The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Artful Play by Alternative Firm Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, August 12, 2004

Artful Play by Alternative Firm

by: Theresa Sim

Fernwood Art Investments plans on bringing art to the masses. The New York research and investment firm is slated to launch funds and other products based on investments in art in early 2005, reported Reuters on Wednesday.

Founder Bruce Taub said the funds' minimum investments would range from $100,000 to $5 million, reported Reuters. Fernwood plans on offering the funds at a "much lower price point" in the future. The products will not be mutual funds, said Michael Plummer, with Fernwood's New York office.

The funds will resemble mutual funds in structure, but will not be '40 Act funds, said Jennifer Winn, senior vice president of marketing at the firm.

Fernwood is also planning on launching "art partnerships" and other financial products, added Winn.

Recently, experts have developed market indices based on sectors in art, such as "[f]rench impressionists, Dutch Old Masters, 19th century European, for example. Similar to sectors within the equities market (e.g., technology, energy, health care) these move in and out of favor over time, providing new choices for the sophisticated investor," stated Taub in a Boston Globe editorial.

Other positive aspects of art as investments include low correlation with other assets and greater knowledge and data about art prices, stated Taub. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2024: Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use