AIP-Kingsmont Offshore Fund generated net annual returns of 24.6 per cent including a 7.0 per cent dividend distribution to investors in 2012, as per the firm’s financial statements audited by Rothstein Kass.
These results outperformed the major indexes, hedge fund benchmarks and were achieved against a backdrop of generationally low interest rates.
The fund achieved, net of fees, total return of 24.6 per cent for its investors in 2012 compared with 3.1 per cent for the HFI Global Macro Index and 7.2 per cent for the TSX Index respectively.
The fund’s performance is mainly attributable to its investments in special situations, foreign exchange and fixed income securities which resulted in superior risk-adjusted returns, low volatility and limited correlation to the market.
