This document discusses how outsourcing business processes can help hedge funds achieve operational efficiency and credibility. It notes that outsourcing can help funds rapidly launch new strategies, reduce costs by leveraging expert staff, maintain training and technology expertise, mitigate key person risk, and demonstrate robust operations to investors. The document then outlines the comprehensive outsourced services that FIS provides for hedge funds, including managing infrastructure, supporting software applications, and performing front, middle and back office operations through their dedicated hedge fund team. It argues that outsourcing non-core operations allows funds to focus on their core competencies and improve the client experience.