{"id":5467,"date":"2006-12-28T00:00:00","date_gmt":"2006-12-28T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"wine-and-hedge-funds","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2006\/wine-and-hedge-funds.html","title":{"rendered":"Wine and Hedge Funds"},"content":{"rendered":"

HedgeCo.Net (New York) – Aside from the hedge fund millionaires investing in the land rich wine making lifestyle, a new trend is now being seen among hedge fund investors in the buying of premium wines. Merryl Lynch noted the surge in wine investment in their 2003 World Wealth Report, which found that the rich were devoting 13% of their assets to so-called alternative investments. The category also included art, hedge funds, and foreign exchange.<\/p>\n

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Peter Meltzer, author of the recently published “Keys to the Cellar: Strategies and Secrets of Wine Collecting,” said in an interview with Reuters that six magnums of Domaine de la Romanee-Conti sold earlier this year for $170,375. “There has been a phenomenal growth in the collection of premium wines,” said Peter Meltzer, the caretaker of the Wine Spectator index, a gauge of the most frequently sold premium wines, mostly Bordeaux and Burgundies. A single bottle of Chateau Latour 1955 sold with commission for $28,440. <\/p>\n

Wall Street wine mavens interested in purchasing a Burgundy vineyard or expanding their investments, have the opportunity to invest in the some 105 million bottles of chardonnay white wines and 75 million bottles of pinot noir reds produced annually. There are about 4,000 \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cdomaines\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d and 59 types of soil beneath the Cote d\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2Or\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s 50-kilometer (31-mile) stretch. <\/p>\n

It seems however, that buying a bottle of the stuff is less risky than trying to go for buying the vinyard \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cOwning a domaine is a venture capitalist\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s dream, high in risk and if the weather is good and you\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2re really lucky, you might make a 4 percent return. But owning a domaine is the greatest lifestyle imaginable.\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d Says Wasserman, a vinyard owner in his own right. <\/p>\n

It takes three years after the first harvest for the wine to be ready for market,\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d says Wasserman, who has been a Burgundy wine trader for 40 of his 62 years. \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cYou\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2re not making a cent for three years, and then your buyers must wait a minimum of three to four years after that before they can drink it. Perfection wouldn\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2t appear until the wine is six to eight years old\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u00a6..The land will cost you $6 million, and that will produce 90 casks of approximately 25,000 bottles of wine.\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d <\/p>\n

Alex Akesson
Contributing Writer
HedgeCo.Net
Email: Editor@hedgeco.net<\/a> <\/p>\n

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Be sure to check out our sister sites. www.hedgefundlounge.com<\/a>, www.hedgefundtools.com,<\/a><\/strong> and www.hedgefundemployment.com.<\/strong><\/a> <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

HedgeCo.Net (New York) – Aside from the hedge fund millionaires investing in the land rich wine making lifestyle, a new trend is now being seen among hedge fund investors in the buying of premium wines. Merryl Lynch noted the surge […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-5467","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5467","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=5467"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5467\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=5467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=5467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=5467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}