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Bailey McCann, Opalesque New York:

A new trend in alternative alternatives is emerging - car appreciation funds. Classic Auto Funds Limited (CAF) is the first to market with several funds that make super elite luxury cars into real asset investments. As a result of growing overseas demand coupled with the limited supply of unique older vehicles, the returns on classic car investments have consistently outperformed the S&P 500, and even gold over the past 10 years.

Early inklings of this trend were reported in the 2011 book Better than Gold: Investing in Historic Cars which was written by Dietrich Hatlapa, a banker and the developer of the Historic Automobile Group International (HAGI) research organization and index. Work on the index has been meticulous, and done with the help of other former bankers from ING Baring Securities among others.

"Porsches, and Ferrari’s from the '70s have been rising steadily in value over the past several years outperforming the S&P500, and the value of these cars isn't likely to go to down," explains CAF managing director Robert P. Minnick in an interview with Opalesque. "There is a global market for these cars, people aren't driving them, they become like works of art. They invest in specialist restorations. But, doing the diligence work on this type of investment takes a specific type of expertise."

To that end, CAF first launched its Italian Resto......................

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