White Plains, NY (PRWEB via PR Web Direct) May 9, 2005 — Alternative Investment Partners, LLC (AIP) is pleased to announce a number of significant milestones for its Alpha Hedged Strategies Fund (Ticker: ALPHX). The Alpha Hedged Strategies Fund is an innovative, open-end mutual fund designed to minimize equity market exposure and volatility by employing a variety of absolute return strategies. The Fund represents the next generation of product for hedged alternative strategies investing, and is open to all investors. (more…)