Expert Details
Hedge Fund Operational Due Diligence, Private Equity, Fund of Hedge Funds, Audit, Fraud Analysis
ID: 728688
New Jersey, USA
Served as a consultant and expert in hedge fund litigation related to fraud, Ponzi schemes, audit liability and administrator responsibility.
Education
| Year | Degree | Subject | Institution |
|---|---|---|---|
| Year: 2006 | Degree: MBA | Subject: Finance | Institution: Baruch College |
| Year: 2000 | Degree: BS | Subject: Finance, Japanese | Institution: Carnegie Mellon University |
Work History
| Years | Employer | Title | Department |
|---|---|---|---|
| Years: 2008 to Present | Employer: Undisclosed | Title: Founder and Managing Partner | Department: |
Responsibilities:• Perform initial and ongoing operational due diligence (ODD) reviews of over 300 fund managers since 2008. Strategies reviewed include traditional long-only and alternative managers (i.e. – hedge funds, private equity, real estate). Key tasks include:o Coordinate ODD review schedule management o Manage ODD team interaction with fund managers and service providers under review including agenda setting, document collection and ongoing follow-up o Oversee quality control of Corgentum’s ODD reviews o Present risk assessments to clients • Assist in the performance of ODD reviews including document review, onsite visits with managers and operational risk assessments. Key operational risk areas of fund managers reviewed as part of Corgentum’s ODD work includes compliance, trading operations, cash and accounting management, valuation, evaluating the role of service providers including administrators, prime brokers and custodians, information technology, business continuity and disaster recovery, and fund boards and governance • Work with institutional clients and their ODD departments to develop and implement customized programs to facilitate ODD reporting, risk assessment and measurement based on Corgentum’s ODD methodologies • Participate in all elements of the sales and client service process |
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| Years | Employer | Title | Department |
| Years: 2006 to 2008 | Employer: Morgan Stanley | Title: Director | Department: |
Responsibilities:Analyzed and reported on the operational risks of alternative investments (hedge funds – all strategies, fund of hedge funds private equity and real estate) considered for investment by ultra-high net worth individuals ($100 million+ net worth) and institutions. Made investment recommendations to firm’s investment committee based on that analysis.• Supervised a team of six professionals across the US, Asia and Europe with responsibility for performing ODD reviews of primarily alternative investment fund managers, including hedge funds and private equity funds, considered for investment by a division of Morgan Stanley called Graystone Research • Senior voting member of the Graystone Research’s investment committee and member of the managed futures committee • Performed an average of 90 on-site visits with approved managers and 30 prospective managers on an annual basis including: o Worked with internal departments including legal, compliance and portfolio management to assist in navigating risk issues and negotiating sub-advisory agreements o Interviewed legal, compliance, technology and accounting staff at hedge funds to determine fund level operational procedures in place to assess areas including compliance, BCP/DR, valuation procedures, treasury, and trade processing o Analyzed fund service providers (i.e. - administrators, prime brokers, custodians) o Reviewed fund documentation including due diligence questionnaires, offering memoranda and financial statements |
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| Years | Employer | Title | Department |
| Years: 2004 to 2006 | Employer: Lazard Asset Management | Title: Institutional Division | Department: |
Responsibilities:Assisted the fund of funds group with hedge fund due diligence and ad-hoc risk management projects.• Assisted the fund of funds group with hedge fund due diligence and ad-hoc risk management projects • Performed several fund launch operational functions including systems analysis, reviewing fund documentation, creation of marketing documentation and RFP completion |
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| Years | Employer | Title | Department |
| Years: 2003 to 2004 | Employer: SPARX Investment & Research | Title: Long / Short Equity Hedge Fund Specializing in Japan | Department: |
Responsibilities:Interviews with Potential Hedge Fund Managers for the firm’s funds of hedge funds product.• Assisted the fund of funds group with hedge fund due diligence and ad-hoc risk management projects • Performed several fund launch operational functions including systems analysis, reviewing fund documentation, creation of marketing documentation and RFP completion |
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| Years | Employer | Title | Department |
| Years: 2000 to 2001 | Employer: Thomson Financial Corporation | Title: Analyst | Department: |
Responsibilities:Performed due diligence on new companies for potential investment; invested over $20 million with 5 companies.• Performed due diligence on potential acquisition target companies resulting in early stage investments of over $20 million across several companies |
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Career Accomplishments
| Associations / Societies |
|---|
| Certified Fraud Examiner Chartered Alternative Investment Analyst (CAIA) Association – • Holder of the CAIA charter – awarded in April 2018 • Member of Due Diligence, Risk Management and Regulation Committee (2015 – present) • Authored two chapters of the 2016 CAIA Level II curriculum on hedge fund and private equity operational due diligence |
| Licenses / Certifications |
|---|
| Association of Certified Fraud Examiners Holder of the Certified Fraud Examiner (CFE) certification - awarded in April 201x |
| Professional Appointments |
|---|
| Adjunct Professer - New York University |
| Publications and Patents Summary |
|---|
| Books authored: 5 Additional contributed chapters on operational due diligence : 2 Additional publications and media: 3 |
Additional Experience
| Expert Witness Experience |
|---|
| Served as a consultant and expert in hedge fund litigation related to fraud, Ponzi schemes, audit liability and administrator responsibility. |
| Training / Seminars |
|---|
| Teach as an adjunct professor at New York University a class called "Hedge Fund Operations Risk and Due Diligence." Lecturer at various seminars. Training to financial regulatory authorities. |
| Vendor Selection |
|---|
| Experience reviewing hedge fund service providers. |
| Marketing Experience |
|---|
| He is the author of the first book on the subject of hedge fund operational due diligence. Various publications and op-eds on the subject. |
| Other Relevant Experience |
|---|
| GOVERNMENT AND TEACHING EXPERIENCE U.S. Securities and Exchange Commission (2010, Washington, DC) • Provided training to staff on operational due diligence best practices for alternative investments including hedge funds and private equity funds U.S. House Judiciary Committee (2009, Washington, DC) • Consulted with the committee regarding hedge fund and private equity legislation New York University (Fall 2010 – Spring 2015, New York, NY) • Adjunct professor – taught a class entitled Hedge Fund Operation Risk and Due Diligence |
Language Skills
| Language | Proficiency |
|---|---|
| Japanese |
Fields of Expertise
finance, Financial Industry Regulatory Authority, hedge fund, investment, private equity fund, securities fraud, securities marketing, securities regulation, promissory note, stocks, securities taxation, stock option, futures hedging, return on investment, fixed income securities, municipal securities, government securities, business securities, securities arbitration, 401k plan, securities dispute, mortgage backed security, share valuation, securities valuation, portfolio, hedging, swap, derivative (finance), commodities, futures (finance), bond, annuities, pension fund, securities finance, option (finance)