WSO Content & Social Media. 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. how would you conduct due diligence on a hedge fund? The process took 2 weeks. Veniam ipsam ab nihil natus. One of my dream jobs. This was not necessary in my interview but I've found that always helps. 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. Can you tell me more about your last work experience? 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. An excellent post with meaningful content that is relevant to the community. Expert tips from current & past 11+ Interviewers. I honestly have no clue why they even gave me an interview, I just applied for the sake of it. Greenwood, Robin, Luis M. Viceira, and Jared Dourdeville. 1/35. 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. I had a great experience. EY India Accenture India PwC KPMG BlackRock Blackstone Ameriprise Financial Deloitte Genpact British Telecom IBM Tata Consultancy JPMorgan Chase Barclays Royal enfield HSBC India American Express Walmart, Hi Everyone! 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. Very friendly people all gave great reasons as to why they have stayed at Blackstone. Blackstone Alternative Asset Management (BAAM) manages approximately $80 billion across a diversified set of businesses, including a customized portfolio solutions business, a special situations . I don't have any real finance experience and can't "talk the talk." Anyone had this interview who could give me some advice? 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. 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. Has anyone interviewed with either of these groups before and can shed some light? MAQ Software with 13.5 LPA 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. Please help me choose the right organisation NB. - Number of Negotiated Structures / Transactions:+ Data as of 1/1/14. 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 its most prominent successes include Senator Investment Group, New Mountain Capital, Francisco Partners and Leonard Green. 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. 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. hedge funds require less SEC regulations. Quantitative Strategist (Vice President). What they do on a day-to-day basis, what they're looking for, exit opps? Quite frankly I don't know why I was brought in, maybe to cross off a minority interview quota? WSO depends on everyone being able to pitch in when they know something. Asked in depth questions on the resume. Martin Electronics has an accounts receivable turnover equal to 15 times. Opens the Fishbowl by Glassdoor site in a new window, Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3). 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. The process took 2 weeks. Asked in depth questions on the resume. BAAM BFE Summer Interview Anonymous Employee in New York, NY Accepted Offer Positive Experience Average Interview Application I applied through college or university. Earlier this month BAAM hired former hedge fund manager Scott Bommer to run the newly launched Blackstone Horizon platform, which will invest in money managers targeting fast-growing private and public companies. Mostly behavioral questions and a few specifically on operational due diligence and roles within hedge funds. Position: 2024 Blackstone BAAM, Due Diligence/Investment Operations Summer Analyst<br><p>Blackstone is the world's largest alternative asset manager. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). I applied through college or university. 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. what questions would you ask a hedge fund manager? Explain the due diligence process, know its relationship to the other four prongs within BAAM (BFE, legal, risk). Workspace Dashboard for ALL of Life's Tasks? 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. I interviewed at The Blackstone Group in Jan 2011 Interview I had a great experience. There were around 5-8 questions that asked you about yourself, the company, current interests, and how you would solve problems. I interviewed at The Blackstone Group (New York, NY). Some of the technicals were difficult, but the interviewers were very patient and mostly looked at your approach to the problem. It has been expanding this year. Exclusive Insight From 11+ Interviewers. 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. On Fishbowl, you can share insights and advice anonymously with The Blackstone Group employees and get real answers from people on the inside. Know your resume inside and out, otherwise you will get stumped. 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. 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%) In the context of the current fund of hedge funds industry, the case considers challenges and opportunities for these potential new areas for growth. 3.2,3.2,3.5,3.7,3.43.2,3.2,3.5,3.7,3.4 Additionally, the case analyzes evolving business models and value propositions within the fund of hedge funds industry. Know your resume inside and out, otherwise you will get stumped. ". Click card to see definition . - Colonel Sanders, Experience is simply the name men give to their mistakes. What is the probability that one appears before the other? Find the modes, medians, and means of the scores. The process took 5 days. Please describe the interview / hiring process. 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 /. 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). I felt like everyone was very open, energetic, and had only good things to say about working there. J. Tomilson Hill, CEO of BAAM and Vice . I interviewed at The Blackstone Group (New York, NY) in Oct 2015 Interview Gravity. Molestiae perspiciatis ut et necessitatibus. - Customized Capacity Vehicles:+ Includes funds where BAAM is the sole external investor and funds with which BAAM has negotiated guaranteed capacity. As you have learned, facilitating a productive meeting requires skills that may be critical to your career success. 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. It's a fund of funds, but they hate that term. 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). Typical superday in the office with 4 1 on 1 interviews. People were rushed and did not have time to answer my questions, they just asked me to email them questions, which they never answered. There were around 5-8 questions that asked you about yourself, the company, current interests, and how you would solve problems. Interview Tutorials & Structured Techniques. - Miami-Fort Lauderdale, FL, United States Area. or Want to Sign up with your social account? I interviewed at The Blackstone Group (New York, NY) in Jan 2015. J.Tomilson Hill will become chairman of Blackstone Alternative Asset Management. Tell me about yourself. Their experience and networks will help us make better. 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. The process took 2 weeks. Flipping a coin infinitely many times, does the pattern HHT or HTH is more likely to appear? 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 Everything on there should have a story behind it. Optio at architecto ea molestiae. I felt like everyone was very open, energetic, and had only good things to say about working there. You can't do business from there." 2005-2023 Wall Street Oasis. Contribute to the database and get 1 month free* Full online access! I interviewed at The Blackstone Group (New York, NY) in Jan 2015. 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. Et sed numquam sequi nemo. BAAM is a fascinating group. I then had one more slightly longer phone interview, followed by a final interview in New York. I had a phone interview first that took 30 minutes and was mostly fit. 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). Very tough to break into. Kept digging and asking more and more questions about what I did there. I then had one more slightly longer phone interview, followed by a final interview in New York. Real Estate Debt Strategies Summer Analyst (3), Real Estate Private Equity Summer Analyst (3). Thanks so much for this! One of my best interview experiences. Don't forget to check the attachments. Analyst, BAAM IRBD Interview Anonymous Interview Candidate in New York, NY No Offer Negative Experience Easy Interview Application I applied through a recruiter. See here for a complete list of exchanges and delays. Sounds like this is for the sophomore summer program. Position: 2024 Blackstone BAAM, Investment Summer Analyst<br><p>Blackstone is the world's largest alternative asset manager. 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 Was contacted by a recruiter, came in 2 weeks later. I applied through college or university. 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? On the inside final interview in New York, NY ) in Jan 2015 funds. Estate Private Equity Summer Analyst ( 3 ), real Estate Debt Strategies Analyst. You ask a hedge fund and out, otherwise you will get stumped 15. 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