TORONTO, July 5, 2012 /CNW/ - Alternative Investment Partners Inc.,
AIP-Kingsmont Fund I GP, LLC and Kingsmont Investment Management Inc.
(together, "AIP-Kingsmont") has been awarded a new mandate and became the new General Partner and
Portfolio Manager for a hedge fund (the "Fund").
The Fund was previously managed by Pearl and McKinney L.P. and its
principal Charles Tate, a well known portfolio manager and founder of
Hicks, Muse, Tate & Furst which was involved in more than 400
transactions with a total capital value of approximately $50 billion.
Alternative Investment Partners Inc. was instrumental in putting this
transaction together and an agreement was signed in June 2012. A new
executive team composed of Paget Warner, Alex Kanayev and Jay Bala will
assume responsibility for management of the Fund's portfolio.
SOURCE AIP Hedge Funds
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