# EDGAR Filing Document

**Accession Number:** 0001327228
**File Stem:** 0001752724-25-191486
**Filing Date:** 2025-8
**Character Count:** 12580
**Document Hash:** b06900514b506394e03a5d5837cd51f8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-191486.hdr.sgml**: 20250818

**ACCESSION NUMBER**: 0001752724-25-191486

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250818

**DATE AS OF CHANGE**: 20250818

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Alternative Investment Partners Absolute Return Fund
- **CENTRAL INDEX KEY:** 0001327228

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21767
- **FILM NUMBER:** 251227151

**BUSINESS ADDRESS:**
- **STREET 1:** ONE TOWER BRIDGE, 100 FRONT STREET
- **CITY:** WEST CONSHOHOCKEN
- **STATE:** PA
- **ZIP:** 19428-2881
- **BUSINESS PHONE:** 610-260-7600

**MAIL ADDRESS:**
- **STREET 1:** ONE TOWER BRIDGE, 100 FRONT STREET
- **CITY:** WEST CONSHOHOCKEN
- **STATE:** PA
- **ZIP:** 19428-2881

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Alternative Investment Partners Absolute Return Fund

- **b. Investment Company Act file number:** 811-21767

- **c. CIK number of Registrant:** 0001327228

- **d. LEI of Registrant:** 549300PFU5CJFCKK4L55

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** ONE TOWER BRIDGE, 100 FRONT STREET

  - **City:** WEST CONSHOHOCKEN

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19428-2881

  - **Telephone number:** 610-260-7600

**Item A.2. Information about the Series.**

- **a. Name of Series:** Alternative Investment Partners Absolute Return Fund

- **c. LEI of Series:** 549300PFU5CJFCKK4L55

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $356441414.04

**Total Liabilities:** $62235342.52

**Net Assets:** $294206071.52

**Cash Not Reported:** $5128462.02

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 1.56%                | 1.52%                | -0.66%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-122420.12              | $-5096632.22                               |
| Month 2  | $1642182.30              | $3568718.95                                |
| Month 3  | $2696277.56              | $-3880969.29                               |

