Founded February 2013 | Founders Dominic Khoo, Simon Poon | |
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The Watch Fund is an investment vehicle that gets returns for investors while they wear the very watches they invested in. The fund is based in Geneva, Hong Kong and Singapore.
Contents
Foundation
The Watch Fund was launched in February 2013 by watch expert Dominic Khoo and 7 other partners 2 of our newest board members include Korsak Chairasmisak and Michael Tay. Dominic Khoo was trained as a watch expert at auction house Antiquorum and recently started up the watch auction arm for British auctioneer Spink (previously owned by Christie’s). He was inspired by a Luxembourg-based firm that started a similar watch fund. Contrary to the initial idea, this fund hands over the investment-grade watches during the contract period. According to Yahoo! Finance, the fund’s total AUM currently stands at USD$31,000,000.
The concept
After an initial investment, the investor takes over beneficial ownership of a portfolio of watches including the papers and boxes. The fund offers access to limited editions, timepieces with special serial numbers and “provenance pieces” previously owned by celebrities or historical figures.
Financial Performance
According to Yahoo! Finance, Investors are told to expect a minimum return of 20% at the end of three years. Recent studies show that alternative assets such as classic watches, rare stamps and fine wines outperformed during the last decade. According to the Coutts Index, classic watches have almost tripled in price with an increment of 176% between 2005 and 2013.