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
Somers, Victoria creek. As of June 2016, the sand groyne is still in place, and as such the surrounding beaches have benefitted with the buildup of sand. Somers has an interesting history revolving around its Main Beach. Erosion of the beaches around Somers, particularly around the Yacht Club has been a major concern for foreshore communities and residents of Parklands Avenue and The Promenade over the last few decades. Several decades ago, Somers Yacht Club was situated next to the beach with a depression (where once the Merricks Creek flowed separating it from the sands of the beach of Westernport Bay. Yachts