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
Slate Islands Slate Islands The Slate Islands are an island group in the Inner Hebrides, lying immediately off the west coast of Scotland, north of Jura and southwest of Oban. The main islands are Seil, Easdale, Luing, Lunga, Shuna, Torsa and Belnahua. Scarba and Kerrera which lie nearby, are not usually included. The underlying geology of the islands is Dalradian slate, which was quarried widely until the mid-twentieth century. Quarry working began in 1630 and at the turn of the 20th century, the quarries were yielding some eight million slates every year. Eilean-a-beithich ("island of the birches") was once one of the