It's claimed that more than 850 institutions in 30 different countries currently use PerTrac’s desktop software for database management, statistical analysis and portfolio construction. The on-line version combines the desktop tools with some new innovations, creating a web-based platform designed to revolutionize the way investors identify and evaluate hedge funds. PerTrac Online allows the user to conduct advanced searches and analysis on HedgeFund.net's universe of more than 2,300 hedge funds

The HedgeFund.net-PerTrac Universes provide a three-dimensional view of the indices. Detailed percentile rankings are calculated every day for each of 35 different style categories. The results are presented in easy-to-use tables and graphs. Armed with this expanded level of detail, it is now possible for investors to precisely measure a fund’s performance relative to the entire spectrum of its peer group.

Among many other features, HedgeFund.net-PerTrac Universes also provide a Monthly Flash Estimate. Day by day, as the managers' results are collected, PerTrac Online displays the results and constantly re-calculates the universes’ statistics. This allows a preview of the most recent performance information as it occurs.

Allowing for the fact that not all hedge funds choose to report their performance to the commercial databases such as HedgeFund.net, PerTrac Online also allows the user to quickly set up secure, private records for which the whole of the system's analytical capabilities are available.