EY in the US Voted Best Accounting Firm to Hedge Fund Industry For Seventh Consecutive Year

NEW YORK, Nov. 9, 2015 /PRNewswire/ -- EY announced today that Ernst & Young LLP was named Best Accounting Firm by the HFM US Hedge Fund Services Awards 2015 for the seventh consecutive year.

"EY is honored to receive this recognition again and we believe it affirms our long-standing commitment to serve hedge funds through every phase of their business," said Michael Serota, Partner, Financial Services Office, Ernst & Young LLP, and EY Global Leader of Hedge Fund Services. "Our globally integrated teams continue to excel at guiding organizations through the evolving hedge fund industry by helping them anticipate and manage regulatory, transactional, accounting, auditing, operations, technology and tax issues and respond to investor demands."

Each year the HFM US Hedge Fund Services Awards recognize companies that have outperformed their peer group in demonstrating outstanding service and support to the North American hedge fund industry in the past year. Entries undergo two stages of judging, shortlisting and final judging, and are assessed both quantitatively and qualitatively. At each stage, a panel of senior level industry representatives evaluates performance results, qualitative information and customer testimonials to reach their decision.

"We are very proud of our strong history of exceeding client expectations and working with this industry through its maturity cycle," said Natalie Deak, Partner, Financial Services Office, Ernst & Young LLP, and EY Americas Hedge Fund Markets Co-leader. "We look forward to providing ongoing support and advice as managers focus on growth."

In addition to providing core audit and tax services, EY firms offer a wide range of specialty services that can help clients manage risk and improve their organizations' growth, tax efficiency and compliance. EY Hedge Fund practices consist of dedicated professionals who serve the asset management industry across key financial centers in North America, South America, the Caribbean, Europe and Asia. Their wide-ranging and diverse global clients employ all strategies – from long/short equity to the most complex global fixed income and derivatives funds, as well as funds of funds.

About EY

EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com.

This news release has been issued by Ernst & Young LLP, a member of the global EY organization that provides services to clients in the US.

SOURCE Ernst & Young