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Whisky Fund Plans to Liquidate Assets After Beating Cash Target

Production At Pernod-Ricard SA's Jameson Irish Whiskey Plant
Photographer: Aidan Crawley/Bloomberg

Cheers! A fund that aims to make money out of rare malt whiskies has closed after exceeding its money-raising target.

The Whisky Investment Fund, launched in Hong Kong three years ago, set out to attract $10 million but ended up with commitments worth $12 million from 50 private investors around the world.