PwC named leading hedge fund audit firm in the U.S.

PwC was recognized as the leading hedge fund audit firm in the US, according to analysis reported by HFMWeek, a UK-based global hedge fund publication. The new rankings, compiled jointly with New York-based AlphaPipe, were released in the magazine on Jan. 31, 2014.

According to the 1Q Service Provider Snapshot rankings, PwC audits 2,342 hedge funds, more than any other firm. PwC’s figure represents market share of 22.4% of hedge funds managed by registered investment advisors and 30.1% of regulatory assets under management.

Going forward, PwC expects robust growth in the global hedge fund marketplace, as noted by US Alternative Investments Assurance Leader Mike Greenstein in HFMWeek. “First, the desire to grow and leverage scale will drive today’s leading managers to broaden their asset classes, product offerings and distribution channels,” he said. “Second, the industry’s entrepreneurial roots will continue to drive emerging managers to create institutional-quality businesses.”

See the rankings at: http://www.hfmweek.com/__data/assets/pdf_file/0007/67903/Snapshot_NEW.pdf Access the HFMWeek (subscription only) article at: https://www.hfmweek.com/features/2014/01/alphapipe-hfmweek-service-provider-snapshot-1q14