Citco Interview Questions, Process, and Tips

Different questions from different fields

Q1. Hedge funds, reconciliation
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Q1. Basic resume questions will be asked
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Written test. Mutual A funds and hedge funds. One caste study.

Q1. Hedge funds vs mutual funds
Ans. 
Hedge funds are for high net worth individuals and have higher risk and returns. Mutual funds are for retail investors and have lower risk and returns.
• Hedge funds are only available to accredited investors with high net worth and have a higher minimum investment requirement.

• Hedge funds have more flexibility in their investment strategies and can use leverage and short selling to increase returns.

• Mutual funds are open t...read more
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Q2. Subscription vs redemption vs PPM Trade life cycle in subscription
Ans. 
Subscription, redemption, and PPM are all part of the trade life cycle in investment management.
• Subscription is the process of an investor buying into a fund or investment product.

• Redemption is the process of an investor selling their shares or units in a fund or investment product.

• PPM (Private Placement Memorandum) is a legal document that outlines the terms and risks of an investment product.

• The trade life cycle in s...read more
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About derivatives and ratios and logical questions were asked in aptitude

Q1. What is CFD, Accrual Journal entries, Journal entry for purchase of stock and it's impact on balance sheet
Ans. 
CFD is a financial derivative, accrual journal entries record expenses/revenues, journal entry for stock purchase affects balance sheet.
• CFD stands for Contract for Difference, a financial derivative that allows investors to speculate on the price movements of an underlying asset without owning it.

• Accrual journal entries are used to record expenses or revenues that have been incurred but not yet paid or received.

• A journ...read more
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Q1. What do you know about our company?
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Q2. Walk me through with your current profile
Ans. 
I am currently working as a Team Lead in a software development company, overseeing a team of 10 developers.
• Lead a team of 10 developers in software development projects

• Responsible for project planning, execution, and delivery

• Provide technical guidance and support to team members

• Collaborate with stakeholders to gather requirements and ensure project alignment
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Q1. Prepaid and accrual journal entries
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Q2. Derivatives related questions
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Q1. Journak entries
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Q2. 3 fees & its calculation
Ans. 
Fees can be calculated based on various factors such as services provided, time spent, and materials used.
• Fees can be calculated based on hourly rates for services provided.

• Fees can also be calculated based on a flat rate for a specific service.

• Materials used can be factored into the fee calculation, including any markups for supplies.

• Additional fees may be added for special circumstances or rush orders.
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Q1. Effects which doesn’t changes NAV
Ans. 
Changes in market value of securities held by the fund do not impact the NAV.
• Changes in interest rates

• Changes in foreign exchange rates

• Changes in market indices

• Changes in credit ratings of securities held
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Q1. Salary duscussion
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