Archive for the ‘BVI Investment Funds’ Category

BVI-based GAM Trading II announces new leveraged fund version

Saturday, June 13th, 2009

The fund GAM Trading II – GBP 1.25XL, domiciled in the British Virgin Islands, enabled investors to benefit from 1.25x leveraged exposure to the performance of GAM Trading II, a portfolio of hedge funds. The underlying funds can trade currencies, fixed income instruments, equities and commodities, and will be able to take long or short positions and use futures and options. Usually the fund is holding 30 to 50 funds, and now it targets absolute returns of 8%-13% per year over three to five-year periods.

The BVI-registered fund invests mainly in systematic trading and global macro funds, but may also include a small allocation to other non-directional strategies. GAM Trading II, managed by the group’s multi-manager team, last year has generated an 8.6% return. Since its inception in 1997, the vehicle has delivered positive returns every year.

GAM head of UK mutual funds Martin Harrison has said in his comments that “the new leveraged fund is designed for investors with a strong positive view of GAM Trading II, who want to enhance their exposure for the same amount of capital. Minimum investment amount is £15,000, with initial charge of 5% and annual management charge of 1.7%.

London firm offers BVI-domiciled Modern Art Fund for Investments

Sunday, April 19th, 2009

The UK-based company Castlestone Management, which established the Collection of Modern Art fund, – a mutual fund registered in the British Virgin Islands,- has begun its marketing to foreign investors. The BVI fund was set for launch as eight-year art investment vehicle at the end of May. Now it is positioned as the only one currently available to individual investors at the low minimum investment requirement of $10,000, or £10,000, to attract investors from the U.K., Europe, Asia, Middle East and South America.

Castlestone said it has already secured $25 million for the BVI fund, plus another $25 million in commitments. The firm is going to create a diversified collection of museum-quality modern art including impressionist works, sculpture, post-war art, urban art and photography. Also, the firm is designed to run for eight years in order to get long-term returns, not a quick trading scheme.

Castlestone said, “The fund’s manager has been advising on modern art investment since 2000. We will be supported by representatives from top auction houses, dealers and artists themselves.” According to the firm’s information, current prospects for art prices look very good, as increasing urbanization around the world has led to a global boom in museum construction.

BVI-registered hybrid hedge fund launched by NY fund manager

Thursday, January 1st, 2009

New York fund manager Castlestone Management is going to launch a new fund, Defensive Equity, which is planned to invest in a mix of managed futures and equity indices. The fund is planned to be launched at the end of January, in the status of an open-end offshore mutual fund, registered in the British Virgin Islands.

Castlestone anticipates the 40% distribution in global equity indexes, and 60% in managed futures hedge funds. The firm noticed that in the last two years, investing in  managed futures was one of the few strategies which continued to return healthy profits to investors.

Castlestone currently manages US$700 mln of total assets gold bullion, precious metals, commodity, stock indexes, currencies and hedge funds.

BVI Group’s Master Fund ranked third by Bloomberg

Sunday, October 26th, 2008

Venulum Group, multinational private wealth management firm, registered and headquartered in the British Virgin Islands, has reported that its Master Fund is ranked third by Bloomberg among all mortgage backed arbitrage funds in all jurisdictions. Master Fund consists of BVI Group’s subsidiaries Venulum Property Investment Limited, Venulum LLC and Venulum Property Limited.

Venulum Property Investment produced the excellent returns and helped lift the overall performance of the funds. Giles Cadman, Chairman of the Venulum Group, explained that they “have an established team who utilise their skill and experience to create value.” By his words, the group is often criticised for not taking enough risk in the property market, but the last few months have shown that “markets can change and wipe out value very quickly.”

CFO of Venulum Group, Richard Lowden, said that as Venulum is a private company owned by a family trust, and investing on behalf of private individuals, the opportunities to compare its returns with competing funds are limited.

The funds of the BVI Group are privately held, so its listings are not in the public domain, but brokers and independent financial advisors who subscribe to Bloomberg have access to them. The process of registering company’s funds with Bloomberg involves due diligence that is carried out by Bloomberg on Venulum and the Private Placement Memorandums of the funds. Then, it is the responsibility of Group’s BVI administrator Folio Administrators Limited to update the monthly share prices.

Group’s SFO Richard Lowden is sure that the funds will hold up in the dowturn, because the company has taken the risk by focusing on the public sector housing market, and investing cautiously over the past two years, in expectation of the current downturn.