Independent research and advisory firm Aite Group LLC recently prepared a report entitled “Outsourcing Services Landscape for Investment Managers.” The report draws insights from five major providers of business function outsourcing services to hedge fund managers and traditional asset managers. The survey focused primarily on business function outsourcing (such as back office services) as opposed to technology outsourcing. The report describes the evolution of the outsourcing landscape; the goals and drawbacks of outsourcing; recent trends in outsourcing, the types of services that can be outsourced; and the types of outsourcing services available. The report also summarizes the services offered by each survey participant, how many outsourcing clients each provider has and what percentage of those clients are alternative investment managers. This article summarizes the chief considerations for hedge fund managers when making outsourcing decisions, as outlined in the report.