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Deloitte’s asset management services practice launches hedge fund emerging manager platform

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Deloitte’s 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 an aggressive two-year build out of the hedge fund practice.

“In today’s environment, emerging managers need recognised industry heavyweights for professional services,” says Cary Stier (pictured), vice chairman and Deloitte’s US asset management services leader. “Deloitte has launched the hedge fund emerging manager platform to provide emerging managers with a solution that offers access to our global network, and customised, creative and responsive service. 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,” says Ray Iler, director, Deloitte & Touche LLP and leader of the hedge fund emerging manager platform in the US. “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. 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 standardised 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 per cent of US hedge funds with more than USD20 billion in assets under management, and 75 per cent of global hedge funds with more than USD20 billion in assets under management.
Download/view the US Hedge Funds 2010 special report


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