Comparison

Looking for a FactSet Alternative for Alternatives?

FactSet is an excellent broad financial data platform for equities, fixed income and traditional assets. AlternativeSoft is the specialist for institutional alternatives — purpose-built for hedge funds and private markets with deeper alternatives data coverage, AI-powered operational due diligence and end-to-end allocator workflow that general-purpose platforms do not provide.

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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 a leading FactSet alternative for institutional allocators focused on hedge funds, mutual funds and private markets. While FactSet offers broad financial data across traditional asset classes, AlternativeSoft is purpose-built for alternatives — deeper hedge fund coverage via HFR/eVestment/Preqin, AI-powered cloud ODD, and alternatives-specific peer group analysis.
AlternativeSoft offers significantly deeper hedge fund analytics: 4,000+ risk-adjusted statistics, hedge-fund-specific peer group analysis, style drift detection, drawdown attribution and AI-powered DDQ completion. FactSet's strength is broad coverage across traditional and alternative assets; AlternativeSoft's strength is depth in the alternatives space.
Both platforms use enterprise pricing that varies by client size and modules. AlternativeSoft uses modular pricing — clients pay for the capabilities they actually use, which often results in significant cost savings versus a full FactSet subscription for institutions focused specifically on alternatives.
AlternativeSoft integrates with Bloomberg, HFR, eVestment, Preqin, Pitchbook, Morningstar and Albourne — covering 500,000+ funds. FactSet covers a broader range of traditional asset classes (equities, fixed income, macro) at significant depth; AlternativeSoft has equal or greater depth on alternatives data specifically.
Yes. AlternativeSoft includes an integrated AI-powered Cloud Operational Due Diligence platform — AI DDQ completion, document summaries, compliance flagging and a centralised ODD hub. FactSet does not provide an integrated AI-driven due diligence workflow for institutional allocators.
It depends on your workflow. If you primarily need broad financial data across all asset classes, FactSet remains strong. If your workflow is alternatives-focused — hedge fund research, manager due diligence, alternatives portfolio construction and IC reporting — AlternativeSoft is purpose-built for that workflow and typically delivers better outcomes at lower cost.
AlternativeSoft's onboarding team handles full migration: portfolios, benchmarks, custom screens and reporting templates carry over. Most clients are running in 2 to 4 weeks. Existing data subscriptions (Bloomberg, HFR, Preqin, eVestment, Morningstar) plug directly into AlternativeSoft.
Yes. Many AlternativeSoft clients retain FactSet for broad financial data and equity/fixed income workflows, and use AlternativeSoft as their dedicated alternatives analytics platform. The two can run side by side with no conflicts.
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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