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COPYRIGHT 2004 Financial Times Ltd.
(From Funds International)
There is good news for investors who have tired of the traditional asset classes offered by the fund management industry. From February next year they will be able to diversify their holdings into fine art thanks to two new funds oriented toward fine art and aimed at wealthy investors, to be launched by New York-based Fernwood Art Investments (FAI).
While the US Securities & Exchange Commission (SEC) preclude the publication of exact details yet, FAI says the two funds, which are targeting investments totalling $50 million each, will initially be open only to institutions and...
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