Schaeffer & Sam Interview Questions and Answers

Journal entries for trade booking, derivative pricing, and types of reconciliations.

• Trade booking involves recording transactions in the accounting system through journal entries.

• Derivative pricing involves determining the value of financial instruments based on market factors.

• Types of reconciliations include cash, position, and valuation reconciliations.

• Cash reconciliation involves comparing cash balances between the ...read more

End to end fund accounting involves several steps from trade capture to NAV calculation and reporting.

• Trade capture and validation

• Portfolio accounting and reconciliation

• Corporate actions processing

• Income and expense accruals

• Net asset value (NAV) calculation

• Financial reporting and audit

• Regulatory compliance

• Investor servicing

• Risk management

• Performance measurement and attribution

Hedge funds are investment funds that use various strategies to generate high returns for their investors.

• Hedge funds are typically only available to accredited investors due to their high-risk nature.

• They often use leverage and derivatives to amplify returns.

• Hedge funds can invest in a wide range of assets, including stocks, bonds, commodities, and currencies.

• Some hedge funds employ long-short strategies, where they s...read more