PRLog - Dec. 12, 2012 - BOSTON -- Boston, MA, USA -- Alternative Asset Analysis (AAA) has welcomed news that KPMG has invested in expanding its alternative investment fund team on the West Coast.
The US audit, tax and advisory firm has brought on several new staff to enhance its Alternative Investment Funds (AIF) national team. The new staff will be based in Los Angeles and San Francisco and will be responsible for providing expertise on real estate, hedge fund and private equity investment.
"The news that KPMG is building on its alternative investment team further cements the view that alternatives are becoming increasingly in-demand and attractive to regular investors," stated Anthony Johnson, AAA's analysis partner.
This was a view that was shared by other analysts in the industry who also took the move as a sign that things are heating up in the alternative investment market.
Mr Johnson added, "It's not too surprising that alternatives have become so popular following the global economic crisis. The stock markets are volatile and people are looking for tangible assets to invest in, such as gold, timber, real estate and even wine and art."
However, KPMG knows that there are an increasing number of regulatory pressures on the alternative investment industry and that it needs the right experts to help it circumvent these.
Chuck Walker of KPMG's Alternative Investment funds - Tax division, told RFP Connect: "KPMG is determined to put in place the best team of talent in the industry focusing on serving Alternative Investment firms, large, medium and small."
"We are thrilled to announce the latest partners to join us as we continue strengthening our Alternative Investments team."
AAA is an alternative investment advocacy group. It supports a range of alternative investment funds and routes, with an emphasis on ethical and sustainable asset classes, such as non-native tree plantations in Brazil, run by businesses like Greenwood Management.
About Alternative Asset Analysis:
The remit of Alternative Asset Analysis is to analyse and provide news on the global performance of a wide range of alternative asset classes including, but not restricted to, commodities, real estate, forestry, foreign exchange, hedge funds, private equity and venture capital.
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