LOM Asset Management will launch a new Euro Fixed Income Fund on February 26th, 2009
February 13, 2009 (Hamilton, Bermuda) -- LOM Asset Management Limited has announced that it will launch a new Euro Fixed Income Fund on February 20th.This absolute return bond fund will be ideal for clients that want exposure to the euro, emphasize positive quarterly returns and have an objective of outperforming (over a market cycle) a money market fund, certificate of deposits (CD’s) or a bank savings account.We believe LOM is the first local firm to offer this type of conservative Euro bond fund.
The fund will be managed by a team led by Executive Vice President Jon Heckscher who has managed the LOM Fixed Income Fund and the LOM Money Market Funds since 2000.
“While this new fund fills a [euro] void that exists in the Bermuda market, we are constantly searching for new ideas which may be of interest to existing and prospective clients.“ said Mr. Heckscher “We invite the Bermuda public to stop in and see all of the products and services LOM has to offer”
In addition to this fund LOM is currently researching the possibility of developing a Bermuda Fund, denominated in Bermuda dollars, whichwould invest in both local Bermuda companies and those with a presence in Bermuda.
As always, all LOM funds are open to all qualified clients.These include our savings plans, pension plans as well as individual and institutional accounts.Those interested in accounts at LOM should contact LOM at 296-SAVE (7283).
For more information, please contact LOM for a prospectus, or see www.lom.com/mutual-funds.
About LOM (Holdings) Limited
LOM is a publicly-held, international financial services company, providing a complete range of investment services and products through its regulated subsidiaries in Bermuda, Bahamas and Grand Cayman.In business for over 16 years, LOM today provides brokerage, asset management, and corporate finance services to its primarily high net-worth individual and institutional customers in over 75 countries around the world.LOM is publicly listed on the Bermuda Stock Exchange (symbol LOM BH).The consolidated group is debt-free and has shareholder’s equity of over $21 million.
