This page includes Regulatory news filings supplied by issuers listed on the BSX. Please note the BSX is not responsible for the content, accuracy or completeness of announcements filed by issuers and disclaims all liability for any loss arising from reliance on information contained within issuer announcements.
BSX Approves Listing of 15 Classes of The Spitfire Funds (Bermuda) Ltd. - The Spitfire Property Recovery Funds
Hamilton, Bermuda: 08 December 2009 - The Listing Committee of the Bermuda Stock Exchange (BSX) today announced the approval of the listing of 15 new classes of The Spitfire Funds (Bermuda) Ltd., being segregated classes in Euro, Sterling, and US dollars, consisting of up to 11,999,000 Non-Voting Redeemable Participating Class A shares, cumulatively of all classes within the Spitfire Funds (Bermuda) Ltd umbrella. The new segregated funds approved are Spitfire Americas Property Recovery Fund Ltd., Spitfire Asian Property Recovery Fund Ltd., Spitfire Arabia Property Recovery Fund Ltd., Spitfire British Property Recovery Fund Ltd., and Spitfire European Property Recovery Fund Ltd.
The Spitfire Funds (Bermuda) Ltd was incorporated in
Apex Fund Services Ltd. sponsored the listing of The Spitfire Funds (Bermuda) Ltd.
The Spitfire Property Recovery Funds' investment objective is to invest primarily but not exclusively in investment entities managed by Investment Managers selected by the Fund for their superior investment skills in their particular field of operation. The Fund will initially select a range of property related investment opportunities offering the potential for investment returns derived from the selected property markets.
The Fund will seek initially to exploit recovery themes. This enables the investment managers the ability to select discounted property investment opportunities that will provide capital growth opportunities and attractive levels of income. As property markets stabilize the Investment Managers will seek to provide consistent long term returns and will adjust the portfolio accordingly.
The Fund will invest in open ended property funds, listed closed end property companies, global quoted property stocks, Real Estate Investment Trusts (REITS), and any other suitable British property related investments, including ETF's (Exchange Traded Funds).
"The BSX is delighted to welcome these new classes of The Spitfire Funds (Bermuda) Ltd. to listing", said Mr. James S. McKirdy, Chief Compliance Officer of the BSX.
The listing is effective as of 04 December 2009.
For further information on the Spitfire Funds (