He was also responsible for identifying, initiating and maintaining the firms’ “hedge fund hotel” which provided a full service turn-key solution to over 15 managers at any given time. This included interfacing with outside attorneys, establishing infrastructure and negotiating all vendor contracts. He also coordinated business entity documentation such as private placement memorandums and Form ADVs as well as overseeing compliance, regulatory audits and communications with these regulatory agencies.
Concurrent with his responsibilities at Strome he served on the Board of Directors of a publicly traded company and assisted in its formation, growth and sale.
Mr. Lambert served as the Chief Financial Officer of Kayne Anderson & Co. Inc from 1987 through 1992. At Kayne Anderson & Co., he supervised corporate and fund accounting, corporate and fund tax planning and compliance, hedge fund formations, hedge fund operations and regulatory financial reporting. He also was the Financial and Operations Principal for Kayne Anderson’s affiliated broker dealer managing relationships with key business partners including clearing brokers.