0001193125-13-083086 Sample Contracts

SUB-ADVISORY AGREEMENT
Sub-Advisory Agreement • February 28th, 2013 • Alternative Investment Partners Absolute Return Fund • New York

AGREEMENT made as of the 5th day of December, 2012, by and between MORGAN STANLEY AIP GP LP, a limited partnership formed under the laws of the State of Delaware (hereinafter referred to as the “Adviser”), and MORGAN STANLEY INVESTMENT MANAGEMENT LIMITED, a company incorporated under the laws of England (hereinafter referred to the “Local Manager”).

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