# Northstar Risk/Performance Software Pricing, Alternatives & More 2026 | Capterra > With the help of Capterra, learn about Northstar Risk/Performance Software - reviews, pricing plans, popular comparisons to other Financial Risk Management products and more. Source: https://www.capterra.com/p/136411/Northstar-Risk-and-Performance-Analysis-Platform/alternatives --- # Northstar Risk/Performance Software Review 2026: Features, Integrations, Pros & Cons Last updated on November 10, 2025 Provider data verified by our Software Research team, and reviews moderated by our Reviews Verification team. [Description](#description)[Use cases](#use-cases)[Alternatives](#alternatives)[Features](#features)[Pricing](#pricing)[Support](#support)[Reviews](#reviews) Northstar Risk/Performance Software ## What is Northstar Risk/Performance Software? The Northstar platform helps hedge funds manage risk, evaluate performance, and effectively communicate with investors. Northstar is not just software, it is a service. At Northstar, our experts will fully integrate your back office systems with our risk and performance platform. Northstar is faster, easier to maintain and more accurate, saving you time and money. This is truly software as a service. Northstar is frequently recognized as among the best risk management service providers, including six nominations from HFM for Best Risk Management Solution, Best Risk Management Technology, and Best Risk Management Technology Provider. ## What is Northstar Risk/Performance Software used for? [Hedge Fund](https://www.capterra.com/hedge-fund-software/)[Risk Management](https://www.capterra.com/risk-management-software/)[Financial Risk Management](https://www.capterra.com/financial-risk-management-software/) Overall rating Based on 11 user reviews Reviews sentiment Positive \- Neutral \- Negative \- Starting price $40000 Per User, Per Year Free trial not available Capterra Shortlist charts the highest-rated and most popular products... Our "Best of" badge program showcases products with the highest ratings... Our "Best of" badge program showcases products with the highest ratings... ## Northstar Risk/Performance Software alternatives Highest Rated [4.8 (17)](https://www.capterra.com/p/140814/Fraud-net-Guardian/reviews/) Starting price Contact vendor for pricing [4.4 (79)](https://www.capterra.com/p/147599/Resolver/reviews/) Starting price $10000.00 Per User, Per Month [4.5 (15)](https://www.capterra.com/p/47491/Corporater-Business-Management-Platform/reviews/) Starting price Contact vendor for pricing [4.7 (16)](https://www.capterra.com/p/160754/KYC-Portal/reviews/) Starting price $28000.00 Per User, Per Month ## Features Features with the highest number of reviews are displayed first. Those that have no reviews appear next, sorted alphabetically. Risk Analysis 5.0 (5) 100.00% of 5 reviewers that rated this feature as important or highly important Analyze potential risks across the organization Risk Assessment 4.8 (4) 125.00% of 4 reviewers that rated this feature as important or highly important Initiate collection and analysis of known risks Risk Reporting 5.0 (4) 75.00% of 4 reviewers that rated this feature as important or highly important Reporting of risks associated with specific actions, events, or entities For Hedge Funds 5.0 (3) 100.00% of 3 reviewers that rated this feature as important or highly important Designed for Hedge Funds Investor Reporting 5.0 (3) 133.33% of 3 reviewers that rated this feature as important or highly important Compile and report on all investor activities Alerts/Notifications 5.0 (2) 50.00% of 2 reviewers that rated this feature as important or highly important Alerts or notifications of various types such as pop-up messages, sounds, banners, or badges Northstar Risk/Performance Software 18 features Alerts or notifications of various types such as pop-up messages, sounds, banners, or badges Application programming interface that allows for integration with other systems/databases A record of all activities within the system, including user access, changes made, etc. Track and manage adherence to policies for any service, product, process, or supplier Assembly of graphs and charts for visualizing and tracking statistics/metrics Qualitative or quantitative risk methodology to evaluate the risk for an individual account or portfolio, and identify problems Designed for Hedge Funds Compile and report on all investor activities Monitor and analyze the performance and status of a server or system/application A set of indicators that tracks the performance of networks, applications, systems, teams, etc. Measure and assess the performance of investments Overview of all programs