CMRA Selected Assignments
- 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
