UK - Dresdner Kleinwort Wasserstein is to sponsor and co-manage a fine art fund which aims to invest £200m in paintings and sculptures.
The assets will be accumulated over a four-year period and then “slowly and strategically” sold back into the market over six to nine years.
The minimum investment for the London-based fund is set at £180,000.
The fund is launched at a time when the art price index of paintings has shown that art has outperformed both the Dow Jones and the Nasdaq over a two-year period.
The £14bn Railways Pensions Scheme is one of several key UK pension funds which has previously invested in art.
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