Venulum 2008 Greenbrier Investor Conference a great success
on: October 3, 2008, 9:10 am
Release Author: Venulum
Release Summary: Venulum's September client conference held at
The Greenbrier West Virginia was a great success with over 40
clients and their partners of the Private Wealth Manager attending
from all across America.
Release Body: The Venulum September client conference
was held on Friday morning and set out to clarify Venulum's strategy
for 2009 together with a review of performance of the Mutual
Wine and Property Funds in 2008. Giles Cadman,
Chairman of the group, was pleased to announce the overall
returns for the Group had exceeded 15% in 2007 and was positive
about 2008-2009 in light of the opportunities presenting themselves
because of the deteriorating economic climate in the US and the
impact felt in the UK and Europe.
are well placed to take advantage of the weakening property market
in the UK as we have strong liquidity in the Property Fund,"
explained Cadman, "We have been waiting for three years for
the property market to cool so that we can acquire property within
our yield criteria of between 7% and 9%." The property team
are now analysing three opportunities where values have fallen
by over 50% in the past twelve months.
Spalding, Business Development Officer from Pensco
Trust Co was also a speaker at the conference. Pensco started
trading in 1989 in New Hampshire and are an independent custodian
of self directed IRA's, specialising in non traded assets. Rob
Spalding explained that as a regulated IRA custodian, Pensco are
independent and are never in conflict with investors' goals because
they do not sell investment products nor provide investment or
Pensco Trust, we combine proprietary technology, built specifically
to facilitate smooth, safe processing of investment transactions
with the greatest depth of in-house expertise in the industry"
explained Spalding, "Clients benefit from our expertise on
non-traditional IRA investing that comes from our singular focus.
We are proud of our philosophy of sharing this expertise with
our clients and prospects by providing free education on self
directed IRA investing."
Cann, Director of Folio Administrators
Limited was also on hand to answer specific questions
from clients throughout the weekend. Folio administers all of
the Venulum funds. Having been founded in 2001, they have grown
to be the largest fund service provider in the British Virgin
Islands, currently providing full administration services to over
130 funds with approximately $5.5 billion of net assets under
commented "We focus on tailoring our services to match individual
requirements by employing specialist, highly qualified accountants
and administrators. We utilize the best in fund administration
solutions with PFS-Paxus
second session of the Friday morning presentation focussed on
Venulum Wine Ltd and the different ways that Venulum invest in
wine. "Wine is an asset class that Venulum believe is perfect
for use in IRA and 401K investment vehicles," Giles Cadman
explained, "It can produce strong consistent returns as it
benefits from diminishing supply as it gets drunk whilst demand
increases as it improves with age." Venulum Wine Limited
has a team of experts and consultants who attend the annual tastings
in Bordeaux and Burgundy to unearth those wines they think will
provide the strongest investment returns. The company offers clients
the opportunity to invest with different levels of gearing, from
a straight forward full physical purchase to instalment contracts,
En-Primeur agreements or forward purchase agreements.
are already planning conferences for 2009 on the West Coast and
back at Greenbrier in the fall.
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.
Venulum Group was formed in 2002 and has expanded to include offices
in five countries with service offices in a further two. Since
2002 Venulum's client base has expanded rapidly, and we now have
a substantial number of United States based clients.
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