News Releases

LOM Releases 2008 Audited Financials
BNTB Offering
Jul 14 2009 Press Release
november 10 2009
november 23 2009
Christmas Invitation
press release january 15
january 25 2010
january 29 2010
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News and Press Releases

  • LOM Fixed Income Fund earns five-star rating - 03-12-2010

    LOM Fixed Income Fund has been awarded three five-star ratings from Morningstar Inc. - the highest rating a fund can receive from the independent mutual fund analysis and ratings company - putting it in the top 10 percent of rated funds.


  • LOM Releases Research report on BCB - 02-25-2010


  • LOM Releases Research report on BNTB - 02-25-2010


  • Notice for LOM Cayman Customers - 01-29-2010

    As part of a reorganization of its Caribbean operations, the LOM Group announced that it will be closing its Cayman office as of March 31, 2010


  • Follow us on Facebook - 01-25-2010

    LOM launches Facebook page.


  • LOM Group Announces Reorganization of Caribbean Operations - 01-15-2010

    Hamilton, Bermuda – 14 January 2010 – LOM (Holdings) Limited (Bermuda Stock Exchange: LOM.BH) announced that it will reorganize the group’s operations in the Caribbean.


  • Christmas 2009 Event - 11-27-2009

    To all our valued clients Past, Present and Yet to Come, LOM cordially invites you to enjoy a Festive Celebration.


  • Jon Heckscher to Speak at Cayman Captive Forum - 11-23-2009

    LOM Securities (Cayman) Limited is pleased to announce that Jon Heckscher, General Manager of the LOM Group’s Asset Management division, will be participating as a speaker at the upcoming Cayman Captive Forum.


  • LOM Announces Staff Appointments - 11-10-2009

    HAMILTON, Bermuda, Nov. 11, 2009 – The LOM Group today announced several staff moves designed to develop the firm's operational capacity and financial advisor platforms.


  • Press Release - August 3, 2009 - 08-03-2009

    LOM delivers half year earnings release and corresponding shareholders letter.


  • Press Release - July 14, 2009 - 07-15-2009

    LOM (Holdings) Limited (LOM) today announced that during the second quarter of 2009 it purchased 11,300 of its own shares for cancellation at an average price of $3.60 per share.


  • BBBS sends 100 children to camp - 07-09-2009

    Spending summer vacation enjoying activities with friends is every child’s dream. But for some it’s just that, a dream, because their parents cannot afford to send them to summer camp.


  • BNTB Preferred Share Offering - 06-03-2009

    LOM is pleased to offer your clients the opportunity to invest in the new USD $200,000,000 BNTB Preferred Share offering. LOM has been appointed a member of the authorized selling group, as such clients will receive special treatment towards allocations when the deal is launched next week.


  • LOM Asset Management To Launch A New Distressed Debt Fund - 05-19-2009

    Retail investors have been unable to participate in the recent wave of distressed debt funds. As a result, the US Treasury is attempting to open up access to these Mortgage related assets to a wider group of investors. Using what is dubbed the Public-Private Investment Program (P-PIP), investment firms will be able to take advantage of low cost leverage in order to help alleviate some of the pressure these investments have placed on banks’ balance sheets


  • LOM Releases 2008 Audited Financials - 04-29-2009

    LOM (Holdings) Limited today released its audited results for 2008.


  • LOM Asset Management will launch a new Euro Fixed Income Fund on February 26th, 2009 - 02-13-2009

    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.


  • LOM's Bermuda office is experiencing a telephone outage - 01-21-2009

    Please advise clients that they can reach you at 441-295-6999 if the problem persists. We have also placed a notice on our web page alerting clients of the issue.


  • LOM: Hedge Fund Industry Will Suffer - The Royal Gazette - 12-16-2008

    Bermuda may not be directly affected by exposure to investments managed by Bernard Madoff, but the hedge fund industry and the offshore world will suffer as a result of the scandal.


  • LOM Sees Opportunities On BSX Despite The Downturn - The Royal Gazette - 12-04-2008

    Despite all the doom and gloom of the current financial crisis, there are some good opportunities for investors in the market.


  • LOM Securities Cayman Ltd. Receives Cayman Islands Chamber of Commerce Corporate Citizen Award - 12-03-2008

    Cayman Islands BWI - December 2nd, 2008 - LOM Securities (Cayman) Ltd. has been awarded the prestigious Cayman Islands Chamber of Commerce Corporate Citizen Award. Each year the Chamber delivers quality programmes, events and services for the benefit of its members and the wider community.


  • Jon Heckscher of LOM Asset Management to sit on the investment panel at this year’s Cayman Captive Forum - 11-20-2008

    Jon Heckscher, Executive Vice President, LOM Asset Management will sit on a panel held on Thursday, December 4th, 2008 at 11:30AM in the Main Forum at the Cayman Captive Conference held at the The Ritz Carlton December 2-4, 2008. The panel will address questions from the audience regarding the economy and global markets and how to manage captive investments through difficult times.


  • LOM (Holdings) Limited Dividend Declaration - 11-19-2008

    The Board of Directors of LOM (Holdings) Limited (LOM BH), on 19th November, 2008, declared a dividend of seven cents ($0.07) per share to shareholders of record as at 27th November, 2008, and payable 1st December, 2008.