that help compare initiatives, align projects with strategic goals and identify risk A type of financial statement used to record and report an organization's revenues, costs, and expenses over a specific amount of time Active reporting of data and metrics View and track pertinent metrics to find patterns and gain insights from data Analyze potential risks across the organization Initiate collection and analysis of known risks Reporting of risks associated with specific actions, events, or entities Get Advice We can help you find the software with the features you need. Features 5.0 (11) 5.0 Based on 11 reviews ## Pricing Value for money 4.8 (10) Basic $40,000 Per User,Per Year Value for money 4.8 (10) 4.8 Based on 10 reviews Connect with a Capterra advisor for a free 15-minute consultation Get a personalized software list aligned to your business needs with guidance from our expert advisors. Our team has helped 1 million+ businesses like yours find options that fit their needs. ## Support, customer service and training options Customer Service 5.0 (11) Support - Email/Help Desk - FAQs/Forum - Knowledge Base - Phone Support - 24/7 (Live rep) - Chat Training - In Person - Live Online - Webinars - Documentation - Videos Deployment - Web - Android - iPhone/iPad Typical users - Freelancers - Small businesses - Mid size businesses - Enterprises Customer Service 5.0 (11) 5.0 Based on 11 reviews ## User reviews Overall rating 5.0 Based on 11 reviews Filter by rating 5(11) 4(0) 3(0) 2(0) 1(0) Mentioned topic Sorted by most recent DL Duane L. Chief Operating Officer Financial Services ### "Pioneer in Hedge Fund Risk " 5.0 Overall Rating 5.0 5.0 Ease of Use 5.0 5.0 Features 5.0 5.0 Customer Service 5.0 5.0 Likelihood to Recommend 9/10 September 24, 2025 Very positive experience with \[sensitive content hidden\] "can do" attitude as well as the broader team's ability to deliver quickly and efficiently. It helps that the team is English-speaking and based in the US and many if not all have previous hedge fund experience. Pros Northstar thrives on product complexity and provides "check the box" components expected for risk measurement in addition to periodic insights/analysis from \[sensitive content hidden\] a true passionate and very qualified academic and risk practitioner. Most hedge funds required bespoke reporting (versus canned) where Northstar thrives. Cons For security, Northstar will whitelist your IP address to access the system. For those with dynamic IP, you will need to contact them to update this. Switched from [BarraOne](https://www.capterra.com/p/59716/BarraOne/) Customization and flexibility of reporting Review source Incentivized review: software users are invited to submit an honest review and offered a nominal incentive for their time and effort. All incentivized reviews are subject to our verification process prior to publication. CS Catherine S. Head of Marketing Financial Services ### "Great product for both internal risk management and investor reporting" 5.0 Overall Rating 5.0 5.0 Ease of Use 5.0 5.0 Features 5.0 5.0 Customer Service 5.0 5.0 Likelihood to Recommend 10/10 May 20, 2025 Pros Great product for hedge funds looking to manage risk and track performance statistics. The Northstar team is very responsive to bespoke requests. Consider this as effective as employing an in-house risk manager. Cons No complaints. An enhancement could be to make the product accessible via a mobile app. Or integrate with a CRM software so that customized reports can be efficiently distributed to LPs. Review source Incentivized review: software users are invited to submit an honest review and offered a nominal incentive for their time and effort. All incentivized reviews are subject to our verification process prior to publication. EM Emmanuel M. CRO Financial Services ### "Great risk system" 5.0 Overall Rating 5.0 5.0 Ease of Use 5.0 5.0 Features 5.0 5.0 Customer Service 5.0 5.0 Likelihood to Recommend 10/10 October 11, 2023 Excellent Pros Northstar is a comprehensive risk platform which can help asset managers analyze their risk(s) and PnL attribution. It covers a wide range of asset classes and has the huge benefit of coming with independent data. Coupled to its various risk libraries (covering merger arb as well, which is quite rare), it provides insight into your portfolio risk and can easily be used by all stakeholders within the firm, from PMs to Management and Risk. Contrary to many other risk systems, it is set up so that it can provide an accurate PnL of the portfolio, which means that your PnL attribution is realistic and ties back to the PnL that you get from your GL. The team at Northstar is small but very