Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Corked: wine fund liquidates

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 or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Boutique tapes: my business will never be sold

Boutique tapes: my business will never be sold

In the final part of our four part series we discuss consolidation and whether it's getting tougher for boutiques to survive.

Play Boutique tapes: are top managers better off at small firms?

Boutique tapes: are top managers better off at small firms?

In episode three of our series, boutique bosses discuss whether the best fund managers are more likely to thrive at smaller firms.

Play Boutique tapes: if you want a Ferrari, you have to pay for it

Boutique tapes: if you want a Ferrari, you have to pay for it

In the second part of our four-part series, boutique bosses are asked how they can justify the fees charged by active managers.

Read More
Your Business: Cover Star Club

Profile: how this boutique beat the big guns of wealth

Profile: how this boutique beat the big guns of wealth

This small west country offshoot of a local IFA scooped a 2018 Citywire award from beneath the noses of the national challengers

Wealth Manager on Twitter