708 Before the global pandemic, a trend among investment managers toward outsourcing was already on the rise, driven by increasing investor and regulatory demands. Finding (and retaining) talent is a nearly unprecedented challenge, and even large firms are struggling to keep pace with the rapid advances in technology. In today’s fast-paced business environment, investment managers are constantly seeking ways to optimise their operations and focus on their core competencies. We’re all familiar with alternative funds outsourcing their fund accounting and administration, but this article focuses on the outsourcing of financial statements preparation to a third-party firm, that is not the fund administrator.