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BSX Approves Listing of Euro and US$ Class Fund Shares of Orbis Optimal SA Fund Limited
Hamilton, Bermuda, 19 January 2005 - The Listing Committee of the Bermuda Stock Exchange (BSX) today announced the approval of the listing of up to 50,000,000 Euro Class Fund Shares and up to 50,000,000 US$ Class Fund Shares of Orbis Optimal SA Fund Limited.
The Fund is formed as a Bermuda exempt mutual fund company and is registered as a Bermuda Standard Scheme under the Bermuda Monetary Authority (Collective Investment Schemes) Regulations 1998.
The Fund seeks capital appreciation on a low risk global portfolio and is offered in a choice of US dollars or euro. The Fund invests principally in a focused portfolio of selected global equities believed to offer superior relative value and employs stock market hedging to reduce risk of loss.
The Fund is designed for investors seeking capital appreciation on a low risk global investment portfolio. The Fund's returns are intended to be largely independent of the returns of major asset classes such as cash, equities and bonds.
Reid Services Limited sponsored the listing of the Fund Shares. The securities are being listed under the Listing Regulations for Collective Investment Schemes and the provisions for Restricted Marketing.
"The BSX is pleased to welcome Orbis Optimal SA Fund Limited to listing", said Mr. James S. McKirdy, Chief Compliance Officer of the BSX.