Mid-Ocean Global Asset Allocation Fund

Leading Canadian investment firm Goodman & Company, whose parent, Dundee Bancorp, owns a 40 per cent stake in Bermuda-based Mid-Ocean Trust Company Ltd, has launched a new mutual fund in Bermuda.The fund - Mid-Ocean Global Asset Allocation Fund - has an authorised capital of US$100 million and will be managed by Goodman & Company (Bermuda) Ltd, an exempted company which recently began operations on the island. The fund will start with approximately $5 million under management.