The Tribune

Sebas Bastian’s investment house opened its Grand Bahama office on Monday in a bid to give residents better access to investing in its two Titan mutual funds.

Ansel Watson, Investar Securities’ president and chief executive, who attended the opening, said: “The Titan Funds are a unique opportunity for Bahamians to grow their wealth by investing in proven successful businesses and private or government bonds and securities.

“Residents of Grand Bahama seem eager to invest. We’ve been very pleased with the steady stream of persons coming through, and with the investment levels which we saw in the first few days since opening on Monday.”

First through the door at Investar’s East Sunrise Plaza was Hiram Pinder, who said: “I wanted to invest in Island Luck a long time ago and I couldn’t wait for them to come to Freeport.”

The Titan Balanced Fund, one of two funds launched by Investar, is the first entity to invest in Mr Bastian’s Island Luck gaming and entertainment enterprise.

Investar Securities, sponsor of the Titan funds, said it was making good on its promise to introduce all Bahamians to the capital and securities market, providing “economic democracy” for all, following the June 3 launch.

“My vision is that all Bahamians will be provided with access to wealth and given the opportunity to create better futures. With the launch of these funds, we’ve demonstrated that commitment”, said Mr Bastian, Investar’s major shareholder and a director.

Investar Securities’ offices in Nassau and Freeport will be accepting subscriptions to invest in the Titan funds through to the initial closing date of July 3. Interested persons are asked to bring to bring passports and an additional photo ID, either an NIB card or driver’s license, and a recent utility bill.

Investar added that it will continue to make the funds available throughout the Family Islands. From June 21 to July, its executives will be travelling through the Family Islands to collect subscription information from interested persons.

Islands included in the trip are Exuma, Abaco, Long Island and Eleuthera. Persons may also subscribe in New Providence to the funds at Cash ‘n Go on Carmichael Road or on Rosetta Street. The funds are being managed by Leno Corporate Services.