responsive and capable. The product has already many features available, but if you need something customised, it is possible as well. The GUI is easy to navigate and allows for easy grouping/drilling into the portfolio, including time series analysis of various fields. Overall, a great product which solves a lot of issues that would take a lot of effort to build and maintain internally otherwise. Cons Nothing critical, but nice developments for the future would be:- ability to access on mobile devices/web browser- ability for end-user to input data into the app directly (for selected use cases at least)- additional filtering options in the Screens- constituents drill-through sensitivities (without having the full breakdown of indices/ETFs) Review source Non-incentivized review: any software user can leave a review for any product listed on our site. All submitted reviews are subject to our verification process prior to publication. Jeffrey G. Chief Risk Officer Financial Services ### "Comprehensive and customizable risk management solution for the buy side" 5.0 Overall Rating 5.0 5.0 Ease of Use 5.0 5.0 Features 5.0 5.0 Customer Service 5.0 5.0 Likelihood to Recommend 10/10 October 4, 2023 Pros Customizable user interface and reporting package Cons Not many downsides to mention. When we have suggested new features and pointed out problems they have been dealt with swiftly. A nice improvement would be exposing some of the model parameters and instrument overrides in the user interface. Review source Non-incentivized review: any software user can leave a review for any product listed on our site. All submitted reviews are subject to our verification process prior to publication. CB chris b. Managing Partner Financial Services ### "Northstar" 5.0 Overall Rating 5.0 5.0 Ease of Use 4.0 4.0 Features 5.0 5.0 Customer Service 5.0 5.0 Likelihood to Recommend 10/10 September 27, 2023 We have found the external risk assessments from Northstar to be invaluable and could not recommend it enough. Pros Northstar Risk is a comprehensive risk platform that addresses our use case of a portfolio with a wide range of asset classes. Their attention to detail and breadth coupled with their readiness to work through nuances and create bespoke solutions is second to none. Cons While the output from the platform is stellar, the application itself can be somewhat slow on our machines. This is by no means an issue, but if one had to be chosen, this would be it. Review source Non-incentivized review: any software user can leave a review for any product listed on our site. All submitted reviews are subject to our verification process prior to publication. Stephen K. COO Financial Services ### "Excellent tool for hedge funds looking to understand both risk and performance. " 5.0 Overall Rating 5.0 5.0 Ease of Use 5.0 5.0 Features 5.0 5.0 Customer Service 5.0 5.0 Likelihood to Recommend 10/10 January 17, 2023 We needed a CRO function and Northstar is perfectly that. As a matter of fact it is better than having an internal CRO as Northstar is truly independent. I highly recommend their risk consulting services as well as their risk technology offering. Pros Great support.Great integration.Easy to use. Cons None, I really have nothing negative to write. Reasons for choosing Northstar Risk/Performance Software I had long known of \[SENSITIVE CONTENT\] and his deep professional and academic experience in risk management. We were in need of a risk management technology, but even more so risk consulting services to serve as an Outsources-CRO. \[SENSITIVE CONTENT\] was the only one who could measure up and he has hit the mark. Review source Non-incentivized review: any software user can leave a review for any product listed on our site. All submitted reviews are subject to our verification process prior to publication. MF Michael F. CRO Financial Services ### "1 Year On " 5.0 Overall Rating 5.0 5.0 Ease of Use 5.0 5.0 Features 5.0 5.0 Customer Service 5.0 5.0 Likelihood to Recommend 10/10 April 24, 2021 We use it as the daily deep-dive on risk & return attribution as well as the risk characteristics for a multimanager multistrategy hedge fund. We would not be able to run the business without NorthStar Pros 1) Quality of product - Technical Attribtues 2) Customer Support 3) Easy To Use Cons Not much to say that I dont like. There are less expensive solutions out there, so if $ is your only criteria, probably not for you. But in terms of value for the $, its the best that I've ever used. Reasons for choosing Northstar Risk/Performance Software Technical Attributes & Cost Review source Non-incentivized review: any software user can leave a review for any product