Comments on: Hedge Funds And Their Auditors – It’s Good To Be Aggressive

By: re: The Auditors » Blog Archive » Do Prospective Inspections of Broker-Dealer Auditors Present An Opportunity?

Fri, 19 Nov 2010 01:40:33 +0000

[...] technical talent. Most prefer to work in a smaller firm where they can really shine. A firm like Rothstein Kass, a medium size east coast firm that specializes in hedge funds, is a good example. Another is SAS [...]

By: re: The Auditors » Blog Archive » Send Lawyers, Guns And Money… The Big 4 And Their Litigation

Wed, 03 Mar 2010 01:38:25 +0000

[...] In the meantime, they did settle Parmalat, but now they’re named in several suits related to the Merrill Lynch acquisition by Bank of America and the Bear Stearns failure. Deloitte is the only Big 4 firm to have escaped any Madoff feeder fund exposure even though they are supposedly the number one choice of hedge funds. [...]

By: Anonymoun (for now)

Anonymoun (for now) — Tue, 14 Apr 2009 18:45:56 +0000

As someone that has made living in the alternative investment auditing business for 25 years I have a couple of points of information. Rothstein is a highly respected firm in the hedge fund industry. There is definately a movement away from “2nd tier” firms to the Big Four with recent scandles but my bet is that Rothstein is doing just fine (McGladrey…not).

The auditors of Citadel are PwC – out of New York. Anderson were their auditors and the work moved to Deloitte when most of Anderson joined Deloitte. The work then went out to bid and landed with PwC.

By: Francine McKenna

Francine McKenna — Tue, 25 Nov 2008 22:16:00 +0000

@4:11: 00

Then who? I called twice. No response. If not Deloitte, someone from Citadel who reads me every day is sure interested in all the bad news about Deloitte. That’s all the look for when they visit the site.

By: Anonymous

Anonymous — Tue, 25 Nov 2008 22:11:00 +0000

Citadel’s auditor is not Deloitte =)

By: Anonymous

Anonymous — Thu, 20 Nov 2008 02:05:00 +0000

You have never heard of Rothstein Kass and you are writing a blog about accounting firms??? Lady, you need to get out some more, I don’t have a blog but I am aware of other firms besides the big four…your comments sounded biased to say the least and its a shame you use this blog to trumpet your ignorance. Rothstein Kass was ranked within the top 20 firms nationwide…and anyone that knows the hedge fund industry, would know of the excellent work they perform. To interpret the assistance the offer to their clients in regards to FAS 157 as being other than independent, one would have to have a very unrealistic view of client service and independence. Read a book lady.

By: Anonymous

Anonymous — Wed, 19 Nov 2008 22:12:00 +0000

http://www.thehedgefundjournal.com/awards/the-hedge-fund-journal-us-awards-2008/thfj-us-awards-winners.pdf

By: Anonymous

Anonymous — Tue, 18 Nov 2008 10:16:00 +0000

Interesting article. And you’re right – the studies and research are garbage. Only two firms are even vaguely in the running – EY and PwC (thanks largely to first mover advantage). Rothstein is good, but only in the US, little presence globally. I would say (as an auditor of hedge funds for over a decade and now a CFO at a hedge fund) that EY are marginally top over PwC. Deloittes really are playing catch up and KPMG seemed to have decided strategically they are not going after that business.

By: Anonymous

Anonymous — Fri, 14 Nov 2008 23:50:00 +0000

Point of clarification…Priapus…it is a real fund but the name – look up what Priapus means from Greek mythology – is very funny and what they focus their investment strategy on is, well, interesting. So the tip may have been a play on words or just a understated joke not an actual investment tip.

As FM said – do your due diligence which in this case was a 5 second google search.

By: Francine McKenna

Francine McKenna — Fri, 14 Nov 2008 21:41:00 +0000

@3:23

Thanks for pointing this issue out. I have a policy on the comments: Either I publish or I don't. I never edit. This is for legal reasons as well as practical, community reasons.

In particular, when a comment is posted anonymously, readers should be skeptical and never react without doing their own due diligence. This is not an investment or trading site. Nothing that I say about the myriad of clients of the audit firms should be construed as investment advice.

I will keep a closer eye on this going forward. I'm not going to delete this comment. (I can't edit it it at this point.) I will remind readers now that the views of the commenters do not reflect my views not do I endorse them. The only opinions I am responsible for are my own.