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.