-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 Aw6tq4lg+B9K2V5kOJnaGKuuwM37B66O3OhwLZcxWh9RTWTLNFY9a7+0MK55YJra
 JP7nJEBY3iPy9fjiiUdBCw==

<SEC-DOCUMENT>0000919574-11-001838.txt : 20110301
<SEC-HEADER>0000919574-11-001838.hdr.sgml : 20110301
<ACCEPTANCE-DATETIME>20110228173551
ACCESSION NUMBER:		0000919574-11-001838
CONFORMED SUBMISSION TYPE:	D/A
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20110301
DATE AS OF CHANGE:		20110228
EFFECTIVENESS DATE:		20110301

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GLOBAL STRATEGIES ABSOLUTE RETURN INSURANCE FUND L P
		CENTRAL INDEX KEY:			0001263656
		IRS NUMBER:				113678119
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-58584
		FILM NUMBER:		11647865

	BUSINESS ADDRESS:	
		STREET 1:		1100 PEACHTREE STREET NE
		STREET 2:		SUITE 1480
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30309
		BUSINESS PHONE:		404-233-4429

	MAIL ADDRESS:	
		STREET 1:		1100 PEACHTREE STREET NE
		STREET 2:		SUITE 1480
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30309
</SEC-HEADER>
<DOCUMENT>
<TYPE>D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0704</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001263656</cik>
        <entityName>GLOBAL STRATEGIES ABSOLUTE RETURN INSURANCE FUND L P</entityName>
        <issuerAddress>
            <street1>c/o Global Strategies Management, LLC</street1>
            <street2>1100 Peachtree Street, NE, Suite 1480</street2>
            <city>Atlanta</city>
            <stateOrCountry>GA</stateOrCountry>
            <stateOrCountryDescription>GEORGIA</stateOrCountryDescription>
            <zipCode>30309</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>404-233-4429</issuerPhoneNumber>
        <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Limited Partnership</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Christopher</firstName>
                <middleName>W.</middleName>
                <lastName>Knight</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Global Strategies Management, LLC</street1>
                <street2>11111 Santa Monica Boulevard, Suite 1800</street2>
                <city>Los Angeles</city>
                <stateOrCountry>CA</stateOrCountry>
                <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                <zipCode>90025</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Christopher W. Knight is the Managing Member of Voyager Management, LLC, the Managing Member of Global Strategies Management, LLC, the General Partner of the Issuer.</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Lyle</firstName>
                <middleName>S.</middleName>
                <lastName>Poncher</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>c/o Global Strategies Management, LLC</street1>
                <street2>11111 Santa Monica Boulevard, Suite 1800</street2>
                <city>Los Angeles</city>
                <stateOrCountry>CA</stateOrCountry>
                <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                <zipCode>90025</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Lyle S. Poncher is the Managing Member of Voyager Management, LLC, the Managing Member of Global Strategies Management, LLC, the General Partner of the Issuer.</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Hedge Fund</investmentFundType>
                <is40Act>false</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <aggregateNetAssetValueRange>Decline to Disclose</aggregateNetAssetValueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>0001263656-10-000001</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2010-01-01</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>1000000</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>916954</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>1</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
                <isEstimate>true</isEstimate>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
                <isEstimate>true</isEstimate>
            </findersFees>
            <clarificationOfResponse>The Investment Manager is able to enter into an agreement similar to sales compensation equal to a percentage of the fee paid to the General Partner from the assets under management.</clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
                <isEstimate>true</isEstimate>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>GLOBAL STRATEGIES ABSOLUTE RETURN INSURANCE FUND L P</issuerName>
                <signatureName>/s/ Christopher Knight</signatureName>
                <nameOfSigner>Christopher Knight</nameOfSigner>
                <signatureTitle>Authorized Person</signatureTitle>
                <signatureDate>2011-02-28</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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