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.
