Artist: Second Decay
Genre(s):
Pop
Discography:
Hotels
Year: 1999
Tracks: 11
Monday, 30 June 2008
Anchorage Capital Partners Ltd. Moves closer to Launching 'The Guitar Fund' to Invest in Rare and Vintage Guitars
LONDON, June 12 -- Anchorage Capital Partners ("ACP") (a
Mercantile Investment Group company) recently reported to the Financial
Times that it is preparing to launch a closed-end fund which will invest in
the rare and vintage guitar market. The US$100 million fund is to be listed
on the Channel Island Stock Exchange (CISX) in Euros for a 10-year term.
According to ACP, the vintage guitar market has comfortably
outperformed traditional markets ever since it has been tracked by an index
created by Vintage Guitar magazine in 1991. "The '42 Index' which is widely
accepted as a conservative tracking device for the vintage guitar market,
has demonstrated an average annual return of over 31% since it began 17
years ago," said Tommy Byrne, co-founder of ACP and Chief Investment
Officer of the Fund. He went onto say, "Historically, when the major
markets have collapsed, this market has plateaued until the traditional
markets picked up again."
Currently the Fund has a number of institutional investors interested
in subscribing for shares of the Fund in amounts between US$5 million and
US$10 million each, though this is contingent on finding a qualified Lead
Investor. Valerio D'Arco, a Senior Associate at ACP said "Most of the
interest we are seeing is being generated from the wealth management
divisions of private banks, family offices and fund of hedge funds. We are
also beginning to see more interest from High Net Worth Individuals who
want to take advantage of being able to invest some of their retirement
money into a listed security."
With many vintage guitar models trading well over US$250,000, ACP
doesn't see the market being driven up simply by the Baby Boomer
generation. The Company views generations X and Y as a major part of the
equation. Mr. Byrne explains, "The vintage guitar market, like some of the
other exotic investment strategies such as art and wine funds can be
enjoyed while holding them, but where this market differs significantly is
in how the guitars improve every time you play them. The vibrations on the
wood improve the sound of the guitars, so the more they're played the
better they sound. The younger generation knows this and has an increasing
appetite for acquiring their favourite models. After all, that Monet
hanging on the wall doesn't improve every time someone looks at it."
The Fund has structured a lending strategy that will allow investors to
borrow the guitars so they will continue to be played and enjoyed. The Fund
will also lend guitars out to well-known musicians for tours, TV and movie
spots adding value to the investment as it obtains memorabilia status.
Dr. Bernard A. Wagenmann, also a co-founder of ACP, emphasized that
"...though this exotic strategy has proven to be a tremendous investment,
investors cannot expect the same type of liquidity as in the stock and bond
markets, which is why potential investors should view this as a long term
investment strategy."
The Fund also benefits from an advisory board of guitar experts,
private equity managers and professional musicians, one of which is Elliott
Randall, best known for his lead guitar work with the band Steely Dan on
mega-hits including Reelin' In the Years. Another professional musician on
the Board, Robbin Thompson, once the lead singer for the Bruce Springsteen
band Steel Mill, commented, "Since so many passionate collectors are
unlikely to ever sell their own stash of vintage guitars, this fund helps
prevent them from taking their investment to the grave."
http://www.anchorage-capital.com
See Also
Mercantile Investment Group company) recently reported to the Financial
Times that it is preparing to launch a closed-end fund which will invest in
the rare and vintage guitar market. The US$100 million fund is to be listed
on the Channel Island Stock Exchange (CISX) in Euros for a 10-year term.
According to ACP, the vintage guitar market has comfortably
outperformed traditional markets ever since it has been tracked by an index
created by Vintage Guitar magazine in 1991. "The '42 Index' which is widely
accepted as a conservative tracking device for the vintage guitar market,
has demonstrated an average annual return of over 31% since it began 17
years ago," said Tommy Byrne, co-founder of ACP and Chief Investment
Officer of the Fund. He went onto say, "Historically, when the major
markets have collapsed, this market has plateaued until the traditional
markets picked up again."
Currently the Fund has a number of institutional investors interested
in subscribing for shares of the Fund in amounts between US$5 million and
US$10 million each, though this is contingent on finding a qualified Lead
Investor. Valerio D'Arco, a Senior Associate at ACP said "Most of the
interest we are seeing is being generated from the wealth management
divisions of private banks, family offices and fund of hedge funds. We are
also beginning to see more interest from High Net Worth Individuals who
want to take advantage of being able to invest some of their retirement
money into a listed security."
With many vintage guitar models trading well over US$250,000, ACP
doesn't see the market being driven up simply by the Baby Boomer
generation. The Company views generations X and Y as a major part of the
equation. Mr. Byrne explains, "The vintage guitar market, like some of the
other exotic investment strategies such as art and wine funds can be
enjoyed while holding them, but where this market differs significantly is
in how the guitars improve every time you play them. The vibrations on the
wood improve the sound of the guitars, so the more they're played the
better they sound. The younger generation knows this and has an increasing
appetite for acquiring their favourite models. After all, that Monet
hanging on the wall doesn't improve every time someone looks at it."
The Fund has structured a lending strategy that will allow investors to
borrow the guitars so they will continue to be played and enjoyed. The Fund
will also lend guitars out to well-known musicians for tours, TV and movie
spots adding value to the investment as it obtains memorabilia status.
Dr. Bernard A. Wagenmann, also a co-founder of ACP, emphasized that
"...though this exotic strategy has proven to be a tremendous investment,
investors cannot expect the same type of liquidity as in the stock and bond
markets, which is why potential investors should view this as a long term
investment strategy."
