UK: Oracle Paradis Wine Fund hits $5 million in funds

(Spearswms) - The Oracle Paradis Wine Fund today announced it had hit US$5 million of funds under management, only 6 months after the fund’s launch.

‘This is a landmark achievement for a fund of this kind,’ said David Nathan-Maister, director of the fund and a former wine producer and expert on spirits. ‘It shows that, despite a turbulent market, a well-managed fund with a distinct and diversified approach can be very successful’.

The fund invests in world-class Bordeaux and Burgundy wines and rare collector’s wines such as early vintage port, 18th and 19th century Madeira and pre-Imperial era Tokaji. However, it is the inclusion of cognacs, primarily from the 18th and 19th centuries, and pre-1940 whiskies, that distinguishes the Oracle Paradis Wine Fund from its competitors.

‘Historically, the finest and rarest cognacs have had an honoured place in the cellars of serious wine collectors. In the last two decades, however, the Asian-led boom in fine wine has largely passed vintage cognac by,’ explains Mr Nathan-Maister.

‘As a result, a late 18th century or early 19th century cognac that would have been worth the equivalent of a case of Chateau Lafite 20 years ago, might today be worth no more than one or two bottles. We think this is an indication that the market is badly out of kilter’.

The Oracle Paradis Wine Fund has exploited this out-of-kilter market and made investments based on the notion that the historical relationships that have been valid for most of the last century will ultimately re-assert themselves.