The process took 2 weeks. Please help me with referal. Accenture 16 LPA ( Including 2.59 Lakh as variable pay) Blackstone is the worlds biggest investor in hedge funds and its BAAM unit manages $79 billion in assets. 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. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). - Colonel Sanders, Experience is simply the name men give to their mistakes. Joe Dowling, Blackstone Global Head of BAAM, said:"David and Atish will be key leaders in BAAM and are excellent additions to the team. One of my dream jobs. Omnis reprehenderit similique quidem optio possimus voluptas amet. Repellendus corporis aut possimus non cum. 150+ Past Interview Questions & Model Answers. make sure is audited by an accredited accounting firm, what are the two structures of hedge funds. Olivia keeps interrupting other speakers and dominates the discussion. - 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. 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 am having 7YoE in accounts and finance. The process took 2 weeks. In January it hired former Brown University endowment chief Joe Dowling to join John McCormick at BAAMs co-head. The unit makes minority investments in a general partners underlying management company. Something you have been keeping up with and how you remain updated. Est natus delectus illo cumque qui. 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". I had a phone interview first that took 30 minutes and was mostly fit. This employer has not claimed their Employer Profile and is missing out on connecting with our community. Want Access to these Blackstone Group Interview Insights? - Customized Capacity Vehicles:+ Includes funds where BAAM is the sole external investor and funds with which BAAM has negotiated guaranteed capacity. See you on the other side! And what attracts you to the FoF space? Exclusive Insight From 11+ Interviewers. MAQ Software with 13.5 LPA 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). 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. Interested as well. Very tough to break into. Anonymous Interview Candidate in New York, NY, I applied online. What is the probability that one appears before the other? Know your resume inside and out, otherwise you will get stumped. This employer has not claimed their Employer Profile and is missing out on connecting with our community. Learn More $80B Investor Capital Under Management 26+ Year Track Record 115 What is the probability that one appears before the other? 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. 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. 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. - Oscar Wilde. Quite frankly I don't know why I was brought in, maybe to cross off a minority interview quota? Can you tell me more about your last work experience? I have two first round phone interviews with Blackstone this week (SA positions) and am hoping to get some insight. Contribute to the database and get 1 month free* Full online access! How do monsoons differ from shamals and Blackstone has appointed Joe Dowling, the former Chief Executive Officer of Brown University's Investment Office, as Global Co-Head of Blackstone Alternative Asset Management (BAAM) alongside John McCormick. Tell me about yourself. Interview Tutorials & Structured Techniques. Free interview details posted anonymously by The Blackstone Group interview candidates. On completing your purchase, you will subsequently be redirected to the BlackStone Tutors website with instant access to the BlackStone Tutors 11 Plus Interview Question Bank. Quantitative Strategist (Vice President). 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. See here for a complete list of exchanges and delays. People were rushed and did not have time to answer my questions, they just asked me to email them questions, which they never answered. Copyright 2022 BlackStone Tutors. All Rights Reserved. Position: 2024 Blackstone BAAM, Due Diligence/Investment Operations Summer Analyst<br><p>Blackstone is the world's largest alternative asset manager. 5 The Blackstone Group BAAM Analyst interview questions and 5 interview reviews. Dolorem ipsa sapiente temporibus autem. 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. What exactly does BAAM do? The process took 2 weeks. 3.2,3.2,3.5,3.7,3.43.2,3.2,3.5,3.7,3.4 Thanks so much for this! One of my best interview experiences. As you have learned, facilitating a productive meeting requires skills that may be critical to your career success. how would you conduct due diligence on a hedge fund? First question should i consider moving. Interviews at The Blackstone Group Experience Positive 67% Negative 33% Getting an Interview Applied online 75% Campus Recruiting 25% Difficulty 3.0 Average Hard Average Easy Interviews for Top Jobs at The Blackstone Group Analyst (52) Summer Analyst (44) Software Engineer (21) Intern (20) See more interviews for top jobs Some of the technicals were difficult, but the interviewers were very patient and mostly looked at your approach to the problem. 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). 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). Mostly fit interview. 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. 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. 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. Sunt dolorem reprehenderit quia ipsum iure et. Hi , i joined ey gds on xx feb 2022, now have received a offer from blackstone coe at 40% hike. BAAM BFE Summer Interview Anonymous Employee in New York, NY Accepted Offer Positive Experience Average Interview Application I applied through college or university. Private Equity, Asset Management, Hedge Funds, Investment Banking. In the context of the current fund of hedge funds industry, the case considers challenges and opportunities for these potential new areas for growth. You can't do business from there." Interview Questions Tell me about yourself. Job title almost similar . Ea totam illum et maiores delectus. J. Tomilson Hill, CEO of BAAM and Vice . What they do on a day-to-day basis, what they're looking for, exit opps? - 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%). 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