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 from any beach in Somers in most weather conditions. There are two large sandbars between Somers and Phillip Island, and between them is a deep shipping channel. At low tide both sandbars are often visible. To the north, inland, lies extensively cleared lands used for agriculture. Further north lie the suburbs of Bittern and Hastings which host many commercial services used by Somers residents. To the east is the suburb and military base, HMAS Cerberus. Its compound bordering Somers is entirely bushland and used for training exercises. Where the base meets Somers at its coastline, beaches are closed and the