### Schedule of Portfolio Investments

| Name                                  | Title                                 | Identifiers                  | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   | Fair Value Level   | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Element Capital US Feeder Fund LLC    | Element Capital US Feeder Fund LLC    | CUSIP: 000000000<br>LEI: N/A | Long             |  | PF                | US        |         0 | OU      | $0.00         | 0.00%             |  |  |  | Yes           | N/A                | On Loan: No      |
| D.E. Shaw Valence Fund, L.L.C.        | D.E. Shaw Valence Fund, L.L.C.        | CUSIP: 000000000<br>LEI: N/A | Long             |  | PF                | US        |  38701784 | OU      | $38701783.75  | 13.15%            |  |  |  | Yes           | N/A                | On Loan: No      |
| Voloridge Fund, LP                    | Voloridge Fund, LP                    | CUSIP: 000000000<br>LEI: N/A | Long             |  | PF                | US        |  11657781 | OU      | $11657781.29  | 3.96%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Holocene Advisors Fund LP             | Holocene Advisors Fund LP             | CUSIP: 000000000<br>LEI: N/A | Long             |  | PF                | US        |  27517976 | OU      | $27517975.64  | 9.35%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Squarepoint Focus US Feeder LP        | Squarepoint Focus US Feeder LP        | CUSIP: 000000000<br>LEI: N/A | Long             |  | PF                | US        |  25521884 | OU      | $25521883.60  | 8.67%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Cerberus SPV LLC                      | Cerberus SPV LLC                      | CUSIP: 000000000<br>LEI: N/A | Long             |  | PF                | US        |   4853575 | OU      | $4853574.91   | 1.65%             |  |  |  | Yes           | N/A                | On Loan: No      |
| LMR Alpha Rates Trading Fund Limited  | LMR Alpha Rates Trading Fund Limited  | CUSIP: 000000000<br>LEI: N/A | Long             |  | PF                | KY        |  10251753 | OU      | $10251753.06  | 3.48%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Calibrate Feeder Fund                 | Calibrate Feeder Fund                 | CUSIP: 000000000<br>LEI: N/A | Long             |  | PF                | KY        |  12955650 | OU      | $12955650.05  | 4.40%             |  |  |  | Yes           | N/A                | On Loan: No      |
| QVT Roiv Hldgs Onshore Ltd            | QVT Roiv Hldgs Onshore Ltd            | CUSIP: 000000000<br>LEI: N/A | Long             |  | PF                | KY        |         0 | OU      | $0.00         | 0.00%             |  |  |  | Yes           | N/A                | On Loan: No      |
| North Reef Capital LP                 | North Reef Capital LP                 | CUSIP: 000000000<br>LEI: N/A | Long             |  | PF                | US        |  10990779 | OU      | $10990778.88  | 3.74%             |  |  |  | Yes           | N/A                | On Loan: No      |
| D.E. Shaw Composite Fund LLC          | D.E. Shaw Composite Fund LLC          | CUSIP: 000000000<br>LEI: N/A | Long             |  | PF                | US        |         0 | OU      | $0.00         | 0.00%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Broad Reach (US) Fund LP              | Broad Reach (US) Fund LP              | CUSIP: 000000000<br>LEI: N/A | Long             |  | PF                | US        |  13314083 | OU      | $13314083.49  | 4.53%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Viking Global Equities LP             | Viking Global Equities LP             | CUSIP: 000000000<br>LEI: N/A | Long             |  | PF                | US        |  16481066 | OU      | $16481066.00  | 5.60%             |  |  |  | Yes           | N/A                | On Loan: No      |
| D.E. Shaw Oculus Fund, LLC            | D.E. Shaw Oculus Fund, LLC            | CUSIP: 000000000<br>LEI: N/A | Long             |  | PF                | US        |  25571265 | OU      | $25571265.32  | 8.69%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Eisler Capital Multi Strategy Fund LP | Eisler Capital Multi Strategy Fund LP | CUSIP: 000000000<br>LEI: N/A | Long             |  | PF                | US        |  13817634 | OU      | $13817634.12  | 4.70%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Two Sigma Spectrum U.S. Fund LP       | Two Sigma Spectrum U.S. Fund LP       | CUSIP: 000000000<br>LEI: N/A | Long             |  | PF                | US        |  19319041 | OU      | $19319040.94  | 6.57%             |  |  |  | Yes           | N/A                | On Loan: No      |
| ROIVANT SCIENCES LTD                  | ROIVANT SCIENCES LTD                  | CUSIP: 000000000<br>LEI: N/A | Long             |  | PF                | BM        |   2393906 | OU      | $2393905.78   | 0.81%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Elan Feeder Fund Ltd.                 | Elan Feeder Fund Ltd.                 | CUSIP: 000000000<br>LEI: N/A | Long             |  | PF                | KY        |   7196040 | OU      | $7196039.57   | 2.45%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Cerberus Partners, LP                 | Cerberus Partners, LP                 | CUSIP: 000000000<br>LEI: N/A | Long             |  | PF                | US        |   5766099 | OU      | $5766098.76   | 1.96%             |  |  |  | Yes           | N/A                | On Loan: No      |
| BCIM Credit Opportunities, LP         | BCIM Credit Opportunities, LP         | CUSIP: 000000000<br>LEI: N/A | Long             |  | PF                | US        |    766320 | OU      | $766319.68    | 0.26%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Olympus Peak Onshore LP               | Olympus Peak Onshore LP               | CUSIP: 000000000<br>LEI: N/A | Long             |  | PF                | US        |    806449 | OU      | $806448.65    | 0.27%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Axon Partners, LP                     | Axon Partners, LP                     | CUSIP: 000000000<br>LEI: N/A | Long             |  | PF                | US        |   1332480 | OU      | $1332480.04   | 0.45%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Aquatic Argo Fund LP                  | Aquatic Argo Fund LP                  | CUSIP: 000000000<br>LEI: N/A | Long             |  | PF                | US        |   8769607 | OU      | $8769606.97   | 2.98%             |  |  |  | Yes           | N/A                | On Loan: No      |
| FourSixThree Domestic Fund, LLC       | FourSixThree Domestic Fund, LLC       | CUSIP: 000000000<br>LEI: N/A | Long             |  | PF                | US        |  12095511 | OU      | $12095511.41  | 4.11%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Squarepoint Core US Feeder LP         | Squarepoint Core US Feeder LP         | CUSIP: 000000000<br>LEI: N/A | Long             |  | PF                | US        |  27899494 | OU      | $27899494.00  | 9.48%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Burford Alternative Income Fund II LP | Burford Alternative Income Fund II LP | CUSIP: 000000000<br>LEI: N/A | Long             |  | PF                | US        |    939165 | OU      | $939164.65    | 0.32%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Torus Feeder 2 LP                     | Torus Feeder 2 LP                     | CUSIP: 000000000<br>LEI: N/A | Long             |  | PF                | US        |  27996990 | OU      | $27996990.09  | 9.52%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Burford Alternative Income Fund LP    | Burford Alternative Income Fund LP    | CUSIP: 000000000<br>LEI: N/A | Long             |  | PF                | US        |   2673191 | OU      | $2673191.02   | 0.91%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Magnetar Capital Fund LP              | Magnetar Capital Fund LP              | CUSIP: 000000000<br>LEI: N/A | Long             |  | PF                | US        |    128330 | OU      | $128330.00    | 0.04%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Alyeska Fund LP                       | Alyeska Fund LP                       | CUSIP: 000000000<br>LEI: N/A | Long             |  | PF                | US        |  20904336 | OU      | $20904336.43  | 7.11%             |  |  |  | Yes           | N/A                | On Loan: No      |
| QVT SLV Onshore Ltd.                  | QVT SLV Onshore Ltd.                  | CUSIP: 000000000<br>LEI: N/A | Long             |  | PF                | KY        |    239490 | OU      | $239490.15    | 0.08%             |  |  |  | Yes           | N/A                | On Loan: No      |

### Signature

**Date Signed:** 2025-08-13

**Name of Applicant:** Alternative Investment Partners Absolute Return Fund

**Signature:** Francis J Smith

**Name of Signer:** Francis J Smith

**Title:** Principal Financial Officer