FOR IMMEDIATE PUBLICATION –Thursday, 11 September 2014
The Bahamas International Securities Exchange (BISX) is pleased to announce that the Nalbra Overseas Fund Corp., the Powder Multistrategy Fund Limited, and the Rio Real Participacoes Fund Inc. have successfully completed the BISX Mutual Fund Listing Process and have now been added to the roster of funds listed on the Exchange.
Nalbra Overseas Fund Corp. is incorporated as an International Business Company under the laws of the Commonwealth of The Bahamas. This Fund is a non diversified, open end investment fund, which seeks capital appreciation by investing in a variety of instruments and financial products. It is registered as a Professional Investment Fund under the Securities Industry Act, 2003. Icatu Gestao Patrimonial Ltda serves as the Investment Manager.
Powder Multistrategy Fund Limited is incorporated as an International Business Company under the laws of the Commonwealth of The Bahamas. This Fund is a non diversified, open end, investment fund that seeks capital appreciation by investing in a variety of instruments and financial products. It is registered as a Professional Investment Fund under the Securities Industry Act, 2003. Perfin Administração de Recursos Ltda serves as the Investment Manager.
Rio Real Participacoes Fund Inc. is incorporated as an International Business Company under the laws of the Commonwealth of The Bahamas. This Fund is a non diversified, open end, investment fund that seeks capital appreciation by investing in a variety of instruments and financial products. It is registered as a Professional Investment Fund under the Securities Industry Act, 2003. Icatu Gestao Patrimonial Ltda serves as the Investment Manager.
BISX Chief Executive Officer, Keith Davies commented on the listing of the three funds: “We continue to build on the success of investments that we made in establishing close working relationships with our Sponsor Members and the wider Bahamian Financial Services Industry. These listings are also positive proof of the value that our industry continues to add to its clients. We are confident that our market is moving steadily towards the day when listings of this nature are considered common place, and are a part of the normal course of doing fund business in The Bahamas.”
Credit Suisse, AG, Nassau Branch served as the BISX Sponsor Member that brought these Funds to the Exchange and Credit Suisse AG, Nassau Branch has been appointed as the Administrator for all three funds.
NOTE: Attached to this Press Release is the BISX Formal Trading Notice for Nalbra Overseas Fund Corp., Powder Multistrategy Fund Limited, and Rio Real Participacoes Fund Inc. This notice advises the public of the securities to be listed on the Exchange and the trading symbol of each listed security.
For Additional Information Contact:
Elude Michel-Sturrup
Tel: 242-323-2330
Fax: 242-323-2320
Email: info@bisxbahamas.com