Art Market Monitor: Artemundi Winds-up First Fund

17% Net Annualized Return Over 5 Years

August 20, 2015 by Marion Maneker
August 20, 2015 by Marion Maneker

Javier Lumbreras’s first Artemundi closed in April and the results are now being published by the fund. There’s a perennial debate about the viability of art funds. And Artemundi is one of the few firms to make it through the cycle and report results:

Artemundi Global Fund (“AGF”), the art fund managed by Artemundi Management Limited (“AML”) finished operations on April 31st 2015, after 5 successful years. We are closing the final payments to our investors. We use the services of Deloitte. The fund closed a total of $161,365,136 in transactions with an average purchase price of $800,572 and an average sale of $973,406. AML had a total of 211M of AUM over the life of the fund, which is not to be confused with the dollar amount of art transactions.

The fund managed a diversified portfolio with an emphasis on Old masters, impressionist/modern, and post-war. To mention a few Alexander Calder, Wassily Kandinsky, Frida Kahlo, Pablo Picasso, Willem de Kooning, Diego Rivera, Henry Moore, Rufino Tamayo, Robert Motherwell, Vik Muniz, Georges Braque or Francisco Goya. We had a small portion of contemporary works because we believe that although they can be very profitable, they are also very volatile (high risk).

Read it on Art Market Monitor

August 20, 2015 by Marion Maneker
August 20, 2015 by Marion Maneker