PWC HAS TRUMPED Ernst & Young to win the audit of three arms of a hedge fund – Newsmith UK, Newsmith Japan and Newsmith Europe; the Big Four leader replaced its smaller rival from 2 September 2010.
A signatory to the Hedge Fund Standards Board, its first investment portfolios were launched in 2004, at the same time as offices were established in London and Singapore.
No one was available to comment on the change of auditor.
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Dr Richard Willis provides a several thousand-year history lesson of the profession, from origin to modern-day