Not just stocks! NRI hedging portfolio with vintage wine, sneakers and Buffett-signed notes
An NRI money manager, who runs a US-based hedge fund, has diversified even in paintings, vintage wine, sneakers and dollar bills signed by none other than Warren Buffett and Charlie Munger. The Macallan money manager, who handles over $300 million, keeps the allocation small at around 5 per cent in such collectibles because there is no liquid market for these assets, hence it’s hard to find things to buy in the first place.
