Investment Risk Management &

Due Diligence Expert Witness

CFP® Standard of Care Expert Witness | Hedging Expert Witness

Kerry G. Campbell, CFA®, CFP®, AIFA®

Mr. Campbell has over 30 years of financial industry experience and is the principal of a financial litigation consulting firm, Kerry Campbell LLC. He serves as an expert witness for disputes concerning investment risk management, due diligence, asset allocation, the CFP® standard of care and concentration of investments. Mr. Campbell provides securities consulting and expert witness services to law firms, financial institutions and investors. 

He has worked in investment research and portfolio construction, as a Managing Director at Arden Asset Management, and as a Senior Vice President at Guggenheim Partners.  He has worked in prime broker risk management as a Managing Director at Bear Stearns.  Prior to that he worked as a commissioned registered representative, a funding officer and as a credit analyst/loan officer.

He is an Approved FINRA Dispute Resolution Arbitrator, a Chartered Financial Analyst®, a CERTIFIED FINANCIAL PLANNER™, an Accredited Investment Fiduciary Analyst™ and a Securities Experts Roundtable Member.  He has held the following licenses: Series 7 – General Securities Representative, Series 55 – Equity Trader Representative, Series 63 – New York Uniform Agent and Series 65 – Uniform Investment Advisor.

Mr. Campbell served as the sole experience witness for the claimant in an
$8.7 million award
¹ in July 2018. In addition, he served as an expert witness for the claimant in a $1.8 million award² in June 2019.  He has been retained as an expert witness for petitioners in State Court, for defendants in Federal District Court, for claimants and respondents in FINRA Arbitrations, and for claimants in offshore Federal Courts. He has been retained by institutional investors, high net worth investors, and large global diversified financial institutions.

Professional Experience

 

  • Kerry Campbell LLC; (Feb 2014 – present)  Principal

    • Financial Litigation and Investment Management Consulting

      • Serve as a financial expert witness on behalf of plaintiffs and defendants in arbitrations and litigations.

      • Provide independent research and analysis on investments, portfolio management and risk management.

  • Arden Asset Management; (March 2010 – January 2014)  Managing Director 

    • Hedge Fund Manager Research and Portfolio Management 

      • Headed Equity Market Neutral Manager Research.  In addition, also covered Multi-Strategy Funds.

      • Managed $950 million in equity market neutral and multi-strategy allocations.  Performed qualitative and quantitative due diligence of existing and prospective managers.  Made allocation and redemption decisions.

      • Allocated to three managers in Arden’s 1940 Act Fund (ARDNX).  Allocations to two equity market neutral quantitative funds represented new hedge fund relationships. A third allocation was a new strategy (risk premia capture/smart beta) for an existing manager relationship. 

      • Participated in monthly calls with hedge fund managers and wrote monthly manager reviews.  Assessed risk-adjusted performance.  Analyzed performance attribution and decomposed return into a beta and alpha component.

      • Published and presented the “Equity Market Neutral Monthly Strategy Report.”  Analyzed factor performance in the U.S., Europe and Asia.  Monitored equity pair-wise realized and implied correlations.

      • Performed portfolio optimizations (Mean Variance, CVaR and MVaR).  Evaluated historical time series.  Integrated forward looking asset class outlooks, strategy views and individual manager ratings into the optimization process.

      • Constructed customized portfolios based on clients’ return target, risk tolerance and liquidity requirements.

  • Campbell Advisors; (Jan 2009 – Feb 2010)  Principal

    • Served as a financial expert witness on behalf of plaintiffs and defendants in FINRA arbitrations.

  • Guggenheim Partners;  (Nov 2003 – Dec 2008) Senior Vice President 

    • Hedge Fund Manager Research and Portfolio Management 

      • Headed Credit Strategy Manager Research (long/short credit, distressed, convertible arbitrage, credit event).

      • Managed $725 million in credit related allocations.  Performed qualitative and quantitative due diligence of existing and prospective managers. Made allocation and redemption decisions.

      • Managed a $100 million customized long/short credit fund for a U.S. insurance company.

      • Headed relationship management with a large public pension fund.  This included: (1) overseeing portfolio construction for a $530 million bespoke multi – strategy managed account; (2) conducting monthly calls; and (3) producing and presenting quarterly reviews to the public pension’s investment team and third party consultant. 

      • Completed monthly manager reviews which highlighted changes in exposures, theses and performance attribution.

      • Wrote monthly newsletters for three multi-strategy funds (flagship and two customized funds).

      • Made presentations to prospects and existing clients.  Contributed frequently to RFP’s and ad hoc client requests.

  • Bear Stearns & Company; (2001 – 2003) Managing Director 

    • Prime Brokerage Risk Management

      • Set haircuts on hedge fund portfolios.  Approved “one–off” enhanced leverage for individual multi–legged positions.

      • Monitored portfolios’ sensitivity to equity delta, interest rates, credit spreads, volatility and the passage of time.  

      • Performed historical stress tests and prospective “what if” stress tests.

 

Previous Work Experience:

 

  • Commissioned Registered Representative / Private Wealth Management (9 years)

  • Credit Analyst / Loan Officer (2 years)

 

Education

 

  • University of Chicago Booth School of Business

    • MBA Finance, June 1990            Dean’s Honor List

  • Fordham University Gabelli School of Business

    • B.S. Finance, Summa Cum Laude, May 1986​

Professional Certifications

  • Chartered Financial Analyst® (2009)

  • CERTIFIED FINANCIAL PLANNER™ (2017)

  • Accredited Investment Fiduciary Analyst™ (2018)

  • Approved FINRA Dispute Resolution Arbitrator (2015)

 

Citations:

1.)  FINRA Arbitration Award: https://www.finra.org/sites/default/files/aao_documents/16-01066.pdf

2.)  FINRA Arbitration Award: https://www.finra.org/sites/default/files/aao_documents/17-03279.pdf

  • Liability
  • Damage Calculations
  • Out-of-Pocket Damages
  • Market-Adjusted Damages
  • ​Well-Managed Account
  • Inappropriate Asset Allocation
  • Over Concentration
  • Suitability
  • Trading Analysis
  • Breach of Fiduciary Duty
  • Uniform Prudent Investors Act (UPIA)
  • Fiduciary Best Practices
  • Portfolio Management
  • Security Analysis
  • Risk Management
  • Negligence
  • Elder Financial Abuse
  •  Misrepresentations and Omissions
  • Failure to Supervise
  • Stocks, Bonds, Options and Futures
  • Mutual Funds
  • Hedge Funds
  • Inverse Exchange Traded Funds
  • Leveraged Exchange Traded Funds

Our Experts    |    Services    |    FINRA Arbitration    |    Mediation    |      Pro Bono Services    |    Contact

Barrington Financial Consulting Group, Inc.

3800 American Blvd West | Suite 1110 | Bloomington, MN  55431
800-741-0704  |  952-857-2411  |  Fax: 952-835-1504  |  E-mail


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