provide access to alternative investment strategies through portfolio hedge funds, registered liquid funds, direct investing, manager seeding and general partner ownership. BAAM BFE Summer Interview Anonymous Employee in New York, NY Accepted Offer Positive Experience Average Interview Application I applied through college or university. Nash, who co-founded Blackstone Real Estate Debt Strategies, will become chairman of the GP Stakes platform. If accounts receivable are equal to $80,000, what is the value for average daily credit sales? 5 The Blackstone Group BAAM Analyst interview questions and 5 interview reviews. Has anyone interviewed with either of these groups before and can shed some light? Blackstone is the worlds biggest investor in hedge funds and its BAAM unit manages $79 billion in assets. It has been expanding this year. 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). No Reproduction Without Prior Authorizations. I interviewed at The Blackstone Group (New York, NY) Interview Was contacted by a recruiter, came in 2 weeks later. BAAM is a fascinating group. BAAM Interview Anonymous Employee Accepted Offer Positive Experience Difficult Interview Application I applied through college or university. Pre-recorded video interview that took 15-20 mins with a couple of questions. Please describe the interview / hiring process. Payments are made through our secure external payment provider. Began with resume drop, then 2 on 1 phone interview, which was all behavioral questions. 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. Very tough to break into. This employer has not claimed their Employer Profile and is missing out on connecting with our community. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Total YOE : 4.5. 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 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%) J. Tomilson Hill, CEO of BAAM and Vice . Sounds like this is for the sophomore summer program. All Rights Reserved. I felt like everyone was very open, energetic, and had only good things to say about working there. what does manager seeding and general partner ownership mean? Tell me about yourself. It has been expanding this year. Some of its most prominent successes include Senator Investment Group, New Mountain Capital, Francisco Partners and Leonard Green. Et sed numquam sequi nemo. or Want to Sign up with your social account? All is based on few recent presentations that I was able to gather. J.Tomilson Hill will become chairman of Blackstone Alternative Asset Management. WSO Content & Social Media. Anonymous Interview Candidate in New York, NY, I applied through a recruiter. 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. Something you have been keeping up with and how you remain updated. Some of the technicals were difficult, but the interviewers were very patient and mostly looked at your approach to the problem. Depends on the manager. Updated For 2023 Interviews. Flipping a coin infinitely many times, does the pattern HHT or HTH is more likely to appear? 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. and Blackstone Alternative Solutions L.L.C., BAAM's affiliated advisors. Additionally, the case analyzes evolving business models and value propositions within the fund of hedge funds industry. This employer has not claimed their Employer Profile and is missing out on connecting with our community. Hi Guys Actively Looking for job change . I had a phone interview first that took 30 minutes and was mostly fit. One of my best interview experiences. Job title almost similar . Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. The process took 5 days. Interested as well. or Want to Sign up with your social account? 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. what does investing through portfolio of hedge funds means? WSO depends on everyone being able to pitch in when they know something. You should also brush up on your technical knowledge of the position you're applying for. 2005-2023 Wall Street Oasis. Free interview details posted anonymously by The Blackstone Group interview candidates. Anonymous Interview Candidate in New York, NY, I applied online. Tags: Blackstone Alternative Asset Management, Hedge Fund, J. Tomilson Hill, John P. McCormick, Fidelity Eyes Chinese Mutual, Pension Fund Markets, 702 King Farm Boulevard, Suite 400, Rockville, MD 20850 / +1 212-944-4455 /. Blackstone is the world's biggest investor in hedge funds and its BAAM unit manages $79 billion in assets. Accenture 16 LPA ( Including 2.59 Lakh as variable pay) Kept digging and asking more and more questions about what I did there. Private Equity, Asset Management, Hedge Funds, Investment Banking. You should also brush up on your technical knowledge of the position you're applying for. 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). - 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. Our Standards: The Thomson Reuters Trust Principles. This employer has not claimed their Employer Profile and is missing out on connecting with our community. - Customized Capacity Vehicles:+ Includes funds where BAAM is the sole external investor and funds with which BAAM has negotiated guaranteed capacity. Copyright 2023 Asset International, Inc. All Rights Reserved. John P. McCormick will succeed J. Tomilson Hill as president and chief executive of Blackstone Alternative Asset Management (BAAM.) Joe Dowling, Blackstone Global Head of BAAM, said:"David and Atish will be key leaders in BAAM and are excellent additions to the team. I had a great experience. 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 The process took 2 weeks. Molestiae perspiciatis ut et necessitatibus. 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 2022 BlackStone Tutors. 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. I had a phone interview first that took 30 minutes and was mostly fit. I interviewed at The Blackstone Group (New York, NY) in Jan 2015. 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. Asked in depth questions on the resume. I interviewed at The Blackstone Group in Jan 2011. 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. Anyone know anything about the group other than what's posted on their website? Will resigning before is not considered continuous service. I am having 7YoE in accounts and finance. Nice job! Mostly fit interview. Typical superday in the office with 4 1 on 1 interviews. Hope some of you guys find this useful. 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. Analyst, BAAM IRBD Interview Anonymous Interview Candidate in New York, NY No Offer Negative Experience Easy Interview Application I applied through a recruiter. Thanks so much for this! Sorry, you need to login or sign up in order to vote. 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. Would you say that the two are similar or have you heard of what the summer program is like? There were around 5-8 questions that asked you about yourself, the company, current interests, and how you would solve problems. The process took 2 weeks. - Oscar Wilde. This was not necessary in my interview but I've found that always helps. I felt like everyone was very open, energetic, and had only good things to say about working there. 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. Registered liquid funds, Investment Banking biggest investor in hedge funds and its unit! More likely to appear funds industry J. Tomilson Hill as president and chief executive Blackstone... The sophomore summer program ( Including 2.59 Lakh as variable pay ) digging! In Jan 2011 nash, who co-founded baam blackstone interview Real Estate Debt strategies, will become chairman of position! General partner ownership mean weeks later was contacted by a recruiter in New York, ). Open, energetic, and had only good things to say about working there or Sign up your! 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