Prior to that, at AIG, Mr. Gubitz was an Asst Director responsible for an operations team that managed $18B in AUM related to private equity, hedge funds, co-investments and real estate portfolios. The team was responsible for booking cash transactions, valuations and attributes in the sub-ledger. Worked in partnership with investment accounting at quarter end/ year end closes. He worked with IT to create an "other invested assets" feed into the AIG investment database warehouse and dashboard buildouts. He also projected quarterly net investment income to management and enhanced SOX controls. One of his achievements was creating a platform to record new AIG joint venture real estate transactions.
Education and Licenses:
Mr. Gubitz currently holds a Bachelor of Science (BS) in Accounting from Touro College.
Mr. Gubitz is the founding member of G Square Investments LLC.
A Financial Services Executive with almost 20 years experience in investments, operations, accounting, marketing, platform building and distribution channels.
Mr. Gubitz was one of the first employees at Smith Barney Alternative Investments (currently Morgan Stanley) and helped build out the alternative investment platform. As Vice President, he oversaw system's investment on-boarding, broker payroll, revenue reporting, valuation/transaction processing. He also communicated frequently with high net worth (HNW) investment consultants and sales personal.
As Head of Hedge Fund Operations at AIG, Mr. Gubitz managed the operations of a $5B hedge fund portfolio. Responsibilities included operational due diligence, coordinating transactions between many internal and external parties, performance reporting, liquidity reporting, administrator oversight, facilitating internal and external audit requests. He also handled the operations related to bringing externally managed assets over to be managed internally. This included system integration for performance reporting and liquidity reporting.
Diane T. Herte
Ms. Herte is the founding member of Pinnacle Accounting & Consulting Services LLC.
An Executive with 30+ years of global experience with proven success in identifying risk, strengthening process and controls, as well as implementing best practices for partnerships, primarily private equity funds. Ms. Herte’s experience includes all aspects of partnership operations including accounting, financial reporting, investor services, audit support and coordination, tax reporting and cash management
At BlackRock, Ms. Herte held several senior alternative asset management roles, including managing director of the private equity department head within the firm’s Global Fund & Accounting Services group. Most recently she held the role of Global Fund & Accounting Services (“GFAS”) Alternative Investments Transition Coordinator, where she was involved with the integration of new investment teams and complicated investment products into BlackRock’s operating platform. Previously and for most of her tenure at BlackRock, Ms. Herte held the role of GFAS Private Equity Department Head. In this role, she was directly responsible for a team of 35 which provided administration, accounting and financial reporting for 150 private equity funds holding 1,000 unique investments. The Team acted as the “controllers” group for each Fund and provided partnership accounting services including cash management and liquidity, investment capacity, financial statement oversight, coordination of audits and outsource administrator oversight.
Prior to that, Ms. Herte held several management roles within Merrill Lynch & Co. and various roles at Arthur Anderson & Co. Ms. Herte is the founding member of Pinnacle Accounting & Consulting Services LLC. Ms. Herte received her B.B.A., magna cum laude, in Accounting from Adelphi University, and is a Certified Public Accountant in New York and New Jersey. .
Education and Licenses:
Certified Public Accountant in New York and New Jersey
B.B.A., magna cum laude, in Accounting from Adelphi University
Mr Umashankar is the founding member of BluePeak LLC.
An Executive with 25 plus years of experience in operational management of single manager hedge funds, fund of hedge funds, closed end PE style hybrid funds, special opportunistic and other alternative products. He has extensive knowledge on the management and operations of Alternative Products, team building, process development and improvement, operational due diligence and vendor management.
Mr. Umashankar, while at SEI managed a team overseeing the fund accounting and administration services of hedge and PE funds. As a Senior Director his responsibilities included among other things, oversight of calculation of the net asset values, coordination of audits, process efficiency initiatives and staff enablement and training.
At BlackRock, Mr. Umashankar served as a Director in the Global Fund and Accounting Services team. During the period he served at BlackRock, he was part of the process to build a multi-layered team of VPs, Associates and Analysts. The role involved the oversight of Alternative Products ranging from $2 million to $2 billion in net assets which included stand-alone entities, master/feeder structures with tax blockers, mini-masters and special purpose vehicles, etc. In addition, his responsibilities further included administrator oversight, providing leadership in new product launches, staff enablement, fund governance oversight, etc.
Mr. Umashankar further held the position of Senior Account Manager at Fortis Funds Services where he specialized in overseeing both hedge fund administration and the management of Fortis’s top strategic client relationships. The role also involved accounting for complex financial products, review and manage investor relations for all clients.
Education and Licenses:
Certified Public Accountant (Colorado State Board of Accountancy, USA) – (Inactive)
Chartered Accountant (Institute of Chartered Accountant of India) – (Inactive)
Bachelor of Commerce (University of Madras, India)