New Cask100 wine and whisky investment fund to launch

Cask100 is being officially launched this month and the fine wine and whisky investment fund will be regulated by the Bermuda Monetary Authority, its founders said. The $20m, closed-end fund is set to encompass a diverse portfolio of investment-grade wines and whiskies, said the firms, which together launched a similar fund for the art market in 2022.  Brian Ward, director of fine wine and whisky at Winston Art Group, told Decanter he expected a high proportion of the fund’s early investors to come from the US, where investing in wine and spirits as an asset class was still a relatively new concept. He will lead a valuation committee that is to work with independent experts to oversee appraisals and purchases of wines and whiskies. For spirits, the fund will include some casks [...] Voir l'article complet sur Decanter