Peer Group Analysis Across 500,000+ Hedge Funds

How to Benchmark Hedge Funds Against a Peer Group

Robust hedge fund peer benchmarking requires the right comparison universe, consistent methodology and enough data points to be statistically meaningful. AlternativeSoft lets you build custom peer groups across 500,000+ funds and rank any manager instantly.

Peer benchmarking for:Long/Short EquityGlobal MacroCTA/FuturesCreditEvent-DrivenMulti-Strategy
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

Building Meaningful Peer Groups — What It Requires

Why Hedge Fund Peer Benchmarking Is Difficult

Accurate peer benchmarking is harder than it looks — most approaches have significant methodological weaknesses that undermine their value.

  • Building a relevant peer group requires access to a comprehensive, survivorship-bias-aware fund database — most tools cover only a subset
  • Different strategies require different peer comparison criteria and time periods — one screen does not work across all
  • Manual peer analysis in Excel is too slow for large peer groups and cannot rank by multiple criteria simultaneously
  • Self-reported fund data creates survivorship bias when databases only track currently active funds
  • Without enough peers, quartile rankings are statistically meaningless and misleading for investment committees

How AlternativeSoft Solves Peer Benchmarking

A 500,000+ fund universe with a custom peer group builder and instant multi-metric ranking in one platform.

  • 500,000+ fund universe spanning hedge funds, mutual funds and ETFs across all strategies and geographies
  • Custom peer group builder: filter by strategy, sub-strategy, geography, AUM, inception date and any other criteria
  • Instant ranking by any of 4,000+ risk-adjusted statistics across the full peer group
  • Survivorship-bias-aware databases from multiple providers including eVestment and HFR
  • Quartile distribution visualisation and return dispersion analysis — not just median and average numbers
Peer Group Analysis

Institutional Hedge Fund Peer Benchmarking

The right universe. Consistent methodology. Instant results.

Custom Peer Group Builder

Define peer groups by strategy, sub-strategy, geography, AUM, inception date and fee structure. Save and reuse definitions across all analyses.

Instant Quartile Ranking

Rank any hedge fund against its peer group by any of 4,000+ statistics. See exactly where a manager sits by Sharpe, drawdown, alpha or any custom metric.

Return Distribution Charts

Visualise the full distribution of any metric across the peer group. See where a fund sits relative to the entire distribution — not just median and quartile markers.

Multi-Period Comparison

Compare peer rankings across 1, 3, 5 and 7-year periods. Identify managers with consistent top-quartile performance across multiple market cycles.

Cross-Provider Universe

Peer group draws from Bloomberg, eVestment, HFR, Morningstar, Preqin and Pitchbook simultaneously — the broadest peer universe available.

Peer Comparison Export

Export peer comparison tables to Excel or generate automated peer analysis reports for due diligence files and IC presentations.

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 to Build and Run Peer Group Analysis

01

Define Your Peer Universe

Select strategy, geography, AUM range and data providers. AlternativeSoft filters 500,000+ funds to your relevant peer group in seconds.

02

Rank and Benchmark

Choose your ranking metrics. Rankings and full distributions appear immediately. Compare a specific fund against the full peer distribution.

03

Report and Monitor

Generate peer comparison reports for investment committees. Set ongoing alerts when a manager's peer quartile rank changes significantly.

Who This Is For

Who Uses Peer Group Benchmarking

Fund Selectors & Analysts

Build rigorous peer analyses without manual data work. Identify genuinely top-quartile managers across any strategy or geography.

Learn more

Fund of Funds Managers

Run systematic peer benchmarking across all underlying managers simultaneously. Identify which are adding genuine alpha relative to strategy peers.

Learn more

Pension Funds

Provide investment committees with robust, peer-contextualised evidence for manager selection and ongoing monitoring decisions.

Learn more
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 peer group analysis compares a fund's performance and risk characteristics against a relevant group of comparable funds in the same strategy. It provides essential context for evaluating whether a manager is genuinely outperforming or simply benefiting from a favourable strategy environment.
A statistically meaningful peer group contains at least 20–30 funds, with 50–100+ preferred. AlternativeSoft's 500,000+ fund database means you can build large, relevant peer groups even for niche strategies.
The most commonly used peer ranking statistics include Sharpe ratio, Sortino ratio, maximum drawdown, information ratio, alpha, Omega ratio and monthly return consistency. AlternativeSoft calculates all of these and 4,000+ other metrics automatically.
AlternativeSoft sources data from providers including eVestment and HFR, which maintain historical records of dissolved and closed funds. This reduces survivorship bias compared to databases that only track live funds.
Yes. AlternativeSoft saves peer group definitions with all filtering criteria and updates them automatically as new funds meeting your criteria launch or existing funds close.
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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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