Citco Fund Accountant Interview Questions, Process, and Tips for Freshers

First round was a 1 hour online exam which had 2 sections. 1 was aptitude round which included questions like 'select the appropriate word that matches the goven word' , graph reading etc. 2nd round was technical - accounting entries , basics of SFM , FR

Video assessment - 8 questions were asked. Accrual , deferred entries, hedge fund definition , fund acconting definition , diff b/w management fee and performance fee. Question will be displayed. 1.5 mins reading time. and after should record the answer within given 2 mins time

Q1. A telephonic interview. Basic HR quesitons - about present job , why job change , expected CTC
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Q1. Online interview - around 40-45 mins. Mostly technical. Intro about yourself , questions from resume , what did you understand about the job description , accrual and deferred entries based on given case s...read more
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Easy Questions are there but you need to be Quick...!

Q1. What is Equity?Stock Split , Dividends, Right Issue, Bonus Issue
Ans. 
Equity represents ownership in a company and can be affected by stock splits, dividends, right issues, and bonus issues.
• Equity represents ownership in a company, giving shareholders a claim on assets and earnings.

• Stock splits increase the number of shares outstanding while decreasing the share price proportionally.

• Dividends are payments made by a company to its shareholders from its profits.

• Right issues allow existing ...read more
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Q2. Journal entry, Accrual, prepaid PostPaid,
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Q1. What is a hedge fund?
Ans. 
A hedge fund is an investment fund that pools capital from accredited individuals or institutional investors and invests in a variety of assets.
• Hedge funds are typically open to a limited number of accredited investors and require a large initial investment.

• They use a variety of strategies to generate returns, including long and short positions, leverage, and derivatives.

• Hedge funds are known for their flexibility in i...read more
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Q2. What is the master feeder structure?
Ans. 
Master-feeder structure is a common investment structure where multiple feeder funds pool their assets into a single master fund.
• Master fund is the main fund that receives investments from feeder funds.

• Feeder funds are separate funds that pool capital from investors and then invest in the master fund.

• Allows for economies of scale and efficient management of investments.

• Commonly used in hedge funds and private equity fu...read more
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Q1. What is derivatives
Ans. 
Derivatives are financial instruments whose value is derived from an underlying asset or group of assets.
• Derivatives can be used for hedging, speculation, or arbitrage.

• Common types of derivatives include options, futures, forwards, and swaps.

• Derivatives allow investors to take on risk or hedge against risk without owning the underlying asset.

• They are often used by financial institutions, corporations, and individual in...read more
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