Home Alone in Miami

Hedge fund manager Adam Sender has joined the ranks of collectors who mount curated presentations of their art collections during Art Basel Miami Beach. Sender's collection manager Sarah Aibel is presenting 70 works from Sanders holdings of over 1000 works in his vacant 5,0000 square-foot Miami property.

Instead of attempting the transform the house into a gallery, Aibel says she made the entire exhibition about toying with the notion of displaying art in a domestic space. Even the bathrooms have been given over to art. One is dedicated to Ramond Pettibon and in another Richard Prince's image of Brooke Shields hangs above a real tub in the children's bathroom.

Image:Urs Fischer's What if the phone rings, 2003

Hedge fund manager to show his collection alongside Art Basel Miami Beach

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