ALLAN FOSTER

1691 Alvarado Ave. Unit

29
Cell (415 706 9815) Walnut Creek, CA
94597
afcfd9b2@westpost.net
Objective: Director or Manager of fund accounting in a hedge fund
firm

SUMMARY: STRONG EXTENSIVE LEADERSHIP AND ANALYTICAL EXPERIENCE IN

THE MUTUAL FUND/HEDGE FUND INDUSTRY WITH OUTSTANDING TRACK RECORD AS
A TEAM LEADER AND A TOP PERFORMER. STRONG CURRENT TECHNICAL KNOWLEDGE
IN ALL AREAS OF FUND ACCOUNTING INCLUDING ADMINISTRATION AND
OPERATIONS, FINANCIAL REPORTING, SEC AUDITS, FIRM AND FUND AUDITS,
TAX, FUND AND FIRM COMPLIANCE AND REPORTING, EXPERTISE ALSO IN HUMAN
RESOURCES, PAYROLL, TRAINING, PERFORMANCE REPORTING, INVESTMENTS,
SECURITY TRADING AND LIAISON WITH CLIENTS FOR REPORTING AND DUE
DILIGENCE MEETINGS. OTHER EXPERIENCE ALSO INCLUDES 4 YEARS AS A
GLOBAL FIXED INCOME ANALYST FOCUSING ON SUCH AREAS AS ASSET
ALLOCATION, PERFORMANCE ATTRIBUTION AND ANALYSIS, DAILY PORTFOLIO
ANALYSIS, PROJECTS, RISK MANAGEMENT MONITORING AND REPORTING TO THE
BOARD. I am highly respected by CPA & SEC personnel that have worked
with me over my career.
A consistent & successful track record of turning unstable and
underperforming departments into strong efficient ones that
ultimately supports itself after a period of time. Possess excellent
ability to interact with all levels of staff and management under
difficult situations and tight deadlines. I have consistently
received either monetary, stock or employee recognition awards as a
top performer at each firm.
Employment History:
LUMEN ADVISORS LLC (Investment advisor a" hedge fund registered
with SEC a" San
Francisco)
2003-2008
(A startup company)
CFO, CCO AND COO
*
Actively managed all operations of the business, including the
finances of the firm. Responsibilities also included human resources,
payroll, employee benefits, legal matters, fund and firm compliance,
currency trader, client meetings and presentations and third party
relationships of the firm and the funds.
*
Oversaw the pricing of the securities of the funds, separate
accounts and audits of the funds including financial statement
oversight and preparation and tax return oversight and preparation.
Ability to cut operating expenses to the bone during period of
dwindling revenues.
*
 Prepared and filed SEC Filings and updated prospectus filings,
monthly NAV packages, capital allocation client statements, handled
complex trade settlement issues and was the direct report for
overseeing an SEC routine audit examination of the firm in 2008.
*
Created a company employee benefit plan package including a custom
401K plan which I am still currently a trustee of.
*
Strong analytical ability and consistent track record to resolve
issues in a quick manner and in the best interests of the client and
the firm.
*
Client relationship manager for the firm.
*
Never had a default of a portfolio investment, counterparty or firm
obligation on my watch or an inaccurate valuation of a security in 5+
years with the firm.
*
Clients and owner had 24 hour access to me as main owner traveled
frequently around the world and firm had clients located in Europe
and Asia.
WELLS CAPITAL MANAGEMENT INC. (SUBSIDIARY WELLS FARGO - INVESTMENT
MANAGEMENT a"
S.F.)
1999-2002
FIXED INCOME PERFORMANCE ATTRIBUTION ANALYST
*
Created the fixed income analytical tools and data used to calculate
attribution and portfolio analysis for fixed income products.
*
Built quantitative tools to better define the investment process for
the firm for equity and fixed income products.
*
Systems used and or evaluated include Salomon Yield Book, Lehman
Point, CMS Bondedge, Investortools Perform, Bloomberg, Wilshire
Axiom, Zephyr and the accounting system Axys from Advent.
*
Provided recommendations to improve performance which included which
portfolio managers to keep or let go.
HEAD OF INVESTMENT OPERATIONS
*
Stabilized and grew operations department from 6 people to
approximately 30 people over 18 months for a firm with over 100
billion in assets under management which included liquidity accounts
for firms' clients short term cash needs, and long term investment in
equities and fixed income.
*
Trained and developed inadequate staff and portfolio managers how to
use Advent accounting, several staff are still there today eight years
after my departure and one of them has been the manager of the
performance department since that time.
*
Created a performance department that included marketing literature
that was GIPS compliant with reporting standards that are still in
use today.
*
Drastically reduced trading errors and when they occurred to turn
them into profitable trades.
*
Drastically reduced security settlement fails including
international trades to less than 1%.
*
Selected as 1 of 5 star employees of the firm for the year 1999 with
total employees of the firm over 100.
OPERATIONS SOLUTIONS INC (Self employed) (Full time client - Wells
Capital Management a"
S.F.)
1998-1999
Consultant
*
Proactively managed the daily operations of the international
investment team's back office for Wells Capital Management.
*
Consulted on all matters of the client concerning investment
operational issues and reported to one of the 9 senior members of the
management committee of the firm.
CAPMAC INVESTMENT MANAGEMENT INC. (Investment management a" San
Francisco)
1997-1998
(A STARTUP WHOSE PARENT WAS ACQUIRED BY MBIA)
VICE PRESIDENT OF INVESTMENT ADMINISTRATION
*
Managed the daily investment accounting operations and the
administrative tasks of running an investment company.
*
Managed the daily operations of trade settlement, portfolio
valuations, currency trading and some basic IT issues.
*
Monitored compliance of separately managed accounts, assisted in
writing a CBO prospectus and the preparation of the filings of
quarterly ADV reports.
LIECHTENSTEIN GLOBAL TRUST (FORMERLY G.T. GLOBAL INC. - INVESTMENT
MANAGEMENT a"
S.F.)
1990-1997
Global Fixed Income Analyst & Director of Fixed Income Compliance
Fund Accounting Manager/Assistant Treasurer
Fund Accounting Supervisor
THE BOSTON COMPANY (Mellon Bank a" registered investment company
a" Boston, MA) Fund Accounting Manager
THE PIONEER GROUP, INC. (Registered investment company a" Boston,
MA)
Senior Fund Accountant
PUTNAM INVESTOR SERVICES, INC (Registered investment company a"
Boston, MA) Fund Accountant
EDUCATION:
*
B.S. Degree in Accountancy, Bentley University a" Waltham, MA
Prestigious EQUIS accreditation 1 of only 2 business schools in U.S.
and AACSB international accreditation
*
Associate Degree in Management, Bentley University a" Waltham, MA
*
Candidate for Masters Degree in Finance a" finished over 1 year in
program before moving to West Coast
*
Financed 100% of educational cost through loans, scholarships and
employment