Making waves

With returns of 88.74% since inception, IAM's Alternative Investment Strategies fund of hedge funds is keeping its investors happy

Since its inception in December 1996, the Alternative Investment Strategies fund of hedge funds from International Asset Management (IAM) has returned investors 88.74%.

This equates to the fund, listed on the London Stock Exchange since 1996, producing an annualised rate of net asset value (NAV) returns of 10.27% to the end of May, according to figures from IAM, on annualised volatility of 8.8%.

The fund was initially listed in London to make it easier for two insurance firms that had helped seed

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