Expert Details
Hedge Funds, Investments, Options, Securities Valuation, and Asset Management
ID: 723433
California, USA
As an investment consultant for five years, Expert advised endowments, foundations and pension plans on asset allocation, manager selection and manager monitoring. Clients ranged in size from $20 million to $6 billion.
Expert also has expertise in complex data analysis and financial modeling. He has designed and developed various financial modeling tools to illustrate complex financial concepts in a visual, intuitive manner. This is especially useful to communicate complex financial concepts to people with non-financial backgrounds.
Technology evaluation is critical for investment analysis, whether it is for an investment in a public company or a project within a corporation. Expert has experience in both evaluation of technology as a corporate investment and as an investor in technology firms for 15 years.
As a short seller, Expert has researched and uncovered many fraudulent companies prior to the fraud becoming publicly disclosed. He specializes in the investigation, detection and quantification of financial reporting fraud and asset misappropriations.
Expert is an Adjunct Professor at Employer. As part of his curriculum, he covers business strategy, competitive analysis, financial modeling, business valuation and related topics. In addition, he teaches tactical analysis techniques such as competitive intelligence and competitive benchmarking.
Expert has extensive experience in business development and mergers & acquisitions. He headed the acquisition efforts for the Commercial & Industrial sector at Cooper Industries, a Fortune 100 company. He sourced, analyzed, performed valuation analysis and prepared presentations on acquisitions for board of director approval.
In addition, he was responsible for strategic planning for the Commercial & Industrial sector at Cooper Industries.
For more than 15 years, Expert researched companies as both long (bullish) and short (bearish) investments. This analysis considered both strategic position and business valuation.
Expert’s business valuation expertise is based in actual investment experience from managing real portfolios of publicly traded securities, over $800 million in size, and making transaction decisions personally. In addition, he has been responsible for the acquisition of private companies, where his analysis determined whether or not the transaction was made.
His valuation expertise is also solidly based in financial theory; he is an Adjunct Professor at Employer. As part of his curriculum, he covers business strategy, business valuation and related topics.
Expert spent six years at Texas Instruments as an engineer and program manager. Cost/benefit analysis and cost accounting were his responsibilities while managing a prototype laboratory there.
He has applied Moore’s law and other semiconductor economics concepts to determine product viability, cost reduction targets and product market potential.
Litigation support providing analysis, calculation of damages and testimony.Advised endowments, foundations and pension plans on asset allocation, manager selection and manager monitoring. Clients ranged in size from $20 million to $6 billion. Expert has developed option-based methodology to implement stock investment positions with limited risk. Expert has prepared marketing strategy for investment fund.Advised endowments, foundations and pension plans on asset allocation, manager selection and manager monitoring. Clients ranged in size from $20 million to $6 billion.Evaluated publicly traded companies as potential investments.Reviewed investment portfolio risk and recommended methods to improve the risk/reward tradeoff.
Education
| Year | Degree | Subject | Institution |
|---|---|---|---|
| Year: 1987 | Degree: MBA | Subject: Finance | Institution: Harvard Business School |
| Year: 1979 | Degree: BS | Subject: Engineering Physics | Institution: Bemidji State University |
Work History
| Years | Employer | Title | Department |
|---|---|---|---|
| Years: 2006 to Present | Employer: Undisclosed | Title: Adjunct Professor | Department: Ageno School of Business |
Responsibilities:He developed a new course curriculum and currently teaches Portfolio Management, the most advanced graduate investment course offered. |
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| Years | Employer | Title | Department |
| Years: 2004 to Present | Employer: Undisclosed | Title: Consultant | Department: |
Responsibilities:He is self employed as a consultant and expert witness. |
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| Years | Employer | Title | Department |
| Years: 2000 to 2004 | Employer: Various | Title: Investment analyst and portoflio manager | Department: |
Responsibilities:He managed investments in public companies through long and short equity positions and equity options. His long portfolio outperformed short portfolio by 14% annualized. |
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| Years | Employer | Title | Department |
| Years: 1994 to 1999 | Employer: Harvard Management Company (manages Harvard's endowment) | Title: Investment analyst and portoflio manager | Department: Select Equity Group |
Responsibilities:He managed investments in public companies through long and short equity positions. |
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| Years | Employer | Title | Department |
| Years: 1991 to 1993 | Employer: Odyssey Partners | Title: Equity Analyst | Department: |
Responsibilities:He researched and recommended long and short equity investment positions for a partnership portfolio in excess of $1 billion. |
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| Years | Employer | Title | Department |
| Years: 1989 to 1991 | Employer: Feshbach Brothers | Title: Equity Analyst | Department: |
Responsibilities:He researched and recommended short equity investment positions for a partnership portfolio in excess of $1 billion. |
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| Years | Employer | Title | Department |
| Years: 1987 to 1989 | Employer: Cooper Industries | Title: Senior Planning Analyst | Department: Business Development and Strategic Planning |
Responsibilities:He coordinated acquisition, divestiture and strategic planning activities for Fortune 100 company. |
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| Years | Employer | Title | Department |
| Years: 1979 to 1985 | Employer: Texas Instruments | Title: Program Manager/Product Engineer | Department: Semiconductors |
Responsibilities:He managed a prototype operation for fabrication of microwave integrated circuits. |
