Company News

  • August 2017
    We are secretively launching a web robot advisor 2.0 where the funds are not selected by the User (you!) or by the software company (like in Scalable Capital, Betterment, Wealthfront), but by an Artificial Intelligent where the Universe contains all 17’000 hedge funds and 250’000 long only equity and fixed income funds.

    Only the top funds will be displayed.

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  • May 2017
    Recent developments we did for our clients investing in funds:
    1. More and More Funds Data

    Access to the entire dataset available through AlternativeSoft, mapped and cleaned in order to work as one clean universe:

    • HFR
    • Eurekahedge
    • HFI
    • Morningstar
    • BarclayHedge
    • HedgeNews Africa
    • Allocator
    • Albourne
    • Preqin
    • Integration of your own proprietary data (.xlsx, .xml, administrators)
    20'000 hedge funds for website
    2. Exposure Analysis for Hedge Funds
    Ability to analyse any funds Long & Short Exposure Weights and Return Attributions across:
    • Geography
    • Sector
    • Strategy
    • Market Cap
    • DV01
    • EV01
    • Credit Rating
    • Duration
    • Any Exposure Category a fund is happy to report to you
    Create multiple layers of data to allow for disparate data sets to be aggregated at the portfolio level

    Ability to pipe data direct into our system from your own internal source or access to a managed service to connect you straight to your funds, giving you no hassle access to Return and Exposure data reported direct from the fund with no lag.

    Exposure Analysis Benchmarks created with layers of ETFs to allow for analysis of an Active Managers ability to generate return and outperformance vs the passive Benchmark.

    Brinson Alpha Decomposition analysis allowing the investor to understand a managers skill at generating Alpha via Asset Allocation or Security Selection as well as drilling down to find its source.

    Granular Volatility Decomposition by countries and sectors for hedge funds

    3. Algorithmic Hedge Funds and Long Only Funds Screening on the Web

    Algorithmic Screening of this vast datasets to automatically identify top performing managers within subsets.

    A predictive weighted ranking system allowing the system to learn the user(s) preferences within subsets with it automatically bringing top performing funds with performance characteristics you are interested in, every day.

    Available for large banks only.

