Publications

• From Innocent Roots, Fraud Can Grow Quickly
• CFA Society 2020 Level 3 Textbook - Hedge Funds

Specialties & Experience of this Expert Witness

Additional Information

Barclay Leib, CFE, CAIA is an accomplished alternative asset due diligence professional who has been conducting due diligence and asset allocation on a variety of alternative investments (hedge funds, venture capital, private equity, alternative direct lending) for the majority of the past 20 years. He previously was a senior derivatives trader at firms including JP Morgan, Goldman Sachs, Barclays Bank, and Societe Generale for the first 20-years of his career. He also ran Alternatives Research for Fortigent LLC ($70 bln of assets advised) for two years. Mr. Leib has testified in both AAA arbitration and in Court cases in matters related to hedge funds, due diligence, fiduciary duty, and market manipulation. He has also assisted the SEC, CFTC, SDNY, and FBI, as well as several law firms, in various financial investigations that have resulted in successful criminal prosecutions. Mr. Leib holds an active FINRA Series 65 license, as well as currently inactive Series 7 & 63 licenses (and an expired Series 3 license). He is a member of the Securities Experts Roundtable where he was a speaking at their 2021 annual conference in Washington DC. He has the analytical expertise to dissect complex financial situations, and to explain financial issues in an understandable manner through strong writing skills. Named a Wilson Scholar at Princeton University, Mr. Leib completed his Princeton thesis on the regulatory aspects of the 1980 Hunt Silver Crisis. This research work was subsequently introduced as Expert Analysis into Congressional and Senate Sub-Committee’s records. He later investigated various derivatives trading issues for various financial publications including Institutional Investor, Plan Sponsor, Global Custodian, and Derivatives Strategy. Mr. Leib recently co-authored 2020 CFA Level III curriculum textbook on hedge funds and factor risk, as well as the CFA Level 1 curriculum textbook on Alternative Investments. He has contributed sections of two other books related to alternative investing, and appeared as a guest on Jim Grant's "Current Yield" podcast which can be found at this link: https://www.iheart.com/podcast/263-grants-interest-ra-28372830/episode/hedging-and-hedge-funds-30794355