Comparison

Looking for a Venn Two Sigma Alternative?

Venn by Two Sigma offers multi-asset factor analytics built around its proprietary 18-factor lens. AlternativeSoft delivers deeper hedge fund and alternatives coverage, customisable factor models, an AI-powered cloud due diligence platform and end-to-end allocator workflow — in one integrated solution.

Comparing:Factor AnalyticsPortfolio ConstructionHedge Fund CoverageDue DiligenceReportingPricing Model
Trusted by
Aberdeen Asset ManagementAllianceBernsteinBNP ParibasBessemer TrustRaiffeisen Capital ManagementUnigestionLyxor Asset ManagementKedge CapitalLumyna InvestmentsProgressive CapitalAberdeen Asset ManagementAllianceBernsteinBNP ParibasBessemer TrustRaiffeisen Capital ManagementUnigestion
Quick Verdict: Venn by Two Sigma is a strong fit for multi-asset investors who want factor-based analysis aligned to the Two Sigma Factor Lens. AlternativeSoft is the broader institutional alternative — deeper hedge fund and private market coverage, AI-powered ODD, customisable factor models and end-to-end workflow from manager research through to client-ready reporting.
Platform Overview

AlternativeSoft vs Venn by Two Sigma at a Glance

Both platforms serve institutional investors. Each takes a different approach to what an allocator needs.

An institutional analytics platform purpose-built for allocators investing in hedge funds, mutual funds and private markets. Combines a 500,000+ fund database, customisable factor and style analysis, AI-powered cloud due diligence, portfolio construction and automated reporting in one workflow — trusted by 150+ institutions managing over $1.5tn since 2005.

Multi-Asset AnalyticsAI Cloud ODD500k+ Fund DatabaseCustomisable FactorsHedge Fund Depth

A multi-asset portfolio analytics platform from Two Sigma Investor Solutions, built around the proprietary Two Sigma Factor Lens (18 factors). Strong factor decomposition for public market assets and good UX for advisors. Less depth on hedge fund coverage, no integrated AI-driven due diligence workflow, and factor model is fixed rather than customisable.

Factor AnalyticsMulti-AssetReport LabNo AI Due DiligenceFixed Factor Model
150+
Institutional Clients
Worldwide
$1.5tn+
AuM Managed by
Our Clients
500k+
Funds in Our
Database
20+
Years of Excellence
Since 2005
Why Investors Look for a Venn Alternative

What Allocators Tell Us They Need Beyond Venn

Where Venn by Two Sigma May Fall Short

Venn does multi-asset factor analysis well. But institutional allocators investing meaningfully in hedge funds, private markets and alternatives tell us they outgrow Venn at predictable points:

  • Factor model is fixed (the 18-factor Two Sigma Factor Lens) — allocators with house factor models can't fully integrate them.
  • Hedge fund universe coverage is narrower than dedicated alternatives platforms; lacks direct HFR / eVestment / Pitchbook integration depth.
  • No integrated AI-powered operational due diligence workflow or DDQ automation.
  • Limited workflow tooling for ODD, compliance flagging, and centralised document management.
  • Optimisation features restricted in certain jurisdictions (e.g. Hong Kong).
  • Recent ownership change (Insight Partners acquisition, merging with Solovis) creates uncertainty over roadmap and pricing.

What AlternativeSoft Delivers

AlternativeSoft was built specifically for institutions allocating to alternatives. The platform extends beyond factor analytics into the full investment lifecycle:

  • Customisable factor and style models — bring your own factors alongside standard ones; returns-based and holdings-based attribution.
  • 500,000+ funds across hedge funds, mutual funds, ETFs and private markets, with native integration to Bloomberg, HFR, Morningstar, eVestment, Preqin, Pitchbook and Albourne.
  • AI-powered cloud ODD — DDQs completed in minutes, document summaries, compliance flagging, centralised ODD hub.
  • End-to-end allocator workflow: research, construction, due diligence, monitoring, reporting — one platform, one audit trail.
  • 20 years of institutional focus, ISO and GDPR compliant, independent and privately held since 2005.
  • Modular pricing — pay for the capabilities you actually use, scale as you grow.
Feature Comparison

AlternativeSoft vs Venn Two Sigma — Side by Side

A detailed capability comparison across the institutional allocator workflow.

Feature / Capability AlternativeSoft Venn by Two Sigma
Multi-Asset Portfolio Analytics
Factor & Style Analysis Customisable Fixed 18-factor lens
Hedge Fund Database & Coverage 500k+ funds via HFR, eVestment, Preqin
Private Equity / Markets Analytics IRR, TVPI, DPI, MOIC, PME Private Asset Lab
4,000+ Risk-Adjusted Statistics
Bring-Your-Own Factor Models
Portfolio Construction & Optimisation Limited in HK
Stress Testing & Scenario Analysis
AI-Powered DDQ Completion
Cloud Operational Due Diligence (ODD)
AI Document Processing & Summaries
Compliance Flagging & Risk Workflow
AI Portfolio Commentary
White-Labelled Fact Sheets & Reports Report Lab
Peer Group Analysis (Hedge Funds)
Style Drift Detection
Power BI Connector
API & Data Integrations
Modular Pricing Model
Independently Owned & Operated Independent since 2005 Acquired by Insight Partners

Comparison based on publicly available information from venn.twosigma.com as of 2026. Capability assessments reflect AlternativeSoft's understanding of the comparable feature; we encourage prospective clients to verify directly with both vendors.

