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Keeping volatility low at NIB International

The portfolio holds 60% in target return funds and has exposure to long-only funds

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

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