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 a one-pound bag of salt. The island is often visited by yachts and gets an occasional smaller cruise ship. Where before there were twenty or more households there are now only three or four derelict houses. The harvesting of salt was once an annual tradition on Salt Island going back to the days of Queen Victoria in 1867 when the residents would gather once a year to harvest the salt from the lake on Salt Island. It became customary for the Administrator of the Virgin Islands and later the Governor of the Virgin Islands to send one pound of salt