Keeping volatility low at NIB International

The NIB International Target Return fund is a fund of hedge funds employing a range of strategies, asset managers and investment houses to keep volatility down. Launched on 31 July 2000, the fund has made returns of 9.12% since inception and 0.14% in May this year, according to the group.

The aim of the fund is to reach target returns of between 3% and 5% above the US cash rate, with annualised volatility below 5%.

The fund is diversified across three fund strategies, all of which employ low amoun