Experienced hedge funds will tell you that outsourcing human resource administration, payroll and employee benefits with a Professional Employer Organization (“PEO”) is an easy decision once you find a PEO that suits your needs. They will also tell you that PEO marketing brochures look alike, but your experience with a PEO will be largely determined by factors not addressed in any brochure. To get the most out of a partnership with a PEO, hedge funds need to consider the following: (i) Does the PEO Understand Hedge Funds?; (ii) billing methods, (iii) Call Center vs. Dedicated Service Team, (iv) Partner/member processing.