Overview

We specialize in delivering a broad range of hedge fund portfolio solutions to a global client base. Our strategies include custom hedge fund portfolios; broadly-diversified, opportunistic and strategy-specific funds; and advisory services

Capabilities

Our Strategies

Our platform reflects the needs and interests of our investors. We have sophisticated customization capabilities through which we create bespoke portfolios comprising direct fund investments, hedge fund secondaries and co-investments. We also offer a suite of commingled funds, both registered funds and privately placed funds, with strategies that range from broadly diversified to strategy-focused and opportunistic.

Our Approach

We seek to generate attractive risk-adjusted returns, combining investments in high-conviction managers with targeted, high-alpha opportunities and low-cost alternative beta strategies. Through our direct fund investments, we are able to provide access to best-in-class, closed and capacity-constrained managers. Importantly, we use our scale to negotiate favorable terms and we focus on developing flexible and creative implementation options for clients.

Our Investment Teams

Investment Team
AIP Hedge Fund Team
 
 
Strategies
Offers custom recommendations, advice and account oversight for clients who wish to retain ownership of hedge fund positions.  
Offers custom portfolios that address the unique investment, reporting and administrative objectives of hedge fund investors.  
Provides broad exposure to hedge fund managers pursuing directional, relative value and event-driven strategies.  
Provides focused exposure to hedge fund managers pursuing opportunistic strategies.  
Provides focused exposure to hedge fund managers within a single strategy category.  
 
 
Registered Funds
AIP Alternative Lending Fund A will seek to provide total return with an emphasis on current income. It may invest in a broad range of alternative lending securities—including but not limited to consumer loans, small business loans and specialty finance loans—that generate interest or other income streams that AIP believes offer access to credit risk premium. It will provide exposure to various types of credit risk, and it will be diversified across US states, with the potential to add non-US exposure over time—including in the UK and Europe.  
AIP Alternative Lending Fund P, through its investment in its master fund, AIP Alternative Lending Fund A, will seek to provide total return with an emphasis on current income. It may invest in a broad range of alternative lending securities—including but not limited to consumer loans, small business loans and specialty finance loans—that generate interest or other income streams that AIP believes offer access to credit risk premium. It will provide exposure to various types of credit risk, and it will be diversified across US states, with the potential to add non-US exposure over time—including in the UK and Europe.
Alternative Investment Partners Absolute Return Fund (the "Fund") is a fund of hedge funds that invests substantially all its assets in private investment funds (commonly referred to as hedge funds) that are managed by a select group of alternative investment managers who employ different absolute return investment strategies in pursuit of attractive risk-adjusted returns (returns adjusted to take into account volatility of those returns) consistent with the preservation of capital and not highly correlated with fixed income or equity indices.  
Alternative Investment Partners Absolute Return Fund STS is a fund of hedge funds that, through its ultimate master fund, Alternative Investment Partners Absolute Return Fund ("ARF"), invests substantially all its assets in private investment funds (commonly referred to as hedge funds) that are managed by a select group of alternative investment managers who employ different absolute return investment strategies in pursuit of attractive risk-adjusted returns (returns adjusted to take into account volatility of those returns) consistent with the preservation of capital and not highly correlated with fixed income or equity indices.  
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As of September 30, 2024. Team information may change from time to time.

The information presented herein is solely for informational and educational purposes only. It is intended for the benefit of third party issuers and those seeking information about alternatives investment strategies. The information contained herein does not constitute and should not be construed as an offering of advisory services or an offer to sell or a solicitation of an offer to buy any securities in any jurisdiction in which such offer or solicitation, purchase or sale would be unlawful under the securities, insurance or other laws of such jurisdiction.

All information provided has been prepared solely for information purposes and does not constitute an offer or a recommendation to buy or sell any particular security or to adopt any specific investment strategy. The information herein has not been based on a consideration of any individual investor circumstances and is not investment advice, nor should it be construed in any way as tax, accounting, legal or regulatory advice. To that end, investors should seek independent legal and financial advice, including advice as to tax consequences, before making any investment decision. There is no guarantee that any investment strategy will work under all market conditions, and each investor should evaluate their ability to invest for the long-term, especially during periods of downturn in the market.

Any views and opinions provided are those of the portfolio management team and are subject to change at any time due to market or economic conditions and may not necessarily come to pass. Furthermore, the views will not be updated or otherwise revised to reflect information that subsequently becomes available or circumstances existing, or changes occurring. The views expressed do not reflect the opinions of all portfolio managers at Morgan Stanley Investment Management or the views of the firm as a whole, and may not be reflected in all the strategies and products that the Firm offers.


Any investments discussed herein are for illustrative purposes only and are provided solely to demonstrate the Team's views and type of analysis used in implementing their investment strategy. There is no guarantee that the investment mentioned will perform well in the future. The statements above reflect the views and opinions of the Team as of the date hereof and not as of any future date, and will not be updated or supplemented.


Diversification does not protect you against a loss in a particular market; however it allows you to spread that risk across various asset classes. Past performance is no guarantee of future results.

Leveraging Morgan Stanley Resources - Subject to third party confidentiality agreement obligations and information barriers established by Morgan Stanley to manage potential conflicts of interest and applicable allocation policies.

Alternative investments are speculative and include a high degree of risk. Investors could lose all or a substantial amount of their investment. Alternative investments are suitable only for long-term investors willing to forego liquidity and put capital at risk for an indefinite period of time. Alternative investments are typically highly illiquid – there is no secondary market for private funds, and there may be restrictions on redemptions or assigning or otherwise transferring investments into private funds. Alternative investment funds often engage in leverage and other speculative practices that may increase volatility and risk of loss. Alternative investments typically have higher fees and expenses than other investment vehicles, and such fees and expenses will lower returns achieved by investors.

In the ordinary course of its business, Morgan Stanley engages in a broad spectrum of activities including, among others, financial advisory services, investment banking, asset management activities and sponsoring and managing private investment funds. In engaging in these activities, the interest of Morgan Stanley may conflict with the interests of clients.

Alternative investment funds are often unregulated, are not subject to the same regulatory requirements as mutual funds, and are not required to provide periodic pricing or valuation information to investors. The investment strategies described in the preceding pages may not be suitable for your specific circumstances; accordingly, you should consult your own tax, legal or other advisors, at both the outset of any transaction and on an ongoing basis, to determine such suitability.

No investment should be made without proper consideration of the risks and advice from your tax, accounting, legal or other advisors as you deem appropriate.

Morgan Stanley is a full-service securities firm engaged in a wide range of financial services including, for example, securities trading and brokerage activities, investment banking, research and analysis, financing and financial advisory services. Investments and services are offered through Morgan Stanley Distribution, Inc., member SIPC.

 

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