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AAA welcomes New Rare Coin Fund
A new alternative investment fund, which focuses on rare coins, has been welcomed by AAA.
The fund is being launched by several rare coin enthusiasts, together with a wall street fund manager, who together have formed Certified Assets Management International (CAMI) in order to launch their rare coin product.
The fund managers will help investors to manage their coin and precious metal purchases and will also launch a fund worth $250 million, invested in the market. One of the experts involved in the fund is Robert L Higgins, who managed a rare coin fund in the past, successfully generating returns of 17 per cent. Higgins told press: "Certified Assets Management has a proven track record of over a decade of successful rare coin funds management.”
He added, “This is an excellent time for the numismatic market and Wall Street to do it the right way.”
AAA’s analysis partner, Anthony Johnson agree with Higgins, arguing that now was a great time to launch alternative funds as the appetite for alternatives was enormous thanks to the ongoing volatility of the stock markets.
Another spokesperson for CAMI explained, "The investment community has a need for alternative investments that are truly uncorrelated with traditional investments. Using rare coins as an asset class and investment vehicle provides an opportunity for investors to diversify their investment portfolios.”
AAA is a supporter of alternative investments as a way to direct investment cash into ethical and more productive directions, while offering investors the chance of diversification and strong returns. Mr Johnson added, “We are mainly on the side of environmentally and socially responsible investments, such as the forestry plantation scheme offered by firms like Greenwood Management in Brazil.”
About Alternative Asset Analysis:
The remit of Alternative Asset Analysis is to analyse and provide news on the global performance of a wide range of alternative asset classes including, but not restricted to, commodities, real estate, forestry, foreign exchange, hedge funds, private equity and venture capital.
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