Mon, Feb 20, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Classic car fund launch supports growth in alternative asset investing

Thursday, April 11, 2013

Beverly Chandler, Opalesque London: Ultimate Classic Car Fund Capital Management LLC has announced the launch of the newest entry into alternative investments with its Ultimate Classic Car Fund LP and plans to raise up to $120m for investments in classic cars. The southern California-based fund is planning an aggressive campaign to acquire investment grade classic cars starting in the first quarter of 2013.

The fund launch comes against a background of growth in alternative asset investing with McKinsey reporting that investment in alternative assets has more than doubled between 2005 and 2012 to more than $6.5tln, far outstripping growth in traditional asset classes.

Tangible alternative investments are further supported by Touchinvest LLC, which has added a new platform providing what it describes as "provocative content, community and experiences for new and active investors in real assets, such as art, wine, collectible cars, watches, horses and gems." The firm says "investment in the asset classes covered by Touchinvest are a critical component of the emerging alternative investment landscape. But Touchinvest also recognizes that investment in real assets and investment-grade collectibles can be complicated by imperfect information, and swayed by personal passion and status-seeking."

The Ultimate Classic Car Fund will purchase its assets prim......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. With $54bn in assets, Philippines is ready for hedge funds, alternative investment products[more]

    Komfie Manalo, Opalesque Asia: With the country's outstanding fund management industry at $54bn and growing, the Philippine market and its investors are ready to invest in "more sophisticated" asset management products, like hedge funds and alternative investments, said Deanno J. Basas, presi

  2. SoftBank to buy Fortress Investment for $3.3bn[more]

    From Reuters.com: Japan's SoftBank Group Corp on Wednesday said it has agreed to buy Fortress Investment Group LLC for about $3.3 billion, looking to add investment expertise as it prepares to launch the world's largest private equity fund. The all-cash deal is SoftBank's first major investmen

  3. ...And Finally - Truth in advertising[more]

    From Newsoftheweird.com: Girl Scout Charlotte McCourt, 11, of South Orange, New Jersey, saw her sales zoom recently when she posted "brutally honest" reviews of the Scouts' cookies she was selling -- giving none of them a "10" and labeling some with dour descriptions. She was hoping to sell

  4. Europe - Brexit - Updated legal guide, Euro exchange rates set to tumble as hedge fund's super computer predicts Marine Le Pen will be next French president, Swiss fund market hits all-time high[more]

    Brexit - Updated legal guide From Herbertsmithfreehills.com: When we began analysing in depth the possibility of Britain exiting the EU (Brexit), 18 months prior to the June 2016 referendum, the business consensus was very much that Brexit was a remote prospect that either would never hap

  5. People - Gramercy appoints Bradshaw McKee as managing director of Capital Solutions, Trump taps Cerberus's Feinberg to lead intelligence review[more]

    Gramercy appoints Bradshaw McKee as managing director of Capital Solutions Gramercy Funds Management LLC, a $5.8 billion dedicated emerging markets investment manager, today announced the appointment of Bradshaw McKee to the position of Managing Director, Capital Solutions and Distressed