The Car Side of the Moon

by Derek Loosvelt | January 19, 2011

If you think stocks are lame, municipal bonds uncool, real estate a drag, you might want to give this fund a try: the IGA Automobile LP, "the first classic-car fund that's purely for financial returns, rather than passion," according to Nick Lancaster, an IGA director.

IGA -- which has enlisted auto enthusiast Nick Mason, better known as the drummer of psychedelic rock masters Pink Floyd, to help it identify four-wheeled investments -- "will aim to acquire a collection of between 20 and 40 trophy marquee vehicles with distinguished race or ownership histories." (Mason owns vintage cars manufactured by Aston Martin, Bentley, Bugatti, Jaguar, Ferrari and Porsche.)

Note: the fund requires a minimum of $500,000 to invest. And according to the IGA prospectus, "An investment in the fund involves a high degree of risk and is suitable only for those investors of substantial means who have no immediate need for liquidity of the amount invested, and who can afford a risk of loss of all or a substantial part of their investment."

That is, it's only for dudes who dig cars with cash to burn.

In other news, word is if you watch The Wizard of Oz on mute, it trippily syncs up with New York Mayor Mike Bloomberg's latest State of the City address.

Pink Floyd’s Mason Aims to Make 15% From Car Fund (Bloomberg)

Filed Under: Finance


Asia Hiring Trends via Cypress Legal Recruiting News round-up: January 19

Vault welcomes your views. Please stay on topic and be respectful of other readers. Review our User Guidelines.

blog comments powered by Disqus

Featured Companies

Become a Vault Basic Member

Complete your Vault Profile and get seen by top employers

SALARY FINDER

SALARY FINDER

Health Service Administrator

  • $0
  • 25
  • 50
  • 75
  • 100
  • 100+
Yearly Salary Range (US$ Thousands)