What Alternative Asset Managers Need To Know About Financial Statement Preparation

Whether it is capitalising on opportunities, mitigating risks associated with volatile markets, shedding light on ESG, or keeping on top of ever evolving regulation and compliance obligations, alternative asset managers have become increasingly reliant on outsourced solutions to keep moving forward.

Because of ongoing regulatory changes, including the recent Private Fund Adviser Rules issued by the US Securities and Exchange Commission, investment funds have increasingly become subject to financial statement reporting, audits and annual filings. The reporting season at the start of the year is an opportune time for alternative asset managers to examine what new rules have emerged since the last reporting cycle and accordingly, whether it is best to outsource their financial reporting including financial statement preparation.