BVI Company News

Last week “The Fortress Global Value Fund”, established and managed by Fortress Fund Managers Limited, was launched in the British Virgin Islands at an initial offering of US$1. Fortress Global is structured as a fund of funds and administered by ATU Fund Administrators (BVI) Ltd.

Fortress Fund had always expected a lot for this new fund. After it was launched last year in November, and after just some months of operation since the fund’s initial offering closed on September 15, 2006, it has provided a return of 6.86%.

After the BVI launch, Fortress Investment Manager Roger Cave told about his great expectations regarding the fund’s performance, “We are highly confident that our years of experience in the investments field will aid our new venture into the international markets and assist investors, institutional and individual alike, realise strong growth in their quest for greater global diversification within their portfolios”.

The BVI-launched fund has already accumulated total assets of US$7 million, and its net asset value is now US$1.0686 per share.

This entry was posted on Wednesday, May 2nd, 2007 at 11:12 pm and is filed under BVI Investment Funds, Investors' News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.