KPMG Acquires Rothstein Kass

In an effort to expand in the alternatives space, KPMG has acquired Rothstein Kass in an agreement in which most of the principals and employees of Rothstein Kass will join KPMG.
By Jake Safane(2147484770)
In an effort to expand in the alternatives space, KPMG has acquired Rothstein Kass in an agreement in which most of the principals and employees of Rothstein Kass will join KPMG.

KPMG says the transaction is expected to close in the coming weeks, and terms of the agreement will not be disclosed.

“This agreement will significantly strengthen KPMG’s market position in the Alternative Investments space and enable us to provide the highest level of service to hedge funds of every size and at every stage of growth, from emerging managers to the most seasoned funds,” says P. Scott Ozanus, deputy chairman and COO of KPMG. “It demonstrates that KPMG intends to continue to invest in enhancing capabilities to service this fast-growing market and our clients.”

“Joining KPMG positions us extremely well as the demand for emerging hedge fund managers and new launches at existing funds continues to expand,” says Howard Altman, chairman of Rothstein Kass. “Our combined expertise will enhance the services we provide to clients navigating the regulatory and business complexities in the global hedge fund industry—today and in the future.”

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