Alternative asset managers are faced with an unprecedented demand for reporting.  Prior to 2012, investment managers issued as few as six reports per year.  However, given new legislation and regulations as a result of the financial crisis, managers now potentially face filing more than 60 reports per year, including investor reports and due diligence reports, Forms PF, CPO-PQR, AIFMD, TIC-S, SLT, TIC-B, SEC 13F, Solvency II and Basel III, plus CFTC and EMIR derivative reporting, among others.  In addition to the number of reports that need to be filed, all of them need to be completed quickly.  What is worse is that they are not spaced out evenly over the year and tend to come due at the same time.  Consequently, firms need to devote extra resources during peak reporting times, only to then redeploy them during lulls.  This makes efficiency difficult to achieve.  Only a systematic, thoughtful and holistic approach can bring efficiencies to these demanding reporting requirements.  In a guest article, John Sampson, an executive director in the Financial Services Office of Ernst & Young LLP, describes an eight step framework for an integrated, effective and repeatable hedge fund reporting solution.