The Bahamas International Securities Exchange (BISX) is pleased to announce that shares of the Fitpart Dynamic Allocation Professional Fund Ltd 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. Fitpart Dynamic Allocation Professional Fund Ltd is an open-ended mutual fund.
Fitpart Dynamic Allocation Professional Fund Ltd is incorporated as an International Business Company under the laws of the Commonwealth of The Bahamas and is licensed as a Professional Investment Fund under the Investment Funds Act, 2003.
“We are pleased to see the addition of this fund, Credit Suisse became a BISX Sponsor Member in 2007, and since that time they have active participants of our mutual fund listing facility, and their relationship with the Exchange has been beneficial for them, their clients and the Exchange. We look forward to a continued relationship with Credit Suisse,” said BISX Chief Executive Officer, Keith Davies.
BISX Chief Operating Officer, Holland Grant noted: “The Assets Under Management of all mutual funds listed on the Exchange as at 31 December 2017 was $4.4 billion. We are pleased with how this facility has experienced growth both in terms of the number of funds listed, and in terms of the value of Assets Under Management of these funds.”
Fitpart Fund Administration Services Limited has been appointed as the Administrator and Investment Manager for the Fund. Credit Suisse AG, Nassau Branch served as the BISX Sponsor Member that brought this Fund to the Exchange.