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
Phoenix Islands group is uninhabited except for a few families on Kanton. The United States unincorporated territories of Baker Island and Howland Island are often considered northerly outliers of the group, in the geographical sense. Howland and Baker are statistically grouped with the United States Minor Outlying Islands, however. The United States previously claimed all the Phoenix Islands under the Guano Islands Act. The Treaty of Tarawa released all US claims to the Phoenix Islands, excluding Baker and Howland. At various times, the islands were considered part of the Gilbert group (once also known as "Kingsmill"). The name "Phoenix" for this group