AAA
has welcomed moves by global auditing and accountancy firm KPMG to
expand its alternative investment team by adding five new members in
the US.
Boston,
MA, USA, August 23, 2012 -- Alternative Asset Analysis (AAA) has
welcomed moves by global auditing and accountancy firm KPMG to expand
its alternative investment team by adding five new members in the US.
The
advisory firm has taken on Ted Carreiro to join its alternative
investment fund practice in Boston. Carreiro is the former managing
director of State Street Bank and Trust’s AIF division and has more
that 18 years experience.
KPMG
is also taking on Phillip W. DeSalvo, who has worked with a large
number of businesses before to help them to instigate transactions,
structure and execute deals. Michael R Richards is another new
addition and has over 22 years of relevant experience. He will lead
the KPMG transaction services practice in the West Coast region.
The
boost to the alternative investment team reflects the increase in
interest in alternatives as individuals and institutional investors
struggle to make significant returns when invested in savings bonds
and the stock market. “The stock market is pretty inactive and
interest rates are at historic lows,” asserted AAA’s analysis
partner, Anthony Johnson.
KPMG
said in an official statement that alternatives were becoming
increasingly important to the firm. “KPMG is committed to becoming
the market leader in serving the alternative investments industry and
our latest additions to the team demonstrate our goal to have the
broadest set of skills and in-depth knowledge of the most important
regulatory and business issues facing the industry,” said Al
Fichera, national partner in charge, alternative investments-audit,
in a statement.
AAA
supports range of alternative investments, including timberland
investment through sustainable plantations such as the one run by
Greenwood
Management in Brazil.
AAA
claims that timber prices are set to rise of the back of more
activity in the Chinese, Indian and US housing markets. As a result,
it could be the best time for a while for investing in timberland.
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.
Media
Contact:
Anthony
Johnson
Alternative
Asset Analysis
71
Commercial St
Boston,
MA 02109-1320
617-939-9596
No comments:
Post a Comment