KPMG and Rothstein Kass, a professional services firm in the hedge fund industry, have entered into an agreement by which most of the principals and employees of Rothstein Kass will join KPMG. As a result of this agreement, KPMG will be positioned as a premier professional services provider for the US hedge fund market.
The agreement brings together KPMG’s expansive alternative investments presence and global reach with Rothstein Kass’ industry leading expertise and personnel.
According to KPMG, the deal is a powerful demonstration of KPMG’s strength in and commitment to serving the broader alternative investments industry and capital markets, including hedge funds, private equity, real estate, infrastructure, and other segments of this important industry. The transaction is expected to close in the coming weeks, and terms of the agreement will not be disclosed.
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, infrastructure and fund of funds, and is an integral part of the firm’s financial services business line.
Rothstein Kass has more than 1,000 principals and professionals in 10 offices across the US. It provides audit, tax, and advisory services to hedge fund, private equity, venture capital, and other clients.