KPMG is to become the leading audit, tax and advisory services provider in the US hedge fund market with the addition of Rothstein Kass partners and employees.
KPMG has claimed that the deal represents their commitment to serving the broader alternative investments industry and capital markets, including hedge funds, private equity, real estate, infrastructure and other segments of the industry. The transaction is expected to close in the coming weeks and terms of the agreement will not be disclosed.
“Combining the strength of KPMG and its global reach with Rothstein Kass’ leading market position will create the preeminent professional services provider in the hedge fund market,” said John Veihmeyer, global chairman of KPMG.
“This powerful combination will provide the services and capabilities our clients need as they face new regulations, increasing market complexity and global convergence that are affecting hedge funds and the broader alternative investments industry around the world.”
Steven Kass, CEO of Rothstein Kass, commented: “This is a game changer and we are truly excited by the expanded global opportunities that this combination will present for our clients and our people.”
“We are looking forward to a seamless transition that will provide business continuity for both our clients and professionals, and are committed to continuing to provide the highest level of service for which KPMG and Rothstein Kass are known.”
