Venulum, BVI-registered private wealth management firm, which is conducting multinational business and has been recently named third among all mortgage backed arbitrage funds in all jurisdictions, now has announced the expansion of its Toronto operations on Canada’s equivalent of Wall Street – alongside the world’s leading financial institutions. The BVI group has doubled its office space in the Royal Trust Tower, which is part of the Toronto-Dominion Centre, which is considered to be the most important financial centre in the country, home to some of the world’s most established and respected financial institutions including Price Waterhouse Coopers & Deloitte and Touche.
Richard Lowden, CFO & Senior Vice-President of the Venulum Group, said that the business growth, which is going on despite the current economic climate, became the reason for the expansion. BVI company’s property and wine investments are holding up well, and it was noted by the Chairman of Venulum concerning Venulum’s property that the company is “entering a period of great opportunity to acquire some bargains in the property markets, and Venulum is constantly being offered distressed sales from cash-strapped developers.”
Also, Mike King, Director of Venulum En-Primeur and Wine Investments Limited, commented on Venulum’s Wine fund, saying that although there were no new investments into the fund during the last quarter, it was a very successful period as the share value rose by over 6%.