Replace Excel with Institutional-Grade Analytics

How to Replace Excel for Hedge Fund Analysis

Excel wasn't designed for institutional hedge fund analysis. AlternativeSoft replaces fragile spreadsheets with automated data feeds, 4,000+ risk statistics, peer group benchmarking and portfolio construction — trusted by 150+ institutions managing $1.5tn+.

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Replace Excel for:Fund ScreeningPeer Group AnalysisRisk MetricsPortfolio ConstructionDDQ AutomationIC Reporting
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 Management•AllianceBernstein•BNP Paribas•Bessemer Trust•Raiffeisen Capital Management•Unigestion•Lyxor Asset Management•Kedge Capital•Lumyna Investments•Progressive Capital•Aberdeen Asset Management•AllianceBernstein•BNP Paribas•Bessemer Trust•Raiffeisen Capital Management•Unigestion•
The Problem & The Solution

The Excel Problem — and the Institutional Alternative

Why Excel Fails Institutional Hedge Fund Analysis

Most teams start in Excel, but its limitations compound quickly as fund universes and governance demands grow.

  • Manual data entry from Bloomberg, eVestment and Morningstar wastes analyst days every month and introduces costly reconciliation errors
  • VaR, Omega ratio and Sortino calculations across hundreds of funds are slow, error-prone and methodologically inconsistent in spreadsheets
  • No audit trail — investment committee governance and regulatory review demand documentation Excel cannot provide
  • Version control failures mean team members work simultaneously from inconsistent data sets
  • IC reports require hours of manual reformatting after every data update

What AlternativeSoft Provides Instead

A purpose-built institutional platform that automates everything Excel makes painful.

  • Automated daily feeds from Bloomberg, eVestment, Morningstar, Preqin, HFR and Pitchbook — no manual downloading ever again
  • 4,000+ risk statistics calculated instantly across 500,000+ funds with consistent, auditable methodology
  • Full audit trail of all analyses, screening decisions and IC recommendations ready for regulatory review
  • Peer group analysis, portfolio construction and performance attribution — all automated and reproducible
  • AI-powered DDQ completion that replaces weeks of manual questionnaire work with minutes
Platform Capabilities

Everything Excel Can't Do at Institutional Scale

Built for analysts, portfolio managers and investment committees who need automation, not maintenance.

Automated Data Aggregation

Bloomberg, eVestment, Morningstar, Preqin, HFR and Pitchbook connected simultaneously. Data refreshes daily — no downloading, copying or reconciling required.

4,000+ Risk Statistics

Sharpe, Sortino, Omega, Calmar, VaR, CVaR, max drawdown and 4,000+ more calculated instantly across your entire fund universe with consistent, auditable methodology.

Peer Group Analysis

Benchmark any hedge fund against strategy-relevant peers in seconds. Identify top-quartile managers without building a single pivot table.

Portfolio Construction

Mean-variance optimisation, risk parity and stress testing for multi-manager portfolios — institutional methods impossible to replicate reliably in Excel.

AI Due Diligence

Replace DDQ spreadsheets with AI-powered completion. Upload fund documents and AI generates questionnaire responses automatically in minutes.

Automated IC Reporting

Investment committee reports and fund fact sheets generated automatically from live data — eliminate manual formatting work entirely.

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

Three Steps to Move Beyond Excel

01

Import Your Existing Data

Upload Excel fund lists, portfolios and historical returns directly. Your data migrates in hours. Live data feeds replace manual downloads immediately.

02

Analytics Run Automatically

All statistics, peer comparisons and risk monitoring calculate every period. No formulas, no macros, no maintenance — ever.

03

Report Without Manual Work

IC reports and fact sheets generate on schedule from live data. Excel export still available when needed — but rarely necessary.

Who This Is For

Who Benefits Most from Moving Beyond Excel

Fund Analysts

Stop maintaining 50-tab workbooks. Run comprehensive quantitative analysis across 500,000+ funds in seconds with purpose-built tools.

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Portfolio Managers

Replace portfolio tracking spreadsheets with real-time monitoring. Full risk analytics, attribution and automated reporting without manual compilation.

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Pension Funds & FoF

Scale analytical capability without scaling headcount. AlternativeSoft replaces entire spreadsheet workflows with institutional-grade automation.

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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

Excel lacks the data connectivity, calculation engine and governance documentation required for institutional hedge fund analysis. It cannot connect to multiple fund databases simultaneously, maintain accurate calculations across large fund universes, or produce the audit trail required by investment committees and regulators.
Most clients are fully operational within 2-4 weeks. AlternativeSoft supports direct Excel import for historical data and the onboarding team configures live feed connections to Bloomberg, eVestment and other providers during implementation.
AlternativeSoft replaces all manual risk calculation spreadsheets — Sharpe, Sortino, Omega, Calmar, VaR, CVaR, maximum drawdown, recovery time, beta, alpha, correlation matrices and 4,000+ additional statistics — all calculated automatically with consistent methodology.
Yes. AlternativeSoft supports full Excel export for any data, analysis or report generated on the platform. You retain export flexibility while eliminating the manual work of building and maintaining Excel-based analytical systems.
Yes. AlternativeSoft covers hedge funds, private equity, mutual funds and ETFs. For private market assets it calculates IRR, TVPI, DPI and RVPI alongside standard liquid alternative risk metrics within the same platform.
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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