Rothstein Kass Publishes Alternative Investment Fund Proforma Financial Statements Manual

ROSELAND, N.J., Nov. 8, 2010 /PRNewswire/ -- International professional services firm Rothstein Kass (www.rkco.com) has issued an "Alternative Investment Fund Proforma Financial Statements Reference Manual," available to clients and other interested parties by request. The guide is a new, cutting-edge tool for preparers of financial statements for hedge and hybrid funds, fund of funds and master-feeder structures. The first-edition of the Rothstein Kass reference manual includes sample financial statements for Domestic Fund, L.P.; Offshore Fund, Ltd.; Master Fund, L.P.; Domestic Feeder, L.P.; and Offshore Feeder, Ltd. structures.

"For years, alternative investment fund managers have contended with intense demand for available resources, as the industry has attracted increasing allocations from institutional investors including pension and endowments. Current economic conditions have accelerated the trend toward broad-scale implementation of institutional-quality policies and procedures. As they work to meet the market demand for greater transparency, alternative investment managers are looking beyond performance to better understand fund-level risk – from regulatory requirements to liquidity and balance sheet exposures," said Vince Calcagno, Principal-in-Charge of Rothstein Kass' Southern California offices. "There is growing awareness that evolving domestic and international accounting standards can help to restore investor confidence by providing the framework for comparability and consistency through uniform disclosures."

"As a leading professional services provider to the alternative investment community, an important aspect of Rothstein Kass' mission is to help clients keep pace with industry innovation. We regularly publish white papers and research, and host industry events and webinars that are designed to promote informed discourse and development of best practices," said Howard Altman, Co-CEO and Principal-in-Charge of the Rothstein Kass Financial Services Group. "Our latest effort was created through our work with a diverse range of private investment fund clients – from start-ups to multi-billion dollar funds. Our collaborative culture has enabled us to draw insight from across organizational levels and practice areas to produce a comprehensive guide that will allow senior hedge fund executives to devote greater resources to investment management functions."

About Rothstein Kass:

Rothstein Kass is a premier professional services firm that has served privately held and publicly traded companies, individuals, and families for more than 50 years. Rothstein Kass is consistently ranked as a top CPA firm to the alternative investment industry in independent, third-party surveys. The Rothstein Kass Financial Services Group provides services to many high-profile and respected clients including hedge funds, fund of funds, private equity and venture capital funds.

The Rothstein Kass Financial Advisory Services practice is a division of the firm's Advisory Services Group that provides independent and objective guidance on matters spanning all aspects of the client relationship. The Financial Advisory Service practice advises Rothstein Kass clients in tactical service areas including strategy, operations, technology, compliance and risk. Strategic services include infrastructure and operations, service provider evaluation, and organizational advisory. Clients include hedge fund and private equity fund managers, institutional investors, mutual funds, broker / dealers and insurance companies.

SOURCE Rothstein Kass