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Financial services investment firm Somers Ltd has moved into a positive year-to-date position for its investments after a strong performance by Private & Commercial Finance Group (PCFG). Somers recorded net income of $8.6 million in the third quarter...

LOM Financial Ltd swung to a $225,747 net loss in the first half of the year, as the company made less on broking fees but more on management and advisory fees. The loss compared to a profit of $90,605 for the first half of 2014. But in a letter to s...

The head of a Bermuda-based investment fund has been charged with fraud in a complaint lodged by the US Securities and Exchange Commission (SEC). Dr Hans Black, who controls Interinvest, which has a Bermuda arm, is accused of funnelling millions of d...

Bermuda Investment Advisory Services Ltd (BIAS) has received a double accolade from magazines covering the financial services industry. Captive Review magazine awarded BIAS the US Captive Services Award 2014 for Innovation in Investment Management. S...

Investment firm LOM has notched up a five-star rating for one of its funds. International investment analysts Morningstar gave the company’s Stable Income Fund its top rating in its latest round of rankings. Stable Income Fund manager Bryan Dooley, w...

LOM (Holdings) Ltd announced a profit of more than $90,000 for the first half of 2014. In a letter to shareholders, the company stated: “LOM continues to see a very gradual upturn in business activity. “Due to this increased activity and as a resul...

Part three — The Final Recommendations for a Parent Left alone — the Moneywise Family Plan Part one on June 14, 2014 and June 21, 2014 can be found on The Royal Gazette website under the links at the bottom of this article. Our composite client, a...

Part five — Bermuda fundamental financial review. Kinds, uses, and demands of debt. Interest rates, bond yields, and the quantitative easing era. The lament goes like this. When, oh when, are we going to see some decent interest rates on deposits, ...

Freisenbruch-Meyer Group Insurance is offering a new kind of retirement plan. The new offering utilises the Group’s in-house funds, which also allows clients to self-direct the investments they hold in their pension plan, trading them at will online....

Bermuda is in prime position to capitalise on China’s booming economy, a top trust fund adviser told a conference yesterday. Joe Field, of London-based global law firm Withers, told the conference that the Island’s trust fund industry could prove att...