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BSX Approves Listing of up to 4,999,000 Participating Shares each of the Jacana Fund and the Jacana
The Funds were incorporated in the British Virgin Islands, the Jacana Fund on 7 March 2000 and the Jacana Diversified Fund on 18 June 2001. Both Funds are currently registered in the BVI as public funds.
The investment strategy of the Jacana Fund is to achieve consistent capital appreciation by investing primarily in global assets with a current focus on South Africa using a broad range of instruments and holding substantial US Dollar assets as a currency hedge.
The investment strategy of the Jacana Diversified Fund is to achieve long-term capital appreciation by investing primarily through selected funds or investment managers, including the Aurum and Jacana Funds, in a strategically determined mix of assets and instruments.
The listing of the Participating Shares of the Jacana Funds is sponsored by Continental Sponsors Ltd. The Funds are also being listed under the BSX's Listing Regulations for Collective Investment Schemes and the provisions for General Marketing.
"We are delighted to be listed on the BSX and to be able to benefit from its growing international reputation," said Mr. Dudley Cottingham, a Director of the Jacana Funds.
"We are pleased to welcome the Jacana Fund and Jacana Diversified Fund to listing", said Mr. James S. McKirdy, Listing & Compliance Manager of the BSX.
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For further information on the Jacana Funds, please contact Mr. Dudley Cottingham at telephone: 292-7478 or facsimile: 295-4164.
For more information, contact Joanne MacPhee at the Bermuda Stock Exchange at phone 441-292-7212 or jmacphee@bsx.com. Information is also available at www.bsx.com, on Bloomberg at BSX
The Bermuda Stock Exchange is a fully-electronic offshore securities market founded in 1971. The BSX lists more than 300 securities -- including equities, mutual funds and bonds, as well as depository receipts -- and is a full member of the F.IB.V. (International Federation of Stock Exchanges) as well as being recognized by the U.S. SEC.