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BSX Approves Listing of up to 4,999,000 Participating Shares of the Aurum Resource Dollar Fund Ltd..
Hamilton, Bermuda, 9 August 2005 - The Listing Committee of the Bermuda Stock Exchange (BSX) today announced the approval of the listing of up to 4,999,000 Participating Shares of the Aurum Resource Dollar Fund Ltd (the "Fund").
The Fund was incorporated in Bermuda on 26 May 2005 and is classified as a Bermuda Standard Scheme under the Bermuda Monetary Authority Collective Investment Scheme Regulations. The Fund was listed on the Irish Stock Exchange on 1 July 2005 and also achieved a secondary listing on the BSX effective the same date.
Aurum Resource Dollar Fund Ltd, Aurum Resource Euro Fund Ltd and Aurum Resource Sterling Fund Ltd (the Feeder Funds) will invest solely apart from the currency hedging strategy to protect their value in base currency terms from currency fluctuations into Aurum Resource Fund Ltd (the Master Fund). The Master Fund will invest predominantly in specialist hedge funds trading and investing directly or indirectly in natural resource commodity derivatives and resource-related securities. Natural resource commodity markets include energies (oil, natural gas and refined products), base and precious metals, agricultural and soft commodities. Related markets traded could include power, utilities, alternative energy, water-related securities and natural catastrophe reinsurance strategies. The Master Fund may also invest in managers pursuing fundamental long/short equity, discretionary macro, systematic trading and multi-asset strategies in natural resource markets with an emphasis on long term growth. Where investment is made by the Master Fund into other funds, these funds will be relevant to the investment strategy of the Master Fund, will be in a variety of legal forms and may be located anywhere in the world.
Continental Sponsors Ltd sponsored the listing of the Participating Shares of the Fund. The securities are being listed under the Listing Regulations for Collective Investment Schemes and the provisions for General Marketing.
"Aurum Resource Dollar Fund Ltd. is delighted to be listed on the BSX and to be able to benefit from its international reputation", said Mr. Sutherland Morris of the Fund.