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Community Last Updated: Jul 19, 2018 - 1:50:53 PM


Leo International fund SAC programme
By Holland Grant
Jul 19, 2018 - 10:45:55 AM

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Keith Davies and Sean Longley discuss the Leno International Investment Fund

The Bahamas International Securities Exchange (BISX) is pleased to announce that shares of Leno International Investment Fund, SAC – Leno International Income Fund Class A Share have successfully completed the BISX Mutual Fund Listing Process. As a result, these shares have now been added to the roster of funds listed on the Exchange. Leno International Investment Fund, SAC is an open-ended mutual fund.

BISX Chief Executive Officer, Keith Davies commented on the listing of the Mutual Fund, “It’s always a good thing when one of our Members takes advantage of the opportunities made available through their affiliation with the Exchange, and today is no exception. We are pleased that Leno has entered the international mutual fund listing arena which was made possible through the Exchange Control Liberalization Programme set by the Central Bank for use by Members of BISX. BISX’s Mutual Fund Listing sector continues to grow and we have to thank our Sponsor Members, like Leno, who bring these Funds to us. We look forward to the future growth of this sector of BISX and we are also considering approaching the Central Bank to increase the total sum of monies available annually to the Liberalization Program to facilitate its expansion.”

Mr. Sean K. Longley, President of Leno, stated “Following up on becoming a BISX Sponsor Member last year, Leno is pleased to list its first fund on the exchange. Leno sought an investment solution that provided steady returns and diversified holdings of high quality global fixed income instruments”

Mr. Longley went on to say that “this fund will provide an easy and convenient way for Bahamian Investors to invest their savings in the global markets”.

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From left to right: BISX COO; Mr. Holland Grant, Leno President; Mr. Sean Longley, BISX CEO; Mr. Keith Davies

Leno Corporate Services Limited served as the BISX Sponsor Member that brought this Fund to the Exchange. Leno Corporate Services Limited has been appointed as the Administrator for the Fund. Leno Corporate Services Limited acts in capacity of Investment Manager.

Leno International Investment Fund, SAC is incorporated as an International Business Company under the laws of the Commonwealth of The Bahamas and is registered as a Segregated Accounts Company under the Segregated Accounts Companies Act 2000.


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