castlestones-angus-murray-talks-about-investing-in-art

Castlestone's Angus Murray talks about investing in art

Angus Murray of Castlestone Management says a focused investment strategy will deliver returns of at least 8% per annum for the art fund he manages.

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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