Deloitte has been selected as the top accounting firm in the Alpha Magazine 2008 Alpha Awards by the Hedge Fund 100, Alpha’s most exclusive ranking of the world’s largest single-manager hedge funds.  Voters have rated Deloitte as the pre-eminent accounting firm for four consecutive years.

"Deloitte’s multidisciplined approach and dedication to excellence has proven again to be the model that meets our clients’ sophisticated needs best," said Stuart Opp, Global Investment Management Leader at Deloitte. "We are honoured to be recognised as a leader in the marketplace by our clients. It is their belief in our commitment that has made our practice such a success. We will continue our efforts to earn their respect every day."

In a year that proved to be a true test of the client-provider relationship, Deloitte surpassed its Big Four competitors in four out of five specific service categories, including audit, tax, hedge fund expertise and client service. Deloitte ranked second overall in audit and hedge fund expertise, and third overall in client service and tax.

Michael Peltz, executive editor of Alpha, a sister publication of Institutional Investor commented: "To attract institutional capital, especially amid the swirl of enormous market turbulence, hedge funds need the help of capable and trustworthy service providers. The Alpha Awards show which providers are winning hedge funds’ trust."

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Note to editors

About the awards
The 2008 Alpha Awards surveyed more than 1,000 hedge fund firms representing an estimated $1.5 trillion in assets under management. The period surveyed was for the 12 months ended March 31, 2008.

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.

Deloitte & Touche LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu (‘DTT’), a Swiss Verein, whose member firms are legally separate and independent entities.  Please see www.deloitte.co.uk\about for a detailed description of the legal structure of DTT and its member firms.
The information contained in this press release is correct at the time of going to press.

For more information, please visit www.deloitte.co.uk.