HK’s Whisky Fund announces valuation results

The Hong Kong Platinum Whisky Fund’s collection of single malts has been valued at US$5.65 million, representing an increase of 26% since its launch last year.

The Platinum Whisky Investment Fund has released details of its growing collection of old and rare single malt whisky, sourced from collectors around the world.

It currently looks after over 7,500 bottles of single malts, and as of 1 January the collection has been valued at US$5.65 million – representing an increase of US$1.15 million in 18 months or 26%.

The Fund was launched in June 2014 and has also raised a total of US$9 million in commitments from 37 private investors.

“The success of our capital raising has allowed The Fund to continue to seek out the very rarest and best stocks from a range of private collectors in the UK and across Europe,” said Rickesh Kishnani, CEO.

“The Fund’s strategy is to complete the deployment of committed capital in 2016 while also setting up distribution partnerships in key markets globally – Mainland China, Hong Kong, Macau, Taiwan, Singapore, UK, and UK) for an effective exit over the next five years,” he added.

Working alongside Kishnani is chief investment officer David Robertson, former master distiller at The Macallan and rare whisky director at The Dalmore.

“Using our combined industry knowledge and genuine love for whisky, we have built what we believe is the world’s finest, privately held collection of hand-picked, rare, single malt whisky, he said.

“I have personally inspected and authenticated every single bottle of our 7,500-strong collection, which is a carefully-designed mix of silent stills (closed distilleries), vintage bottles dating back to 1902, iconic whiskies aged up to 64 years and limited edition bottles from Japan.

“The collection has been created to ensure we have a diversified portfolio that will appreciate in value over time and appeal to connoisseurs, collectors and investors at the point of exit.”

This weekend, the Fund will also launch the 27 year-old Speyside single malt, Prometheus at the Malt Masters festival in Hong Kong on 27 and 28 February. This is the second release of The Glasgow Distillery Company’s Prometheus series, with only 324 bottles currently available in Asia.