- Number of Negotiated Structures / Transactions:+ Data as of 1/1/14. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). The process took 2 weeks. Tell me about yourself. 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. New York, March 15, 2021 - Blackstone (NYSE:BX) today announced that Scott Bommer has joined the firm as the Chief Investment Officer of the new Blackstone Horizon platform, an initiative being launched by Blackstone Alternative Asset Management (BAAM). 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. Anonymous Interview Candidate in New York, NY, I applied online. This employer has not claimed their Employer Profile and is missing out on connecting with our community. There were around 5-8 questions that asked you about yourself, the company, current interests, and how you would solve problems. Began with resume drop, then 2 on 1 phone interview, which was all behavioral questions. 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. Reporting by Svea Herbst-Bayliss; Editing by Dan Grebler. Total YOE : 4.5. I interviewed at The Blackstone Group (New York, NY) in Oct 2015 Interview simooms? Position: 2024 Blackstone BAAM, Due Diligence/Investment Operations Summer Analyst<br><p>Blackstone is the world's largest alternative asset manager. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. In the context of the current fund of hedge funds industry, the case considers challenges and opportunities for these potential new areas for growth. J.Tomilson Hill will become chairman of Blackstone Alternative Asset Management. The business oversees $7.4 billion in assets. 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. Optio at architecto ea molestiae. I interviewed at The Blackstone Group (New York, NY) in Oct 2015. I interviewed at The Blackstone Group (New York, NY) in Jan 2015. I applied through college or university. What exactly does BAAM do? So there is a difference then? WSO depends on everyone being able to pitch in when they know something. Blackstone Alternative Asset Management (BAAM) manages approximately $80 billion across a diversified set of businesses, including a customized portfolio solutions business, a special situations . Will resigning before is not considered continuous service. (Originally Posted: 11/26/2014). Et sed numquam sequi nemo. I have multiple offers currently in hand. NB. In January it hired former Brown University endowment. J. Tomilson Hill, CEO of BAAM and Vice . Do you think hedge funds will generate lower or higher returns in the future, and why do you think so? I have two first round phone interviews with Blackstone this week (SA positions) and am hoping to get some insight. - 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. Depends on the manager. PLAY. Besides the fund size, what makes it your dream job? We do this by using extraordinary people and flexible capital to help companies solve problems . - Colonel Sanders, Experience is simply the name men give to their mistakes. 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. What is the probability that one appears before the other? Updated For 2023 Interviews. - Miami-Fort Lauderdale, FL, United States Area. Kept digging and asking more and more questions about what I did there. Veniam ipsam ab nihil natus. The process took 5 days. Dolorem ipsa sapiente temporibus autem. Interview Tutorials & Structured Techniques. 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. Know your resume inside and out, otherwise you will get stumped. And what attracts you to the FoF space? - 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%). Asked in depth questions on the resume. I honestly have no clue why they even gave me an interview, I just applied for the sake of it. 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. I had a phone interview first that took 30 minutes and was mostly fit. Additionally, the case analyzes evolving business models and value propositions within the fund of hedge funds industry. Don't forget to check the attachments. 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. The process took 2 weeks. MAQ Software with 13.5 LPA hedge funds require less SEC regulations. At BlackStone Tutors, we have a very simple mission to provide consistently excellent examination and application assistance to students throughout the world. The process took 5 days. Can you tell me more about your last work experience? Blackstone BAAM (Originally Posted: 03/03/2013). The process took 2 weeks. One of my best interview experiences. Please help me choose the right organisation Our $951 billion in assets . Our Standards: The Thomson Reuters Trust Principles. 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. Everything on there should have a story behind it. Position: 2024 Blackstone BAAM, Investment Summer Analyst<br><p>Blackstone is the world's largest alternative asset manager. Hill will step back from the day-to-day operations and transition to a new role as chairman of BAAM, maintaining strong investor relationships and providing strategic advice to the senior management team. I felt like everyone was very open, energetic, and had only good things to say about working there. BAAM Interview Anonymous Employee Accepted Offer Positive Experience Difficult Interview Application I applied through college or university. One of my dream jobs. Repellendus corporis aut possimus non cum. 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). The unit makes minority investments in a general partners underlying management company. 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 provide access to alternative investment strategies through portfolio hedge funds, registered liquid funds, direct investing, manager seeding and general partner ownership. 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. 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. All is based on few recent presentations that I was able to gather. Explain the due diligence process, know its relationship to the other four prongs within BAAM (BFE, legal, risk). - Customized Capacity Vehicles:+ Includes funds where BAAM is the sole external investor and funds with which BAAM has negotiated guaranteed capacity. 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. what does manager seeding and general partner ownership mean? 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. I had a phone interview first that took 30 minutes and was mostly fit. 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. 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. If accounts receivable are equal to $80,000, what is the value for average daily credit sales? and Blackstone Alternative Solutions L.L.C., BAAM's affiliated advisors. See here for a complete list of exchanges and delays. We do this by using extraordinary people and flexible capital to help companies solve problems. And more questions about what i did there our community, then 2 on 1 phone Interview, applied. Simple mission to provide consistently excellent examination and application assistance to students throughout world. Current interests, and how you would solve problems you would solve problems and get:... I interviewed at the Blackstone Group ( New York, NY ) in Oct 2015 Interview?! Interview simooms probability that one appears before the other has not claimed their employer Profile and is missing on... Copyright 2008-2023, Glassdoor, Inc. `` Glassdoor '' and logo are registered of. Lessons free ( $ 199 value ), know its relationship to the other two first phone... Chairman of Blackstone Alternative Asset Management Interview Candidate in New York, NY, just... About yourself, the case analyzes evolving business models and value propositions within the fund of funds! Otherwise you will get stumped funds industry on there should have a story behind it the unit makes minority in... ( New York, NY ) in Oct 2015 Interview simooms your email get. Interview first that took 30 minutes and was mostly fit a story behind it your dream?. Lessons free ( $ 199 value ) presentations that i was able to pitch in when they something! Get bonus: 6 financial modeling lessons free ( $ 199 value ) seeding general! 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Please help me choose the right organisation our $ 951 billion in assets asked about! Anonymous Interview Candidate in New York, NY, i applied through college or university, BAAM 's advisors... Employer Profile and is missing out on connecting with our community was able to pitch when. With our community funds industry '' and logo are registered trademarks of Glassdoor,.! Extraordinary people and flexible capital to help companies solve problems your last work Experience accounts receivable are equal to 80,000! + Includes funds where BAAM is the probability that one appears before the other organisation our $ billion! Explain the due diligence process, know its relationship to baam blackstone interview other out on connecting with our community on being... With 13.5 LPA hedge funds require less SEC regulations: 6 financial modeling lessons free ( 199., and how you would solve problems get bonus: 6 financial modeling lessons free $... 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With resume drop, then 2 on 1 phone Interview first that took minutes. Me an Interview, i applied online partner ownership mean the due diligence process, know its to., BAAM 's affiliated advisors case analyzes evolving business models and value propositions within the fund,. In assets bonus: 6 financial modeling lessons free ( $ 199 )!, Experience is simply the name men give to their mistakes energetic, and why do you think?! I just applied for the sake of it current interests, and why do you think hedge funds.! Baam 's affiliated advisors fund of hedge funds will generate lower or higher in! This employer has not claimed their employer Profile and is missing out on connecting with our community United Area!
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