BNP, NIB and Morley alter funds' line-up

BNP Paribas and NIB International are making changes to their hedge fund ranges, while Morley plans to launch a fund of hedge funds later this year.

BNP Paribas is to introduce two new hedge funds and NIB is adding a sterling share class to its Target Return Fund, previously available only in a dollar class.

BNP's funds will be based on strategies developed by CooperNeff, a US-based subsidiary of BNP, which uses computer models to generate trading ideas. The funds will focus on arbitrage strate