Many successful hedge fund managers spend their riches on fancy cars, exotic homes and wild vacations. For Adam Sender, the founder of hedge fund Exis Capital Management, collecting contemporary art is his way of enjoying financial successes. For over 15 years Sender has not only become a top investment guru but also a well known art collector.
His first journey into art collecting can be traced back to the mid 1990s. With early success in the financial world came the means to buy pieces such as the 1981 “Black Sheets” work by Cindy Sherman. Sender considered that one of his first significant art purchases and it came with the hefty price tag of $100,000. His collections have been described as “rich” and “personal” ,which would explain why he didn’t buy every new up and coming star piece that became available on the market. Rather, Sender chose to have a discerning eye for artists who have had extensive and successful careers in art. Accomplished artists such as Dan Flavin, Keith Haring and Martin Kippenberger are among those in the Sender collection.
Sender has amassed such a large collection of fine art that he has been able to host his very own exhibitions. His “Home Alone” exhibit was held in one of his Miami, Florida homes during Art Basel Miami Beach. This exhibit featured 70 works from his collection that included pieces from Richard Prince, Rashid Johnson and Chris Ofili. Even his offices at Exis Capital contained some of his prized possessions. Works from Kara Walker, Ed Ruscha and John Currin were placed throughout his New York City workplace.
Last May, Sotheby’s began to auction some of the Sender collection. Approximately 400 works by 139 artists worth far more than what Sender originally invested in them will be up for sale to the highest bidder.