Friday, 27 February 2015
Last updated 2 hours ago
Feb 26 2010 | 12:11pm ET
Tiger Management founder Julian Robertson has ensured that when an art museum in his home state reopens, a major hole in its collection will be filled.
The legendary hedge fund manager has donated a quartet of impressionist and modernist canvasses to the North Carolina Museum of Art in Raleigh, including a portrait by Pablo Picasso.
“These works, by major School of Paris painters, will both fill a gap in and beautifully complement the museum’s collection, enabling it to present more fully the story of the birth of modern art,” Larry Wheeler, the museum’s director, said.
The museum, which is to reopen in April after an eight-month expansion project, would not estimate the value of the paintings.
The Picasso, painted in 1952, is a nude portrait of one of his lovers, Françoise Gilot. The others include a pair of paintings of bridges, one by Alfred Sisley and another by Maurice de Vlaminck, and a painting of a fishing boat by Emil Nolde, a famed German expressionist.
Robertson was born in Salisbury, N.C., and went to the University of North Carolina at Chapel Hill, just up the road from Raleigh.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…