A mutual fund is usually for retail clients. A hedge fund tends to be volatile. What would u call a managed fund that deals primarily with institutional clients, on a managed account basis? Its strategy tends to be alpha but volatility is usually on par with market risk. Any ideas?

I have used microsoft money and found the layout insanely frustrating. I am looking to have the capability to determine beta, alpha, volatility of individual investments and the portfolio as a whole. I would also like to be able to compare my returns to previous years and choose the time frame.
Thanks.
I fired my broker, because thats what he made me. And their portfolio tracking software was terrible. He had a 8 year time frame, and I wasn’t swapping in and out of things either.