Max Quin

Shares of the parent company of Bermuda-based stockbroker Lines Overseas Management were listed for the first time on the Bermuda Stock Exchange on July 24.A statement that the shares had been approved for listing was made on July 20 without any prior public announcement that an application had been submitted.

Information Memorandum for LOM (Holdings) Limited, filed with the Bermuda Stock Exchange.

Lawyer Max Quin has teamed up with Global Asset Management to form Harbour International Trust Company (Bermuda) Ltd - the latest exempted company to be granted a trust licence by government.GAM owns the majority of shares in the trust company, with minority stakes held by Mr. Quin and portfolio management group Soditic Partners Ltd.

The Sagacity Futures Fund is being liquidated 14 months after launch following heavy losses incurred by the fall of the US dollar to record lows against the Japanese Yen during March.Sagacity, which was managed by former Bank of Bermuda chief economist Allan Marshall and sold by Lines Overseas Management, was a high risk fund that took leveraged positions in financial futures and related options traded on the world's major futures exchanges.