Hedge Funds

Davis aims for $5m winery overhaul


Laurus Funds partner Lloyd Davis is pushing for a $5.5 million upgrade to Sonoma Valley's famed Viansa winery. The venerable winery and adjoining vineyard previously belonged to Sonoma Valley's Sebastiani family. Laurus purchased the property in bankruptcy last year for some $40.5 million, going on to make Davis chairman of Viansa. The hedge fund manager's latest plan to inject $5 million into the property is intended to fund the expansion of the winery facilities and tasting center that doubles as a local tourist attraction. Davis oversees his hedge fund portfolio from the Viansa facility for six months out