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 Expert  725327

Expert in Investment Management, Hedge Funds, Alternative Investments, Operations, Accounting Technology


Available for your Consulting and Expert Witness Needs

New Jersey (NJ)
USA
Education Work History Career Accomplishments Consulting Services Expert Witness Market Research

Summary of Expertise: Listed with other top experts in: 
Expert has significant expertise in the area of alternative investments and particularly in hedge funds. For nearly 20 years he audited and consulted to hedge funds. He was also a Partner and a National Hedge Fund Director for Deloitte having the responsibility for the services Deloitte provided in the alternative space. Those services included accounting, tax and consulting.

Further, Expert was a Partner at Dreman Value Management, an organization that managed a number of alternative products as well as long only investments.

Expert's specific areas of expertise lie within accounting, operations, controls, compliance, technology and operational risk management of alternative investment products.

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hedge fund

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securities fraud

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insider trading

Expert has significant expertise in the area of mutual funds. For over 20 years he audited, consulted, created, and managed mutual funds. While at Dreman Value Management, a $19 billion investment advisor, he had the responsibility for overseeing compliance, operations, accounting, reporting and other areas of infrastructure for approximately 28 advised and sub advised mutual funds. And while a Partner at Deloitte Expert audited and consulted to a number of mutual fund families including Merrill Lynch, Vanguard, Lord Abbett, Seligman etc…

Expert was also a Vice President at Bankers Trust Company where he was responsible for fund accounting and administration for the Bankers' Trust $18 billion proprietary mutual fund family.

Expert's specific areas of expertise lie within product development, accounting, operations, controls, compliance, technology and operational risk management of mutual funds and investment advisors.

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mutual fund

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portfolio

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investment management

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operational risk

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funding


Show Secondary and Basic Areas of Expertise
Localities:
Expert may consult nationally and internationally, and is also local to the following cities: New York, New York;  Yonkers, New York;  Newark, New Jersey;  Jersey City, New Jersey;  Paterson, New Jersey;  Elizabeth, New Jersey;  Bridgeport, Connecticut;  New Haven, Connecticut;  Stamford, Connecticut;  and Philadelphia, Pennsylvania.

Often requested
with this expert:

Investment Strategy, Asset Allocation, Hedge Fund...
Hedge Funds, Mutual Funds, Securities Industry, Stock...
Hedge Funds, CTAs, Fund of Funds, Alpha Transport,...
Hedge Fund Operational Due Diligence, Private Equity, Fund...

Education:
Year   Degree   Subject   Institution   Honors
1988   BS   Accounting and Finance   New York University   Cum Laude

Work History:
Years   Employer   Title   Responsibilities

2006 to 2008

 

Dreman Value Management LLC

 

CEO, CFO, COO

 

Expert was a member of the firm's Executive Committee, Chairman and CEO of the Board for the Dreman Family of Funds. He was responsible for the strategy, operations, client services, compliance, finance, information technology, administration of a $19 billion asset management firm.

1997 to 2006

 

Deloitte & Touche LLP

 

Partner and National Hedge Fund Director

 

Expert was s a Partner and National Hedge Fund Director. He managed two business lines 1) Hedge Fund Services and 2) Capital Markets investment management business activities within the United States and globally. Business lines offered consulting, assurance, tax and advisory services to Investment Managers, Hedge Funds, Prime Brokers, Administrators, Investors, Pensions, Endowments and Corporations – over $100 million revenue lines of business. Expert was responsible for the coordination and direction of Deloitte's Hedge Fund service lines that included Consulting, Assurance, Tax and Advisory services. Service line included over 30 partners and 300 professionals across major financial centers within the United States. Key responsibilities included revenue growth, expansion and growth of personnel and markets, market eminence, quality assurance, continuing education and group profitability.


Career Accomplishments:
Associations/Societies

AICPA, NYSCPA

Licenses/Certifications

CPA


Consulting Services:
Selected Consulting Examples:
  • Expert witness support analysis and testimony. A large investment bank has retained us to assist with its defense in a litigation matter involving trading methodology and trading mechanics with a focus on liquidity and operational risk with a large hedge fund. We evaluated trading practices, liquidity management, operational risks of the plaintiff and the defendant.
  • Risk Infrastructure. A multinational banking and securities firm hired us to assist in its due diligence over their investments in its alternative investment portfolio held by a third party. We have implemented an infrastructure that allowed us and our client to evaluate, on a daily basis, the risks associated with the portfolio activity and the exposure of portfolio to various market forces and scenarios. We also were able to evaluate portfolio risks, leverage, and compliance with investment restrictions of the portfolio.
  • Fraud Investigation. A hedge fund investor hired us to investigate erratic quarterly activity of the fund. We evaluated the valuation methodology employed by the fund manager, allocation methodologies used, IPO and “hot issues” allocation process, performance of the fund, trading strategy and fund returns over a two-year period of time. The results of our efforts cased our client to bring charges against the hedge fund management and eventual dissolution of the fund.
  • Investment Performance Assessment. A large foreign privately held corporation, in connection with its litigation, hired us to review the performance of its investment portfolio over a three year period. During the process we evaluated the returns and performance of the account and ran various “what if” performance analysis utilizing various securities and acceptable risk profiles. Case was settled.
  • M&A Due Diligence. We were retained by a large Asian bank to evaluate its purchase of an investment management firm with a significant fund of funds business. We evaluated the financial condition of the entity, its P&L, cash flows and its investment product offering. As part of that evaluation we reviewed investment strategy and process used to monitor its investments and their compliance with investment restrictions and guidelines of the funds and products, and its control environment. We evaluated the risk metrics used to monitor performance of the underlying funds and products. Bank purchased the investment manager.
Recent Client Requests:
  • Mutual fund expert for consulting on existing oil wells business funds.
Click the green button above to contact Expert for a free initial screening call regarding your expert consulting needs.  Expert is available for consulting to corporate, legal and government clients.  Remember, your initial screening call to speak with Expert is free.

