Venulum Master Fund ranked third by Bloomberg
Released
on: October 6, 2008, 9:48 am
Press Release Author: Chris Pattison
Industry:
Financial
Press
Release Summary: Venulum’s Master Fund has risen up the
Bloomberg ranks to third place overall.
Press
Release Body: Venulum, a multinational private
wealth management firm, has reported that its Master Fund, consisting
of Venulum Property Investment Limited, Venulum LLC and Venulum
Property Limited, is now ranked third by Bloomberg across all
mortgage backed arbitrage funds in all jurisdictions.
The
excellent returns produced by Venulum
Property Investment helped lift the overall performance
across the funds. The performance was considered to be a strong
reflection of the group’s strength by Giles Cadman,
Chairman of The Venulum Group.
"We
have an established team who utilise their skill and experience
to create value," Mr Cadman explained. "In rising markets
it can be very easy to make strong returns, but when market conditions
deteriorate you need to have the ability to add value. We often
get criticised by our competitors in the property market for not
taking enough risk, but as the last few months have proved, markets
can change and wipe out value very quickly."
CFO
of Venulum Group, Richard Lowden, was instrumental in
the listing of Venulum’s funds with Bloomberg. "Venulum
is a private company owned by a family trust and we invest on
behalf of private individuals, so the opportunities to compare
our returns with competing funds are limited" he explains.
"When our administrators, Folio
suggested we register our funds with Bloomberg we thought it would
be a great opportunity. The listings are not in the public domain
because the funds are privately held, but brokers and independent
financial advisors who subscribe to a Bloomberg terminal have
access."
The
process involves significant due diligence carried out by Bloomberg
on Venulum and the Private Placement Memorandums of the funds,
and it is then the responsibility of Folio to update the monthly
share prices.
Mr
Lowden is confident that the funds will hold up well in the downturn.
"Our wine business is run by exceptional people who have
a very clear investment strategy to take advantage of price movements
and we have taken the risk out of our property business by focusing
on the public sector housing market and investing exceptionally
cautiously over the past two years, in expectation of the current
downturn."
About
Venulum:
The Venulum Group is a multinational private wealth management
firm headquartered in the British Virgin Islands. The Group manages
the wealth of high net worth individuals, and specialises in alternative
investments often not available to the general public. Venulum
helps high net worth individuals balance their portfolios.
The
Venulum Group was formed in 2002, and has expanded to include
offices in four countries, with service offices in a further two.
Since 2002 Venulum's client base has expanded rapidly, and now
has a substantial number of United States based clients.
Web
Site: http://www.letscreate.it/
Contact
Details:
PR Contact Details:
Chris Pattison
CJP Intelligent Marketing
53 54 Brooks Mews
London
W1K 4EG
UK
+44 (0) 20 74914443
2009
