The following legal and informational disclosures are intended to be read and understood in association with all materials available at this website (the “Website”). All use of the Website is subject to the Terms and Conditions, which should be reviewed in tandem with these disclosures by all parties accessing the Website. While not exhaustive in nature, the disclosures provide important information about Aptitude Investment Management LP (“AIM”) and its services and philosophy. All materials on this Website are meant to be reviewed in their entirety, including any footnotes, legal disclaimers, restrictions, and disclosures, as well as any copyright or proprietary notices.


The information set forth on this Website is based on matters as they exist as of the date of publication. It represents a summary only, is not complete, and does not include all material information about AIM or its investment advisory services, including potential conflicts of interest and risks associated with investing with AIM. The information is provided for illustration only and should not form the basis of any investment decision. AIM makes no warranty of accuracy or completeness of the information and disclaims liability for any losses or damages relating to the adequacy, accuracy, or completeness of any information on this Website or the use of such information. Further, AIM makes no representations that the contents of this Website are appropriate for use in all locations, or that the transactions, securities, products, instruments, or services discussed herein are available or appropriate for sale or use in all jurisdictions or countries, or by all investors or counterparties. 


AIM is registered as an investment adviser with the U.S. Securities and Exchange Commission pursuant to the Investment Advisers Act of 1940, as amended, and as a portfolio manager, investment fund manager, and exempt market dealer in each of British Columbia and Ontario, Canada. No regulatory authority has passed upon or endorsed the contents of this Website or the merits of entering into an investment advisory relationship with AIM. Regulatory registration does not imply a certain level of training or expertise. 

No Recommendation  

The contents of this Website were prepared with no regard to specific investment objectives, financial situation, or the particular needs of any specific person or institution, nor does AIM make any representation that the investments or any strategies described on this Website are suitable or appropriate for any particular investor or recipient of the information. Nothing on this Website is intended as an offer to buy or sell, a recommendation to buy or sell, or a solicitation of an offer to buy or sell any securities or commodities or to participate in any trading strategy. Any such offer or solicitation will be made only by means of delivery of a confidential private offering memorandum or investment management contract and related documents (“Transaction Documents”) to qualified investors in those jurisdictions where permitted by law and will be subject to the terms and conditions contained therein. The Transaction Documents will contain additional information about the terms of any such arrangement and may contain important risk disclosures. This document is qualified in its entirety by the Transaction Documents and AIM’s Form ADV, which should be read completely before a prospective investor or client considers making any investment decisions regarding an investment management relationship with AIM. Nothing on this Website is intended to provide, nor should it be relied on for, investment, tax, legal, accounting, or financial advice. AIM’s investment advisory services are provided only to a limited number of institutions and private investment vehicles; AIM does not make its services available to the public. 

Forward-Looking Statements

Certain information contained on this Website may constitute “forward-looking statements”, which can be identified by the use of forward-looking terminology such as “may”, “will”, “should”, “expect”, “anticipate”, “target”, “project”, “estimate”, “intend”, “continue” or “believe” or the negatives thereof or other variations or comparable terminology. While these forward-looking statements may represent AIM’s judgment and future expectations, a number of risks, uncertainties, and other important factors could cause actual developments and results to differ materially from such expectations. Accordingly, no undue reliance should be placed on these statements. AIM is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise. 

Investment Risks

An investment in any fund or account managed by AIM is speculative and entails substantial risks, including illiquidity and significant restrictions on transferability. Investors could lose all or a substantial amount of their investments. The AIM strategy will not be suitable for all investors. Any person entering into an investment management relationship with AIM must be sophisticated and able to bear the risks involved. Unless otherwise agreed in writing, AIM is not acting and does not purport to act in any way as an advisor or in a fiduciary capacity vis-à-vis any investor in any fund or account managed by AIM. Therefore, it is strongly suggested that any prospective investor obtain independent advice in relation to any investment, financial, legal, tax, accounting, or regulatory issues discussed herein.

