`Wine continues to mature as an Asset Class`: Tranche to close for subscriptions, `average performance exceeds 2% growth per month across eight fully invested tranches`, Brian Hunter launches Solengo Capital in Calgary and Greenwich, Coming back from the dead, under strict supervision, Old Mutual launches Shariah-compliant hedge fund, Gottex offers portable alpha product, Lugano firm launches China-focused hedge FoF
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Opalesque Exclusive: `Wine continues to mature as an Asset Class`: Tranche to close for subscriptions, `average performance exceeds 2% growth per month across eight fully invested tranches`
Andrew della Casa, Director at The Wine Investment Fund, announced the 2007(1) Tranche of The Wine Investment Fund closes for subscriptions on 30 March 2007. This Tranche, the 2007(1) Tranche, is generating considerable interest from the global financial media not only in Europe and North America, but even in Russia and Scandinavia.
“As we predicted four years ago, wine investment is becoming more mainstream. From all the recent media attention and the fact that new wine funds are seeking to copy our approach, it is clear that our message is now being understood by a wider audience.
We are excited about the way in which the wine investment market is developing and our investment philosophy ensures that we continue to take advantage of stock that we believe capable of doubling in price within 5 years. Our average performance exceeds 2% growth per month across our eight fully invested Tranches. We feel this performance appropriately endorses our investment philosophy.
In recent years there has been a polarisation towards so called 'trophy wines' and we have bought many of these wines, inexpensively, for our existing portfolios. We are very pleased with their performance to date but now feel that these ‘favourites’ may be approaching a high ceiling plateau. Their...................... To view our full article Click here
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