The NIC Fund Annual Management Report is now available here.

Between the February 24th 2012 and the August 31st 2012 our fund was able to provide a HPR of 8,69%, which would represent an annualized return of 17%, were we to keep up with the same growth rate verified at that moment. Since this return was obtained as result of an annualized volatility of 14,85%, the Sharpe ratio of the Fund was 1,15.

 

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