Comparison

AlternativeSoft vs Novus — Which Is Right for You?

Novus provides hedge fund portfolio analytics focused on transparency and look-through reporting. AlternativeSoft provides the broader institutional investment workflow — fund screening, peer group benchmarking, AI-powered due diligence and portfolio construction — that Novus does not cover.

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Comparing:Portfolio AnalyticsPeer BenchmarkingFund ScreeningDue DiligenceDatabase AccessIC 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 stronger choice for institutions needing end-to-end alternatives analytics from fund screening through portfolio construction, due diligence and IC reporting. Novus focuses on holdings-based portfolio transparency and look-through analytics for institutions that already have managers selected.
Platform Overview

End-to-End Workflow vs Holdings-Based Transparency Analytics

AlternativeSoft and Novus serve different points in the institutional investment workflow.

AlternativeSoft covers the complete institutional investment workflow — systematic fund screening, peer group analysis, portfolio construction, AI-powered due diligence and automated IC reporting. Integrated with 10+ data providers and trusted by 150+ institutions since 2005.

Complete WorkflowFund ScreeningAI Due DiligencePeer Group AnalysisHedgeweek Award Winner

Novus is a portfolio analytics platform focused on holdings transparency, factor analysis and portfolio monitoring for institutional hedge fund investors. Strong on look-through analytics for existing positions; limited on fund screening, peer benchmarking and due diligence.

Holdings TransparencyFactor AnalysisPortfolio MonitoringLimited Fund ScreeningNo 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 Novus: Institutional Analytics Coverage

A feature-by-feature comparison covering the full institutional investment workflow.

Feature / Capability AlternativeSoft Novus
Fund Database & Screening (500k+)
Peer Group Analysis
4,000+ Risk-Adjusted Statistics
Portfolio Construction & Optimisation
Holdings-Based Look-Through
Factor & Style Analysis
Performance Attribution
Drawdown Analysis
AI-Powered DDQ Completion
ODD Workflow Management
Compliance Flagging
Automated IC Reporting
White-Label Fund Fact Sheets
Multi-Provider Data Integration
Private Equity Analytics (IRR/PME)
Which Platform Is Right for You?

AlternativeSoft or Novus — Choosing the Right Scope

Choose AlternativeSoft if you need…

  • End-to-end workflow from fund screening to IC reporting in one platform
  • AI-powered DDQ completion and ODD workflow management
  • Portfolio construction and optimisation for multi-manager allocations
  • Peer group benchmarking across 500,000+ funds with 4,000+ statistics
  • Multi-provider data integration covering hedge funds and private equity

Novus may suit you if…

  • Your primary need is holdings-based transparency and look-through analytics for existing positions
  • You focus on factor attribution from actual holdings data rather than returns-based analysis
  • You have a focused need for portfolio monitoring rather than fund selection and due diligence
Switching to AlternativeSoft

Moving from Novus to AlternativeSoft

AlternativeSoft adds fund screening, peer benchmarking, AI due diligence and portfolio construction alongside portfolio analytics.

01

Connect Portfolio Data

Import your existing portfolio data and positions. AlternativeSoft provides returns-based analytics and peer benchmarking across your full universe.

02

Expand to Fund Selection

Access 500,000+ fund screening, peer group analysis and AI-powered due diligence — capabilities that extend beyond Novus's portfolio monitoring focus.

03

Automate IC Reporting

Generate IC packs, fund fact sheets and governance reports automatically from the same platform that monitors your portfolio.

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 covers the complete institutional investment workflow including fund screening, peer benchmarking, AI-powered due diligence and portfolio construction alongside portfolio analytics. Novus focuses specifically on holdings-based transparency, factor analysis and portfolio monitoring for existing hedge fund positions.
AlternativeSoft provides institutional peer group analysis across 500,000+ funds with 4,000+ ranking statistics using returns-based analysis. Novus provides some peer comparison capabilities but with a narrower fund universe and less statistical depth than AlternativeSoft.
AlternativeSoft provides returns-based portfolio analytics, factor analysis and style analysis. For direct holdings-based transparency where individual security-level data is available, Novus has specific capabilities in that area. Most institutions requiring both returns-based analytics and due diligence use AlternativeSoft as their primary platform.
For institutions requiring end-to-end workflow coverage including fund screening, peer benchmarking, AI-powered due diligence and IC reporting alongside portfolio analytics, AlternativeSoft provides a more complete platform than Novus. Institutions with a highly specific need for holdings-based transparency analytics may find Novus's specialisation valuable.
Yes. AlternativeSoft's AI reads uploaded fund documents and completes DDQ responses automatically, manages ODD workflows, flags compliance concerns and maintains a centralised due diligence hub. Novus does not provide AI-powered due diligence capabilities.
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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