Sat, May 30, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Deloitte Asset Management Services launches emerging manager platform offering tax, auditing, advisory and consulting

Tuesday, October 19, 2010
Opalesque Industry Update - Deloitte announced today its asset management services practice has launched a global full-service hedge fund emerging manager platform offering a unique mix of traditional and non-traditional professional services across audit, tax, financial advisory and consulting. The program represents the latest development in an aggressive two-year build out of the hedge fund practice.

"In today's environment, emerging managers need recognized industry heavyweights for professional services. Deloitte has launched the hedge fund emerging manager platform to provide emerging managers with a solution that offers access to our global network, and customized, creative and responsive service," said Cary Stier, vice chairman and Deloitte's U.S. asset management services leader. "If you launch with Deloitte, you stay with Deloitte. A client cannot outgrow our services. Deloitte delivers results that matter."

The emerging manager platform offers traditional services like audit, tax compliance and fund structuring bundled with non-traditional services including general partner and international tax planning, regulatory and compliance, and technology and operations on a sliding fee scale that keeps pace with the manager's growth. The emerging manager platform is led by 23 partners, principals and directors and more than 250 specialists internationally through the Deloitte Touche Tohmatsu Limited (DTTL) member firms with operations in the United States, Dublin, London, Hong Kong, Luxembourg, Bermuda, Cyprus, Mauritius and the Cayman Islands.

"Today emerging managers face the pressure of having to operate like a mature fund before they can fully absorb the associated costs, which is why we have designed this global program to offer full service at a sliding cost. It will be difficult for emerging managers to succeed without access to the right services; we understand that and are committed to meeting that need," said Ray Iler, director, Deloitte & Touche LLP and leader of the hedge fund emerging manager platform in the U.S. "From the investor perspective, a new manager's choice of Deloitte provides instant creditability and confidence. And, for institutions seeding emerging managers, we can offer consistent tax and financial reporting and standardized service offerings regardless of geography."

Deloitte's hedge fund practice offers access to a global bench of talent in audit and tax, valuation, anti-fraud, governance and oversight, regulatory and compliance, risk management, technology and operations, structuring, and assessment of third party administrator/prime brokerage relationships. With a DTTL member firm network of more than 3,500 specialists in more than 40 countries, the practice serves 70 percent of U.S. hedge funds with more than $20 billion in assets under management, and 75 percent of global hedge funds with more than $20 billion in assets under management.

(press release)

Source

kb

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: New TMT hedge fund adopts the long-term approach[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Adam Parker founded Center Lake Capital LLC in New York in November 2014. Before that, he was portfolio manager at Point State Capital (the successor fund to Dr

  2. Regulatory - Hedge funds face tax as Iceland poised to end capital controls, Comment: Why alternatives need more transparency, not enforcement[more]

    Hedge funds face tax as Iceland poised to end capital controls From Bloomberg.com: Hedge funds and other investors who bought claims against Icelandís failed banks face a tax that targets the lendersí estates as the government prepares to unveil its plan for exiting capital controls in t

  3. Investing - Nelson Peltzís Trian Fund Management reduces position in Legg Mason, Biotech investors up big amid bubble talk, Hedge funds increase exposure in healthcare[more]

    Nelson Peltzís Trian Fund Management reduces position in Legg Mason From Octafinance.com: Trian Fund Management has filled a SC 13D/A form regarding Legg Mason, Inc. Per Nelson Peltzís Trian Fund Managementís filing, the filler reported decreased stake in the company by -11.05% to 11,03

  4. All hedge fund strategies rebounded last week as market conditions normalize[more]

    Komfie Manalo, Opalesque Asia: After a difficult start this month, all hedge fund strategies ended last week in positive territory, as the Lyxor Hedge Fund Index gained 0.9% (-0.2% MTD, 3.3% YTD). According to Lyxor AMís latest Weekly Briefing, in t

  5. Billionaire hedge fund investor Odey says April 'bloody', has cut risk[more]

    From Reuters/Yahoo.com: Billionaire hedge fund manager Crispin Odey has cut risk and leverage following a stunning 19.3 percent loss in his 3.1 billion euros (2 billion pounds) Odey European Inc fund in April, a letter to investors seen by Reuters showed. Describing the month as "bloody", Odey

 

banner