The listing committee of the Bermuda Stock Exchange has approved the listing of up to 10,900,000 non-voting redeemable preference shares of the FMG Cash Fund.

The listing was effective as of August under general marketing regulations.

The FMG Cash Fund was incorporated in Bermuda in March and commenced business in July. The Listing was for up to 10,900,000 non-voting redeemable preference shares of par value of $0.001 each, available either in euro or in US dollars.

The objectives of the fund is to provide above average risk adjusted returns above US money market rates while maintaining a highly liquid portfolio.

Apex Fund Services sponsored the listing of the ordinary shares of the FMG Cash Fund.

"The BSX is delighted to welcome the FMG Cash Fund Limited to listing," said James McKirdy, the BSX's chief compliance officer.