  • LOM Securities (Cayman) Ltd. Prepares For Hurricane Paloma - 11-07-2008

    Hurricane Paloma is gathering strength as it heads across the Caribbean towards the Cayman Islands and Cuba, the US National Hurricane Center says. Colin Wilson, with LOM Securities (Cayman) Limited, reports that current conditions are "very windy with heavy rain." Paloma is expected to hit the Cayman Islands late on Friday and then move towards Cuba, striking its southern coast on Sunday.


  • Local Students Thank LOM for Waterstart Sponsorship - 09-09-2008

    To demonstrate to other companies the intangible rewards that come out of sponsoring local charitable initiatives, such as the Waterstart Program, we have published thank you letters from some of students that have written in and thanked us for our sponsorship. We hope this will encourage other companies to contribute in similar ways


  • LOM Securities (Bahamas) Ltd. on Hurricane Ike Watch - 09-05-2008

    The Government of The Bahamas has issued a Hurricane Watch for the Southeastern Bahamas; this area currently does not include the city of Nassau on the Island of New Providence, where our offices are located. Hurricane Ike remains a dangerous storm and potential intensification may affect our operations on Monday.


  • Standard & Poor's has affirmed the AAAm rating on the LOM Money Market Fund Class A - 09-04-2008

    Standard & Poor's has affirmed the AAAm rating on the LOM Money Market Fund Class A, a class of LOM Asset Management’s flagship Money Market Fund. The class has been rated AAAm by Standard and Poor's since March, 2001.


  • Jeremy Dyck of LOM Securities (Bahamas) Limited has been elected as Programming & Public Relations Chair of the CFA Society of the Bahamas - 09-02-2008

    As a member of the CFASB Board of Directors, his duties will include the scheduling of monthly luncheon speakers, the arrangement and promotion of society events, and the participation in CFA Institute regional leadership meetings and annual conferences held throughout the year and around the world.


  • LOM Securities (Cayman) Ltd. on Hurricane Gustav Watch - 08-28-2008

    The Cayman authorities have issued a Hurricane Watch for Grand Cayman. LOM will continue to monitor the situation as it progresses but at this point does not anticipate disruption to our Cayman operation.


  • LOM Announces Appointment of New Director - 08-26-2008

    LOM (Holdings) Limited (BSX: LOM BH) announced that Mr. Danesh Varma was appointed a director of LOM at the Board of Directors Meeting held on 18th July 2008.


  • LOM 2008 Half Year Financial Results - 07-24-2008

    It is no news to anyone that the global financial markets have suffered an extremely difficult first half of the year. The United States’ habit of loose lending policies over the past six years came home to roost with a vengeance roiling the world’s financial markets and creating the worst credit crunch in a generation. This credit contraction exterminated Bear Stearns, America’s fifth largest securities broker.


  • A Day On Cooper's Island: LOM - Waterstart Marine Science Scholarship Update - 07-24-2008

    Eleven hard working Bermudian students were recently awarded LOM - Waterstart Marine Science Scholarships in recognition of their excellence in the classroom. Inside, you will find photos, stories and footage of this special program.


  • Donald Lines Awarded US$3.3 Million; Court Finds SEC Process Server Committed Fraud - 06-11-2008

    LOM (Holdings) Limited (LOM) announced that the Superior Court of Massachusetts has ruled in favor of LOM’s chairman, Donald P. Lines, in his suit against Stokes & Levin, Inc. (Stokes), a Massachusetts process serving company, awarding Mr. Lines damages in excess of US$3 million. The Court found that Mr. Lines was never served administrative subpoenas issued by the U.S. Securities and Exchange Commission (“SEC”) in November 2005, contrary to repeated claims by Stokes and the SEC in court documents and in the media.


  • LOM (Holdings) Limited selects Bloomberg Portfolio Order Management (POMS) to automate its front office investment practices - 05-28-2008

    Lines Overseas Management Limited, a subsidiary of LOM (Holdings) Limited (www.lom.com), today announced that it has selected the Bloomberg Portfolio Order Management System (“POMS”) to automate and streamline its front office investment practices across the firm’s multiple business units, including its asset management and brokerage operations.


  • Lines Overseas Management (LOM) Group of Companies has announced a number of new appointments - 05-21-2008

    LOM announced a number of new appointments, including four Bermudians, to its staff base - David Barker, Kenny Foggo, Arantxa Mayers and Malik Showers.


  • The LOM Group requires a Junior Portfolio Manager - 05-20-2008

    The LOM Group of companies and LOM Asset Management Limited are seeking a Junior Portfolio Manager to assist with expansion in our international financial services firm. The primary role of this exciting new position will be to work closely with our General Manager in Bermuda to execute investment mandates (both fixed income and equity) for high net worth individuals, trust accounts and small to midsize corporations.


  • Eleven teens sign up for LOM sponsored BIOS internships - 05-19-2008

    BIOS is offering students the opportunity to work alongside its scientists through Marine Science Internships. The Waterstart Programme is open to 12- to 13-year-olds, and scholarships are being sponsored at each of the Island's middle schools by Lines Overseas Management (LOM)


  • LOM Reports Increased Profits for 2007 - 04-17-2008

    LOM (Holdings) Limited (BSX: LOM) today reported that net earnings for the year ended December 31, 2007 rose nearly 50% as compared to year end 2006, to $2.5 million or $0.38 per diluted share. Diluted earnings per share were $0.38 and $0.26 for the year 2007 and 2006, respectively. Total revenue was up 29% to $16.5 million while expansion caused operating costs to rise by 26%, to $14 million.