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
Treasury Islands Treasury Islands Treasury Islands () are a small group of islands a few kilometers to the south of Bougainville and from the Shortland Islands. They form part of the Western Province of the Solomon Islands. The two largest islands in the Treasuries are Mono Island and the smaller Stirling Island. The deep water strait between these two islands is called Blanche Harbor. These islands were first discovered in 1788 by British Royal Navy officer Lieutenant John Shortland. In 1886, the islands were included in German New Guinea save for Mono Island, which the Britain claimed as its naval coaling base.