Alternative Investments
Trading Cards as an Alternative Asset: What the Fractional Platforms Won't Tell You About Liquidity
TL;DR: Collectable Sports Assets LLC, the SEC-registered platform that let accredited and retail investors buy fractional shares of vintage trading cards, halted secondary trading in 2024 and issued...
Jeff Barnes, MBA··9 min read
Alternative Investments
Art and Collectibles as Alternative Investments: What Masterworks' Exit Data Actually Shows
TL;DR: A 1.5% annual AUM fee plus 20% carried interest requires 15%+ gross returns just to beat a basic SP 500 index fund. Masterworks' real-world exit data shows the headline 17% median IRR is almost
Jeff Barnes, MBA··8 min read