Our history

A strong history

Our origins date back to 1988, and since 2010 we have been operating under the ICM brand. ICM has evolved to become a global organisation, currently managing directly and indirectly approximately US$19bn in assets.

ICM is an international Fund Manager and Corporate Finance Adviser headquartered and licenced in Bermuda as an exempted company, pursuant to the provision of Section 129A of the Bermuda Companies Act 1981.

ICM has a long history of direct investment in Bermuda via the group of ICM managed and advised funds. Current direct investments in Bermuda companies total US$233m. ICM is a proud sponsor of the Bermuda Olympic Association and a contributor to the construction of the Bermuda Hospital.

Today, the ICM Group extends to over 10 offices globally with over 20 specialist ICM staff members, and more than 60 staff in total.

Our Values

Building business with integrity

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Adaptability

ICM champions innovative thinking to continually challenge and solve complex situations through creativity, whilst always seeking compelling value.

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Diversity

ICM is geographically diverse, but rather than considering this as a problem or challenge, we see this as an opportunity and advantage.

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Excellence

ICM looks to establish a challenging and rewarding environment for its employees, and to deliver excellence in its service to clients. We seek out value and reward hard work, innovation, and performance.

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Knowledge

ICM conducts global research and builds deep sector expertise to make investments.

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Independence & Integrity

ICM is run as an independent investment firm committed to intellectual consistency and best practices, whilst focused on achieving superior results.

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Loyalty

ICM looks for long term relationships with staff, clients and stakeholders, and seeks to support and develop those relationships for the benefit of all parties.

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Challenge

ICM challenges its investee companies to think smarter, question strategies, and to develop longer term aspirations and ambitions with a focus on deliverables.

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Philanthropy

ICM understands the importance of giving back by investing in the community.

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Responsibility

ICM works in accordance with our values, acting conscientiously and considerately to colleagues, clients, the companies with whom we work, and to the local and global communities.

Our philosophy

Focused on long term growth 

 

ICM is an investment group built on a philosophy of value creation, vision and innovation. Our mission is to achieve long-term total returns for our clients. Our focused investment processes identify both value and growth opportunities which are not reflected in the market price. Our deep and extensive understanding of the companies, sectors and markets in which we invest, moderates our risk and amplifies our returns.

ICM has interests, portfolio companies and investments ranging from fixed income bonds, listed equity, private equity and property. Our sector and regional focus covers financial services, fixed income, mining and resources, technology, and utilities & infrastructure.

We constantly seek out compelling investment opportunities. We thrive on market imperfections based on years of experience in investments and investment processes.

We value our experienced management teams and encourage well researched, fact based investments. Our staff are professional and dedicated, and maintain strong disciplines and integrity.

We have a long-term fundamental approach with deep sector expertise and local relationships. We seek to work with investee companies to enable them to grow and develop their businesses, and create value for all investors.

