Alternative Investment Partners

May 14, 2013 12:38 ET

AIP-Kingsmont Offshore Fund Generated 24.6%-Outperformed Major Indexes

TORONTO, ONTARIO--(Marketwired - May 14, 2013) - AIP-Kingsmont is pleased to announce its Offshore Fund generated net annual returns of 24.6% including a 7.0% dividend distribution to investors in 2012 as per the 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% for its investors in 2012 compared with 3.1% for the HFI Global Macro Index and 7.2% for the TSX Index respectively.

Annual Performance for 2012:

Dividend Distribution Total Return
All Hedge Funds n/a 6.4%
Macro Funds n/a 3.1%
Multi-Strategy n/a 7.0%
TSX Total Return Index 3.2% 7.2%
AIP-Kingsmont Hedge Fund 7.0% 24.6%
Figure 1. December 2012 Total Return for AIP-Kingsmont Offshore Fund versus Cumulative Median Performance by Strategy
Source: Hedge Fund Intelligence (HFI), Deutsche Bank and Bloomberg.

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.

About AIP-Kingsmont Offshore Fund

AIP-Kingsmont Offshore Fund is a privately held global macro, multi-strategy hedge fund focused on tactical asset allocation across global markets, asset classes and financial instruments with no orientation bias. The executive team has a long-term track record of successful investing and over 70 years of combined industry experience.

About Rothstein Kass

Rothstein Kass is a premier professional services firm with over 1,000 professionals that provides accounting, advisory, auditing and tax services, and was ranked as the top firm in the accounting/auditing category in the second annual "U.S. Service Providers Rankings" published by Hedge Funds Review.

The above is for informational purposes only and is not, and under no circumstances shall be construed as, an offering of the Fund mentioned herein or any other securities or as investment advice. Funds are not guaranteed, their values change frequently and past performance may not be repeated.

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