Fund Administrator Interview Questions and Answers

Answers to technical questions related to fund administration.

• Hedge funds are alternative investment vehicles that use various strategies to generate high returns.

• Mutual funds are investment vehicles that pool money from multiple investors to invest in a diversified portfolio of securities.

• Equalization payment is a payment made to investors in a mutual fund to ensure that all investors receive the same distribution of income and capital gains.

• Corporate actions are events init...read more

NAV components refer to the various elements that make up the Net Asset Value of a fund.

• NAV components include assets, liabilities, income, and expenses.

• Assets can include stocks, bonds, and other investments held by the fund.

• Liabilities can include expenses owed by the fund, such as management fees.

• Income can include dividends and interest earned by the fund.

• Expenses can include management fees, legal fees, and other costs associated with running the fund.

NAV stands for Net Asset Value, which is the value of a fund's assets minus its liabilities per share. Transfer agency involves maintaining investor records and processing transactions for mutual funds.

• NAV is calculated by dividing the total value of the fund's assets minus liabilities by the number of outstanding shares.

• NAV is used to determine the price at which investors can buy or sell shares of a mutual fund.

• Transfer agency services include maintaining investor accounts,...read more