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According to the latest Art Finance Report by Deloitte Luxembourg and ArcTactic, the Alternative Investment Fund Managers Directive (AIFMD) will help increase the attractiveness of arts and collectibles funds. The directive will draw together existing structures and simplify market distribution. Managers of investment funds will thus be able to broaden their range of structures by offering secure long-term investments. This development comes at the right time given that in China – so far the most promising market in terms of art – the market has been declining since 2012.
Out of an estimated 83 art funds worldwide, 58 have been set up in China since 2009. The global sector accounts for 1.62 billion USD in assets under management, an increase of 69% in 2012 (it...
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