GREENVILLE, S.C. (October 22, 2015) — Elliott Davis Decosimo is pleased to announce that it is ranked among the nation’s top 10 leading hedge fund auditors by two of the top publications covering the hedge fund industry.
HFM Week and Hedge Fund Alert have both ranked Elliott Davis Decosimo at No. 10 within their respective rankings highlighting the top 20 CPA firms auditing hedge funds managed by SEC-registered advisors. The HFM Week ranking is determined by research conducted quarterly for the second quarter of 2015, while the placement on the Hedge Fund Alert list is based on research performed annually.
“The growth in our hedge fund audit practice is a direct reflection of the trust our clients have placed in Elliott Davis Decosimo. It also speaks to the dedication and expertise of our team of professionals,” said Shareholder Renee Ford, Investment Companies Practice Leader.
“When you consider that 76 percent of this market is served by Big Four firms, we are pleased to be a strong alternative for middle-market funds that seek out a relationship-driven firm that understands the business and has the expertise to meet clients’ needs,” said Shareholder Karl Jordan, a senior member of the Investment Companies practice.
Elliott Davis Decosimo is registered with and inspected by the Public Company Accounting Oversight Board and serves many types of investment companies, including hedge funds, fund of funds, private equity groups, venture capital funds, real estate partnerships, small business investment companies, mezzanine debt funds, common trust funds, unit investment trusts, offshore funds, business trusts and group trusts. These funds range in size from small start-ups to funds with more than $1 billion in assets, with a primary focus being on funds in the $50 million to $500 million range. In addition to traditional assurance and tax services, the firm also helps fund clients with investment performance verification, valuation of privately-held investments and surprise custody examinations under the SEC Custody Rule provisions for Registered Investment Advisors.