Angus Murray is the founder and head of the investment committee at Castlestone Management, sponsors of the Collection of Modern Art fund. Murray suggests a buy, hold, sell strategy for investments in post-war, deceased or non-producing artists with established reputations will deliver returns.
What are the assets under management of your art fund, Collection of Modern Art
At the end of May we were managing $28 million. This is increasing rapidly and we estimate we've added $4 million of assets since then. Around $22 million of our corpus, which was the initial capitalisation, is from the Castlestone partners -- recently all our fund-raising has been third-party money....
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