Quantitative Manager Comparison — 500,000+ Funds

How to Compare Hedge Fund Managers Quantitatively

Comparing hedge fund managers objectively requires consistent data, the right statistical framework and peer context to interpret results meaningfully. AlternativeSoft enables systematic, peer-adjusted manager comparison across 500,000+ funds using custom scoring models.

Compare managers by:Risk-Adjusted ReturnsDrawdown ProfileAlpha GenerationPeer QuartileStyle ConsistencyFactor Exposures
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

Moving from Subjective to Systematic Manager Comparison

Why Quantitative Manager Comparison Is Hard Without the Right Tools

Ad hoc comparison approaches are inconsistent, non-reproducible and difficult to defend to investment committees and regulators.

  • Spreadsheet-based comparison lacks consistency and is not scalable across large shortlists of candidate managers
  • Different managers use different benchmarks — raw return comparison without peer adjustment is inherently misleading
  • Survivorship bias in some databases inflates average returns, distorting comparisons if not controlled for
  • Without peer context, a Sharpe ratio of 0.8 is uninterpretable — good or bad depends entirely on strategy and time period
  • Multi-period comparison across 1, 3, 5 and 7 years is extremely time-consuming to build and maintain manually

How AlternativeSoft Enables Systematic Comparison

Consistent methodology, peer-adjusted scoring and multi-period analysis — applied systematically across every candidate manager.

  • Consistent calculation methodology across all 500,000+ funds with no provider-specific differences
  • Peer-adjusted ranking — every metric shown in the context of strategy-relevant peers, not the full universe
  • Side-by-side comparison across any combination of 4,000+ statistics for any number of candidate managers
  • Custom scoring models — weight metrics according to your investment framework and rank all candidates automatically
  • Multi-period consistency analysis — compare 1, 3, 5 and 7-year profiles simultaneously in one view
Manager Comparison Tools

Systematic Quantitative Manager Comparison

Replace subjective shortlisting with a repeatable, evidence-based selection process.

Side-by-Side Comparison

Compare any number of managers head-to-head across any combination of statistics. Customise the comparison table to match your investment framework exactly.

Peer-Adjusted Ranking

See every manager's statistics in peer group context. A Sharpe of 0.9 means different things for a long/short equity manager versus a CTA.

Custom Scoring Models

Assign weights to any combination of statistics and generate a composite score for every candidate. Rank all managers systematically against your criteria.

Multi-Period Consistency

Assess whether top performance is consistent across 1, 3 and 5-year periods or concentrated in one exceptional year. Identify managers with durable alpha.

Style & Factor Analysis

Compare manager factor exposures and strategy consistency. Identify whether two apparently different managers share the same underlying hidden risk factors.

Shortlist Management

Build and manage manager shortlists with automatic flagging against your criteria. Export shortlists or generate IC comparison reports with one click.

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

A Framework for Quantitative Manager Comparison

01

Screen for Candidates

Apply quantitative criteria to the 500,000+ universe. Filter by strategy, geography, AUM, minimum track record and risk threshold to build your candidate list.

02

Apply Scoring Model and Rank

Run your weighted scoring model across all candidates. Side-by-side comparison identifies which managers pass all criteria across multiple time periods.

03

Deep-Dive on Strongest Candidates

Factor analysis, drawdown profiling and peer benchmarking on shortlisted managers. Proceed to qualitative due diligence on the strongest quantitative performers.

Who This Is For

Who Uses This Comparison Framework

Fund Selectors

Replace ad hoc shortlisting with a systematic, documented process. Consistent criteria applied across all candidates — defensible at investment committee.

Learn more

Fund of Funds Managers

Compare all candidate managers using consistent methodology. Build your investment universe with confidence in the analytical rigour behind every selection decision.

Learn more

Pension Funds

Demonstrate a robust, systematic manager selection process to trustees and regulators. Full audit trail of all comparison analyses and selection rationale.

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

The most robust approach combines risk-adjusted return analysis, peer group benchmarking for strategy context, factor attribution to identify alpha versus systematic risk, and multi-period consistency analysis to distinguish durable outperformance from statistical noise. AlternativeSoft supports all of these within a single analytical framework.
Using 5–10 carefully selected statistics that reflect your investment objectives is more reliable than any single metric. AlternativeSoft's 4,000+ statistics let you customise the comparison framework to your exact requirements and build a defensible composite scoring model.
Always benchmark managers within strategy-specific peer groups. AlternativeSoft contextualises all statistics within strategy-relevant peer universes automatically — so a long/short equity manager's Sharpe is benchmarked against long/short equity peers, not CTAs.
A scoring model assigns weights to a set of statistics to produce a composite score for each fund. AlternativeSoft's custom scoring module lets you define, test and apply these models across any fund universe and backtest them against historical data.
Yes. AlternativeSoft maintains a complete audit trail of all screening criteria, scoring models, comparison analyses and manager shortlist decisions — supporting governance and compliance requirements for institutional investors.
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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