A far famed investment fund with a charging structure functioning under the ‘no win no fee’ principle was shut down as it fails to win over savers. Established in the first quarter of 2011 by Nigel Legge, a proficient and respectable stock picker, The Vinculum Global Equity faces its last days. An affair started by Legge collided with a major finance issue – the former Liontrust headman, the fund has managed to raise as little as 2.5m in euro. Therefore, an economically non-viable enterprise was subjected to a radical measure – shut down.
Three years ago, just when the fund was called into existence, financial experts spoke positively of the fee structure standing in fund service. Thus, Vinculum charged just 0.25pc annually, while a typical cost equaled 1pc per year for fund investments run by professional.
Additionally, Vinculum charged investors an extra of 20pc in case outperformance over stock is registered in comparison with the benchmark in the face of FTSE World Index. Legge explained the fees from a rational customer service point of view, saying that such action is way more reasonable rather than charging for underperformance. A savvy stock picker labeled the policy as a fund management evolution. Unfortunately, the evolution experienced a collapse as the fund contacts its investors, notifying of its closure.
The administrator of Vinculum, Peter Smith, in his letter to investors says that the fund is no longer economically viable, and the intention to shut down the fund is the only reasonable option available at the moment. Thus, February 10 was the day the fund stopped its functioning. It seems that Legge accepted the situation and make the decisive step to avoid possible financial accident claims. The state of affairs was previously studied in details at Solicitors Guru – one of the largest UK legal platforms.
Distillery industry requires particularly close attention to the quality of the components for spirituous beverages production, as well as the quality of glass containers in which they are bottled. The use of modern ultrasound technology allows achieving excellent results in containers cleaning that exceed any quality standards. Therefore, distillery companies can derive juicy benefits from using ultrasound equipment adjusted to particular demands.
Bottle washing machines allow solving one of the most crucial problems in distillery industry – inner surface of glass containers leaching under the influence of alcohol-containing product. This effect occurs because of poor quality glass surface, damaged by incorrect storage of container. Ultrasonic treatment of glass containers in a weak solution of hydrochloric acid at room temperature contributes to a full recovery of the glass surface, if the initial ratio of water resistance does not exceed 0.6 ml of 0.01 N HCl. The quality of the recovered surfaces is confirmed by storing alcoholic solutions for long periods of time under different climatic conditions.
Bottle washing machines – extra advantages
Bottle washing machines are also used for refillable containers cleaning. To remove the salt deposits in the bottle washing machines use acidic solutions, while removing a range of other contaminants implies using alkaline. Implanting ultrasonic cleaning in distillery manufactures contributes to a 100% increase in reusable packaging cleaning and a significant productivity growth.
Ultrasonic Cleaners can significantly intensify the process of extraction, resulting in rapid obtaining of high-quality extracts for the production of alcoholic beverages. An ultrasound effect on the extraction is achieved due to improved hydrodynamic conditions of the process and an increased temperature of the mixture. Another process optimization method lies in ultrasonic modules integration in existing equipment (percolators, extractors and tanks for infusion).
The process of ultrasonic cleaning is also used pharmaceutical, food and fertilizers production industries. Ultrasonic effect helps to retrieve various aqueous, alcoholic, oily solutions, crystalline substances, and thick dry extracts, syrups, pigments, aromatic solutions, disinfectants and etc.
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