News archive 

Learn more about ICM

Date 26 Aug 2019
Title Zeta Resources Preliminary Final Report
Document 353KB
Date 26 Jun 2019
Title Utilico Emerging Markets Trust: Full Year Financial Report
Link visit
Date 04 Jun 2019
Title Bermuda First Investment Company: Proposed Sale of Ascendant Group Ltd
Document 176KB
Date 25 Feb 2019
Title Resimac Group Ltd: Half Year Results Presentation
Document 2,034KB
Date 13 Feb 2019
Title Somers Ltd: Sale of Stockdale Securities Ltd
Document 85KB
Date 05 Feb 2019
Title Somers Ltd: Sale of Bermuda Commercial Bank
Document 104KB
Date 01 Feb 2019
Title Utilico Emerging Markets Trust: Fund of the Week article
Link visit
Date 05 Jan 2019
Title Utilico Emerging Markets Trust: Emerging Markets article
Link visit
Date 01 Feb 2019
Title Somers Ltd: 2018 Full Year Results Announcement
Document 189KB
Date 01 Feb 2019
Title Utilico Emerging Markets Trust: Half Yearly Financial Report
Document 1,281KB
Date 01 Feb 2019
Title Somers Ltd: Sale of investment in Merrion Capital Holdings Limited
Document 416KB
Date 06 Nov 2018
Title UIL Finance Ltd: Cancellation of ZDPs held by UIL Ltd
Document 64KB
Date 06 Nov 2018
Title Zeta Resources Ltd: 2018 Annual Report
Document 1,888KB
Date 06 Nov 2018
Title UIL Ltd: 2018 Annual Financial Report
Document 2,221KB
Date 06 Nov 2018
Title Homeloans Ltd: 2018 Full Year Results
Document 269KB
Date 06 Nov 2018
Title Resolute Mining Ltd: 2018 Diggers & Dealers Presentation
Document 8,250KB
Date 06 Nov 2018
Title Utilico Emerging Markets Ltd: 2018 Annual Financial Report
Document 340KB
Date 06 Nov 2018
Title Homeloans Ltd: 2018 Half Year Results Presentation
Document 4,363KB
Date 06 Nov 2018
Title Utilico Emerging Markets Trust: Completion of Redomicile
Document 583KB
Date 06 Nov 2018
Title Panoramic Resources: 2018 Euroz Presentation
Document 3,788KB
Date 06 Nov 2018
Title Bermuda Commercial Bank: 2016-2017 Annual Report
Document 1,938KB
Date 06 Nov 2018
Title UIL Limited: 2018 Interim Report
Document 439KB
Date 06 Nov 2018
Title Homeloans Ltd: 2018 Half Year Results
Document 4,363KB
Date 06 Nov 2018
Title Zeta Resources Limited: 2018 Interim Report
Document 1,040KB
Date 22 Feb 2018
Title Resolute Mining Ltd: 2018 Half Year Results
Document 270KB
Date 07 Nov 2018
Title Somers Ltd: 2017 Annual Report
Document 11,455KB
Date 07 Nov 2018
Title Resolute Mining Ltd: 2017 Annual Report
Document 6,470KB
Date 07 Nov 2018
Title Zeta Resources: 2017 Audited Financial Report
Document 1,623KB
Date 07 Nov 2018
Title Panoramic Resources: 2017 Financial Results
Document 409KB
Date 07 Nov 2018
Title New Zealand Oil & Gas: 2017 Annual Results
Document 46KB
Date 07 Nov 2018
Title Pan Pacific Petroleum: 2017 Annual Report
Document 1,083KB
Date 07 Nov 2018
Title Homeloans Ltd: 2017 Financial Results
Document 790KB
Date 07 Nov 2018
Title Somers Ltd: Q3 2017 Financial Results
Document 690KB
Date 07 Nov 2018
Title Resolute Mining Ltd: 2017 Unaudited Financial Results
Document 419KB
Date 07 Nov 2018
Title Utilico Emerging Markets: Edison Note
Document 326KB
Date 07 Nov 2018
Title Somers Ltd: Sale of Interest in Ascot Lloyd
Document 352KB
Date 07 Nov 2018
Title Utilico Emerging Markets: Stockdale Report
Document 784KB
Date 07 Nov 2018
Title Somers Ltd: Half Year 2017 Financial Results
Document 683KB
Date 07 Nov 2018
Title Somers Ltd: Bonus Warrant Announcement
Document 649KB
Date 07 Nov 2018
Title Utilico Emerging Markets: 2017 Annual Report
Document 2,548KB
Date 07 Nov 2018
Title Afterpay Holdings Ltd: Business Update
Document 439KB
Date 07 Nov 2018
Title Homeloans Ltd: Half Year 2017 Financial Results
Document 522KB
Date 07 Nov 2018
Title Touchcorp Ltd: Announcement for Proposed Merger with Afterpay Holdings Ltd
Document 271KB
Date 07 Nov 2018
Title Homeloans Ltd: Interim Financials Results Investor Presentation
Document 1,385KB
Date 07 Nov 2018
Title Bermuda First Investment Company: 2016 Financial Results
Document 116KB
Date 07 Nov 2018
Title Somers Ltd: 2016 Annual Report
Document 7,240KB
Date 07 Nov 2018
Title KeyTech Ltd: Six Month Report to Sept 2016
Document 2,516KB
Date 12 Jun 2017
Title Utilico Emerging Markets: Net Asset Value Article
Link visit
Date 07 Nov 2018
Title Private & Commercial Finance Group: Positive Trading Update
Document 494KB
Date 07 Nov 2018
Title Resolute Ltd: Ravenswood Expansion Project Announcement
Document 2,414KB
Date 07 Nov 2018
Title Resolute Mining Ltd: Dividend Announcement
Document 446KB
Date 07 Nov 2018
Title New Zealand Oil & Gas: 2016 Annual Results
Document 166KB
Date 07 Nov 2018
Title Duncan Saville joins Cue Energy Board
Document 65KB
Date 07 Nov 2018
Title Retirement of Duncan Saville from the Infratil Board
