EY Receives Three Prestigious Hedge Fund Recognitions

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Feb 19, 2015, 10:00 ET

NEW YORK, Feb. 19, 2015 /PRNewswire/ -- EY, an organization of leading service providers to start-up and established hedge funds, has received three recent industry honors for its work in tax, auditing and advisory services to hedge funds.

EY received two honors from The Hedge Fund Journal Awards 2015, which celebrates the leading service providers to the European hedge fund industry. The publication named EY the Leading Hedge Fund Tax Practice and also recognized Mike Serota, the Global Hedge Fund Services co-leader, EY Global Wealth & Asset Management tax leader, and a partner in the Financial Services Office of Ernst & Young LLP in the U.S., for his Outstanding Contribution in Tax and Accounting.

"One of EY's key successes are its hedge fund practices, which stand out for their longevity, broad range of client capability and high market share," said Rod Sparks, Publisher, The Hedge Fund Journal. "We're happy to honor EY in this regard, as well as Mike Serota, who has been instrumental in helping EY build substantial and well-respected hedge fund practices, and played a part in shaping the supply of professional services to the hedge fund industry."

"It's always gratifying to be recognized by your clients and peers," said Serota. "EY continues its commitment to our clients in the hedge fund industry to provide them with services that will better prepare them for the challenges they are facing."

In addition, Ernst & Young LLP was ranked the top Accounting/Auditing Firm in the U.S. in the Hedge Funds Review Service Provider Awards 2014. The third annual ranking provides insight on the industry's preferred service providers. It surveys over 1,000 professionals, including hedge fund managers and investors, to reflect how they view the overall quality of service from their providers.

"These awards affirm the consistent, excellent service that we aim to provide our hedge fund clients across all areas of business—from regulatory compliance, to auditing and tax services," said Art Tully, Partner, Financial Services, Ernst & Young LLP, and EY Global Hedge Fund Services Co-Leader.

About EY
EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com.

This news release has been issued by Ernst & Young LLP, a member of the global EY organization that provides services to clients in the US.

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SOURCE EY