Pink Floyd drummer launches classic car fund

Nick Mason, the Pink Floyd drummer, is teaming up with Ray Bellm, the former chairman of the British Racing Drivers’ Club, to launch a classic car fund in order to take advantage of the demand in rare marques.

The fund, called IGA Investment, plans to buy $150 million worth of classic cars and is targetting annual returns of 15%, and has a minimum investment of $500,000. The fund plans to acquire a collection of between 20 and 40 trophy marques with distinguished race or ownership histories.

IGA said it plans to buy classic cars like the Ferrari 250 GTO, Aston Martin DB4 Zagato, Ford GT40, McLaren F1, Shelby Daytona Coupe and Porsche 917.

Mason is an avid collector of classical cars with his collection containing cars by Aston Martin, Bentley and Ferrari.

Zurich-based family office of the Count of Custoza is also launching a new classic car fund, but is approaching it from a less elitist perspective, with a minimal investment of just €100.

“This is very much a non-elitist approach to investing in this sector,” says Filippo Pignatti, the fund manger behind the initiative. “We are also providing a platform for those looking to diversify their portfolios.”