The Tribune

The Bahamas International Securities Exchange (BISX) has listed a further ten investment funds, including some with sub-funds, after they fulfilled all its regulatory requirements.

The newly-listed investment funds are:

• 21st Luxury Luxtech Fund Ltd Class A sub-fund

• 21st Luxury Luxtech Fund Ltd Class B sub-fund

• AT Series Fund Ltd, SAC (segregated accounts company) Galactica Global sub-fund

• AT Series Fund Ltd, SAC Edelweiss Global sub-fund

• AT Series Fund Ltd, SAC Samaritan 314 sub-fund

• B Capital UK Commercial Property Fund

• Bayalag Fund, SAC Balanced Portfolio sub-fund

• Bayalag Fund, SAC Credit Opportunities sub-fund

• Bayalag Fund, SAC Equity Opportunities sub-fund

• Capital Quant Fund

• Clarion Fund, SAC

• Drexler Capital Fund

• Income Global Fund

• Kylix Fund

• Lapidibus Fund

The shares in all these funds have now been added to those listed on BISX’s Mutual Funds tier. All of the newly-listed funds are open-ended mutual funds, with subscriptions and redemptions carried out by their administrator.

The funds are all incorporated as Bahamian International Business Companies (IBCs), and are licensed under the Investment Funds Act 2003. The Winterbotham Trust Company served as the BISX sponsor member that brought the funds to the exchange. UCAP Bahamas is the investment manager, and The Winterbotham Trust Company is their administrator.

Ivan Hooper, The Winterbotham Trust Company’s chief executive, said: “We are pleased to continue our effort of listing funds on BISX - this time by sponsoring the listing of ten licensed funds with diverse investment objectives.

“Working together with UCAP Bahamas, investment manager for these funds, we hope to be able to sponsor further funds in the future. As the largest fund administrator by number of funds in The Bahamas, listing has become a key component of our offering. Listing with BISX is a key enhancer to this offering and our ability to attract funds to The Bahamas.”

Keith Davies, BISX’s chief executive, said: “This is a major step forward for our mutual fund listing facility, and it demonstrates the ability of the exchange to handle a high volume of listing applications at one time.

“BISX worked with the administrator, The Winterbotham Trust Company, to ensure that the application and listing process was executed in a smooth and efficient manner. We wish to thank Winterbotham for their support in this entire listing process, and of the exchange in general.”