Friday, 29 August 2014
Last updated 7 hours ago
May 23 2008 | 2:00am ET
A London art hedge fund has enlisted the services of a heavy-hitter in the world of contemporary art as an adviser.
The Art Trading Fund, which calls itself the world’s first “regulated fine art hedge fund,” will employ the services of famed art collector and advertising mogul Charles Saatchi in making contemporary art buys. Saatchi, known for popularizing the works of the so-called “Young British Artists” such as Damien Hirst, will advise on buying works by Western, Chinese, Indian and Middle Eastern contemporary artists.
The firm’s second fund is hoping to raise £50 million (US$98.6 million) by the end of the year. It is domiciled in Guernsey, in the Channel Islands.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...