# EDGAR Filing Document

**Accession Number:** 0001327228
**File Stem:** 0001752724-23-030715
**Filing Date:** 2023-2
**Character Count:** 15641
**Document Hash:** 278702fe7d6945e344e11b01a830d177
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-030715.hdr.sgml**: 20230221

**ACCESSION NUMBER**: 0001752724-23-030715

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230221

**DATE AS OF CHANGE**: 20230221

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Alternative Investment Partners Absolute Return Fund
- **CENTRAL INDEX KEY:** 0001327228
- **IRS NUMBER:** 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:** 23646615

**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:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $366089625.18

**Total Liabilities:** $69391527.21

**Net Assets:** $296698097.97

**Cash Not Reported:** $460816.27

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 1.14%                | -0.11%               | 1.98%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $5724506.99              | $-1705274.28                               |
| Month 2  | $2734658.88              | $-2291145.95                               |
| Month 3  | $402.50                  | $6662598.28                                |

### 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        |    273764 | OU      | $273764.49    | 0.09%             |  |  |  | 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: JSNBF5FIRGTLOGDA8E09 | Long             |  | PF                | US        |  31213765 | OU      | $31213764.99  | 10.52%            |  |  |  | Yes           | N/A                | On Loan: No      |
| Ergoteles Partners L.P.                | Ergoteles Partners L.P.                | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |  14587698 | OU      | $14587697.50  | 4.92%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Voloridge Fund, LP                     | Voloridge Fund, LP                     | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |  16979004 | OU      | $16979004.37  | 5.72%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Olympus Peak Onshore LP                | Olympus Peak Onshore LP                | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |  11102382 | OU      | $11102381.74  | 3.74%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Holocene Advisors Fund LP              | Holocene Advisors Fund LP              | CUSIP: 000000000<br>LEI: 549300BK4BG08VTDZF29 | Long             |  | PF                | US        |  24857014 | OU      | $24857014.37  | 8.38%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Point72 Capital, L.P.                  | Point72 Capital, L.P.                  | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |  20921901 | OU      | $20921900.72  | 7.05%             |  |  |  | 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        |  17954500 | OU      | $17954500.14  | 6.05%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Cerberus SPV LLC                       | Cerberus SPV LLC                       | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |   6357783 | OU      | $6357782.86   | 2.14%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Axon Partners, LP                      | Axon Partners, LP                      | CUSIP: 000000000<br>LEI: Q0I1D1LZT14X1H1YYA58 | Long             |  | PF                | US        |    994261 | OU      | $994260.51    | 0.34%             |  |  |  | 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                | US        |  10535158 | OU      | $10535157.75  | 3.55%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Voloridge Fund, LP                     | Voloridge Fund, LP                     | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |   1658087 | OU      | $1658087.22   | 0.56%             |  |  |  | Yes           | N/A                | On Loan: No      |
| QVT Roiv Hldgs Onshore Ltd.            | QVT Roiv Hldgs Onshore Ltd.            | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |    501005 | OU      | $501005.22    | 0.17%             |  |  |  | Yes           | N/A                | On Loan: No      |
| North Reef Capital LP                  | North Reef Capital LP                  | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |  10020933 | OU      | $10020933.08  | 3.38%             |  |  |  | Yes           | N/A                | On Loan: No      |
| QVT Roiv Hldgs Onshore Ltd.            | QVT Roiv Hldgs Onshore Ltd.            | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |   2484281 | OU      | $2484280.85   | 0.84%             |  |  |  | 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        |  13867233 | OU      | $13867233.08  | 4.67%             |  |  |  | Yes           | N/A                | On Loan: No      |
| One River Long Volatility SP           | One River Long Volatility SP           | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |   3686367 | OU      | $3686367.48   | 1.24%             |  |  |  | Yes           | N/A                | On Loan: No      |