    HF exposures for website
    as.web
  • January 2017
    We have added around 500 new features in our software in 2016. The latest additions, which benefit our worlwide pension funds, family office and banks’ clients, are:
    Our Hedge Funds Exposures model display returns long short by countries or outperformance of the hedge fund managers versus his countries exposures or a Brinson model to measure the hedge fund manager stock selection / country selection
    Hedge Funds Exposures
    Our Portfolio Management shadow accounting manages the following in a precise and easy way: investing in hedge funds with lockups / # payouts / gates / # series / # currencies / intraweek trading / portfolio return attribution / cash management / future cash flow management.
    Easy to use.
    Portfolio Management shadow accounting
    Our Peer Group calculation engine finds the funds which have always been in the top 25% of their group every year in the past.
    You are sure that the funds we show have been at the top, in any past period, versus other funds in the same peer group.
    Peer Group
    Our Stress Test model computes the expected loss for a fund or a portfolio if, up-to 10 factors, are changing together at the same time.
    For example, increase in interest rate, increase in term spread, increase in credit spread and decrease in S&P500, all at the same time.
    Stress Test
    Our SEC model collect all the files from the SEC and display them in a visual way. Every quarter, directly from the web, all files available at a click of a button.
    Free of charge for our clients.
    SEC
  • December 2016
    As AlternativeSoft wraps up a fantastic 2016 with a YTD year on year sales increase of 30% and expansion of our Sales, Support and Quantitative Teams which now takes our total head count to 35 as well as a new office, we embarked on a team bonding trip to Spain to climb the 3,478 meters high Mulhacen mountain (as well as indulge in some relaxation and paella).
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  • November 2016
    AlternativeSoft sponsored the London Battle of the Quants conference at the ROYAL AUTOMOBILE CLUB, November 16th, 9am. The event provided directly access to those at the spearhead of the ever growing Quantitiative and Systematic Hedge Fund universe including direct access to five industry leading quantitative hedge funds.
    Contact us today for more information.
    QUANTS
  • August 2016
    AlternativeSoft hired and continues the expansion of its London office by boosting our existing Client Services team with 3 new faces! We extend a warm welcome to Christos, Feliks and Dipesh who are keen to continue the high standard of support AlternativeSoft clients have come to expect and increase engagement and dialgoue with our clients to continue educating them about AlternativeSoft’s ever expanding capabilities.
    LYXOR
    BNP PARIBAS CAPITAL PARTNERS
  • February 2016
    AlternativeSoft unveils the latest version of it’s Alternative Investment Software.
    AlternativeSoft is delighted to announce the release of the latest version of our flagship offering AlternativeSoft v3.6. With a reputation for consistently providing the latest academically proven quantitative models for fund analysis and portfolio construction, AlternativeSoft has once again positioned itself at the forefront of providing state-of-the-art software. The platform provides users with quantitative analytics, CRM functionality, and bespoke reporting support. We have added a suite of private equity fund analysis tools to the asset selection and portfolio construction modules, which currently covers hedge funds, long-only funds and exchange-traded funds (ETFs). The latest customer enhancements in this major release include an enhanced Excel API functionality, which has been developed for private equity, peer group, exposure analysis, and portfolio management reporting. There are also a number of default templates provided to deliver an enhanced user experience. An update now allows exposure analysis for funds including outperformance decomposition, open protocol mapping, visualise if the returns are coming from long or short positions, apply weights constraints and explore alpha beta long/short enhancements. To assist with portfolio management, users will now have the ability to roll up to any series, access new rebalancing techniques, use FX futures to hedge a foreign hedge fund currency and import Google Holiday calendars which will be used in liquidity calculations. Within private equity we have developed an automated Excel API report, PE fund accounting and analysis. In addition, other enhancements now allow the software to be available anywhere there is internet access using Amazon WorkSpaces. Clients also have the ability to compare funds versus HFRI index constituents and Morningstar Peer Groups. There is a Tablet Mode for cloud users wanting AlternativeSoft on iPad. Automated and customised Microsoft PowerPoint® presentations for funds (or any other type of report that clients need). AlternativeSoft is based in the UK and Switzerland. We work with some of the largest fund allocators in the world. Our clients include the largest banks, small or large hedge funds, large fund advisory companies and the world’s biggest pension funds.

    “We have been using AlternativeSoft for years. It is a powerful tool helping us to construct robust and well performing Hedge fund’s portfolios. We also like AlternativeSoft’s extensive and responsive support and that they constantly add features and improve the product.” VP Fund Solutions, Liechtenstein.

    Contact us today for more information.
  • December 2015
    AlternativeSoft is once again ranked number 1 in the ‘Technology provider for Risk Management’ category of the ‘Hedge Funds Review Service Provider Rankings’ for 2015 & number 1 in the ‘Overall Technology Provider’ category too! Eligible to vote were individuals from single manager hedge fund or fund of hedge funds (FoHF) organisations and investors (for example, family offices, pension funds, sovereign wealth funds, insurance companies, asset allocators) who invest into hedge funds or FoHFs.

    Full results of the rankings can be read here.

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  • October 2015

    AlternativeSoft is happy to announce that it is partnering with ‘Battle of the Quants’ in London on Tuesday 27th and Wednesday 28th October 2015. The conference is focussed on the growing systematic hedge fund movement and better informing investors who are considering making an allocation to quantitative focused strategies. The schedule comprises of a diverse range panels, interviews and presentations covering a range of topics from systematic CTAs through to the application of machine learning and artificial intelligence. To view the agenda click here.

  • September 2015

    AlternativeSoft version 3.5 is released. AlternativeSoft has positioned itself at the forefront of fund analysis. The expansive platform provides users with comprehensive quantitative analytics, CRM functionality, bespoke reporting and fast user experience. Read the full press release here.

  • January 2015

    We are happy to announce that AlternativeSoft has released its hugely anticipated 2015 software release, AlternativeSoft v3.4. Our software platform is now better than ever, giving you more control in managing your funds and portfolios with hedge funds, long only funds or ETFs.


