Global presence key for hedge fund audit firms
Ernst & Young’s international presence is a big draw for hedge fund managers while KPMG and Rothstein Kass plan to grow their global footprint as competition among accounting and audit firms heats up.
"When it comes to accounting and audit services for hedge funds, we think there is really a ‘big five'," says Howard Altman, co-CEO and co-managing principal of Rothstein Kass and head of its financial services group.
The results of Hedge Funds Review's service provider rankings support Altman's case.
Rothstein Kass was ranked as the top audit and accounting firm by respondents in the US by a sizable margin, garnering 30% of the votes compared with 19% for second placed Ernst & Young.
Rothstein
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