Hedge fund manager Adam Sender plans to show his art collection alongside Art Basel Miami Beach (29 November – 4 December). Titled Home Alone, the exhibition will be presented in his 5,000-square-foot Miami house, now empty and on the market. “We had an ability to rent it, but we figured why not throw a show for Art Basel”, he said.
Sender was one of the first hedge fund managers to move into contemporary art and he is still an active collector who also sells. “If its not floating your boat anymore, you are entitled to sell it”, he says. “What we do with the proceeds is we buy more art, and we buy younger art.”
Following a stint with Steve Cohen's SAC Capital Advisors LP, Sender founded his own hedge fund in 1998, which stalled when Toronto-based Fairfax Financial Holdings (FFH) sued several hedge fund firms including Sander's. The suit alleged that the hedge funds acted to harm the firm because they were betting its stock price would decline.
Image: Adam Sender, art collector and hedge fund manager