When I started to backtest my hedge fund I went through all the different backtesting programs from tradestation to AMI broker. The two that I found work the best are Genesis and Traders Studio. Out of these 2 I would say I use Traders Studio more for my hedge fund because it is more complex. Traders Studio really helped my hedge fund because I was able to apply advanced money management techniques to my pool of commodities. (not money management to just one market). Also Traders Studio has different levels just like a hedge fund and you combined these levels to make a full hedge fund right in the software. Traders Studio should be going level soon, so you can have your hedge fund with money management set to auto run