NEW YORK, Nov. 23 /PRNewswire/ -- Ernst & Young LLP has been named Best Accounting Firm of 2009 at the inaugural Hedge Fund Manager Week US Service Provider Awards. It beat out four other finalists for the prestigious award at a ceremony at the Jumeirah Essex House in New York.

Judges for the award commented, "One company demonstrated its large footprint in the hedge fund industry, which, combined with consistent growth and focus on the hedge fund marketplace, made Ernst & Young a very worthy winner."

Awards were presented to winners in 26 different categories of the hedge fund industry at the ceremony. Ernst & Young LLP topped the other finalists in the Best Accounting Firm category, which were: Deloitte, KPMG, PwC and RSM McGladrey.

Arthur F. Tully, Partner, Financial Services and Global Hedge Fund Practice Co-leader, Ernst & Young LLP said, "It is an honor to receive this recognition. It reflects our ongoing efforts to provide relevant insights into our client's most pressing issues, particularly in today's challenging business market."

"This award is a testament to our efforts to provide consistent, high-quality service to our asset management clients as we strive to anticipate, understand and offer insight into the biggest issues facing our clients," added Michael J. Serota, Partner, Financial Services and Global Hedge Fund Practice Co-leader, Ernst & Young LLP.

Ernst & Young is a leader in serving the global financial services marketplace

Nearly 30,000 Ernst & Young financial services professionals around the world provide integrated assurance, tax, transactions and advisory services to our asset management, banking, capital markets and insurance clients. In the United States, Ernst & Young LLP is the only public accounting firm with a separate business unit dedicated to the financial services marketplace. Created in 2000, the New York City-centered Financial Services Office today includes more than 3,300 professionals in over 30 locations across the US, as well as in Bermuda, the Bahamas and the Cayman Islands.

Ernst & Young professionals in our financial services practices worldwide align with key global industry groups, including Ernst & Young's Global Asset Management Center (based in London), Global Banking & Capital Markets Center and Global Insurance Center (both based in New York), which act as hubs for sharing industry-focused knowledge on current and emerging trends and regulations in order to help our clients address key issues. Our practitioners span many disciplines and provide a well-rounded understanding of business issues and challenges, as well as integrated services to our clients.

With a global presence and industry-focused advice, Ernst & Young's financial services professionals provide high-quality assurance, tax, transactions and advisory services, including operations, risk and technology, to financial services companies worldwide.

It's how Ernst & Young makes a difference.

About Ernst & Young

Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 144,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential.

For more information, please visit www.ey.com.

Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity.

This news release has been issued by Ernst & Young LLP, a member firm of Ernst Young Global Limited located in the US.

SOURCE Ernst & Young LLP

Back to top

RELATED LINKS
http://www.ey.com