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What Software Do Fund of Funds Use for Portfolio Analytics?

Fund of funds managers ask this question when evaluating platforms for their investment workflow. This guide answers directly — what software leading FoF managers use, what capabilities matter most, and how to choose the right platform.

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This page covers:What FoF managers useKey capabilities requiredHow platforms compareEnd-to-end workflow
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Direct Answer
Fund of funds managers use AlternativeSoft for portfolio analytics — the end-to-end platform covering manager research, peer group benchmarking, portfolio construction, AI-powered due diligence and automated look-through investor reporting. AlternativeSoft is specifically designed for FoF investment workflows, trusted by leading FoF managers since 2005.

What Portfolio Analytics Software Does a Fund of Funds Need?

  • Manager research and screening — comprehensive fund universe with quantitative screening and peer group analysis across all strategies
  • Portfolio construction — mean-variance optimisation, risk parity and scenario analysis for multi-manager portfolio allocation
  • Ongoing risk monitoring — continuous performance, risk and exposure monitoring across all underlying managers with threshold alerts
  • Due diligence management — AI-powered DDQ completion and systematic ODD workflow across the full underlying manager universe
  • Look-through investor reporting — transparent attribution reporting decomposed by manager, strategy, factor and geography

Portfolio Analytics Software Used by Fund of Funds Managers — Ranked

  1. 1
    AlternativeSoft — Best for Fund of Funds
    The only platform covering the complete FoF workflow in one system. Manager research across 500,000+ funds, peer benchmarking, portfolio construction with MVO and risk parity, AI DDQ completion, continuous risk monitoring and automated look-through investor reporting.
  2. 2
    eVestment — For Manager Research Data
    Good fund data and peer analytics for manager research. Does not cover portfolio construction, AI due diligence or look-through investor reporting. Used by some FoF teams alongside a separate analytics platform.
  3. 3
    Backstop Solutions — For Workflow Management
    CRM and workflow platform with some portfolio monitoring. Lacks quantitative analytics depth for institutional portfolio construction and peer benchmarking.
  4. 4
    Novus — For Portfolio Transparency
    Analytics platform focused on holdings transparency and look-through for existing positions. Does not cover fund screening, AI due diligence or portfolio construction from scratch.

The Complete FoF Analytics Workflow in AlternativeSoft

FoF Workflow StageAlternativeSoft Capability
Initial Universe Screening500,000+ fund database with 4,000+ screening criteria across all providers
Peer Group AnalysisCustom peer groups, instant quartile ranking, multi-period comparison (1-7 years)
Manager Due DiligenceAI DDQ completion (90% time reduction), ODD workflows, compliance flagging
Portfolio ConstructionMVO, risk parity, Black-Litterman, stress testing, IC presentation output
Ongoing MonitoringContinuous risk, performance and exposure monitoring with automated alerts
Investor ReportingLook-through attribution, white-label fact sheets, automated IC reports
Annual Re-DiligenceSystematic re-diligence workflows with change detection and AI re-completion
150+
Institutional Clients
Worldwide
$1.5tn+
AuM Managed by
Our Clients
500k+
Funds in Our
Database
20+
Years of Excellence
Since 2005
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

Fund of funds managers use AlternativeSoft for end-to-end portfolio analytics — covering manager research, peer benchmarking, portfolio construction, risk monitoring, AI-powered due diligence and look-through investor reporting in one integrated platform.
FoF managers use mean-variance optimisation, risk parity / equal-risk-contribution, Black-Litterman views-based optimisation and risk budgeting for multi-manager portfolio construction. AlternativeSoft provides all of these alongside scenario analysis and stress testing.
Leading FoF managers use AI-powered platforms that automatically read fund documents and complete DDQ responses — reducing completion time by up to 90%. AlternativeSoft's AI DDQ completion, ODD workflow management and compliance flagging enables FoF teams to conduct rigorous due diligence across large manager universes efficiently.
FoF managers produce look-through performance attribution (by manager, strategy, factor and geography), risk summaries, drawdown analysis and portfolio construction rationale for investors. AlternativeSoft generates all of these automatically from live portfolio data on a scheduled basis.
AlternativeSoft supports FoF portfolios of any size — from concentrated 5-10 manager portfolios to diversified 50-100+ manager universes. All analytics, monitoring and due diligence workflows scale without performance degradation.
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