Somers Limited securitising mortgage assets. Its shares are listed on the Australian Stock Exchange and Somers owns approximately 62% of Homeloans with the balance owned by institutional and retail investors. Bermuda Commercial Bank Limited is one of Bermuda’s four licensed banks and remains one of Somers’ largest investments. It accounts for 25.8% of the portfolio at March, 2018. Waverton Investment Management Limited is a London-based specialist investment manager with £5.3 billion AUM which accounts for 23.1% of Somers’ portfolio (2016: 23.4%). Somers has a 62.5% holding in Waverton Investment Management Limited. PCF Group (formerly Private and Commercial Finance Group) is a long
Dave Somers from 1979 to 1997. Somers was elected to the Snohomish County Council from district 5 in 1997, defeating incumbent Democrat R.C. "Swede" Johnson in the primary election and facing a Republican write-in candidate in the general election. Somers was elected on a platform of making real estate developers accountable for strains on infrastructure created by new housing in the county, including roads and schools. Somers was defeated in 2001 by Republican Jeff Sax, whose campaign called Somers a "committed socialist" before retracting the statement. Sax favored local control of land use, opposing the state's Growth Management Act and federal policies.