and ) : C

Sunday, March 23, 2008

Hedge fund looking for £55m to invest in vintage guitars

The FT reports that a small London bank called Anchorage Captial is seeking investment to buy vintage guitars, having noticed that the Vintage Guitar Magazine price index "averaged returns of 31.6 per cent for the past 17 years". Anchorage is run by guitar enthusiast Thomas Byrne, who is also behind BJ & Byrne Guitars, a new company hoping to build guitars in Britain (actually, in a workshop on Denmark Street in London) and sell them for £500-£900. If anyone out there has £55m to spend on vintage guitars, just send me the cheque and I'll pass it on. (Thanks, Fabio)

No comments:

Post a Comment