New wine fund launched by Ingenious
January - UK investment house Ingenious has launched a new wine fund to succeed its first which closed in July last year according to Annabelle Williams writing for City Wire. The Vindemia 2 EIS fund is targeting average annual post-tax returns of 22.7% with the help of stock picker Peter Lunzer, who is to act as the principal wine trader for the fund. IAccording to City Wire Ingenious is looking to raise £10 million for the new venture, as it closed its former wine fund, the Vindemia EIS fund in the summer of 2011. Read more
