Artemundi Management launches private-investment fund for fine art works. In a reflection of rising perception of art as an asset class rather than a mere (though sometimes remunerative) collectible, Miami-based Artemundi Management has launched the Artemundi Global private-investment fund to preserve capital and seek capital appreciation with a diversified portfolio of fine-art objects by recognised artists.

Old masters

Investors will have opportunities to display the fund-owned artwork in their homes or offices on a revolving basis. They'll also get chances to learn more about the art and the business of collecting through lectures, monographs and access to the fund's managers.

The fund portfolio is divided into three collections: old masters, post-WWII and contemporary. Most of the capital will be invested in paintings from the late nineteenth century, including Impressionist, Post-Impressionist and Modernist works.

Artemundi Management will cap the fund at $150 million.

Administration and coordination of the Artemundi Global Fund will be conducted by institutions such as Alter Domus, KPMG, Kirkpatrick & Lockhart P.G. Ellis, and Lloyds of London.

Artemundi Management has invested more than $250 million in art since 1988. -FWR

Purchase reproduction rights to this article.