$150 Million Classic Car Fund part of the rush of Hedge Funds into Classic Car Investment
$150 Million Classic Car Fund part of the rush of Hedge Funds into Classic Car Investment
There has been a rush of Hedge Funds and Classic Car Funds into the Investment space of Classic Cars recently, with 3 new Funds having been launched in the last 3 months, following the creation of two funds in 2011.
The Classic Car Fund was launched in the United States in 2011, capitalising predominantly on European and British cars, and Filippo Pignatti is managing the fund. Peter Blond from Sotheby's Auctions is an Advisor to a wonderfully assembled group of experts in this field.
Another new Fund is known as Classic Auto Funds Ltd, and this fund has been capitalised with a main focus on the Italian Classic Cars such as Ferrari 246's and 330's. The Fund also offers Investors and Members of the fund the oppurtunity to participate in Classic Car Rallies, meetings, and other exciting events.
The PHD Classic Car Fund was then established in the U.K., and this Fund has commenced with a smaller cashpot, of just GB£2 - 2.5 Million. The fund is targetting Classic Cars of approximately £300,000, and is offering Investors the oppurtunity to drive these cars for a number of days per year, dependent upon the size of their Investment.