UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM N-PX
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number: 811-21767
Alternative Investment Partners Absolute Return Fund
(Exact name of registrant as specified in charter)
100 Front Street, Suite 400
West Conshohocken, PA 19428
(Address of principal executive offices) (Zip Code)
Stefanie V. Chang Yu, Esq.
Morgan Stanley Investment Management Inc.
522 Fifth Avenue
New York, New York 10036
(Name and address of agent for service)
Registrant’s telephone number, including area code: 610-260-7600
Date of fiscal year end: December 31
Date of reporting period: June 30, 2011
Item 1. Proxy Voting Record.
The registrant was entitled to vote at six shareholder’s meetings held during the period covered by this report:
| | (a) | The name of the issuer of the portfolio security: SPM Core Fund, LP |
| | (b) | The exchange ticker symbol of the portfolio security: Not applicable. |
| | (c) | The Council on Uniform Securities Identification Procedures (“CUSIP”) number for the portfolio security: Not applicable. |
| | (d) | The shareholder meeting date: 25 February 2011 |
| | (e) | A brief description of the matter voted on: Changes to the Limited Partnership Agreement which remove the capacity for investments to be placed in side-pocket accounts. |
| | (f) | Whether the matter was proposed by the issuer or by a security holder: The matter was proposed by the issuer. |
| | (g) | Whether the registrant cast its vote on the matter. A vote was cast. |
| | (h) | How the registrant cast its vote (e.g., for or against proposal, or abstain; for or withhold regarding election of directors): Registrant voted for the proposal. |
| | (i) | Whether the registrant cast its vote for or against management: Registrant cast its vote for management. |
| | (a) | The name of the issuer of the portfolio security: Lansdowne UK Equity Fund LP |
| | (b) | The exchange ticker symbol of the portfolio security: Not applicable. |
| | (c) | The Council on Uniform Securities Identification Procedures (“CUSIP”) number for the portfolio security: Not applicable. |
| | (d) | The shareholder meeting date: 28 March 2011 |
| | (e) | A brief description of the matter voted on: Amendments to the fund’s limited partnership agreement relating to a change in administrator, clarification of terms relating to the incentive fee, authorization of the general partner to close the fund to new investments if it so determines, and allowing for electronic delivery of notices. |
| | (f) | Whether the matter was proposed by the issuer or by a security holder: The matter was proposed by the issuer. |
| | (g) | Whether the registrant cast its vote on the matter. A vote was cast. |
| | (h) | How the registrant cast its vote (e.g., for or against proposal, or abstain; for or withhold regarding election of directors): Registrant voted for the proposal. |
| | (i) | Whether the registrant cast its vote for or against management: Registrant cast its vote for management. |
| | (a) | The name of the issuer of the portfolio security: D.E. Shaw Oculus Fund, LLC |
| | (b) | The exchange ticker symbol of the portfolio security: Not applicable. |
| | (c) | The Council on Uniform Securities Identification Procedures (“CUSIP”) number for the portfolio security: Not applicable. |
| | (d) | The shareholder meeting date: 28 April 2011 |
| | (e) | A brief description of the matter voted on: Amendments that would change terms of the Fund regarding fees and liquidity terms and liquidity election as well. |
| | (f) | Whether the matter was proposed by the issuer or by a security holder: The matter was proposed by the issuer. |
| | (g) | Whether the registrant cast its vote on the matter. A vote was cast. |
| | (h) | How the registrant cast its vote (e.g., for or against proposal, or abstain; for or withhold regarding election of directors): Registrant voted for the proposal. |
| | (i) | Whether the registrant cast its vote for or against management: Registrant cast its vote for management. |
| | (a) | The name of the issuer of the portfolio security: D.E. Shaw Composite Fund LLC |
| | (b) | The exchange ticker symbol of the portfolio security: Not applicable. |
| | (c) | The Council on Uniform Securities Identification Procedures (“CUSIP”) number for the portfolio security: Not applicable. |
| | (d) | The shareholder meeting date: 28 April 2011 |
| | (e) | A brief description of the matter voted on: Amendments that would change terms of the Fund regarding fees and liquidity terms and liquidity election as well. |
| | (f) | Whether the matter was proposed by the issuer or by a security holder: The matter was proposed by the issuer. |
| | (g) | Whether the registrant cast its vote on the matter. A vote was cast. |
| | (h) | How the registrant cast its vote (e.g., for or against proposal, or abstain; for or withhold regarding election of directors): Registrant voted for the proposal. |
| | (i) | Whether the registrant cast its vote for or against management: Registrant cast its vote for management. |
| | (a) | The name of the issuer of the portfolio security: Polygon Recovery Fund LP |
| | (b) | The exchange ticker symbol of the portfolio security: Not applicable. |
| | (c) | The Council on Uniform Securities Identification Procedures (“CUSIP”) number for the portfolio security: Not applicable. |
| | (d) | The shareholder meeting date: 28 April 2011 |
| | (e) | A brief description of the matter voted on: Amendments to Limited Partnership Agreement to purchase additional assets. |
| | (f) | Whether the matter was proposed by the issuer or by a security holder: The matter was proposed by the issuer. |
| | (g) | Whether the registrant cast its vote on the matter. A vote was cast. |
| | (h) | How the registrant cast its vote (e.g., for or against proposal, or abstain; for or withhold regarding election of directors): Registrant voted for the proposal. |
| | (i) | Whether the registrant cast its vote for or against management: Registrant cast its vote for management. |
| | (a) | The name of the issuer of the portfolio security: Polygon Recovery Fund LP |
| | (b) | The exchange ticker symbol of the portfolio security: Not applicable. |
| | (c) | The Council on Uniform Securities Identification Procedures (“CUSIP”) number for the portfolio security: Not applicable. |
| | (d) | The shareholder meeting date: 30 June 2011 |
| | (e) | A brief description of the matter voted on: Amendments to Limited Partnership Agreement to allow them to employ limited hedging strategies for large-macro driven risks. |
| | (f) | Whether the matter was proposed by the issuer or by a security holder: The matter was proposed by the issuer. |
| | (g) | Whether the registrant cast its vote on the matter. A vote was cast. |
| | (h) | How the registrant cast its vote (e.g., for or against proposal, or abstain; for or withhold regarding election of directors): Registrant voted for the proposal. |
| | (i) | Whether the registrant cast its vote for or against management: Registrant cast its vote for management. |
Pursuant to the requirements of the Investment Company Act of 1940, the registrant had duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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| ALTERNATIVE INVESTMENT PARTNERS ABSOLUTE RETURN FUND |
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| By: | | /s/ Jacques Chappuis | | | | |
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| | Name: Jacques Chappuis | | | | |
| | Title: Principal Executive Officer | | |
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| Date: | | August 29, 2011 | | | | |