listed on our site. All submitted reviews are subject to our verification process prior to publication. TD Thiago D. Chief Financial Officer Financial Services ### "Amazing Plug and Play Platform" 5.0 Overall Rating 5.0 5.0 Ease of Use 5.0 5.0 Features 5.0 5.0 Customer Service 5.0 5.0 Likelihood to Recommend 10/10 June 10, 2020 Huge optimization of time spent on development of risk reports. Pros Quick implementation process (our experience was plug and play). Real 24x7 high level professional and technical support. Very user friendly interface. Great reporting and analysis tool. Very easy to be personalized. Overall impressive and very positive experience. Cons None until now. Integration with our current system was incredibly easy. Reasons for choosing Northstar Risk/Performance Software It really works! Review source Non-incentivized review: any software user can leave a review for any product listed on our site. All submitted reviews are subject to our verification process prior to publication. EG Edward G. Sr. Analyst Financial Services ### "Great product for hedge funds looking to manage risk and track performance" 5.0 Overall Rating 5.0 5.0 Ease of Use 5.0 5.0 Features 5.0 5.0 Customer Service 5.0 5.0 Likelihood to Recommend 9/10 October 10, 2019 Pros Support is great, for ongoing or new features. Integration was seamless. The UI is easy to use and straightforward. Built-in risk model for commodity futures was more robust than other more expensive systems. Cons No big issues, I have found a great amount of value in the product Review source Non-incentivized review: any software user can leave a review for any product listed on our site. All submitted reviews are subject to our verification process prior to publication. Alexander V. Managing Director Financial Services ### "Robust Risk Platform for Hedge Fund Managers" 5.0 Overall Rating 5.0 5.0 Ease of Use 5.0 5.0 Features 5.0 5.0 Customer Service 5.0 5.0 Likelihood to Recommend 10/10 June 28, 2019 We use Northstar's platfrom daily - it is practical, easy to use, and reliable. The data is presented in a very intuitive and visual way. Northstar has a robust risk engine behind its friendly UX, which precisely monitors risk and performance of our portfolio. It works well on both security level and portfolio level, allowing us to get a great precision on our numbers. This is a day and night difference compared to our previous risk system, a well known product which was overcluttered with useless reports and features and had a simplistic risk engine. We do not see a more compelling product for hedge fund risk management than Northstar. Pros 1\. Intuitive design - Easy to use and understand. 2. Detailed reporting - Profit Attribution and Factor Analysis dashboards are highly functional 3. Flexible and customizable - Create your own reports and dashboards 4. Accurate - Data always makes sense 5. Reliable - System has not been down since we implemented it 6. Good integration Cons 1\. web / iOS / Android app would be a nice feature 2. testing impact of potential trades on overall portfolio risk should be more automated. Review source Non-incentivized review: any software user can leave a review for any product listed on our site. All submitted reviews are subject to our verification process prior to publication. [View all Reviews](https://www.capterra.com/p/136411/Northstar-Risk-and-Performance-Analysis-Platform/reviews/) Independent research methodology Capterra's researchers use a mix of verified reviews, independent research and objective methodologies to bring you selection and ranking information you can trust. While we may earn a referral fee when you visit a provider through our links or speak to an advisor, this has no influence on our research or methodology. [Learn more](https://www.capterra.com/resources/proprietary-data-research/) How Capterra verifies reviews Capterra carefully verified over 2.5 million+ reviews to bring you authentic software experiences from real users. Our human moderators verify that reviewers are real people and that reviews are authentic. They use leading tech to analyze text quality and to detect plagiarism and generative AI. [Learn more](https://www.capterra.com/resources/how-we-verify-reviews/) How Capterra ensures transparency Capterra lists all providers across its website—not just those that pay us—so that users can make informed purchase decisions. Capterra is free for users. Software providers pay us for sponsored profiles to receive web traffic and sales opportunities. Sponsored profiles include a link-out icon that takes users to the provider's website. [Learn more](https://www.capterra.com/resources/how-we-ensure-transparency/)