The Artemundi Global Fund, a new private investment fund run by Artemundi Management, has been launched in the US - reflecting rising interest in art as an asset class.

The investment objectives are to preserve capital and seek capital appreciation with a focus on a diversified portfolio of fine art objects by recognised artists.

An unusual aspect is that investors will have the opportunity to display the fund's artwork in their homes or offices on a revolving basis. They will also be given the opportunity to learn more about the art of collecting and the art in their fund through lectures, monographs and the expertise of the fund managers.

The portfolio for the fund will be diversified between three collections ranging from old masters to post-war and contemporary art. The majority of the capital will be invested in paintings from the late nineteenth century, including Impressionism, Post-Impressionism and Modernism. A $150 million maximum total subscription for the fund has been set.

All of Artemundi Global Fund's administration and coordination will be conducted by reputable institutions such as Alter Domus, KPMG, Kirkpatrick & Lockhart P.G. Ellis, Sanchez-Medina, Gonzalez & Quesada, and Lloyds of London.