Friday, 21 October 2016
Last updated 14 hours ago
Mar 23 2007 | 11:53am ET
KPMG has consolidated its hedge fund, real estate and infrastructure businesses into one unit dubbed the alternative investment group, including staff from KPMG's corporate finance, tax, transaction services, audit and advisory practices.
The alternative investment industry is at a turning point, according to Tony Rocker, head of the new group. “The demand for assets and investment opportunities means the barriers between traditionally separate sectors are breaking down,” he said.
“Hedge funds and private equity groups are increasingly looking at investing in physical assets such as real estate and infrastructure. Both these sectors are experiencing tremendous inflows of capital from institutional investors seeking investment performance.”
Rocker added KPMG expects to quadruple its business in this area within three years.