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Hedge Fund

Alternative Investment Partners Absolute Return Fund

Morgan Stanley

Net Assets

$177.2M

NAV Growth YoY

+1%

Most Recent Return

−6.22%

Formation

2018

Portfolio Composition

Investment Type

Statistical Arbitrage
43.69%
Equity Long/Short - High Hedge
23.08%
Macro
13.71%
Commodity Trading Advisors - Managed Futures
9.84%
Equity Long/Short - Opportunistic
6.29%
Fixed Income Arbitrage
6.15%
Multi-Strategy
5.00%
Event Driven Credit
4.55%
Distressed
3.74%
Other Directional
1.54%
Direct Investment
0.84%
Short-Term Investment
1.72%

Strategy

Directional
26.60%
Relative Value
64.20%
Event Driven
9.30%

Portfolio composition data sourced from regulatory filings.

Sekond Liquidity Risk Profile

Real-time liquidity intelligence powered by regulatory filings and proprietary analysis.

Current Repurchase Window
StatusOPEN
Cap5.0%
Redemption Waterfall
StatusOPEN
Cap5.0%
Third Party Offers
StatusOPEN
Cap5.0%
Liquidity Runway — Stressed Scenarios
StatusOPEN
Cap5.0%
Liquidity Composition
StatusOPEN
Cap5.0%
Redemption Context
StatusOPEN
Cap5.0%

Summary Metrics

Liquidity RiskB+
Runway

5Q

Fill Rate

92%

Fee Impact

1.45%

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About This Fund

The Alternative Investment Partners Absolute Return Fund is a '40 Act registered closed-end fund managed by Morgan Stanley AIP GP LP. It invests in hedge funds employing absolute return strategies including relative value, security selection, specialist credit, and directional approaches. The fund seeks capital appreciation through diversified exposure to multiple investment managers and strategies. Limited quarterly liquidity is offered through repurchase offers determined by the Board of Trustees, subject to underlying fund withdrawal constraints.

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