This One Chart Tells You Everything You Need to Know About a Rothstein Kass Acquisition

From the first moment the Rothstein Kass KPMG rumors started circling the bowl, it was pretty clear that RK's golden child is its hedge fund practice. Surely KPMG wasn't interested in the deal just so they could acquire Rothstein Kass' novelty cell phone stand named Trusty.

Well, Audit Analytics put things in handy chart form so we can really see why KPMG might want to acquire RK:

According to Audit Analytics, RK holds 12% of the total hedge fund market, and the top five have about 75% of the total market share between them. Assuming the acquisition is happening, and assuming KPMG retains all or even most of Rothstein Kass' hedge fund clients, KPMG would certainly catapult itself out of that #5 spot.

 

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Related articles

SEC Takes Away Privileges From Another Felon In KPMG/PCAOB Scandal

David Middendorf’s trial buddy, Jeffrey Wada, the now-former PCAOB inspections leader who fed confidential information about upcoming audit inspections to some folks at KPMG, including Middendorf, in the hopes of landing a job at the Big 4 firm, is now prohibited from appearing or practicing before the Securities and Exchange Commission as an accountant. Wada’s […]