Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at http://citywire.co.uk/wealth-manager/article/a731189

Corked: wine fund liquidates

by Robert St George on Jan 31, 2014 at 16:29

Corked: wine fund liquidates

The Bordeaux Fund, an open-ended fund that invests in fine wine, is to wind up.

Andrew della Casa of Anpero Capital, the Bordeaux Fund’s wine adviser, told Wealth Manager that the fund had been hampered by the Unregulated Collective Investment Schemes regulations and had also suffered from costs dragging on performance.

The separate wine funds that Anpero Capital advises are not affected, della Casa noted.

Since its launch in 2008, the Bordeaux Fund has lost 58%. Wine investments have suffered particularly in recent months due to the strong pound, which has deterred overseas buyers from UK sellers, and from a supply glut while another wine fund, Nobles Crus, liquidates.

The most expensive holding in the fund is a bottle of Château Margaux, bought for £440,000. In total the fund’s portfolio is worth £2.1 million.

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Sponsored Video: Bringing it all back home


As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.

Today's top headlines

Investing for income in a changing environment


With talk on interest rates on the horizon, our latest roundtable debate covers income investing against a changing backdrop

More about this:

Archive

On the road

Click here to find out more from the Audience Development team.

Sorry, this link is not
quite ready yet