New GNI fund has 14% return target

GNI has launched its latest capital guaranteed hedge fund product. The GNI Global Strategies III Fund invests in four underlying managers and will target returns of 14% pa.

The guarantee is provided by JP Morgan Chase Bank. The fund is structured as a seven-year closed-ended fund and has a minimum subscription of US$50,000. The offer period on the fund is available until 12 April 2002.

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