FOR IMMEDIATE PUBLICATION – MONDAY 8 JANUARY 2018
The Bahamas International Securities Exchange (BISX) is pleased to announce that the Gap Private Fund Ltd. (the Fund) has successfully completed the BISX Mutual Fund Listing Process. As a result, the Fund’s shares have now been added to the roster of funds listed on the Exchange. The Gap Private Fund Ltd. is an open-ended mutual fund.
Gap Private Fund Ltd. is incorporated as an International Business Company under the laws of the Commonwealth of The Bahamas and is licensed as a Smart Fund Model SFM 007 under the Investment Funds Act, 2003.
In speaking of the Listing, Ivan Hooper, Chief Executive Officer of The Winterbotham Trust Company Limited stated: “We are pleased to continue sponsoring the listing of funds under BISX’s, closing the year with the listing of GAP Private Fund Ltd. We look forward to continue listing funds in 2018. As the largest Fund Administrator by number of funds in The Bahamas, listing has become a key component of our offering. Listing with BISX is a key enhancer to this offering and our ability to attract funds to The Bahamas¨.
BISX Chief Executive Officer, Keith Davies, commented on the listing of the Gap Private Fund Ltd. “The Gap Private Fund was approved in late December 2017, we believe that this was an excellent way to close out 2017. Looking forward to 2018 we anticipate more opportunities to work with the Bahamian Financial Services Industry in creating products that are value-additive to their clients and their business. I also want to congratulate Winterbotham for continuing their stellar work in the mutual fund industry.”
The Winterbotham Trust Company Limited served as the BISX Sponsor Member that brought the Gap Private Fund Ltd. to the Exchange. The Winterbotham Trust Company Limited serves as the Administrator of the Fund.