KPMG reforms hedge fund team
Firm combines hedge fund, real estate and infrastructure teams in alternative investment arm
KPMG
has launched a revamped alternative investment team in what the firm
believes is a response to a ‘turning point’ in the
hedge fund
industry .
‘The demand for assets and investment opportunities means the barriers
between traditionally separate sectors are breaking down. Hedge funds and
private equity groups are increasingly looking at investing in physical assets
such as real estate and infrastructure,’ said Tony Rocker, head of KPMG’s new
Alternative Investment Group.
In response to this trend, KPMG has bought together its
hedge fund, real estate and infrastructure businesses into the Alternative
Investment Group.
The move signals KPMG’s bold ambitions in this area. The firm aims to
quadruple its business in this area within three years.
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