Three 'Hedge Fund Guys' In Singapore Are Buying One Of The World's Most Famous Wine Publications

Three Hedge Funders Buying Stake In The Wine Advocate

Three 'Hedge Fund Guys' In Singapore Are Buying One Of The World's Most Famous Wine Publications

Wikimedia Commons/ winestem Robert Parker Robert M. Parker, Jr., who is one of the world's most prominent wine critics, is selling a "substantial interest" in his bi-monthly publication, The Wine Advocate, to three Singapore-based investors, The Wall Street Journal's Lettie Teague reported. These three Singapore investors, who were described in another Journal article as three "hedge fund guys" , remain a mystery. From the Journal: ...He declined to name his new investors but described them as "young visionaries" in the financial-services and IT fields who had presented him with a plan he couldn't refuse. "They love wine, but they also saw a great business opportunity," said Mr. Parker, who will become chairman of the new company and will continue to review the wines of Bordeaux and the Rhone for the newsletter. The investors will handle the financial operations of the pub...

Full article: http://www.businessinsider.com/three-hedge-funders-buying...

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