BSX approves listing of BIAS funds
The Bermuda Stock Exchange has approved the listing of the BIAS Global Portfolios.
BIAS Global Portfolios (the Fund) was incorporated in the Cayman Islands as an open-ended mutual fund company and four classes of the family of funds. They are the US$ Segregated Portfolios of the BIAS Global Equities Fund; the BIAS Global Balanced Fund; the BIAS Global Dividend Income Fund; and the BIAS Short Duration Income Fund.
The Fund is offered and managed by Bermuda Investment Advisory Services (BIAS).
Its purpose is to provide investors with the opportunity to invest in one or more professionally managed portfolios in order to achieve an optimum return from the capital invested, a statement said today. For this purpose, the Fund offers several classes of shares, each of which has a distinct investment objective.
Appleby Securities sponsored the listing.
Greg Wojciechowski, president and CEO of the BSX stated: On behalf of the BSX, I would like to congratulate BIAS on the approval of its Fund's BSX listing and am delighted to welcome another Bermuda investment company's family of funds to the BSX. Despite the economic challenges we currently face, the BIAS funds are an excellent example of the vibrancy and depth of the Bermuda investment advisory industry and they are in good company, joining over 300 prestigious fund structures which have chosen the BSX as their listing venue. The BSX is the leading offshore fully electronic stock exchange platform and we are proud to be able to offer our clients a full range of listing, trading, clearing and settlement and depository support. We look forward to working with BIAS and wish them continued success.
Mr. Mark Melvin, COO and director of BIAS, said: We are extremely pleased to have brought the four classes of the BIAS Global Portfolios, SPC to list on the Bermuda Stock Exchange. The support and assistance of the BSX Officers ensured that this was a very smooth exercise. All of the four classes of BIAS funds have been listed on the Cayman Islands Stock Exchange since inception and the intention has always been to list the funds on the BSX thereafter to show our support for Bermuda, Bermudas capital markets and the Bermuda Stock Exchange.
We have participated in the BSXs securities depository since its inception and we look forward to deepening our relationship with the Bermuda Stock Exchange in the years to come.
Dunkley wants clarity over New York trip
Bermuda granted whitelist status
Commissiong demands apology from Gazette
Princess casino could create 100 jobs
Fronting losses estimated at $40m
Mail move to cost $360,000 per year
Dealing with Bermuda’s high cost of living
Burt attends Black Caucus Conference
Bermuda has 23 per cent living in ‘poverty’
Cashless gaming concerns
Local chef strikes gold
Island Trading undergoes ‘switch-over’
Upbeat troops weather Maria in Grand Turk
Message in a bottle
Parasite to blame for fish deaths
Take Our Poll
- What will be the best way to create needed new jobs?
- Attract more international companies
- Grow the population
- Reduce the number of non-Bermudian workers
- Develop new business sectors other than international business and tourism
- Retrain the workforce
- Total Votes: 5529
- Poll Archive