Guitar Memorabilia Expert Joins The Guitar Fund Advisory Board

May 3, 2011 - PRLog -- Anchorage Capital Investment Management ("ACIM") announced today that Mr. David Brewis has joined the Advisory Board of their closed-end fund, The Guitar Fund.  Mr. Brewis is a Founding member and lead guitarist of the '80s pop band, The Kane Gang.  The band had great success in the 80s with a USA No.1 Dance Hit and a number of international Top 40 hits.

A long time vintage guitar collector, Mr. Brewis now concentrates on the sourcing of “memorabilia” guitars with his Rock Stars Guitars company, specialising in Jimi Hendrix, The Who, The Beatles, The Rolling Stones and many other classic rock acts.  Memorabilia guitars are those which have been owned and played by famous artists throughout their careers.  ACIM's CEO, Tommy Byrne added, "A guitar, having simply been owned by a famous artist does not necessarily make the cut for what we will invest in, within the memorabilia segment of the Fund.  We look for "Important" guitars within an artist's career, such as those which famous songs have been recorded on or recognizable on-stage tour gear."  

Collectibles as an Asset Class has been picking up a ot of steam over the past five to 10 years, as evidenced by the many Art and Fine Wine Funds as well as funds concentrating on Stamps, Coins and Antique Cars which have popped up over this past decade.  Since the Credit Crunch three years ago both institutional and individual investors are looking for safer proven investment strategies that don't rely on any of the derivative markets.  Also, the Collectibles market is essentially an asset backed one which helps to hedge against inflation.  Vintage Guitars is an interesting addition to this Asset Class because it has a proven track record of over 25 years of returning more than 22% per year.  The market is growing quickly with tremendous interest developing in BRIC nations, in particular.  

Even though the Fund will concentrate on vintage guitars with no memorabilia attachment, many vintage guitar models change hands for Hundreds of Tousands of Dollars, especially those made by Gibson, Fender and Martin, pre-1970.  The Managers of the Fund expect that many of the memorabilia guitars that find their way into their portfolio will be worth millions of dollars each at the Fund's exit.

Byrne added, "Mr. Brewis is in a unique position to advise the fund managers on all guitar categories and with a specific expertise in the Memorabilia sector.  He comes to us with a golden Rolodex  of Rock Star industry contacts developed over decades in the Business."

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