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| Years | Employer | Title | Department |
| Years: 2012 to 2017 | Employer: (Undisclosed) | Title: Senior Investment Consultant | Department: Investment Consulting |
Responsibilities:Investment advisor to pension plans, endowments and foundations. |
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| Years | Employer | Title | Department |
| Years: 2010 to Present | Employer: Undisclosed | Title: Board Member | Department: Pension Plan |
Responsibilities:Trustee/Investment Committee member for $2 billion pension plan. |
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Career Accomplishments
| Licenses / Certifications |
|---|
| FINRA Series 65 License. |
| Publications and Patents Summary |
|---|
| Publications: 5 |
Additional Experience
| Expert Witness Experience |
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| 1. A real estate developer was given a large warrant position in a public company in exchange for concession in a lease agreement. Subsequently, the company forced conversion of the warrant in violation of the terms of the warrant agreement. Expert's role was to determine the value of the warrant lost in the forced conversion process. 2. A hedge fund used an options arbitrage strategy with great success until it moved from one prime broker to another. The new prime broker, part of a top 5 investment bank, erratically miscalculated margin requirements and forced closure of large options investment positions. This caused large losses and the dispute was brought to arbitration. His role was to calculate margin requirements according to the margin rules the broker was supposed to use. 3. Venture-funded company was sued, but their director and officer insurance carrier did not defend them for more than 18 months due to a misunderstanding over the coverage. The company was damaged by the uncovered defense cost and loss of market position. Expert's role was to calculate damages and justify the "but for" scenario. 4. ERISA class action case for breach of fiduciary duty related to high-cost and poor-performing investments. Expert's role was to calculate damages and explain why high-cost and poor-performing investments were due to a breach of fiduciary duty. 5. A portfolio manager resigned from an investment firm, and was not paid a $3 million final incentive bonus. The investment firm made a counterclaim that the manager had taken trade secrets as she departed. Expert provided testimony related to whether the information taken could be considered trade secrets. 6. Criminal action against individual who raised money for an investment partnership. While the defendant unaware at the time, the investment partnership was a Ponzi Scheme. Expert provided expert opinion on appropriateness of individual's actions and background/education to court on investment partnerships. 7. Client brought action against advisor claiming an unsuitable investment was recommended. Expert provided opinion on appropriateness on the investments. 8. Criminal action against client who managed an investment partnership. Client reported results which were not compliant with usual reporting procedures. Expert provided an opinion on usual reporting procedures and background/education to court on investment partnerships. 9. A publicly-traded company was damaged by the use of disinformation, tortious interference, stock fraud and manipulation by short sellers. Expert assisted attorney in preparing case. 10. A real estate developer won an award against a real estate development company for improper construction practices. The company then used bankruptcy, fraudulent conveyance and other tactics to avoid paying the award. This project involved analysis of the fraudulent movement of assets as well as the misallocation of expenses and profits. A key part of the project was to provide a clear, high-level understanding of how the complex fraudulence conveyance was perpetuated, supported by evidence. 11. Client was hurt after a defective motorcycle clutch was installed. Gilbert was a college student preparing for a career in a hedge fund. Expert provided an opinion about the expected earnings of a hedge fund manager. 12. Employee sued employer, a private equity investment firm, for discharging him without cause. Expert provided education and perspective on company structure and employment norms for the private equity industry. 13. Client purchased intellectual property from defendant. Subsequently, defendant interfered with client’s attempts to obtain licensing agreements with customers. The court found the defendant had damaged the client. Expert was retained to calculate damages and testify in court. |
| Training / Seminars |
|---|
| As Adjunct Professor at Employer, Expert developed a new course curriculum and currently teaches Portfolio Management, the most advanced graduate investment course offered. |
| Vendor Selection |
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| He has reviewed and selected all vendors required by a buy side (mutual fund or hedge fund) investment operation. Selected and monitored investment managers for pension plans, endowments and foundations. |
| Marketing Experience |
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| Expert has marketed investment products and services to high net worth individuals and institutions. |
| Other Relevant Experience |
|---|
| 1. Expert has been a stock investment analyst or portfolio manager for more than 15 years, primarily at institutions with in excess of $1 billion in capital under management. 2. For two years he has managed business valuation and acquisition projects for a Fortune 100 company. |
Fields of Expertise
business intelligence, competitive benchmarking, financial modeling, competitive analysis, competitive intelligence, arbitrage, annuities, asset management, business, business development, business strategy, business valuation, corporate strategic planning, escrow, hedge fund, hedging, insider trading, mutual fund, portfolio management, private equity fund, securities finance, strategic planning, securities fraud, cost-benefit analysis, semiconductor economics, technology evaluation, funding, securities valuation, net worth, securities options, business securities, investment banking, concession contract, broker ethics, broker dispute, annuity insurance, business analysis, business process management, entrepreneurship, business operations, finance, international investment, business management, accounting, economics, market research, marketing, strategic research planning, economic analysis