The Art Trading Fund strikes a deal with Saatchi; Meridian Art Partners goes into Emerging Market
Dealbook and The New York Times pick up this dispatch from The Art Trading Fund. They’ll be working with Saatchi to identify contemporary art and give him a share of the profits. But the Times is just scraping the lead from Scott Reyburn’s broader story on Bloomberg.com updating the progress of the $110 million fund. They’re making progress on their second fund and claim 9% returns after fees on their first quarter of trading.
Meanwhile, Meridian announces that they’re going into emerging markets looking for returns.