Hedge Fund

Alternative Investment Partners Absolute Return Fund

Formation2018

SEC Filing ↗

Net Assets

$177.2M

NAV YoY

+1%

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.

Deeper Analysis

Institutional intelligence and portfolio transparency

Reported as of December 2025

Principal Portfolio Holdings

Holding	Value	Allocation
D.E. Shaw Valence Fund, L.L.C. Statistical Arbitrage	$45.5M	15.59%
D.E. Shaw Oculus Fund, LLC Macro	$31.3M	10.71%
Squarepoint Core US Feeder LP Statistical Arbitrage	$28.2M	9.66%
Proprietary Exposure	---	---
Proprietary Exposure	---	---

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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.