Meliosa O’Caoimh, Country Head, Ireland, Northern Trust: Our experience is that across-the-board, managers are showing increasing willingness to outsource functions that are not core to their business. Outsourcing can help firms tap into expertise, economies of scale and cost savings – this covers functions ranging from back office operations to capital markets functions like securities finance, foreign exchange, and the trading desk.

Outsourcing should also free-up resources that can be used to help drive growth in other areas of the business – outsourced providers can offer holistic solutions to help maximize a manager’s effectiveness and improve their workflows. So we see outsourcing as becoming a key strategy for hedge funds and asset managers more broadly.