NEW YORK, March 22, 2016 /PRNewswire/ -- Ernst & Young LLP has been named Best Audit Services firm by Alt Credit Intelligence, part of the HFM family of magazines, for its US Fund Services Awards 2016. The firm received this recognition for its superior experience and breadth of offerings to managers operating in the credit space, and for having outperformed its peers over the past 12 months.
"We are honored to receive this recognition of our strong commitment to the hedge fund industry and our exceptional service offerings that continue to exceed client expectations," said Michael Serota, Partner, Financial Services Organization, Ernst & Young LLP, and EY Global Leader of Hedge Fund Services. "Globally integrated EY teams help organizations anticipate and manage regulatory, transactional, accounting, auditing, operational, technology and tax issues and respond to investor demands, facilitating their growth in the evolving hedge fund industry."
This marks the inaugural Alt Credit Intelligence US Fund Services Awards after the brand launched last spring. The awards follow a similar format to the well-established HFM US Hedge Fund Services Awards, which Ernst & Young LLP has won for the past seven consecutive years. A judging panel, made up of hedge fund operations professionals focused within the credit space, reviewed all of the relevant firms in the Audit Services category to determine which company stood out from the rest.
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's 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.
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.
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