Bacchus Partners LLC | Fine Wine Funds

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Investment Philosophy

We will use our expertise to locate, purchase, and manage an inventory of some of world’s finest wine for investment purposes. We will use traditional portfolio management techniques coupled with our knowledge of fine wine to invest in wines that we believe will rise in value over time. We believe this disciplined approach can provide long-term capital growth for our partners.

We will invest in both En Primeur (futures contracts for wine still maturing in the original vintner’s production casks) and bottled wine across all bottle sizes. We will purchase directly from the vintner, from negociants (agents of French Chateaux), merchants, brokers, importers, wine exchanges, auctions and private collections. We make these contacts in person and through the Internet.

Fund l

The Fine Wine Appreciation Fund – 1, LLLP was closed in October 2008.

	2Q09	1Q09	4Q08
% Invested	73.9%	70.0%	36.0%
ROI Quarter	4.3%	18.5%	8.6%
ROI since Inception	34.2%	28.7%	8.6%

Documents and Archives...

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Mike's Corner

Posted August 17, 2009 - We had a successful initial closing on Fine Wine Appreciation Fund-2 a few weeks ago, so it is up and running. We’ve made a couple of small buys for FWAF-2 already and it owns some terrific old Burgundies, including 1966 DRCs, some great white Burgundies—Coche-Dury Corton-Charlemagne, Domaine Leflaive Montrachet, Comtes Lafon Meursault, some classic Bordeaux, including several cases of 1982s OWC, and some great California OWCs of Screamers, Harlan, Bond, Jonata, Dominus, and Shafer Hillside Select.

If you are looking for a fun wine to close out the Summer with, I recommend Kitchak Cellars 2008 Scherzo Rose of Cabernet. It is a terrific summertime wine with significantly more complexity than your run-of-the-mill Rose. Refreshing and interesting, a great summertime combination!!!

The fine wine market is taking the month of August off, while the stock market is starting to give back some of the bear market bounce. The Fall auction market promises to be interesting!!!

Good hunting!!!