In vino veritas as leading Spanish fund surges on Rioja epiphany

MADRID: The man beating most Spanish equity managers has a table wine to thank for one of his best investment ideas.

Ivan Martin was touring Spain’s Rioja province with his family when he noticed that locals ordering red wine at taverns in the sun-soaked towns by the Ebro river would just say: “Give me an El Coto.” Impressed by the strength of the brand, he picked up a bottle and saw it was produced by then little-known Baron de Ley SA.