Posted By:
David SmithI think a hedge fund in baseball (sports) cards and memorabilia would be a bad idea. Not only is the market not as liquid as investment professionals would like but there is also risk involved.
ALL it would take to spook EVERYONE is the PSA 8 T206 Wagner to be shown as NOT being what people think it is. Say someone has definitive PROOF it is cut from a sheet or otherwise altered. This woud bring grading companies and ALL graded cards into question. That risk would make some, if not all, gte out of the market. Since you can't just dump cards on the market like you can stocks, it would take a while to unwind the positions. If it were known the cards were being dumped on the market, MORE people would dump their cards and prices would drop.
Just my opinion,
David