Investment firm launched

A new joint venture, Certified Assets Management International, LLC, has been launched by a team that includes a veteran professional rare coin dealer and a Wall Street money manager to assist investors with acquisition and management of numismatic and precious metals items.

CAMI, based in Stamford, Conn., is creating an assortment of products, services and investment funds including one that is looking to acquire up to $250 million of rare coins, according to an Oct. 31 release.

The firm’s principals are Robert L. Higgins, president of Certified Assets Management, