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
Salt Island, British Virgin Islands Salt Island, British Virgin Islands Salt Island is one of the islands of the archipelago of the British Virgin Islands located about 4.7 miles south east (151 degrees true) of Road Town, the main town on Tortola. It is named after its salt ponds, which were once an important resource. Salt Island is most notable for the wreck of the Royal Mail packet steamer, RMS "Rhone" which sank in a hurricane on 29 October 1867 after she was driven back on Salt Island while attempting to head to safety at sea. Most of the ship's crew were lost. Many of