Comparison

AlternativeSoft vs FactSet — Which Is Right for You?

FactSet is a comprehensive financial data and analytics platform — broad but primarily designed for traditional asset classes. AlternativeSoft is purpose-built for institutional alternative investment analytics, hedge fund peer group analysis and AI-powered due diligence that FactSet does not specialise in.

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Comparing:Fund AnalyticsAlternatives FocusPeer BenchmarkingAI Due DiligencePortfolio ConstructionIC Reporting
Trusted by
Aberdeen Asset Management•AllianceBernstein•BNP Paribas•Bessemer Trust•Raiffeisen Capital Management•Unigestion•Lyxor Asset Management•Kedge Capital•Lumyna Investments•Progressive Capital•Aberdeen Asset Management•AllianceBernstein•BNP Paribas•Bessemer Trust•Raiffeisen Capital Management•Unigestion•
Quick Verdict: AlternativeSoft is the specialist choice for institutional investors focused on hedge funds and alternative investments. FactSet excels at broad financial data and traditional asset analytics. For alternatives-specific peer group analysis, AI-powered ODD and institutional portfolio construction, AlternativeSoft is purpose-built where FactSet is general purpose.
Platform Overview

Alternatives Specialist vs Broad Financial Data Platform

FactSet and AlternativeSoft serve different analytical needs within institutional investment teams.

AlternativeSoft is purpose-built for institutional alternative investment analytics — hedge fund peer group analysis, private equity analytics, AI-powered DDQ completion, portfolio construction and automated governance reporting. Used by 150+ institutions since 2005. Hedgeweek Best Risk Management Software four years running.

Alternatives SpecialistAI DDQ AutomationHedge Fund Peer AnalysisPortfolio ConstructionHedgeweek Award Winner

FactSet is a leading financial data and analytics platform covering equities, fixed income, economics and fund data. Broad financial data coverage and analytics for traditional asset classes; not designed as a specialist hedge fund analytics or institutional alternative investment platform.

Broad Financial DataEquities & Fixed IncomeQuantitative ResearchLimited Alternatives DepthNo AI Due Diligence
150+
Institutional Clients
Worldwide
$1.5tn+
AuM Managed by
Our Clients
500k+
Funds in Our
Database
20+
Years of Excellence
Since 2005
Feature Comparison

AlternativeSoft vs FactSet: Institutional Alternatives Capabilities

A focused comparison on the alternative investment analytics capabilities institutional investors need.

Feature / Capability AlternativeSoft FactSet
Hedge Fund Peer Group Analysis
Alternative Investment Specialist
4,000+ Alternatives Risk Statistics
Portfolio Construction (Alternatives)
AI-Powered DDQ Completion
ODD Workflow Management
AI Compliance Flagging
Performance Attribution (Alts)
Private Equity Analytics (IRR/PME)
Drawdown & Tail Risk Analysis
Automated IC Reporting (Alts)
White-Label Fund Fact Sheets
Pension Fund Governance Documentation
eVestment & HFR Integration
Multi-Provider Fund Database (500k+)
Which Platform Is Right for You?

AlternativeSoft or FactSet — Who Needs What

Choose AlternativeSoft if you need…

  • Institutional analytics purpose-built for hedge funds and alternatives
  • AI-powered DDQ completion and ODD workflow management
  • Peer group analysis across 500,000+ alternatives funds
  • Portfolio construction and risk monitoring for multi-manager portfolios
  • Governance documentation for pension fund trustee requirements

FactSet may suit you if…

  • Your primary need is broad financial data across equities, fixed income and economics
  • You need FactSet's quantitative equity and credit research tools
  • Your team uses FactSet's Excel add-in and proprietary research platform
  • Your analytical focus is primarily traditional asset classes with limited alternatives exposure
Switching to AlternativeSoft

Adding AlternativeSoft for Alternatives Analytics

Many institutions use FactSet for traditional assets and AlternativeSoft specifically for their alternatives allocation.

01

Define the Alternatives Need

Identify whether FactSet meets your hedge fund peer group analysis, AI-powered due diligence and alternatives portfolio construction requirements.

02

Add Alternatives Analytics

AlternativeSoft provides the specialist alternatives analytics depth that FactSet is not designed to deliver — from peer benchmarking to AI DDQ completion.

03

Connect Data Sources

AlternativeSoft integrates with Bloomberg, eVestment, HFR and other providers alongside FactSet data for a complete alternatives analytics infrastructure.

Client Testimonials

Trusted by 150+ Leading Institutions

“

AlternativeSoft streamlines many useful performance-based analytics including portfolio optimisation, peer evaluation, and relative analyses. An intuitive platform that is additive to our processes.

Aberdeen Asset Management
Head of Risk Management
★★★★★
“

A practical and user-friendly tool used as part of our portfolio construction and risk management process. Their extensive support and responsiveness provides real added value.

AllianceBernstein
Co-head, Risk Management & Portfolio Construction
★★★★★
“

From statistical analysis on a single hedge fund to portfolio construction, risk analysis and stress testing — one of the most effective and intuitive tools I have handled.

BNP Paribas
Hedge Fund Solutions
★★★★★
Best Risk Management Software
Hedgeweek — 4 Consecutive Years
Best Portfolio Analytics Platform
HFM European Awards
10+ Industry Awards
Recognised since 2005
ISO & GDPR Compliant
Enterprise-grade Security
FAQ

Frequently Asked Questions

AlternativeSoft is purpose-built for institutional alternative investment analytics — hedge fund peer group analysis, AI-powered DDQ completion, private equity analytics and portfolio construction for alternatives. FactSet is a broad financial data platform primarily designed for traditional asset class research and quantitative analysis.
FactSet provides some fund analytics capabilities, but its peer group analysis is not designed specifically for institutional hedge fund benchmarking at the depth that AlternativeSoft provides. AlternativeSoft's peer group module covers 500,000+ hedge funds and alternatives with 4,000+ ranking statistics.
Yes. Many institutional investment teams use FactSet for traditional asset analytics and AlternativeSoft specifically for their alternative investment allocation. AlternativeSoft connects to multiple data providers and can complement a FactSet workflow without requiring replacement of FactSet for traditional assets.
AlternativeSoft provides dedicated AI-powered DDQ completion that reads fund documents and generates questionnaire responses automatically, reducing completion time by up to 90%. FactSet does not provide AI-powered institutional fund due diligence capabilities.
Both platforms use enterprise pricing that varies by usage and client size. For institutions specifically focused on alternatives analytics, AlternativeSoft typically offers better value for alternatives-specific capabilities. Contact AlternativeSoft to discuss pricing for your specific requirements.
Request a Demo

See AlternativeSoft
in Action

Join 150+ institutional investors who rely on AlternativeSoft to select and monitor funds. Book a personalised demo with our team today.

  • Live walkthrough of the full platform
  • Tailored to your asset class — hedge funds, mutual funds or private markets
  • Q&A with our investment analytics specialists
  • Free trial access available following the demo
  • Dedicated onboarding and implementation support
Hedgeweek Best Risk Management Software — voted by clients 4 years running
Data integrations include:
BloombergeVestmentMorningstarPreqinPitchbookHFR

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