BSX approves listing of BIAS funds

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  • New listing: Mark Melvin COO of Bermuda Investment Advisory Services (BIAS) shakes hands with Bermuda Stock Exchange president and CEO Greg Wojciechowski in the BSX offices during a press conference that announced that BSX had approved the listing of BIAS Global Portfolios, SPC, today. (Photo by Glenn Tucker)

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, Bermuda’s capital markets and the Bermuda Stock Exchange.

“We have participated in the BSX’s securities depository since its inception and we look forward to deepening our relationship with the Bermuda Stock Exchange in the years to come.”

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