"Being able to offer our clients access to fast, available funding is a welcome addition to the services we offer to members of Cavex."
Cavex customers can access funds from Suros Capital to pursue further investment opportunities in adding to their collections or for any other purpose. Suros Capital will also now be able to refer their own wine investor clients to Cavex, should they wish to sell all or part of their portfolios and benefit from Cavex’s low commission fees.
Fine wine has increased in value on average 127% in 10 years, according to Knight Frank Wealth Report, making it a strong option for investors looking for growth opportunities outside of the usual routes. Also, according to Harpers Wine & Spirit, on the back of increased interest in wine following the pandemic, sales of global fine wine and spirits have increased, particularly with new, younger investors.
Stephen Maunder, founder and CEO of Cavex, said: “Being able to offer our clients access to fast, available funding is a welcome addition to the services we offer to members of Cavex. Suros Capital offers a discreet and highly efficient operation and with competitive interest rates, their short-term loans can be an effective way to leverage an existing investment.”
Charles Hodge, Suros Capital’s business development director, commented: “We’re delighted to be working with Cavex. This partnership provides a further level of expertise and benefits to our clients, allowing them to take advantage of the varied services Cavex offers its members and, of course, the beneficial use of its trading platform.”