Firm History and Name Change  

AIM was formerly known as Federal Way Asset Management LP, a firm that commenced operations on July 1, 2012 as the culmination of the spin-out of the Weyerhaeuser Company internal asset management team (“WAM”). AIM assumed WAM’s investment advisory duties and responsibilities in July 2012. AIM is a legally independent entity and does not serve as a legal successor to WAM. AIM changed its name to Aptitude Investment Management LP in 2017, but remains the same entity in terms of legal structure, employees, mandates, operations, and in all other material respects as Federal Way Asset Management LP. Accordingly, all information pertaining to AIM generally applies equally to Federal Way Asset Management LP, and certain references on this Website, such as references to awards, Form ADV, and other historical events, took place or can be found under the name of Federal Way Asset Management LP.

Performance References  

The past performance of any investment, investment strategy, or investment style of any manager or fund advised by any investment manager is not indicative of future performance. No representation is being made by AIM that any investment will or is likely to achieve profits or losses similar to those achieved in the past, or that significant losses will be avoided. 

Opinions, Investment Beliefs, and Forecasts  

Any opinions or forecasts on this Website are offered in good faith, are speculative, and are subject to change without notice. Investment beliefs, strategies, governance, objectives, and needs may vary tremendously by client, and recommendations are generally intended to be tailored to each client on the basis of its stated goals, risk tolerance, legal and regulatory restrictions, time horizon, aggregate exposures, anticipated cash movements, and other factors. This Website does not contain an exhaustive list of investment strategies, nor will all investments within a given strategy necessarily exhibit the trends, characteristics, or observations identified in this Website. Further, the information contained herein is not intended to replicate the specific investment beliefs, strategies, or policy guidelines adopted by any current AIM client or prospective client. Website information does not purport to incorporate potentially relevant information related to regulatory requirements, statutory limitations, or client needs, each of which would need to be evaluated prior to entering into an investment advisory agreement with AIM. Certain investment beliefs referenced on this Website encompass significant assumptions, and all such assumptions involve significant elements of subjective judgment and analysis. Any opinions included herein constitute a judgment as of the date of publication and are subject to change without notice, and AIM undertakes no obligation to update or correct any such information. 

Award References  

Third-party rankings, awards, and recognition do not guarantee future investment success. Under no circumstances should such awards be construed as an endorsement of AIM or a testimonial by any client, nor are they representative of any one client’s evaluation. Generally, ratings, rankings, and awards are based on information prepared and submitted by the applicable investment adviser. The HFM US Hedge Fund Performance Awards in 2015 were open to U.S. and Canadian-based managers who met certain minimum criteria pertaining to assets under management, strategy, and track record. Upon fulfilling the minimum requirements, managers were judged by a panel of representatives from HFM, leading institutional and private investors, and industry experts. Judging determinations were reportedly based on performance, qualitative information, and structural criteria. While there was no fee to be considered for the award, AIM sponsored a half table for a standard fee to attend the awards ceremony. AIM’s Levered Hedge Fund Composite, the composite that was named the winner of the Fund of Hedge Funds Overall category in 2015 out of 98 entries, reflects the performance of hedge fund investments, whether direct or indirect through total return swap, directed by AIM (or previously by AIM’s management team during their tenure at WAM) on behalf of active client portfolios that utilized leverage during the applicable reporting period.  The composite is not an investible or stand-alone investment fund, product, client, or account.


To the extent that this Website includes any videos, the views expressed in such videos represent unscripted personal opinions and commentary, and may not be applicable or relevant to all circumstances or services referenced herein. No individual portrayed within a Website video is providing personalized advice, and nothing in such videos should be construed as a guarantee, a testimonial, or a promise of future performance or returns by AIM. There may be circumstances in which AIM takes a view contrary to those expressed in such videos or where actual practice deviates from those described in such videos.   

