Looking to swap that Renoir for a Chagall and hedge your bet with a piece by Picasso? As commodities tank and credit woes persist, funds that trade in art may at last be finding their way into investment portfolios. “Investors have been turning toward alternative investments since the credit crunch — they’re seeking out assets that are real and tangible,” says Ruth Johnson, head of investor relations at the London-based Fine Art Fund (worth “in excess of $100 million” according to its managers).
