NEW YORK, July 1, 2014 /PRNewswire/ -- KPMG LLP, the U.S. audit, tax and advisory firm, has completed its acquisition of certain assets of Rothstein Kass and the admission of most of the former Rothstein Kass principals and employees. The combination brings together KPMG's expansive alternative investments presence and global reach with Rothstein Kass's hedge fund industry expertise and personnel. With the addition of Rothstein Kass's capabilities and team members, KPMG becomes a market leader in providing the highest level of service to hedge funds of every size and at every stage of growth, while also enhancing the firm's already strong position in the alternative investment space – including private equity, real estate, infrastructure and hedge.
"Adding Rothstein Kass's team to KPMG significantly enhances the services we provide to hedge funds of all sizes, all around the globe, and at every stage of the fund lifecycle," said John Veihmeyer, Global Chairman of KPMG. "With the explosive growth of capital moving into hedge funds, enhancing trust has never been more important to investors, regulators, and the broader industry. The global reach and market-leading expertise KPMG now offers will be vital to hedge funds operating around the world and complying with a multitude of regulatory and legal requirements."
KPMG's Alternative Investments practice, with more than 6,000 partners and professionals worldwide, provides audit, tax and advisory services to hedge, private equity, real estate, and infrastructure funds, and is an integral part of the firm's Financial Services business line.
"The deal is a powerful demonstration of KPMG's expanding strength in and commitment to serving the broader Alternative Investments industry and capital markets," said P. Scott Ozanus, Deputy Chairman and COO of KPMG. "The enhanced team not only offers clients and prospects an unparalleled client experience, but it also extends to them an ability to leverage the expertise of the largest auditor of hedge funds."
About KPMG LLP
KPMG LLP, the audit, tax and advisory firm (www.kpmg.com/us), is the U.S. member firm of KPMG International Cooperative ("KPMG International"). KPMG International's member firms have 155,000 professionals, including more than 8,600 partners, in 155 countries.
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SOURCE KPMG LLP