Mon, Feb 26, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Elite Advisers launches fund to stand the test of times

Monday, October 18, 2010

From Precy Dumlao, Opalesque Asia:

Luxembourg-based Elite Advisers S.A. wants to prove that time is indeed precious with the launch of Precious Time, a new fund dedicated to preserving rare vintage watches, which is expected to generate an annual 15% returns.

Elite Advisers said in its recent fund fact sheet that collectors of vintage watches have known for years that timeless precious watches provide safe havens for their investments and collecting them is a valid form of alternative investment that has little correlation with other assets.

The fund’s objective is to generate optimal capital gains over the medium to long term by purchasing, holding and selling rare collectors’ watches, principally Patek Philippe.

Unlike the financial markets, the prices of vintage watches are determined solely by demand for luxury goods, for which the already limited supply will continue to shrink. It added that the collectors’ watch market is a relatively new market (established around 25 years ago).

This is the first open-ended Luxembourg investment fund dedicated to vintage watches, and it invests especially Patek Philippe, Breguet, Rolex, Cartier, Audemars Piguet and Vacheron Constantin. Managed by Alfredo Paramico, the fund aims to build a 400-strong portfolio of watches, including both unique collec......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Art & Motion launches collectible car alternative investment vehicle[more]

    Komfie Manalo, Opalesque Asia: Luxembourg-based Art & Motion has launched a new investment vehicle dedicated to vintage cars and exceptional high-quality vehicles as this collectible market has grown exponentially the turn of the centu

  2. Opalesque Exclusive: Global Sigma captures February's long-vol trade[more]

    Bailey McCann, Opalesque New York for New Managers: Florida-based Global Sigma rode February's volatility to new highs. The firm's AGSF strategy is up +2.8 percent through February 16 and +4.2 percent YTD a

  3. Institutional Investors - Hedge funds regain their appeal for a $57 billion asset manager, Private credit strategies in stratosphere[more]

    Hedge funds regain their appeal for a $57 billion asset manager From Bloomberg.com: With volatility back on the radar, one of the Nordic region's biggest asset managers is considering relying a bit more on hedge funds to help oversee his portfolio. Mikko Mursula, the chief investment off

  4. Investing - All aboard for hedge funds as trade tide lifts shipping, Hedge funds pile into Time Warner in bet on merger success[more]

    All aboard for hedge funds as trade tide lifts shipping From Reuters.com: Forced to abandon ship after mistiming their investments five years ago, hedge funds are venturing back in a bid to profit from growing global trade flows. Around 90 percent of traded goods by volume are tran

  5. Investing - Hedge funds turn short on tech just as stock rally takes off, After biggest short, speculators slash bearish US bond bets as supply deluge looms[more]

    Hedge funds turn short on tech just as stock rally takes off From Newsmax.com: A key group of investors has just missed out on the biggest tech-stock rally since 2014. Hedge funds and other large speculators turned net short on Nasdaq 100 Index futures for the first time in 21 months, ac