  • December 2014

    award_rankingaward-logo2AlternativeSoft is once again ranked number 1 in the ‘Technology provider for Risk Management’ category of the ‘Hedge Funds Review Service Provider Rankings’ for 2014.Eligible to votewere individuals from single manager hedge fund or fund of hedge funds (FoHF) organisations and investors (for example, family offices, pension funds, sovereign wealth funds, insurance companies, asset allocators) who invest into hedge funds or FoHFs.

    Full results of the rankings can be read here.

Media Coverage

Publications

  • Top Stock Allocations of US Retirement Plans Q3 2015

    Top Stock Allocations of US Retirement Plans Q3 2015 Adobe PDF icon

    Sagar Amlani - AlternativeSoft AG

    This report details the top 10 stock positions held by Retirement Plans in the US. It also details the top 5 increases and top 5 decreases in such stock allocations between disclosure quarters, by percentage of portfolio. Disclosure data is sourced from AlternativeSoft’s software platform and SEC 13F Filings.

    To view historical reports, see the links below:

    Top Stock Allocations of US Retirement Plans 2015 Q2 Adobe PDF icon
    Top Stock Allocations of US Retirement Plans 2015 Q1 Adobe PDF icon
    Top Stock Allocations of US Retirement Plans 2014 Q4 Adobe PDF icon
    Top Stock Allocations of US Retirement Plans 2014 Q3 Adobe PDF icon
    Top Stock Allocations of US Retirement Plans 2014 Q2 Adobe PDF icon
    Top Stock Allocations of US Retirement Plans 2014 Q1 Adobe PDF icon
    Top Stock Allocations of US Retirement Plans 2013 Q4 Adobe PDF icon
    Top Stock Allocations of US Retirement Plans 2013 Q3 Adobe PDF icon

    To learn more about these features in AlternativeSoft, contact us today.

    Disclaimer: The figures published here are for information purposes only and are not to be construed as investment advice. Publication does not constitute an offer or a solicitation to buy any stock.

  • Overnight Changes? Evolving trends in hedge funds performance

    Overnight Changes? Evolving trends in hedge funds performance Adobe PDF icon

    Laurent Favre - AlternativeSoft AG

    This report questions whether the hedge funds industry is slowly moving towards using outperformance like long only funds. It finds that there is no convergence in tracking error for each hedge fund Vs its HFR strategy index and the out/underperformance for each hedge fund Vs its respective HFR strategy index has had the same dispersion for the past 7 years.

    To learn more about these features in AlternativeSoft, contact us today.

    Disclaimer: The figures published here are for information purposes only and are not to be construed as investment advice.

  • Top Stock Allocations of US Retirement Plans Q2 2015

    Top Stock Allocations of US Retirement Plans Q2 2015 Adobe PDF icon

    Sagar Amlani - AlternativeSoft AG

    This report details the top 10 stock positions held by Retirement Plans in the US. It also details the top 5 increases and top 5 decreases in such stock allocations between disclosure quarters, by percentage of portfolio. Disclosure data is sourced from AlternativeSoft’s software platform and SEC 13F Filings.

    To learn more about these features in AlternativeSoft, contact us today.

    Disclaimer: The figures published here are for information purposes only and are not to be construed as investment advice. Publication does not constitute an offer or a solicitation to buy any stock.

  • Monthly Hedge Fund Performance (June to December 2013)

    Monthly Hedge Fund Performance (June to December 2013) Adobe PDF icon

    Sagar Amlani - AlternativeSoft AG

    This report details top performing hedge funds by strategy, based on data provided in the Barclayhedge database. In the report, we screen Hedge Funds to those typically desired by large institutional investors with: a minimum track record of 36 months, a minimum of 100m USD in AUM for the fund level and a minimum of 500m USD at the firm level. For Fund of Hedge Funds we screen those with: a minimum track record of 36 months, a minimum of 500m USD in AUM for the fund level and a minimum of 1bn USD at the firm level.

    Disclaimer: The figures published here are for information purposes only and are not to be construed as investment advice. Publication does not constitute an offer or a solicitation to buy any fund. Only approved funds are includedin this document.

  • The evolving role of Portfolio Management – November 2014

    The evolving role of Portfolio Management - November 2014 Adobe PDF icon

    Laurent Favre – AlternativeSoft AG

    Hedge fund managers face a more competitive environment, driven by investor and regulatory demands. The quality of a fund manager’s technological infrastructure is key to achieving a sustainable competitive advantage. Portfolio management sits at the core of this operating model.

