Investment in wines is not new. In fact those with expert knowledge of the best vintages and top chateaux of bordeaux have been exploiting this sector for hundred of years. Over the last quarter of a century Fine Wines have proved to be one of the most consistently stable, high yielding, low risk investments in the world.
Paula Golding started working in the financial services sector in 1978. She spent two years in direct sales before finding her forte in management. In 1995 she launched Premier Cru Fine Wine Investments Limited with her daughter Stacey-Lea Golding (see below). The establishment of this business followed two years spent researching the fine wine market and developing structured investment cellars, complete with a management system – something that was not available to investors in this sector at the time. She has successfully run Premier Cru Fine Wine Investments Limited concentrating on buying, advising and managing investment cellars and bringing this asset class to increasing prominence among diversified investment portfolios.
Stacey-Lea Golding joined the financial services sector by gaining licences with J Rothschild Associates at the age of just 19 in 1991. The following year she became aware of the potential of the fine wine investment market and, whilst continuing in employment, spent the period from 1992 to 1994 researching and developing the business that became Premier Cru Fine Wine Investments Limited. Since taking on their first client wine portfolio in late 1994 Stacey-Lea has devoted her fulltime energies exclusively to buying, advising and managing private investment cellars thereby helping make fine wine an accepted alternative investment strategy. Through Premier Cru Fine Wines Limited, Paula Golding and Stacey-Lea Golding have managed wine portfolios on behalf of individuals, trusts and other bodies and have been the primary investment advisor to one of the top companies operating in the wine market. They run regular exhibitions promoting Fine Wine investment and appear regularly in the National Press. They have an active and informative website and are featured widely in various publications, as well as being asked to write many published articles. As Investment Advisers to the Sub-Fund they will aim to source investments in the Fine Wine market that will maximise returns to the Sub-Fund at the same time monitoring the risk profile of the overall portfolio in the context of current and expected wine market conditions and trends.
The Investment Adviser may recommend selling Fine Wine investments held by the Sub-Fund if opportunities to realise profits are available or there are alternative Fine Wine investments available which the Investment Adviser believes will perform better than existing Fine Wine investments. In normal market conditions Fine Wine investments of the Sub-Fund will only be sold when the proceeds of such sales including any expenses is greater than the mid-price of these assets at the last Valuation Day. In circumstances where the Sub-Fund is a ‘forced seller’ of Fine Wine assets held by the Sub-Fund (to meet redemption requests or for any other reason) the prices that will be achieved are likely to be at the bid-price available at the time of sale.