The Fund is incorporated in the British Virgin Islands and is structured as an open-ended fund.
The investment objective of the fund is to achieve substantial capital appreciation of its assets, consistent with risk control and diversification of investment, through the speculative trading of any financial futures contracts, options on such financial futures contracts and futures, inter-bank spot, and forward contracts in currencies and OTC-option contracts on currencies and other derivative instruments related to the Markets.
The investment strategy of the Fund is to trade in the global foreign exchange markets by taking long and short positions in spot, forward and futures contracts and options on such contracts. The fund also takes positions in financial futures contracts, and options, as well as emerging financial markets.
The listing of the Rosebud Investment Fund Class B ordinary shares is sponsored by First Bermuda Financial Services Limited. The Securities are being listed under the regulations for Collective Investment Schemes.
"The Directors of Rosebud Investment Fund Ltd. are pleased to have achieved the listing of the fund on The BSX. The directors acknowledge The BSX's practical approach, which makes for excellent balance between disclosure and regulation. Accordingly, the director's are of the opinion that a BSX listing provides necessary investor comfort whilst retaining the flexibility demanded by sophisticated investors."
"The BSX welcomes the Rosebud Investment Fund Ltd., which brings the total number of funds now listed on the Exchange to 131" said Mr. James S. McKirdy, Listing Manager of the BSX