RP Hedge Fund Lists On BISX
The Bahamas International Securities Exchange (BISX) has announced that the
RP Hedge Fund Limited (RP Hedge Fund) has successfully completed the BISX Mutual
Fund Listing Process, and has now been added to the roster of funds listed on
the Exchange. The RP Hedge Fund is managed by RP Capital Management Ltd. and is an open-ended,
investment company that seeks capital appreciation for investors. The listing
of the RP Hedge Fund Limited adds another international fund listing to the
Exchange, and continues the expansion of BISX's Mutual Fund Listing Facility. According to Keith Davies, BISX CEO: "We wish to welcome the RP Hedge
Fund Limited to our family of listed issuers. We see this and the other listings
we have been able to process this year as positive incremental steps in the
development of our market, and from my vantage point, it's also a pretty good
way to start the second quarter of 2008." The RP Hedge Fund has become the ninth fund listed on the Exchange since December
2007. Speaking about this growth in listings, Davies noted: "We have focused
on bringing a value-added product to issuers seeking a listing on BISX. One
of the ways that we went about this was benchmarking the time required to complete
each aspect of the listing process." "As a result of this exercise we have introduced
more efficient procedures and processing techniques that enable us to list funds
more swiftly, as well as simplify the listing process for our issuers." A comprehensive report in our Intelligence Report series examining offshore investment, offshore stock exchanges, trusts and hedge funds is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report9.asp
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