National Post- In the face of a spectacular run-up in global markets, savvy investors are plunking down dollars in more unconventional assets. And, in some cases, they are using complex, perhaps daring and dangerous, methods to maximize their bucks.
Take art, for example. Investing in this exotic and illiquid market is nothing new. But cobbling together an art hedge fund adds a new twist, and it is the exclusive domain of Art Trading Fund, an outfit halfway through a ?25-million ($53-million) fundraising drive. Roy Petley, an artist who counts the late Queen Mother among those who have bought his work, is on the five person team working on this new fund.
Combine Mr. Petley’s art smarts with the calculating approach of a more traditional risk arbitrageur, Chris Carlson, and the art world has a new beast scouting galleries and trading derivatives to offset risk.
