Erin B. McHugh

Associate Director


Tel: +44 20 7659 8736
Fax: +44 20 7659 8501

New York City
Tel: +1 212 345 2990
Fax: +1 212 345 4650

Email: erin.mchugh@nera.com
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MBA, MIT Sloan School of Management
BA, magna cum laude, in economics and French, Amherst College
Chartered Financial Analyst® (CFA®) charterholder


Ms. McHugh is an Associate Director in NERA's Securities and Finance Practice and manages projects in the areas of economics, finance, and valuation. She has consulted on litigation and arbitration matters in various venues, as well as on internal and regulatory investigations. In regulatory investigations, Ms. McHugh has consulted on matters involving retail sales of equity-linked structured notes and the alleged manipulation of benchmark rates.

Ms. McHugh has consulted on numerous disputes between brokerage firms and customers concerning investments in equities, derivatives, fixed income, and structured finance securities. She has evaluated risk characteristics of the investments, suitability, concentration, and damages, among other issues. 

Ms. McHugh has consulted on matters involving the valuation of financial products (including various derivatives) and business assets. She has substantial experience with auction-rate securities and structured finance securities, such as subprime RMBS and CDOs, as well as in analysis of the impact of the credit crisis on liquidity and pricing.

In matters involving hedge funds, Ms. McHugh has estimated counterfactual hedge fund performance and flows absent an alleged breach. She has also assessed the performance of fund trading strategies, evaluated the marks attributed to positions, and measured the effects of alleged mis-marking on investors. In securities class action lawsuits, she has analyzed issues of class certification, materiality, and damages. 

Ms. McHugh has presented at industry conferences and law firms on topics such as damages estimation in broker-customer disputes and disputes involving alleged benchmark manipulation, valuation techniques, and the risk characteristics of contingent convertible securities. She is also a co-author of “Floating-Rate Mortgage Securities” in The Handbook of Mortgage-Backed Securities (Frank J. Fabozzi, ed., 2016).

Ms. McHugh holds an MBA from the MIT Sloan School of Management and a BA, magna cum laude, in economics and French from Amherst College, where she was awarded three departmental prizes in economics. She is a CFA® charterholder and has also completed coursework in finance and mathematical finance at New York University.