Established in 2003, with double digit annualised average paid out annual return  (net of fees), our client is the world's leading wine fund. Currently the manager has over £50m under management. The manager achieves lower volatility (typically less that 10%) through its own investment strategy, generating strong risk adjusted returns.

The Fund invests in, and holds, physical stocks of limited production, superior quality wines of very good to outstanding vintages from the Bordeaux region of France. Diversification is achieved by investing in a selection of producers and vintages and a proprietary model is employed to select wines considered most likely to increase in price over the investment term.

Wines are held in secure, professional wine storage facilities in UK government bonded warehousing and are insured at market value (subject to policy terms).

The Fund is an unregulated collective investment scheme as defined by FSMA and is therefore only suitable for eligible persons and sophisticated investors, high net worth corporate and unincorporated bodies and trusts, family offices and eligible counterparties and professional clients.

Investors may access the Fund either through a UK limited partnership (LP) structure or via a Bermudian mutual fund structure. The LP benefits from the wasting asset rule, and as such gains are exempt from CGT. Both structures collect subscriptions on a Tranche by Tranche basis, each Tranche having a 5 year life. The LP does not allow redemptions whilst the mutual fund allows for redemptions at will. The mutual fund may be ideal to be held in SIPPs.