Financial Services Industry
Industry: Email Alert RSS FeedPwC sets up unit to help hedge fund managers.
Financial News, November, 2001
PricewaterhouseCoopers has set up a unit dedicated to supporting new hedge fund managers across Europe, in a recognition of what it calls the industry's explosive growth.
The European hedge funds group will advise on the tax and legal implications of financial instruments and will consult on regulatory compliance, risk management and performance reporting.
A spokeswoman for PwC says: "Setting up and running a hedge fund business can be more challenging than running the hedge fund itself."
The new European unit will take advantage of the experience PwC had gained in the US.
The firm has had a global alternative investment management team in place for several years there.
Overall, the accountancy firm claims it has been...
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