Lawyer Launched Contemporary Art Fund

Stuart Evans, a corporate lawyer at Simmons & Simmons, has launched a contemporary art fund.

The fund, Lodeveans Contemporary, has so far raised £1m from the Evans family and a small number of its partners. Subscriptions are set at a minimum of £50,000. Initial purchases, up to last September, have registered a total gain of 30%, according to a valuation by auction house Sotheby's.

Stuart curates the Simmons & Simmons collection of contemporary art. He was formerly Chairman of the Patrons of New Art at the Tate Gallery. [from wealth-bulletin]

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