Mon, Apr 23, 2018
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. Investing - Sequoia takes Facebook stake as shares slide in data controversy, $1.4b hedge fund sees intact fundamentals for Facebook, Jim Cramer reveals some 'suggested hedge fund trades' amid the Trump tariffs[more]

    Sequoia takes Facebook stake as shares slide in data controversy From Bloomberg.com: The $4.2 billion Sequoia Fund bought a small position in Facebook Inc. as the stock slid late in the first quarter, investment manager Ruane, Cunniff & Goldfarb told clients. "The recent controversy enab

  2. Activist Investors - Blue Sky-owned Wild Breads faces uncertain future[more]

    From AFR.com: A Blue Sky private equity investment in artisan-style baker Wild Breads enjoyed multiple valuation upgrades despite losing millions and breaching its lending covenants, accounts lodged with the regulator last week show. Wild Breads lost $2.4 million in 2017, but Blue Sky ascribed a hig

  3. Opalesque Exclusive: Barnegat to close hedge fund to outside investors on weak opportunities[more]

    Komfie Manalo, Opalesque Asia: Bob Treue's Barnegat Fund Management said it is closing its $666m fixed income relative value hedge fund to outside investors. "The negative side to gains in Fixed Income Arbitrage is that unless we find new opportunit

  4. Investing - Hedge fund makes a big bet on malls, British hedge fund manager Odey short UK government bonds on QE bet[more]

    Hedge fund makes a big bet on malls From Barrons.com: The dominant narrative on American shopping malls is that they're dead. Crushed by Amazon.com, many brick-and-mortar retail stores are destined for bankruptcy. And where is the most retail, clustered all together? Malls. From a

  5. Performance - Hedge funds suffer first back-to-back loss in two years, Netflix performance burns hedge fund short sellers, Macro hedge fund up 14.5% in first quarter sees dollar falling, Renaissance Technologies rebounds across hedge funds in March[more]

    Hedge funds suffer first back-to-back loss in two years From Bloomberg.com: Hedge Fund returns sank for a second straight month in March, the first back-to-back loss since the first two months of 2016, as trade wars, tech-sector woes and a Fed rate hike dragged down the S&P 500 from its