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
Admiralty Islands Admiralty Islands The Admiralty Islands are an archipelago group of 18 islands in the Bismarck Archipelago, to the north of New Guinea in the South Pacific Ocean. These are also sometimes called the Manus Islands, after the largest island. These rainforest-covered islands form part of Manus Province, the smallest and least-populous province of Papua New Guinea, in its Islands Region. The total area is . Many of the Admiralty Islands are atolls and uninhabited. The larger islands in the center of the group are Manus Island and Los Negros Island. The other larger islands are Tong Island, Pak Island, Rambutyo