    The good news is that long term demographic trends, including population growth and a growing middle class market, all point to a positive future for hedge fund managers that can successfully manage their portfolios.

    The key will be for hedge fund managers to adopt portfolio management solutions that give them a competitive edge in the market and help them maintain it over the long-term.

  • Driving Factors During the 2007-2009 Credit Crisis – February 2013

    Driving Factors During the 2007-2009 Credit Crisis – February 2013Adobe PDF icon

    Dr Krishna Nehra & Laurent Favre – AlternativeSoft AG

    This article focuses on investigating the temporal evolution of four asset classes – equity (S&P 500 Index), bond (JPM emerging markets bond Index), hedge fund (HFRI fund weighted composite index non-investable) and commodity (S&P GSCI commodity Index) using principal component analysis (PCA). PCA transforms a number of correlated time-series into a smaller number of uncorrelated time-series. It is shown that before the 2007-2009 credit crisis, the market was driven by commodities only, whereas, during the credit crisis (2007-2009) and in the years after (2010-2012), equities and commodities drove the market.

     

  • Asset Classes’ Expected Performance Based on Macro-Economic Views – Jan 2013

    Asset Classes’ Expected Performance Based on Macro-Economic Views – Jan 2013 Adobe PDF icon

    Dr Krishna Nehra & Laurent Favre – AlternativeSoft AG

    The table provided in this article displays the relationship between economic factors and equity, fixed income, commodity or hedge fund indices monthly returns. Assuming current trends will continue in 2013, then MSCI Emerging Markets and DAX are the best equity indices, Emerging Markets USD bonds is the best fixed income investment and Gold is the best commodity investment.

  • Black-Litterman Based Portfolio Optimization – Sept 2012

    Black-Litterman Based Portfolio Optimization – Sept 2012 Adobe PDF icon

    Dr Krishna Nehra & Laurent Favre – AlternativeSoft AG

    This article presents an example of portfolios optimized by AlternativeSoft’s BL model based optimization with the following objectives:
    - Minimize portfolio volatility
    - Produce a well-diversified portfolio
    - Allow the investors to define their views (absolute as well as relative) on the funds’ (mutual funds and hedge funds) expected returns,
    - Tilt the portfolio from an equally weighted portfolio towards the funds with good future expected returns if the investors are con dent about the future returns of these funds.

  • Focus On: Portfolio Construction – Oct 11

    Focus On: Portfolio Construction – October 2011 Adobe PDF icon

    Laurent Favre – AlternativeSoft AG

    The proposed portfolio construction technique is an equal volatility contribution technique. It allows building of well diversified strategic portfolios, but is not recommended for tactical portfolios (when horizon <12months). However, with this technique, we have not been able to reach our three objectives:

    a) Outperform out-of-sample four of our five benchmarks
    has been achieved;

    b) Generate at least 5% per annum has been achieved;

    c) Have positive returns, every year, from 1996 to 2011 has not been achieved.

    Using the same portfolio construction technique, our next research will focus on directly investing in hedge funds and mutual funds in order to outperform an equally weighted portfolio and on building portfolios with equal volatility contribution between funds.

  • How to Price Hedge Funds: From Two to Four-Moment CAPM – July 2005

    How to Price Hedge Funds: From Two to Four-Moment CAPM – July 2005 Adobe PDF icon

    Angelo Ranaldo – University of St. Gallen; University of St. Gallen – SoF: School of Finance & Laurent Favre – AlternativeSoft AG

    The authors conclude that in the CAPM model, it is hard to explain the superior paste performance of hedge funds. They argue that the Markowitz mean-variance criterion underpinning the traditional CAPM may fail to capture systematic features characterizing hedge fund performance. Thus, they extend the two-moment market model to a higher-moment model to accommodate coskewness and cokurtosis. The higher-moment approach is more appropriate for capturing the non-linear relation between hedge fund and market returns and accounting for the specific risk-return payoffs of each hedge fund investment strategy. The key result is that the sole use of the two-moment pricing model may be misleading and may wrongly indicate insufficient compensation for the investment risk.