Hedgeweek Best Risk Management Software, 4 Years Running
Used by 5 of the world's 10 largest hedge fund selectors

Fund of Hedge Funds Software
Sourcing, peer ranking, due diligence, construction, monitoring and LP reporting on one platform

The platform fund of hedge funds use for the whole cycle, from a database of 30,000+ hedge funds to the LP report, with every manager on one shared record.

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Last updated 5 November 2026.

In short

AlternativeSoft is the software fund of hedge funds teams use for the whole cycle: Sourcing managers from a database of 30,000+ hedge funds, ranking them against 6,100+ strategy peer groups, running operational due diligence with AI-assisted questionnaires, building the portfolio under liquidity and concentration constraints, monitoring manager drift and reporting to investors in each client's branding. It is used by fund of hedge funds including AllianceBernstein, BNP Paribas Capital Partners and Unigestion, and by five of the ten largest hedge fund selectors in the world.

At a glance

  • 30,000+Hedge funds for sourcing
  • 6,100+Strategy peer groups
  • AI ODDQuestionnaires and documents analysed
  • LiquidityConstraint of the construction
  • MonitoringDrift and limit alerts per manager
  • LP reportingWhite-label, batch-scheduled
The cycle

Sourcing to investor report, on one platform

Source

Screen 30,000+ hedge funds on strategy, size, liquidity and 4,000+ statistics; saved screens re-run monthly; emerging managers list on the marketplace.

Select

Peer rank each candidate, run factor and style analysis, measure marginal contribution to the existing portfolio.

Diligence

Send DDQs, let the AI analyse answers and documents, flag compliance points, keep one record per manager.

Construct, monitor, report

Optimise under liquidity and concentration constraints, monitor drift and limits, generate LP reports per client.

Capabilities

What the fund of hedge funds software includes

Manager sourcing

The hedge fund database with saved screens and the fund marketplace where managers list themselves.

Hedge fund database

Peer group analysis

Rank managers in strategy peer groups on 4,000+ statistics.

Peer group analysis

Operational due diligence

Cloud ODD: DDQs, documents, AI completion and flagging, audit trail.

Cloud ODD

Portfolio construction

Nine optimisation methods with redemption terms, gates and lock-ups as constraints.

FoF portfolio construction

Manager monitoring

Style drift, exposure and liquidity alerts per manager and for the portfolio.

Risk monitoring

Investor reporting

LP reports and factsheets per client in their branding, generated in batch.

Reporting
Why fund of hedge funds teams choose it

Built around the manager, not the security

Fund of hedge funds work is manager-centric: Everything about a manager (track record, peer rank, DDQ, documents, meeting notes, exposures, limits) belongs on one record that the whole team shares. AlternativeSoft is built that way, which is why a fund of hedge funds can run sourcing, selection, due diligence, construction, monitoring and reporting on one platform instead of five.

The quantitative work can also be done from an AI assistant through MCP: "Rank the managers on our watch list against their strategy peers and flag any whose drawdown exceeds our limit" is a question the assistant answers from the engine.

Rank Your Current Managers Against Their Peers

Send the manager list. We build the peer rankings and a portfolio-level risk view before the call.

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Frequently Asked Questions

Common questions

What does fund of hedge funds software need to do?

Cover the full manager cycle: Sourcing from a broad hedge fund database, peer ranking, operational and investment due diligence, portfolio construction under liquidity constraints, ongoing monitoring and investor reporting. AlternativeSoft provides all six on one platform.

How does it handle hedge fund liquidity in construction?

Each fund's redemption frequency, notice, lock-up, gates and side pockets are constraints in the optimiser, and the portfolio's liquidity ladder is monitored against expected investor redemptions.

Which fund of hedge funds use AlternativeSoft?

AllianceBernstein, BNP Paribas Capital Partners and Unigestion are among the reference clients, alongside five of the ten largest hedge fund selectors in the world. Client references are on the references page.

Is operational due diligence included?

Yes. The Cloud ODD module sends questionnaires, analyses answers and documents with AI, flags compliance points and keeps an audit trail on each manager record.

Can we report to each investor in their own branding?

Yes. LP reports, factsheets and committee packs are generated per client from one template set, in each client's branding, as a scheduled batch.

Can I run this from Claude, ChatGPT or Microsoft 365 Copilot?

Yes. Through AlternativeSoft MCP, any MCP-ready assistant can request these analytics in plain language. The answer is computed on your own AlternativeSoft data and the 500,000+ funds in the database, not generated from the model's memory, and MCP is read-only.

How much does fund of hedge funds software cost?

AlternativeSoft is licensed annually by users and modules, not by assets or query volume. Pricing follows a demonstration on your own funds, and a free trial is available afterwards.
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