The process took 5 days. can issue an unlimited number of shares, open end shares do not trade on exchanges and are priced at their portfolio's net asset value at the end of each day, portfolio of pooled assets that raises a fixed amount of capital through an IPO and then lists acres for trade on a stock exchange, after the IPO, the fund's parent company issues no additional shares, tends to be actively managed unlike most ETFS or index mutual funds, what offers better returns, open or closed end, closed end funds offer higher returns, but not as liquid as open end funds, compliance processes, valuation techniques, IT infrastructure, business continuity and disaster recovery planning, cash management controls and quality of 3rd party service providers, what are the operational due diligence framework style buckets, what documents should you request from a hedge fund manager, pitch book, investment mandate, and performance track record. Copyright 2022 BlackStone Tutors. Thanks so much for this! Everything on there should have a story behind it. 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 know that BAT is different from BFE, but not exactly sure how. 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. Est natus delectus illo cumque qui. In January it hired former Brown University endowment. 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. or Want to Sign up with your social account? Quantitative Strategist (Vice President). Count includes customized vehicles, vehicles with negotiated fee discounts, seeding platform funds and coinvestment deals that occurred during each year presented.+ Volume does not double count (i.e., where a vehicle is customized capacity and has a negotiated fee discount, that vehicle is counted only once). Find the modes, medians, and means of the scores. - Customized Capacity Vehicles:+ Includes funds where BAAM is the sole external investor and funds with which BAAM has negotiated guaranteed capacity. The business oversees $7.4 billion in assets. - Miami-Fort Lauderdale, FL, United States Area. Besides the fund size, what makes it your dream job? Private Equity, Asset Management, Hedge Funds, Investment Banking. Asked in depth questions on the resume. what is the most significant operational risk? I interviewed at The Blackstone Group (New York, NY) in Jan 2015. 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). Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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. Veniam ipsam ab nihil natus. 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. Mostly fit interview. This employer has not claimed their Employer Profile and is missing out on connecting with our community. We do this by using extraordinary people and flexible capital to help companies solve problems . Blackstone Alternative Asset Management (BAAM) manages approximately $80 billion across a diversified set of businesses, including a customized portfolio solutions business, a special situations . MAQ Software with 13.5 LPA 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. Olivia keeps interrupting other speakers and dominates the discussion. WSO depends on everyone being able to pitch in when they know something. I felt like everyone was very open, energetic, and had only good things to say about working there. First round was on campus and then went in for a superday where they asked various investment strategies and how i would personally pick a hedge fund. Blackstone COE (on wipro's payroll) - 18 LPA (including 1.5 lakh as variable pay) 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. 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. ". All is based on few recent presentations that I was able to gather. Don't forget to check the attachments. 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! The process took 2 weeks. 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. Kept digging and asking more and more questions about what I did there. Anonymous Interview Candidate in New York, NY, I applied online. Anonymous Interview Candidate in New York, NY, I applied online. 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. Match. Was contacted by a recruiter, came in 2 weeks later. Please help me with referal. I honestly have no clue why they even gave me an interview, I just applied for the sake of it. One is for their Alternative Asset Management Group (BAAM - hedge fund solutions) and the other is for Real Estate Debt Strategies (BREDS). It will be lower for managers that act like big indexers because alpha has been arbitraged out. Contribute to the database and get 1 month free* Full online access! I have two first round phone interviews with Blackstone this week (SA positions) and am hoping to get some insight. Some of its most prominent successes include Senator Investment Group, New Mountain Capital, Francisco Partners and Leonard Green. This employer has not claimed their Employer Profile and is missing out on connecting with our community. They do some interesting stuff in terms of HOW they create the portfolios, but in the end, it's still a FoF. I interviewed at The Blackstone Group (New York, NY) in Oct 2015 Interview I had a phone interview first that took 30 minutes and was mostly fit. 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. Workspace Dashboard for ALL of Life's Tasks? Omnis reprehenderit similique quidem optio possimus voluptas amet. Explain the due diligence process, know its relationship to the other four prongs within BAAM (BFE, legal, risk). The process took 2 weeks. I interviewed at The Blackstone Group (New York, NY) Interview Was contacted by a recruiter, came in 2 weeks later. The process took 2 weeks. Please help me choose the right organisation Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. One of my dream jobs. - Number of Negotiated Structures / Transactions:+ Data as of 1/1/14. - Colonel Sanders, Experience is simply the name men give to their mistakes. Something you have been keeping up with and how you remain updated. They're the world's largest fund-of-funds. No Reproduction Without Prior Authorizations. Some of the technicals were difficult, but the interviewers were very patient and mostly looked at your approach to the problem. 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 Click card to see definition . The process took 2 weeks. See you on the other side! Anonymous Interview Candidate in New York, NY, I applied through a recruiter. 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. Dolorem ipsa sapiente temporibus autem. 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. 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). 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. What is the probability that one appears before the other? Know your resume inside and out, otherwise you will get stumped. This was not necessary in my interview but I've found that always helps. The process took 2 weeks. Ea totam illum et maiores delectus. 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. - 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. 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. 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