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
Necker Island (British Virgin Islands) Island and also Mosquito Island (sometimes spelled Moskito Island), which is also owned by Branson. The British Virgin Islands (BVI) are a group of islands about south-east of Miami, Florida, due east of San Juan, Puerto Rico, and about north-west of St. Barts. The island was named after the 17th-century Dutch squadron commander Johannes de Neckere, although it remained uninhabited until the late 20th century. In 1965, the photographer Don McCullin and journalist Andrew Alexander, spent 15 days on the island at the behest of "The Daily Telegraph" newspaper for which they worked. The magazine editor had hoped that they