To do finance, accounting, analysis or reporting well, FAAR℠ believes that it is not sufficient to be technically proficient in their sciences. Instead, this aptitude in quantitative analytics and the ability to comply with promulgated reporting standards must be married to a strong investment acumen, an in-depth familiarity with accounting, and a belief in the need and usefulness of the art of “story-telling”. In the context of finance and FAAR℠, “story-telling” refers to nothing more than unearthing a narrative that explains the status, the happenings, and performance of investments and operations (both those consummated and those contemplated) in a simple, cohesive, and comprehensive way.
Delivering FAAR-Better℠ services and tools entails 1) making use of substantial professional experience to properly define desired work-products); 2) utilizing the requisite business/investment acumen to develop an innovative and difference-making outlook to the challenges; 3) exploiting accounting, analytical and other technical expertise to formulate effective solutions; 4) carrying-out the work with the right frame of mind; and 5) delivering the work product in a straightforward and insightful format. For the arena of investment/fund management, FAAR℠ has applied analytical and reporting concepts from outside the fund industry (specifically, proven concepts borrowed from managerial/cost accounting discipline). Finally, these components are melded together by processes and tools that are well thought-out and powerful.
The entire framework is carried-out and directed by FAAR℠'s Principal, a short biography of whom is presented below:
Principal
Kenneth Leung
Kenneth Leung has over 30 years of professional experience of an accounting, analytical, and auditing nature. Twenty of those years were spent working in the financial services sector with administrators and managers of investment funds. During these tenures he performed, reviewed, and/or over-saw the accounting, analysis, and reporting for a multitude of investment vehicles such as mutual funds, hedge funds, private equity funds, funds-of-funds, timber funds, and business development companies. Prior to Mr. Leung’s entrance into the financial services sector, he worked for 10 years with a multi-national manufacturer and a top-tiered auditing firm.
Mr. Leung has developed an extensive expertise in the compilation and analysis of financial statements, in the development of financial projections and models, in general accounting, in manufacturing (or cost) accounting, and in internal controls of both a financial and operational nature.
Mr. Leung’s expertise has been developed in a setting which is international in scope both as a result of his tenures with diverse multinational companies and also from having lived and worked in Italy. As a result of those multi-cultural experiences and his ancestral background, Mr. Leung speaks Italian and Cantonese in addition to English.
Professional Experience
• Brown Brothers Harriman, Senior Financial Reporting Manager
• BNY Mellon, Vice President - Financial Reporting
• Prudential Timber Investments, Assistant Controller
• PriceWaterhouseCoopers (formerly Price Waterhouse), Senior Auditor
• Johnson & Johnson Professional, Senior Cost Accountant
Education
The University Of Texas
Bachelor of Business of Administration - Accounting
Professional Certification
• Has been certified as a public accountant in Massachusetts