Automated Performance Attribution for Institutional Portfolios

Hedge Fund Performance Attribution Software

Understanding where your hedge fund portfolio's returns come from is fundamental to portfolio management. AlternativeSoft's performance attribution software decomposes returns by manager, strategy, factor and geography — automatically, every period, without manual work.

Attribution by:Manager ContributionStrategyAlpha vs BetaGeographyTime PeriodRisk Budget
Hedgeweek Best Risk Management Software
4 Consecutive Years — 2020 · 2021 · 2022 · 2023
150+
Institutional clients worldwide
$1.5tn+
AuM managed by our clients
500k+
Funds in our database
Trusted by
Aberdeen Asset ManagementAllianceBernsteinBNP ParibasBessemer TrustRaiffeisen Capital ManagementUnigestionLyxor Asset ManagementKedge CapitalLumyna InvestmentsProgressive CapitalAberdeen Asset ManagementAllianceBernsteinBNP ParibasBessemer TrustRaiffeisen Capital ManagementUnigestion
The Problem & The Solution

From Manual Attribution to Fully Automated Analysis

Performance Attribution Challenges for Allocators

Manual performance attribution is time-consuming, methodologically complex and frequently delayed — reducing its value for ongoing portfolio management.

  • Building accurate attribution models in Excel requires significant manual effort every period and is prone to systematic calculation errors
  • Different methodologies (Brinson, factor-based) require expertise most teams lack time to implement and maintain consistently
  • Attribution must be refreshed every period — a recurring workload consuming analyst time better spent on analysis
  • Explaining return sources to investment committees in clear, visual terms requires significant additional presentation work
  • Factor attribution requires multi-factor regression modelling far beyond standard spreadsheet capabilities

How AlternativeSoft Automates Attribution

All attribution analyses calculated and refreshed automatically every period — manager contribution, factor decomposition, strategy and geographic attribution.

  • Manager contribution attribution automatically refreshed every period — no manual compilation or formula maintenance
  • Multi-factor attribution decomposing returns into alpha and systematic factor exposures (equity, credit, rates, commodities)
  • Strategy-level and geographic attribution for full portfolio decomposition in one platform
  • Investment committee-ready attribution charts and tables generated automatically from live data
  • Full attribution history and trend analysis showing how return drivers have evolved over time
Performance Attribution Platform

Automated Return Attribution for Hedge Fund Portfolios

Understand exactly where every basis point of return comes from — without manual work.

Manager Contribution Attribution

Calculate each manager's contribution to total portfolio return — absolute and risk-adjusted. Identify best and worst contributors over any period automatically.

Factor Attribution

Multi-factor regression decomposing portfolio returns into alpha and systematic factor exposures. Distinguish genuine manager skill from cheap systematic risk premia.

Strategy Attribution

Attribute returns by investment strategy — long/short equity, global macro, CTA, credit. Understand which strategies are driving performance each period.

Geographic Attribution

Analyse how geographic allocations contributed to returns over different periods and market regimes. Full regional transparency across the portfolio.

Time-Period Analysis

Monthly, quarterly, annual and since-inception attribution. Understand how contribution patterns change across different market environments over time.

Automated IC Reports

Attribution reports generated automatically every period — charts, contribution tables, factor decomposition — formatted for investment committee presentation.

150+
Institutional Clients
Worldwide
$1.5tn+
AuM Managed by
Our Clients
500k+
Funds in Our
Database
20+
Years of Excellence
Since 2005
How It Works

How Performance Attribution Works in AlternativeSoft

01

Import Portfolio Data

Connect fund administrator returns, NAV data and position information. Historical and current portfolio data imported and reconciled automatically.

02

Attribution Refreshes Automatically

All attribution analyses calculate every period. Manager contributions, factor decomposition and strategy attribution update without any manual effort.

03

Present and Analyse

Access ready-made attribution charts and tables. Generate IC packs in one click. Drill from portfolio level down to individual manager attribution.

Who This Is For

Who Benefits from Attribution Automation

Portfolio Managers

Understand exactly what is driving returns each period. Identify which managers add value and which underperform relative to their risk contribution.

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Fund of Funds Managers

Provide investors with transparent, detailed attribution reporting that demonstrates the value of your manager selection and construction process.

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Pension Funds

Report clearly on hedge fund performance to trustees. Attribution analysis demonstrates that alternatives allocations are earning their place in the overall portfolio.

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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

Hedge fund performance attribution decomposes portfolio returns to identify their sources — which managers contributed, which strategies drove performance, how much came from factor exposures versus manager alpha, and how attribution changed over time. It helps investors understand what is actually generating returns and whether the investment process is working as intended.
AlternativeSoft supports manager contribution analysis (absolute and risk-adjusted), multi-factor regression attribution (separating alpha from systematic factors), Brinson-Fachler attribution (for benchmark-relative analysis), strategy-level attribution and geographic attribution.
Manager contribution attribution shows how much each fund contributed to portfolio returns in absolute or risk-adjusted terms. Factor attribution decomposes returns further — showing how much came from systematic risk factors (equity beta, credit spread, rates) versus genuine alpha that cannot be explained by factor exposure.
Yes. AlternativeSoft generates scheduled or on-demand attribution reports — monthly, quarterly or as needed. These include contribution tables, attribution charts, factor decomposition summaries and time-period analysis, all formatted for investment committee presentation.
AlternativeSoft requires fund-level returns, portfolio weights and, for factor attribution, factor return series. Fund returns can be imported from fund administrators, Bloomberg or uploaded manually. Data reconciliation is handled automatically.
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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