Art for art's sake

In order to succeed, funds that are taking advantage of the increasing interest in art investment must have a passion for art, not just money, as Sara Utecht reports

Investors are turning to the art market as they look for new forms of diversification within their portfolio and high returns, yet many hedge funds trying to get into this market are failing to get off the ground.

Acoris Andipa, director of the Andipa Gallery, says: "A lot of funds fail because they don't have enough art knowledge. As we are an art gallery we have a huge advantage: it's where we make our money."

He adds: "The reason some of these funds never get off the ground is because they look

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