Document 187KB
Date 07 Nov 2018
Title Resolute Mining Ltd: Diggers & Dealers Presentation
Document 4,983KB
Date 07 Nov 2018
Title Ascot Lloyd acquires Harvard Financial Management
Document 371KB
Date 07 Nov 2018
Title Resolute Mining Ltd: Record $213m Net Profit
Document 271KB
Date 07 Nov 2018
Title UIL Ltd: Infratil Awarded ANU Contract
Document 76KB
Date 07 Nov 2018
Title Utilico Emerging Markets Ltd: Edison Review
Document 540KB
Date 07 Nov 2018
Title UIL Ltd: Sale of 2022 ZDPs
Document 31KB
Date 07 Nov 2018
Title UIL Ltd: Placing of new 2022 ZDP shares
Document 447KB
Date 07 Nov 2018
Title UIL Finance Ltd: ZDP Shares Prospectus
Document 1,049KB
Date 07 Nov 2018
Title UIL Ltd: Recommended Proposal for Further Investment in Somers Ltd
Document 121KB
Date 07 Nov 2018
Title KeyTech Ltd & CellOne Create New Telecommunications Offering
Document 156KB
Date 07 Nov 2018
Title Touchcorp Ltd: Afterpay Holdings Ltd Listing on ASX
Document 237KB
Date 07 Nov 2018
Title Resolute Mining Ltd: Quarterly Activities Report
Document 1,198KB
Date 07 Nov 2018
Title Resolute Mining Ltd: Early Redemption of Convertible Notes
Document 1,901KB
Date 07 Nov 2018
Title Harlequin FC Bond: Invitation Brochure
Document 4,987KB
Date 07 Nov 2018
Title ICM and Food Ladder Partnership
Document 64KB
Date 07 Nov 2018
Title Stockdale Securities: Management Update
Document 242KB
Date 07 Nov 2018
Title School Enterprise Challenge: Annual Report 2015
Document 2,949KB
Date 07 Nov 2018
Title Resolute Mining Ltd: Half Year Results 2016
Document 789KB
Date 07 Nov 2018
Title Zeta Resources Limited: Interim Report
Document 792KB
Date 07 Nov 2018
Title Bermuda Commercial Bank: Annual Report 2015
Document 1,662KB
Date 07 Nov 2018
Title Somers Limited: Annual Report 2015
Document 1,546KB
Date 07 Nov 2018
Title Utilico Emerging Markets: Edison Review
Document 375KB
Date 07 Nov 2018
Title Resolute Mining Ltd Indaba 2016
Document 3,449KB
Date 08 Nov 2018
Title Infratil Investors Day 2015 presentations
Link visit
Date 08 Nov 2018
Title UEM wins Global Emerging Markets Investment Trust award
Link visit
Date 08 Nov 2018
Title Cohort Solutions Goes Global
Link visit
Date 07 Nov 2018
Title Bermuda First Investment Company: Annual Report 2015
Document 2,311KB
Date 07 Nov 2018
Title Utilico Emerging Markets: Interim Report
Document 326KB
Date 07 Nov 2018
Title Utilico Emerging Markets: Westhouse Report
Document 500KB
Date 07 Nov 2018
Title Ascendant Group Ltd: 2015 Six-Month Report
Document 1,146KB
Date 07 Nov 2018
Title Resolute Mining Ltd: Voluntary Debt Repayments
Document 2,370KB
Date 07 Nov 2018
Title Zeta Resources Ltd: 2015 Annual Report
Document 3,954KB
Date 07 Nov 2018
Title Utilico Emerging Markets Ltd Share Buyback
Document 104KB
Date 07 Nov 2018
Title KeyTech & Cell One to Combine Operations
Document 17KB
Date 07 Nov 2018
Title Resolute Mining Ltd: Preliminary Final Report
Document 1,012KB
Date 07 Nov 2018
Title Resolute Mining Ltd: Reserves & Resources Statement
Document 419KB
Date 07 Nov 2018
Title Panoramic: Savannah Resources Grow
Document 1,223KB
Date 07 Nov 2018
Title Ascot Lloyd PFP acquisition
Document 39KB
Date 07 Nov 2018
Title Resolute Mining Ltd: CEO Presentation at Diggers & Dealers
Document 2,701KB
Date 07 Nov 2018
Title Vix Technology wins $27 million contract
Document 370KB
Date 07 Nov 2018
Title 21 July 2015 Utilico Investments Limited Share Repurchases
Document 19KB
Date 07 Nov 2018
Title 17 July 2015 Utilico Investments Limited Share Repurchases
Document 19KB
Date 07 Nov 2018
Title 16 July 2015 Utilico Investments Limited Share Repurchases
Document 22KB
Date 07 Nov 2018
Title ICM announces sponsorship of the Bermuda Olympic Team
Document 278KB
Date 07 Nov 2018
Title Utilico Emerging Markets Annual Report
Document 1,999KB
Date 07 Nov 2018
Title Somers Ltd Financial Results March 2015
Document 560KB
Date 07 Nov 2018
Title Private & Commercial Finance Group Preliminary Results
Document 124KB
Date 07 Nov 2018
Title Resolute Mining Ltd: Underground Development at Syama
Document 862KB
Date 07 Nov 2018
Title Waverton: Appointment of new Chief Executive
Document 838KB
Date 07 Nov 2018
Title Zeta Quarterly Report
Document 508KB
Date 07 Nov 2018
Title Zeta Energy Offer for Pan Pacific Petroleum
Document 364KB
Date 07 Nov 2018
Title Touchcorp IPO
Document 6,512KB
Date 07 Nov 2018
Title Westhouse Appoints Andrew Crossley
Document 324KB
Date 07 Nov 2018
Title UEM Westhouse Brokers note
Document 978KB

Visit individual fund websites by clicking the company logo

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Somers Limited logo
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Pentagon High Conviction Bond Fund Limited