Policy Descriptions 

All descriptions of internal policies, processes, and key principles included on this Website are in condensed summary form. Though we have attempted to capture points we believe to be salient, no representation is made that such summaries reflect all details that may be material to prospective clients in evaluating AIM’s investment, operational, and compliance infrastructure, practices, and policies. In certain circumstances, actual practice may require or warrant variations or exceptions in the application of policies and procedures. Moreover, such policies and procedures are subject to continuous evaluation and refinement and may change materially over time.    

Local Legal Restrictions

Not all securities, products, or services described are available in all countries or jurisdictions. This Website is not directed to any person in any jurisdiction where (by reason of that person’s nationality, residence, location of access, or otherwise) the publication or availability of the Website is prohibited. Access to this Website from certain countries may be restricted by law, and those who access this Website do so at their own initiative and are responsible for compliance with any laws or regulations applicable to them. The information provided on this Website is not intended for distribution to, or use by, any person or entity in any jurisdiction or country that would subject AIM to any registration requirement within such jurisdiction or country. Prospective clients should be highly sophisticated accredited investors or qualified purchasers. AIM does not offer services to retail investors.

Unregistered Securities  

AIMs investment management services are generally provided through separately managed accounts. To the extent that AIM issues or manages any securities, such securities have not been registered under the U.S. Securities Act of 1933, and have not been registered with, or approved by, the U.S. Securities and Exchange Commission, any state or provincial securities administrator, or any other regulatory authority. The securities issued by AIM therefore cannot be sold, transferred, or pledged. There is no public or other market for these securities, and no such market is expected to develop. Neither the U.S. Securities and Exchange Commission nor the securities regulatory authority or commission of any state of the United States has passed upon the value of AIM securities, made any recommendations as to their purchase, approved or disapproved any AIM offering, or passed upon the adequacy or accuracy of any information contained on this Website or in the offering materials for any AIM security. Any contrary representation is a criminal offense. U.S. institutional investors must be “accredited investors” as such term is defined under the U.S. Securities Act of 1933 and/or “qualified purchasers” as defined under the U.S. Investment Company Act of 1940. Canadian institutions will be required to represent that they are “accredited investors” as such term is defined under the Canadian National Instrument 45-106 – Prospectus and Registration Exemptions. Before acquiring the shares of any investment fund by purchase or exchange, it is your responsibility to read the applicable fund’s prospectus, confidential offering memorandum, and related offering materials and to demonstrate that you meet all criteria to be eligible for such investment.

Disclaimer of Endorsement  

References on this Website to any specific name, mark, product, service, manager, service provider, vendor, market, index, financial procedure, process, resources, or commercial services do not constitute nor imply its endorsement, recommendation, or favor by AIM. Although the information and data provided to you on this Website is obtained or compiled from sources believed to be reliable, AIM cannot and does not guarantee the accuracy, validity, timeliness or completeness of any information, data, or opinions made available to you for any particular purpose. 

Links to Third Party Websites  

AIM may establish links between this Website and one or more websites operated by third parties, which are provided solely for the convenience of users of this Website. AIM has no control over any other such websites, the contents therein, nor the products or services offered. AIM does not endorse any such linked websites, and any descriptions of, references to, or links to other products, publications, or services does not constitute an authorization, approval, investigation, verification, monitoring, sponsorship by, or affiliation with AIM with respect to any linked website or its sponsor. Your access to and usage of such linked websites is governed by the terms of use and privacy policies of those websites and shall be at your own risk. AIM makes no representations whatsoever about the opinions of any third party appearing on a linked site, neither regularly monitors nor has control over the contents of such sites, and does not endorse, and disclaims all responsibility for, the content of such statements or websites. 

Trademarks, Copyrights, and Other Intellectual Property  

The content contained on this Website is owned or licensed by AIM and is protected by applicable copyrights, trademarks, service marks, and/or other intellectual property rights. Such content is solely for your personal, non-commercial use. Modification or use of the materials for any other purpose violates AIM’s intellectual property rights. Aptitude Investment Management LP, Aptitude, and the AIM logo are registered and unregistered trademarks and/or service marks of AIM and may not be used without the express written consent of AIM. 


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Aptitude Terms and Conditions