AIP offshore fund generates 84.6 per cent
AIP’s Global Macro Offshore Fund generated 84.6 per cent from June 2012 through July 2013 as per the financial statements reviewed by the auditors Rothstein Kass.
These results outperformed the major indexes and were achieved against a backdrop of generationally low interest rates.
The fund achieved, net of fees, a total return of 72.3 per cent for the trailing 12 month period ending 31 July 2013 based on internal estimates.
The fund’s performance is mainly attributable to its investments in special situations, exposure to the European markets and USD28m received from the sale of a portfolio investment to a USD13bn US based hedge fund.
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