Yieldstreet, an alternative investment platform, said Friday that it's launching an Art Equity Fund to give investors an opportunity to invest in physical art.
The fund will allow them to invest a diversified pool of blue-chip and mid-career postwar and contemporary artworks, including pieces by George Condo, Keith Haring and Kenny Scharf.
Future Yieldstreet fund offerings are expected to partner with prominent experts across the art market and include a range of focuses, periods, genres and artists at various stages of their careers.
Since its founding in 2015, Yieldstreet has funded more than $2.4 billion of investments across a range of alternative asset classes.
New chief executive Rich Steinmeier replaced Dan Arnold on October 1.
The global firm is navigating a crisis of confidence as an SEC and DOJ probe into its Western Asset Management business sparked a historic $37B exodus.
Beyond returns, asset managers have to elevate their relationship with digital applications and a multichannel strategy, says JD Power.
New survey finds varied levels of loyalty to advisors by generation.
Busy day for results, key data give markets concerns.
A great man died recently, but this did not make headlines. In fact, it barely even made the news. Maybe it’s because many have already mourned the departure of his greatest legacy: the 60/40 portfolio.
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