Blackstone Center of Excellence Interview Questions, Process, and Tips

Questions related to finance and management trainee position.

• Journal entries affect cash flow statement by either increasing or decreasing cash flow from operating, investing, or financing activities.

• Hedge funds are private investment funds that use high-risk strategies to generate high returns, while mutual funds are investment vehicles that pool money from multiple investors to invest in a diversified portfolio of st...read more

Blackstone is a global investment firm that specializes in private equity, real estate, credit, and hedge fund investment strategies.

• Blackstone's revenue model is based on earning management and performance fees from the funds it manages.

• The firm charges a management fee of 1-2% of assets under management and a performance fee of 20% of profits above a certain threshold.

• Blackstone also earns revenue from its real estat...read more

Alternate Asset Management involves investing in non-traditional assets such as real estate, private equity, and hedge funds.

• It is a type of investment strategy that focuses on non-traditional assets

• Examples of alternate assets include real estate, private equity, and hedge funds

• Investors use this strategy to diversify their portfolio and potentially earn higher returns

• Alternate Asset Management is typically used by in...read more

Close ended mutual funds have a fixed number of shares while open ended mutual funds can issue and redeem shares.

• Close ended funds are traded on stock exchanges and their prices are determined by supply and demand

• Open ended funds are bought and sold directly from the fund company at the net asset value (NAV)

• Close ended funds have a limited number of shares and can trade at a premium or discount to their NAV

• Open ended f...read more

Mutual funds are investment vehicles that pool money from multiple investors to invest in stocks, bonds, and other securities.

• Mutual funds are managed by professional fund managers

• Investors buy shares in the mutual fund and the value of their investment is determined by the performance of the underlying securities

• Mutual funds offer diversification and convenience for investors

• There are different types of mutual funds, ...read more

NPV stands for Net Present Value. It is calculated to determine the present value of future cash flows.

• NPV is used to evaluate the profitability of an investment or project.

• It takes into account the time value of money and discounts future cash flows to their present value.

• If the NPV is positive, the investment is considered profitable.

• If the NPV is negative, the investment is considered unprofitable.

• NPV is calculated ...read more