The world’s first Alternative Asset Fund for Whisky Investments registered with the Monetary Authority of Singapore and managed by a Capital Markets Services licensed fund manager.
INVESTMENT OBJECTIVE
To create absolute, non-market correlated returns by the active acquisition, trading, arbitraging and value adding of select whisky assets and opportunities.
INVESTMENT STRATEGY
Trading and Arbitrage of Casks, Trading of Fine & Rare bottles, Identifying and capitalising on other opportunistic value gaps.
FUND FACTS
ISIN: SGXZ87171823
Target AUM [USD]: 50 Million
Target Annualised Return [%]: + 15
Hurdle Rate [%]: + 6
Term [years]: 3 + 2
ASSET ALLOCATION
The fund manager has identified a pipeline of whisky assets and projects valued at just over USD 50 million for immediate deployment of investor capital.
MACRO OUTLOOK
According to the Knight Frank 2019 Wealth Report, whisky has surged nearly 600% over the past decade outperforming scores of more traditional asset classes including gold and all major stock market indices.
The value appreciation of whisky has outperformed that of other popular luxury assets over the past decade, an upward trend that can reasonably be expected to continue into the foreseeable future.
ZICO ASSET MANAGEMENT INVESTMENT APPROACH
The fund manager is demonstrably capable of identifying and investing in undervalued whisky assets, and with unique buy and sell side access, insight and experience, deployment of capital is done on a diversified basis at below market valuation after which the positions are profitably exited on behalf of investors through a varied, asset-specific exit ecosystem
DISCOVERY:
data collection,
monitor industry,
gather anecdotes
ANALYSIS:
compare,
screen for value,
identify opportunities
INVESTMENT:
certify,
negotiate,
build position,
deploy capital
EXIT:
identify exit channels,
test market,
use momentum and
market timing
WHISKY INVESTMENT TRACK RECORD
The portfolio team has in recent years allocated limited capital towards select proof of concept whisky projects and achieved satisfactory returns.
Macallan Cask I
Acquisition: 12/2018
Exit: 05/2019
Strategy: Arbitrage
Annualised Return [%]: 62.3
Lagavulin Cask
Acquisition: 07/2016
Exit: 10/2019
Strategy: Trading
Annualised Return [%]: 23.7
Macallan Cask II
Acquisition: 12/2018
Exit: 07/2019
Strategy: Arbitrage
Annualised Return [%]: 92.6
Glenfarclas Pagoda
Parcel
Acquisition: 10/2018
Exit: 07/2019
Strategy: Trading
Annualised Return [%]: 31.0
ZICO Select Whisky Opportunities Fund I
FUND MANAGER
ZICO Asset Management Private Limited
ADMINISTRATOR
ZICO Trust Singapore Limited
REGISTRAR
The Monetary Authority of Singapore
TRUSTEE
ZICO Trust Singapore Limited
AUDITOR
KPMG
