A new corporate governance fund set to launch in September is being administered by the Bank of Bermuda, a bank spokesperson confirmed this week.

A report from a monthly newsletter tracking value investors, the Turning Tactician, reported that investment specialist Guy Wyser-Pratte, who has been active in corporate governance investing since 1974, plans to launch the publicly listed Wyser-Pratte Euro Value Fund on the Irish Stock Exchange, Dublin.

CitiGroup is acting as the prime broker while the Bank of Bermuda will administer the fund, which will be domiciled in the Cayman Islands, a bank spokesperson said.

The dollar-denominated fund will trade on the Irish Stock Exchange, in Dublin.

The Turning Tactician said Wyser-Pratte was putting $20 million of his own money into the fund, and fund will have a $2 million investment minimum.

This is currently the only corporate governance fund the bank administers.