I applied through college or university. 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). Some of its most prominent successes include Senator Investment Group, New Mountain Capital, Francisco Partners and Leonard Green. The business oversees $7.4 billion in assets. An excellent post with meaningful content that is relevant to the community. Their experience and networks will help us make better. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value). Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries). John P. McCormick will succeed J. Tomilson Hill as president and chief executive of Blackstone Alternative Asset Management (BAAM.) Everything on there should have a story behind it. I know that BAT is different from BFE, but not exactly sure how. I interviewed at The Blackstone Group in Jan 2011. - Colonel Sanders, Experience is simply the name men give to their mistakes. hedge funds are alternative investments using pooled funds that employ different strategies to earn alpha for their investors. Anyone know anything about the group other than what's posted on their website? We do this by using extraordinary people and flexible capital to help companies solve problems. WSO depends on everyone being able to pitch in when they know something. Want Access to these Blackstone Group Interview Insights? Position: 2024 Blackstone BAAM, Investment Summer Analyst<br><p>Blackstone is the world's largest alternative asset manager. Est natus delectus illo cumque qui. 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 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 interviewed at The Blackstone Group (New York, NY) Interview Was contacted by a recruiter, came in 2 weeks later. Martin Electronics has an accounts receivable turnover equal to 15 times. What they do on a day-to-day basis, what they're looking for, exit opps? In January it hired former Brown University endowment. 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. One of my best interview experiences. Et sed numquam sequi nemo. I don't have any real finance experience and can't "talk the talk." Anyone had this interview who could give me some advice? I interviewed at The Blackstone Group (New York, NY) in Oct 2015. Anonymous Interview Candidate in New York, NY, I applied online. - Customized Capacity Vehicles:+ Includes funds where BAAM is the sole external investor and funds with which BAAM has negotiated guaranteed capacity. This employer has not claimed their Employer Profile and is missing out on connecting with our community. Ea totam illum et maiores delectus. So there is a difference then? Pre-recorded video interview that took 15-20 mins with a couple of questions. Besides the fund size, what makes it your dream job? Olivia keeps interrupting other speakers and dominates the discussion. You should also brush up on your technical knowledge of the position you're applying for. Omnis reprehenderit similique quidem optio possimus voluptas amet. I interviewed at The Blackstone Group in Jan 2011 Interview I had a great experience. The process took 2 weeks. On Fishbowl, you can share insights and advice anonymously with The Blackstone Group employees and get real answers from people on the inside. 2 The Blackstone Group BAAM interview questions and 2 interview reviews. Click again to see term . Very friendly people all gave great reasons as to why they have stayed at Blackstone. There were around 5-8 questions that asked you about yourself, the company, current interests, and how you would solve problems. What is the probability that one appears before the other? 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. 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. 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). - 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. PLAY. Can you tell me more about your last work experience? I had a great experience. 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. I interviewed at The Blackstone Group in Jan 2011. Free interview details posted anonymously by The Blackstone Group interview candidates. - 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%). Mostly fit interview. They do some interesting stuff in terms of HOW they create the portfolios, but in the end, it's still a FoF. Job title almost similar . 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 /. What should I make of this, what would it be like, and how is it viewed? 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. 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). I then had one more slightly longer phone interview, followed by a final interview in New York. 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. bump on day-to-day operations and analyst responsibilities. J.Tomilson Hill will become chairman of Blackstone Alternative Asset Management. Blackstone Alternative Asset Management (BAAM) manages approximately $80 billion across a diversified set of businesses, including a customized portfolio solutions business, a special situations . BAAM is a fascinating group. The process took 2 weeks. 101 Investment Banking Interview Questions, 2014 Alpha Summer - BAAM's J. 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Dolorem ipsa sapiente temporibus autem. 2005-2023 Wall Street Oasis. 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. Our $951 billion in assets . Copyright 2023 Asset International, Inc. All Rights Reserved. Dowling will oversee BAAM's investment activities going forward, while McCormick will oversee BAAM's business and investor functions. Insights and advice anonymously with the Blackstone Group interview candidates a story it... Turnover equal to 15 times, the company, current interests, how! 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