Contact: Pamela Shabi
Deloitte
PR manager
+44 20 7303 0587

Deloitte, the business advisory firm, has announced today that its hedge fund practice has doubled in the past year.

Stuart Opp, UK Hedge Fund Leader and partner at Deloitte, commented: "As head of the UK Hedge Fund team for the past year we have seen a 100% growth in our practice revenues in 2007, we plan to double our revenues and our headcount by 2009.   We continue to build our practice by responding to market demand and ensuring we offer the best service to our clients across a wide range of specializations within the sector.”

Opp, added: “While a portion of our growth is due to industry expansion, our quality of service and specialist industry knowledge have lead to meaningful market share gains.  Our UK based team is exceptionally talented and ready to meet further growth in this sector.”

Stuart McLaren, Hedge Fund Regulatory Leader at Deloitte, added: “The increasing complexity of the regulatory and risk environment driven by the FSA and market forces has been a strong driver to our industry leading services in the hedge fund sector.”

About Deloitte
In this press release references to Deloitte are references to Deloitte & Touche LLP which is among the country’s leading professional services firms, providing audit, tax, consulting and corporate finance services. Deloitte & Touche LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu (‘DTT’), a Swiss Verein whose member firms are separate and independent legal entities.  Neither DTT nor any of its member firms has any liability for each other’s omissions.  Services are provided by member firms or their subsidiaries and not by DTT.  Deloitte & Touche LLP is authorised and regulated by the Financial Services Authority.  The information contained in this press release is correct at the time of going to press.