Mon, Feb 20, 2017
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. With $54bn in assets, Philippines is ready for hedge funds, alternative investment products[more]

    Komfie Manalo, Opalesque Asia: With the country's outstanding fund management industry at $54bn and growing, the Philippine market and its investors are ready to invest in "more sophisticated" asset management products, like hedge funds and alternative investments, said Deanno J. Basas, presi

  2. SoftBank to buy Fortress Investment for $3.3bn[more]

    From Reuters.com: Japan's SoftBank Group Corp on Wednesday said it has agreed to buy Fortress Investment Group LLC for about $3.3 billion, looking to add investment expertise as it prepares to launch the world's largest private equity fund. The all-cash deal is SoftBank's first major investmen

  3. ...And Finally - Truth in advertising[more]

    From Newsoftheweird.com: Girl Scout Charlotte McCourt, 11, of South Orange, New Jersey, saw her sales zoom recently when she posted "brutally honest" reviews of the Scouts' cookies she was selling -- giving none of them a "10" and labeling some with dour descriptions. She was hoping to sell

  4. Europe - Brexit - Updated legal guide, Euro exchange rates set to tumble as hedge fund's super computer predicts Marine Le Pen will be next French president, Swiss fund market hits all-time high[more]

    Brexit - Updated legal guide From Herbertsmithfreehills.com: When we began analysing in depth the possibility of Britain exiting the EU (Brexit), 18 months prior to the June 2016 referendum, the business consensus was very much that Brexit was a remote prospect that either would never hap

  5. People - Gramercy appoints Bradshaw McKee as managing director of Capital Solutions, Trump taps Cerberus's Feinberg to lead intelligence review[more]

    Gramercy appoints Bradshaw McKee as managing director of Capital Solutions Gramercy Funds Management LLC, a $5.8 billion dedicated emerging markets investment manager, today announced the appointment of Bradshaw McKee to the position of Managing Director, Capital Solutions and Distressed