The Bermuda Institutional Money Fund Limited (the "Fund") is an open-ended vehicle and is incorporated in Bermuda as an exempted company with limited liability. The Fund aims to provide investors with a high level of current income, consistent with the preservation of capital and liquidity.
The Investment Manager for the Fund is Bermuda International Investment Management Limited, a wholly owned subsidiary of The Bank of Bermuda Limited.
The listing of Bermuda Institutional Money Fund Limited is sponsored by Bermuda International Securities Limited, also a wholly owned subsidiary of The Bank of Bermuda Limited.
Wayne Chapman, Senior Vice President, Investments said: "We have just proudly announced the Fund reaching the $2 billion level and now we've further raised the Fund's profile by being approved for listing by the BSX. The listing also reaffirms the Bank's continued support for the BSX and the role of Bermuda International Securities Limited as a Listing Sponsor of choice."
"The BSX is pleased to bring Bermuda Institutional Money Fund Limited to listing and welcomes the continued support of local investment services providers", said Mr. James S. McKirdy, Listing Manager of the BSX.