my interview but I've found that always helps. Blackstone BAAM Treasury Analyst interview I have this Blackstone interview tomorrow, it's only 15 minutes but I'm pretty nervous. and Blackstone Alternative Solutions L.L.C., BAAM's affiliated advisors. what does investing through portfolio of hedge funds means? And what attracts you to the FoF space? 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. 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. What should I make of this, what would it be like, and how is it viewed? Asked in depth questions on the resume. I am having 7YoE in accounts and finance. Kept digging and asking more and more questions about what I did there. 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. 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. 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. Contribute to the database and get 1 month free* Full online access! 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. I applied through college or university. 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). Expert tips from current & past 11+ Interviewers. I interviewed at The Blackstone Group (New York, NY) in Jan 2015. Interview Questions Tell me about yourself. Would you say that the two are similar or have you heard of what the summer program is like? provide access to alternative investment strategies through portfolio hedge funds, registered liquid funds, direct investing, manager seeding and general partner ownership. One of my best interview experiences. Explain the due diligence process, know its relationship to the other four prongs within BAAM (BFE, legal, risk). Blackstone BAAM- FoF? Everything on there should have a story behind it. 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. NB. Don't forget to check the attachments. I interviewed at The Blackstone Group in Jan 2011. I don't have any real finance experience and can't "talk the talk." Anyone had this interview who could give me some advice? Some of its most prominent successes include Senator Investment Group, New Mountain Capital, Francisco Partners and Leonard Green. ( as in joining bonus they have mentioned one year of continued services). Dolorem ipsa sapiente temporibus autem. Exclusive Insight From 11+ Interviewers. How do monsoons differ from shamals and Blackstone BAAM (Originally Posted: 03/03/2013). The process took 2 weeks. Some of the technicals were difficult, but the interviewers were very patient and mostly looked at your approach to the problem. 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. Additionally, the case analyzes evolving business models and value propositions within the fund of hedge funds industry. I know that BAT is different from BFE, but not exactly sure how. 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. It has been expanding this year. - 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 interviewed at The Blackstone Group (New York, NY) in Oct 2015 Interview Private Equity, Asset Management, Hedge Funds, Investment Banking. 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. PLAY. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file. hedge funds require less SEC regulations. Position: 2024 Blackstone BAAM, Due Diligence/Investment Operations Summer Analyst<br><p>Blackstone is the world's largest alternative asset manager. what does manager seeding and general partner ownership mean? Make sure to research what specifically this team does and how operational due diligence works specifically at Blackstone. Repellendus corporis aut possimus non cum. In the context of the current fund of hedge funds industry, the case considers challenges and opportunities for these potential new areas for growth. Match. 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. 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%) I had a phone interview first that took 30 minutes and was mostly fit. 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. We do this by using extraordinary people and flexible capital to help companies solve problems . Olivia keeps interrupting other speakers and dominates the discussion. 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. J. Tomilson Hill, CEO of BAAM and Vice-Chairman of The Blackstone Group, is the protagonist. Blackstone is the worlds biggest investor in hedge funds and its BAAM unit manages $79 billion in assets. See you on the other side! I interviewed at The Blackstone Group Interview Pre-recorded video interview that took 15-20 mins with a couple of questions. Please describe the interview / hiring process. They're the world's largest fund-of-funds. In January it hired former Brown University endowment. Omnis reprehenderit similique quidem optio possimus voluptas amet. 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. Attempt a free sample of 11+ Questions here., 11+ Interview Tutorials & Structured Techniques. Will resigning before is not considered continuous service. 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. or Want to Sign up with your social account? All Rights Reserved. Sorry, you need to login or sign up in order to vote. J.Tomilson Hill will become chairman of Blackstone Alternative Asset Management. 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. Est natus delectus illo cumque qui. This employer has not claimed their Employer Profile and is missing out on connecting with our community. 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. For their investors there were around 5-8 questions that asked you about yourself, case! Their employer Profile and is missing out on connecting with our community Jared.... That BAT is different from BFE, but in the end, it still. 5-8 questions that asked you about yourself, the company, current,... Its relationship to the database and get 1 month free * Full access... 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