Toronto, Ontario–(Newsfile Corp. – October 13, 2020) – AIP Asset Management Inc. (“AIP”) is pleased to announce that for the second year in a row, the AIP Convertible Private Debt Fund LP (“Fund”) has been shortlisted in six categories of the 2020 HFM US Hedge Fund Performance Awards.
The categories are:
- Macro Under $1Billion,
- Macro Long-Term Performance (5 years),
- Credit Under $1Billion,
- Credit Long-Term Performance (5 years) Under $1Billion,
- Event Driven Under $1Billion and
- Multi-Strategy Long-Term Performance (5-years).
The HFM US Hedge Fund Performance Awards are prestigious awards within the US Hedge Fund industry, with many well-established funds vying for its recognition. A panel of judges comprised of well-regarded institutional and private investors and specialist investment consultants create a shortlist of the top contenders among these funds, then selects the winners among these top contenders. These judges have selected AIP from Canada to be on this prestigious shortlist of top contenders, such as Citadel, Orchard, Aequim, Barnegat and many other well-known funds.
Jay Bala, co-founder and President of AIP, commented: “It is reassuring to know that we are recognized for providing value to our clients, be they institutional or retail investors. Not only has our Fund continued to provide returns in this global low-yield environment, but we believe it continues to provide diversification benefits within portfolios as it is structured to have a low-correlation to traditional asset classes. Our Fund has provided an average return of 37.28% per year since its inception in 2013. Even in 2020, where the economy has been impacted by the COVID-19 pandemic, the Fund has generated positive results in each month and YTD is up 9.76%.”
Alex Kanayev, co-founder and Chairman of AIP, further added: “We founded AIP with a strong belief in its innovative investment approach, product structuring and team building. We continue to be pleased that AIP has won several awards in previous years and that it continues to gain recognition in the US having been shortlisted again in the HFM US Hedge Fund Performance Awards. This is an honour for us and confirmation our innovative investment approach works well regardless of the market direction.”
AIP won all three awards (best 1, 3, and 5 Year Return) in the Private Debt Category at the 2019 Canadian Hedge Fund Awards, the Best Macro Hedge Fund in Canada Award at the 2017 Hedgeweek Global Awards, and has won other awards and nominations such as the Ernst & Young Entrepreneur of the Year.
For further information, visit https://aipconvertibleprivatedebtfund.com/ or contact:
AIP Asset Management Inc.
Karim Mecklai, Director, Communications and Marketing
Disclaimer: Commissions, trailing commissions, management fees, and expenses all may be associated with investments in investment funds. Please read the Offering Memorandum (OM) before investing. The indicated rates of return are the historical annual compounded total returns including changes in share value and reinvestment of all dividends and do not take into account sales, redemption, distribution, or optional charges or income taxes payable by any security holder that would have reduced returns. Investment funds are not guaranteed, their values change frequently, and past performance may not be repeated. For accredited investors only. Relationship Disclosure: Ninepoint Partners LP acts as an exempt market dealer and distributes Class A, Class F, and certain subseries of Class I Units of the AIP Convertible Private Debt Fund LP.