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Clew partners3/19/2023 Includes taking advantages of market inefficiencies, such as the price Things that have tangible underlying value," he said. Investment much like an allocation to gold, commodities, metals, and other "That's the case we've been making all along it's a real asset Investors started showing more receptivity to hard assets, Mota said. Were competing with the mattress as much as other asset classes." In 2010, "We went to market as first-time managers with a new assetĬlass in the worst economic downturn since the Great Depression," Mota said. Lock up their money for eight years," Mota said. Wasn't easy luring investors "during the downturn because people didn't want to "We don't have to worry about selling into a falling market." Yetīecause of the structure and the timing of their initial foray in 2009, it "It allows us to be more patient with the market," Clew said. The money invested isīasically locked up for as long as eight years, which helps managers ride out aĭecline. The Wine Trust is more like a private-equity fund. Is "about drinking." Unlike many wine funds that are structured as hedge funds, Wine enthusiast, and now has 600 to 700 bottles of his own. While at Credit Suisse (CSGN), Clew helped start the bank's advisory for wineries on mergers and acquisitions. His own collection has about 500 bottles, and he's partial to white Burgundy and white Bordeaux. Mota says his first stab at managing wine like other investments involved gathering a pool of $2 million to $3 million, with four friends, buying a lot of liquid assets and monitoring the potential return. It seeks wines with strong appreciation prospects after release, including Secure significant quantities for investment of the most sought-after producers. Not yet bottled - directly from negociants to lock-in lower prices and The fundīuys both physical wine and futures - wine that is made and in casks but Opportunity to take Wall Street-type disciplines and apply them to an assetĬlass that was largely devoid of that type of thinking," Clew said. Their firm TWT Investment Partners, which is based in Ridgefield, Connecticut, is in the process of raising as much as $50 million for the trust, the only private-equity-structured wine-investment fund in the US with a targeted amount of more than $20 million. He hooked up with former investment banker Timothy Clew, 40, an active collector of wine, and after sending out feelers, they began The Wine Trust in earnest in 2010. Then he saw a way to treat wine in a similar fashion. Mota, 38, had been evaluating more conventional investment opportunities at WallerSutton Capital in Greenwich, Connecticut, after leaving JPMorgan Chase (JPM)'s investment-banking unit. NEW YORK: Brian Mota didn't find it easy to give up the familiar turf of private equity for wine investing.
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