Investing in wine: Altamount Capital reaches Chandigarh to guide investors

File Photo  

New Delhi: Altamount Capital Management, India's most prominent and respected multi-family office, recently conducted a high-profile event at Taj Chandigarh, to educate investors on how to identify and invest in good wine by putting a price tag to it. The event was attended by eminent personalities including industrialists, socialites and members of the wine club.

“We endeavour to bring across unique investment opportunities which are not ordinarily found in the market place and hence have a propensity to generate alpha for our client’s investments. Wine is one such opportunity. It fit in perfectly for our launch into Chandigarh. With this event, we also announced our launch in Chandigarh," says Hena Nagpal, Managing Partner at Altamount Capital Management.

Altamount Capital partnered with Amphora Portfolio Management, a specialist in wine investment, for this service. Amphora builds, manages and stores fine wine portfolio for collectors, investors and enthusiasts. They have a professional team having enviable wealth of knowledge in wine investment.

(The event was attended by eminent personalities including industrialists, socialites and members of the wine club.)

According to Altamount Capital, the demand for fine wine is growing at a significant rate in Asian countries including India and China. The older generation in India favoured beer and whisky, but the younger generation is becoming more and more knowledgeable about wine – it is nothing short of a cultural revolution. But the import duty on fine wine is very high at 160%, which does not favour fine wine connoisseurs and collectors. Amphora, however, stores its client's wines in London. Storage is critical when it comes to fine wines. Even the best investment-grade wines lose their value if not stored properly.

Amphora estimates the global size of the fine wine market to be approximately 4.5 billion pounds, and long term returns on the benchmark index - the Liv-ex 100 Fine Wine Index, which tracks the value of the 100 most regularly traded investment grade wines – is just under 11%. 

Amphora’s aim is to generate returns in excess of 15% by way of fully managed portfolios, thereby doubling invested funds in 5 years. The Liv-ex 100 Index is quoted on Thomson-Reuters and Bloomberg. Fine Wine continues to be one of the most secure global investments.