A Guernsey-domiciled fine art hedge fund has been launched.
London-based Artistic Investment Advisers’ Art Trading Fund is a three-year closed ended vehicle – a cell of Art Investment PCC. It launched on the Channel Islands Stock Exchange (CISX) and is expected to close at the end this year having raised £25m. The Art Trading Fund is like a mutual fund, except it buys and sells art instead of stocks. It is aimed at investors who want to diversify their investment portfolios. What particularly distinguishes it from previous art funds is the Art Trading Fund’s strategy of buying put options (options to sell at a fixed price) on stocks that are believ...
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