CMRA Selected Assignments

  • CMRA's Expert Reports and Testimony Pivotal in Judge's $600 MM+ Ruling in Barclays/Devonshire litigation
  • Expert in multiple Lehman related matters
  • Expert on valuation in event of default on municipal swap
  • Consulting expert in major bankruptcy derivative valuation case
  • Expert in an arbitration on the business decisions in entering a swap vs other alternatives
  • Expert in liquidation of large, MBS hedge fund
  • Expert on valuation of ABS/MBS portfolio that was liquidated
  • Expert on liquidation of 40K OTC derivatives in a bankruptcy
  • Valued complex structured products in counterparty bankruptcy for several SPV's
  • Advised a major dealer on valuations of over 40K level 2 and level 3 credit and mortgage derivatives in a counterparty bankruptcy
  • Advised on interpretation of 1992 and 2002 ISDA Master Agreements
  • Expert witness in operational "Best Practices" for CDS
  • Advised sovereign wealth fund in redemption valuation and other issues for an emerging market hedge fund
  • Advised on issues related to losses incurred in short duration bond fund
  • Dr. Peter Niculescu served as a testifying expert in a london based commodity margin case
  • Advised the Board of an insurance company on the risks in a new variable rate annuity product
  • Assisted the Board of a large pension plan in the creation of a Risk Appetite and Attitude Statement
  • Provided Board Education program on "Lessons Learned from the Crisis"
  • Conducted Risk Governance Survey of 140 financial institutions
  • Expert in a litigation related to the impact of the bailouts on solvency under 1987 ISDA
  • Expert in a litigation related to margin calls, valuation, and events of default on a Total Return Swap on a bespoke portfolio of loans
  • Valued a portfolio of 200+ non-agency RMBS and provided an expert report in a regulatory investigation
  • Expert in an ABCP litigation
  • Provided advice in several pre-litigation reviews of valuation of complex derivatives in bankruptcy
  • Conducted due diligence for a private equity investor on a rmbs broker/dealer
  • CMRA assisted the Mutual Fund Directors Forum in the creation of "Risk Principles for Fund Directors"
  • Drafted and reviewed risk management policies and practices for numerous traditional and alternative asset managers and recommended improvements.
  • Prepared expert reports and/or testified in numerous high-profile cases involving complex financial instruments and "meltdowns" including the Russian debt crisis, the "Columbus Day mortgage meltdown," Sumitomo Copper, Minmetals, Askin, various market timing cases, etc.
  • Served as independent consultant appointed as part of SEC enforcement settlement.
  • Reviewed CDO valuation practices for several clients.
  • Analyzed numerous CDOs of large investment managers and recommended structuring and risk management enhancements.
  • Advised major asset management companies on global compliance, risk management, risk governance, and new product development.
  • Worked with Buy Side Risk Managers Forum to develop new risk principles for asset managers (to be published 4th quarter, 2007).
  • Advised major global macro fund regarding "risk branding."
  • Advised on the acquisition of a credit derivatives business.
  • Provided M&A/due diligence support on a fund of funds acquisition.
  • Trained boards of several public pension funds in risk budgeting techniques and advised on asset allocation.
  • Conducted due diligence on numerous traditional and alternative funds and managers on behalf of institutional investors.
  • Benchmarked the practices of hedge funds, money managers, funds of funds, investment banks, commercial banks, derivatives companies, and institutional investors vs. "best practice."
  • Was hired by the Federal Reserve, SEC, CFTC, and NYS Banking Commission to conduct a comprehensive review of the derivatives business of a major bank.
  • Helped identify the issues confronting Orange County at the time of its crisis.
  • Advised on the unwind of an emerging market hedge fund with over 100 derivative positions.

More Selected Assignments by Client Type