Expert Witness:
Expert Witness Experience Summary:
Expert has specific investment product knowledge in commodities, derivatives, fixed income instruments and equity securities.

He also has substantial experience with litigation support assignments, fraud investigations and other due diligence initiatives.

Recent Litigation Client Requests:
  • Hedge fund expert for consulting on variable annuities class action.
  • Expert in hedge funds for litigation involving funds to funds and use of Leverage.
  • Expert in hedge fund due diligence needed as expert witness in litigation.
  • Expert witness for FINRA arbitration case of septuagenarian client bankrupted by a retail broker investing in options.
  • Hedge fund expert witness for consulting on AAA arbitration and hedge fund due diligence.
  • Expert witness for consulting on securities trading litigation case.
  • Private equity funds expert witness for consulting on private equity & emerging markets.
Click the green button above to contact Expert for a free initial screening call regarding expert testimony, litigation consulting and support, forensic services, or any related expert witness services.  A few litigation needs include product liability, personal injury, economic loss, intellectual property (patent, trademark, trade secret, copyright), and insurance matters.  Remember, your initial screening call to speak with Expert is free.

Language Skills:
Foreign Language  
Russian  

Market Research:
Expert has worked in the investment management industry his entire career in various roles including as a Chief Executive Officer for a $19 billion investment management firm and as a National Hedge Fund Director and Partner of a Big 4 Professional Services Firm in New York.

He specializes in providing litigation support services, due diligence in evaluation of M&A and investment transactions, business transformations, “turn around” services, operations and technology related services, controls assurance, risk management, valuations, accounting, and finance consulting to investment managers, administrators, prime brokers, investors and other stakeholders. Expert has specific investment product knowledge in commodities, derivatives, fixed income instruments and equity securities.

Click the green button above to contact Expert for a free initial screening call regarding your marketing research, industry research, and company research needs.  For research needs involving multiple experts or secondary research, a Research Director can be assigned to coordinate the work into a custom report for you as a potentially quicker and more cost effective alternative to doing this work yourself or hiring a boutique consultancy.  Remember, your initial screening call to speak with Expert is free.


Additional Skills and Services:
Training/Seminars

Developed numerous training courses over my career including investment accounting, operations, controls etc

Other Skills and Services

Expert also served in other various roles over his career including: Chief Executive, Chief Operating and Chief Financial Officer of a $19 billion money management firm. The firm advised and sub-advised mutual funds, institutional assets, separately managed accounts and hedge funds. He also served as the Chairman of the Board of Directors of the proprietary mutual fund family. Additionally, Expert was a Chief Financial Officer of a hedge fund complex based in New York, and was a Vice President in charge of mutual fund accounting and administration of a large international investment-bank.

Expert witness support analysis and testimony. A large investment bank has retained us to assist with its defense in a litigation matter involving trading methodology and trading mechanics with a focus on liquidity and operational risk with a large hedge fund. We evaluated trading practices, liquidity management, operational risks of the plaintiff and the defendant.

Risk Infrastructure. A multinational banking and securities firm hired us to assist in its due diligence over their investments in its alternative investment portfolio held by a third party. We have implemented an infrastructure that allowed us and our client to evaluate, on a daily basis, the risks associated with the portfolio activity and the exposure of portfolio to various market forces and scenarios. We also were able to evaluate portfolio risks, leverage, and compliance with investment restrictions of the portfolio.

Fraud Investigation. A hedge fund investor hired us to investigate erratic quarterly activity of the fund. We evaluated the valuation methodology employed by the fund manager, allocation methodologies used, IPO and “hot issues” allocation process, performance of the fund, trading strategy and fund returns over a two-year period of time. The results of our efforts cased our client to bring charges against the hedge fund management and eventual dissolution of the fund.

Investment Performance Assessment. A large foreign privately held corporation, in connection with its litigation, hired us to review the performance of its investment portfolio over a three year period. During the process we evaluated the returns and performance of the account and ran various “what if” performance analysis utilizing various securities and acceptable risk profiles. Case was settled.

M&A Due Diligence. We were retained by a large Asian bank to evaluate its purchase of an investment management firm with a significant fund of funds business. We evaluated the financial condition of the entity, its P&L, cash flows and its investment product offering. As part of that evaluation we reviewed investment strategy and process used to monitor its investments and their compliance with investment restrictions and guidelines of the funds and products, and its control environment. We evaluated the risk metrics used to monitor performance of the underlying funds and products.


 

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