Which Platform Is Right for You?

AlternativeSoft or Venn by Two Sigma — Choosing Between Them

Choose AlternativeSoft if you need…

  • Deep hedge fund and alternatives coverage with native data integrations across HFR, eVestment, Preqin, Pitchbook and Bloomberg
  • Customisable factor and style models — bring your own factors alongside off-the-shelf ones
  • AI-powered cloud operational due diligence — DDQs in minutes, document processing, compliance flagging
  • End-to-end allocator workflow: research, construction, due diligence, monitoring and reporting in one platform
  • Independent, privately held vendor focused exclusively on institutional alternative investments since 2005
  • Modular pricing aligned to the capabilities you actually use

Venn by Two Sigma may suit you if…

  • Your priority is multi-asset factor analysis aligned to the proprietary Two Sigma Factor Lens
  • You are comfortable with a fixed factor model rather than customising your own
  • Your alternatives exposure is modest and traditional risk lens analysis suffices
  • You do not need integrated ODD workflow, AI DDQ automation or compliance flagging
  • You are comfortable with recent ownership and roadmap uncertainty following the Insight Partners acquisition
Migrating from Venn

Switching from Venn by Two Sigma to AlternativeSoft

Our onboarding team handles full migration. Most clients are running in 2 to 4 weeks — no downtime, no lost history.

01

Migrate Portfolios & History

We export your portfolios, benchmarks and configuration from Venn and import them into AlternativeSoft. Historical analytics and reporting templates carry over so nothing is lost.

02

Configure Factor & Risk Models

Replicate your existing factor lens if you want continuity, or define a custom factor model with the variables your investment process actually uses. Both can run side by side.

03

Add Workflow & Reporting

Switch on AI-powered cloud ODD, white-labelled reporting and any analytics modules you need. Dedicated implementation and training included throughout.

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 alternative to Venn by Two Sigma for institutional allocators. AlternativeSoft offers portfolio analytics, factor and style analysis, hedge fund and private equity coverage, AI-powered cloud due diligence and automated reporting — with deeper hedge fund and alternative investment coverage than Venn, and modular pricing aligned to the capabilities you need.
Venn provides factor analysis using its proprietary Two Sigma Factor Lens (18 factors). AlternativeSoft provides style and factor analysis with customisable factor models, returns-based and holdings-based attribution, and 4,000+ risk-adjusted statistics — giving allocators flexibility to define their own factor universe rather than being limited to a fixed factor set.
AlternativeSoft was purpose-built for institutional allocators investing in hedge funds and alternatives. It integrates HFR, Preqin, eVestment, Pitchbook, Bloomberg and Morningstar in one unified 500,000+ fund database, and includes hedge-fund-specific peer group analysis, style drift detection and look-through analytics that Venn does not offer at the same depth.
Yes. AlternativeSoft includes a cloud-hosted Operational Due Diligence (ODD) platform with AI-powered DDQ completion, document processing, compliance flagging and a centralised ODD hub. Venn by Two Sigma does not offer an integrated due diligence workflow — it is focused on factor analytics and portfolio analysis.
Yes. AlternativeSoft serves RIAs, wealth managers, family offices and financial advisors with portfolio construction, multi-asset analytics combining hedge funds and mutual funds, AI client commentary and white-labelled client-ready reporting — capabilities specifically tuned for the advisor workflow alongside institutional capabilities.
AlternativeSoft's onboarding team handles full data migration from Venn including portfolio uploads, benchmark configuration and factor model setup. Most clients complete migration within 2 to 4 weeks, with dedicated implementation support throughout. Existing data subscriptions (Bloomberg, HFR, Preqin, eVestment, Morningstar) plug directly into AlternativeSoft.
Venn by Two Sigma announced its acquisition by Insight Partners, with plans to merge with Solovis. The combined entity's roadmap, pricing model and product strategy will evolve over time. Customers seeking continuity and certainty over their analytics platform — with no ownership transitions affecting their investment workflow — often consider AlternativeSoft as an independently owned, privately held alternative with 20+ years of consistent institutional focus.
Both platforms use enterprise pricing that varies by client size, modules and usage. AlternativeSoft uses modular pricing — clients pay for the capabilities they actually use (analytics, ODD, reporting, etc.) and scale as their needs grow. Contact AlternativeSoft to discuss a package that fits your team's scope and budget.
Request a Demo

See AlternativeSoft
in Action

Join 150+ institutional investors who rely on AlternativeSoft to select and monitor funds. See exactly how AlternativeSoft compares to Venn by Two Sigma on your portfolios and your workflow.

  • Live walkthrough mapped to your current Venn workflow
  • 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 migration support
Hedgeweek Best Risk Management Software — voted by clients 4 years running
Data integrations include:
BloombergeVestmentMorningstarPreqinPitchbookHFR

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