On December 5, 2012, KPMG, LLP announced the addition of several new hires to its Alternative Investment Funds practice in Los Angeles and San Francisco. See also “Survey by AIMA and KPMG Identifies the Key Drivers of the Bifurcation of the Hedge Fund Industry Between Larger and Smaller Managers,” Hedge Fund Law Report, Vol. 5, No. 21 (May 24, 2012).