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We study the UV properties of the three-dimensional ${\cal N}=4$ SUSYnonlinear sigma model whose target space is $T^*(CP^{N-1})$ (the cotangentbundle of $CP^{N-1}$) to higher orders in the 1/N expansion. We calculate the$\beta$-function to next-to-leading order and verify that it has no quantumcorrections at leading and next-to-leading orders.Comment: 10 pages, 2 figures. references adde

CANCELLATION OF UV DIVERGENCES IN THE ${\mathcal N} = 4$ SUSY NONLINEAR SIGMA MODEL IN THREE DIMENSIONS