The Fund also benefits from an advisory board of guitar experts,
private equity managers and professional musicians, one of which is Elliott
Randall, best known for his lead guitar work with the band Steely Dan on
mega-hits including Reelin' In the Years. Another professional musician on
the Board, Robbin Thompson, once the lead singer for the Bruce Springsteen
band Steel Mill, commented, "Since so many passionate collectors are
unlikely to ever sell their own stash of vintage guitars, this fund helps
prevent them from taking their investment to the grave."
http://www.anchorage-capital.com
See Also
Sunday, 29 June 2008
Burhan Ocal, Smadj, The Trakya
Artist: Burhan Ocal, Smadj, The Trakya
Genre(s):
Other
Discography:
Oynamaya Geldik / Trakya Dance Party
Year: 2006
Tracks: 12
Grey's Anatomy star Chambers hospitalised
The Cramps
Artist: The Cramps
Genre(s):
Rock: Pop-Rock
Rock: Punk-Rock
Discography:
Songs The Lord Taught Us
Year: 2003
Tracks: 18
Fiends Of Dope Island
Year: 2003
Tracks: 13
Bad Music For Bad People
Year: 1999
Tracks: 11
1993 - Stay Sick!
Year: 1993
Tracks: 17
Look Mom No Head!
Year: 1991
Tracks: 12
All Women Are Bad
Year: 1990
Tracks: 4
Psychedelic Jungle-Gravest Hits
Year: 1989
Tracks: 19
Off The Bone
Year: 1983
Tracks: 17
Stay Sick!
Year:
Tracks: 15
Psychedelic Jungle
Year:
Tracks: 14
Angie's Exes Will Never Do Better
Even with three chicks on his arm, Jonny Lee Miller can't recapture the hotness he once had when married to Angelina Jolie.
Even worse -- someone outside Crown Bar called him "Billy," as in Bob Thornton, Angie's other ex.
See Also
Even worse -- someone outside Crown Bar called him "Billy," as in Bob Thornton, Angie's other ex.
See Also
UkeTube: YouTube goes all ukulele
YouTube has plastered over its homepage with ukulele videos for the latest entry in its Trend Spotting Tuesday feature.
Do you like ukulele videos? Let me suggest to you that, regardless of whether you've ever seen one, you probably do. Put on your headphones, tune out the ambient cubicle noise, close your eyes, and press play. Before you know it, you'll feel the warm breeze of old Hawaii. ...
Who are these uke-loving string strummers? The singer is George Klingelhofer of Chicago's Windy City Islanders. Despite his decidedly un-Hawaiian name, Klingelhofer is a ukulele aficionado -- at the end of the video he talks about the Windy City Ukefest, which will include a bunch of people playing uke in Chicago in early August at the Tiki Terrace. Who knew Chicago had its own hopping luau scene?
The other two players, and the makers of the video, are a couple of Aussies traveling the world and finding as many ukulele players as they can. Bosko is a caricature artist and Honey sells glassware, both in Queensland. They have amassed two dozen uke videos on their multi-continent trip. Talk about a cool vacation.
I started digging into the uke video universe and suffice it to say, it's way too vast to summarize here. Here's another great video though:
See Also
DJ Friendly
Artist: DJ Friendly
Genre(s):
Breakbeat
Discography:
A Fat! Records Compilation: Session 1
Year: 2005
Tracks: 1
Chris Franke: Babylon 5
Artist: Chris Franke: Babylon 5
Genre(s):
Soundtrack
Discography:
Season3
Year: 1996
Tracks: 8
Season2
Year: 1995
Tracks: 6
Season1
Year: 1994
Tracks: 7
Sam Sparro Announces Single & Robyn Support
Bz Bz Ueu
Artist: Bz Bz Ueu
Genre(s):
Rock: Punk-Rock
Discography:
![Bz Bz Ueu [EP]](http://img.mp3fiesta.com/covers/18/18094/alb_73146_th.jpg)
Bz Bz Ueu [EP]
Year: 1995
Tracks: 7
The power-charged avant-punk chemical group Bz Bz Ueu is Italy's answer to Ne Zhdali. Backing cut-and-paste oddity with the enjoyment of horns (adolphe Sax and trumpet) and slews of children toys, this band's medicine is unrivalled hell on earth of a tantalise. There ar only a few CD EPs and singles available, all released in Italy.
The nucleus of Bz Bz Ueu formed around 1992. Bassist Pino Montecalvo and guitar player Efisio Biancofiore began to write songs together at that clip. The addition of drummer Carlo Lupori, wHO byword them perform in a local browning automatic rifle with a drum machine, opened more possibilities in terms of toughness. By the end of 1994, the grouping had expanded to a fivesome with trumpeter Edy Leo and saxist Jacopo Andreini. A number 1, eponymic CD EP came knocked out in 1995, presenting their have brew of punk rock rock candy and hardcore-jazz. Sounding like the Ex meets the circus of European bikers Ne Zhdali or Uz Jsme Doma, the album gathered honest reviews locally and attracted the attention of American punkers God Is My Co-Pilot. The label Music 'a la Coque, naturalized by Montecalvo to bring forth the band's music, released in 1996 and 1998 2 snag 7" with God-Co and the spin-off No. These failed to cast sufficiency international attention for the band at least to allow them to perform outside Italy or realm a record lot. A second CD EP, Uhozmerigotz, was released in late 2000, exhibit a solve evolution toward the goofy side of things with the add-on of toys, beast calls, and other assorted items, patch protruding to up-tempo punk energy.
Saturday, 28 June 2008
Ganesh and Kumaresh - Violin
Artist: Ganesh and Kumaresh - Violin
Genre(s):
Jazz
Discography:
COLOURS OF INDIA
Year: 2004
Tracks: 7
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