Under the counter

Cheese and whineAs I'm sure you know by now, I am always happy to find out about what's going on at the more obscure end of the derivatives product spectrum. And I'm even surer that you know by now, I also have a particularly keen interest in anything to do with wine and, to a slightly lesser extent, its nibblesome companion, cheese. So it was with a heavy heart last week that I read about bad things happening in the world of wine and cheese derivatives. First up, an ongoing court case to recover a reported $25m that was passed into the hands of an outfit called Architects of Wine who then lost or sequestered it away in a wine futures trading scandal. While the name of the company reminds me of that old line that trying to write about music is a bit...