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."
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.
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