Deloitte has announced that its
asset management services practice has launched a global full-service hedge
fund emerging manager platform offering a mix of traditional and
non-traditional professional services across audit, tax, financial advisory and
consulting.
The program represents the latest
development in the firm’s two-year build out of the hedge fund practice.
“In today’s environment, emerging
managers need recognised 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 US 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 Ltd member firms with operations
in the United States, Dublin, London, Hong Kong, Luxembourg, Bermuda, Cyprus,
Mauritius and the Cayman Islands.
“We recognize that emerging
managers need the support of a professional services firm with industry
expertise and global reach to handle the many challenges they face today. As a result, this platform was designed to
provide new managers, regardless of their location, with access to our wealth
of global resources and service offerings on a sliding fee scale,” said Norm
McGregor, audit partner with Deloitte in the Cayman Islands.
With the Deloitte Touche Tohmatsu Ltd
member firm network, the practice serves 70 percent of US 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.
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