| D.E. Shaw Oculus Fund, LLC             | D.E. Shaw Oculus Fund, LLC             | CUSIP: 000000000<br>LEI: G5Q1PIWQ3KMR5T5Y3J40 | Long             |  | PF                | US        |  21519448 | OU      | $21519448.48  | 7.25%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Magnetar Equity Opportunities Fund LLC | Magnetar Equity Opportunities Fund LLC | CUSIP: 000000000<br>LEI: 4Z3UNY7LESJT7JZ6U206 | Long             |  | PF                | US        |   6242366 | OU      | $6242366.43   | 2.10%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Two Sigma Spectrum U.S. Fund LP        | Two Sigma Spectrum U.S. Fund LP        | CUSIP: 000000000<br>LEI: UF5SXRT2PVLWJHYWPI49 | Long             |  | PF                | US        |  18508008 | OU      | $18508008.45  | 6.24%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Wolf Hill Partners, LP                 | Wolf Hill Partners, LP                 | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |  12695023 | OU      | $12695023.00  | 4.28%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Cerberus Partners, LP                  | Cerberus Partners, LP                  | CUSIP: 000000000<br>LEI: 1O4KCZLRVBPS7HJHCV39 | Long             |  | PF                | US        |   7804474 | OU      | $7804474.27   | 2.63%             |  |  |  | Yes           | N/A                | On Loan: No      |
| BCIM Credit Opportunities, LP          | BCIM Credit Opportunities, LP          | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |   2574532 | OU      | $2574532.46   | 0.87%             |  |  |  | Yes           | N/A                | On Loan: No      |
| One River Long Volatility SP           | One River Long Volatility SP           | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |   1233375 | OU      | $1233375.08   | 0.42%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Element Capital US Feeder Fund LLC     | Element Capital US Feeder Fund LLC     | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |   1613885 | OU      | $1613885.43   | 0.54%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Axon Partners, LP                      | Axon Partners, LP                      | CUSIP: 000000000<br>LEI: Q0I1D1LZT14X1H1YYA58 | Long             |  | PF                | US        |    711180 | OU      | $711180.21    | 0.24%             |  |  |  | Yes           | N/A                | On Loan: No      |
| One River Long Volatility SP           | One River Long Volatility SP           | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |   1205997 | OU      | $1205996.92   | 0.41%             |  |  |  | Yes           | N/A                | On Loan: No      |
| VR Global Onshore Fund, L.P.           | VR Global Onshore Fund, L.P.           | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |  11505961 | OU      | $11505961.15  | 3.88%             |  |  |  | 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        |  22028266 | OU      | $22028266.17  | 7.42%             |  |  |  | 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        |   6298541 | OU      | $6298541.15   | 2.12%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Torus Feeder 2 LP                      | Torus Feeder 2 LP                      | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |  18085607 | OU      | $18085607.16  | 6.10%             |  |  |  | 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        |   4985695 | OU      | $4985694.69   | 1.68%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Element Capital US Feeder Fund LLC     | Element Capital US Feeder Fund LLC     | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |  18290015 | OU      | $18290014.68  | 6.16%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Magnetar Capital Fund LP               | Magnetar Capital Fund LP               | CUSIP: 000000000<br>LEI: 22KSL2QRF8GBJUZ5KM18 | Long             |  | PF                | US        |    119428 | OU      | $119428.00    | 0.04%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Alyeska Fund LP                        | Alyeska Fund LP                        | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |  15559332 | OU      | $15559331.60  | 5.24%             |  |  |  | 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                | US        |   4417381 | OU      | $4417381.00   | 1.49%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Magnetar Capital Fund LP               | Magnetar Capital Fund LP               | CUSIP: 000000000<br>LEI: 22KSL2QRF8GBJUZ5KM18 | Long             |  | PF                | US        |      3940 | OU      | $3940.00      | 0.00%             |  |  |  | Yes           | N/A                | On Loan: No      |
| QVT Roiv Hldgs Onshore Ltd.            | QVT Roiv Hldgs Onshore Ltd.            | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |     25168 | OU      | $25168.25     | 0.01%             |  |  |  | Yes           | N/A                | On Loan: No      |
| QVT SLV Onshore Ltd.                   | QVT SLV Onshore Ltd.                   | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | PF                | US        |    326310 | OU      | $326309.73    | 0.11%             |  |  |  | Yes           | N/A                | On Loan: No      |

### Signature

**Date Signed:** 2023-01-30

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

**Signature:** Francis J Smith

**Name of Signer:** Francis J Smith

**Title:** Principal Financial Officer