Despite being held midweek during half term, ‘An Exploration of Alternatives’, hosted jointly by The Stanley Gibbons Group and GoldMoney on Thursday 25th October, saw the island’s Trust and Fund Managers gather at the Grand’s Champagne Bar and Grand Hall to investigate alternative investment options.
Presentations on rare stamps, gold and wine were given by Keith Heddle, Global Investment Director at Stanley Gibbons, Alasdair Macleod, Head of Research at GoldMoney and Patrick Delafield, Wine Expert and non-executive director of GoldMoney before guests indulged in a professional wine tasting, organised by Delafield.
A raffle was also held on the night with the following prizes:
A framed Penny Black sponsored by Stanley Gibbons
Winner: Andrew Lewis, Managing Director of Image
Gold Sovereign sponsored by GoldMoney
Winner: Phil Austin, JFSC
Port sponsored by Patrick Delafield
Winner: Ken Corbin, Private Investor
Dinner sponsored by The Grand
Winner: Deon de Klerk, Head of International Private Clients, Standard Bank.
“The market slump of 2008 has left the traditional asset landscape looking increasingly uncertain and financial professionals are now increasingly recognising the importance of alternative assets in portfolio strategy”, said Stanley Gibbons Global Investment Director, Keith Heddle.
Uncorrelated assets such as rare stamps, wine and gold have shown impressive performance during the financial crisis, with rare stamps showing steady cumulative growth of around 10% pa.
Category: Finance & Business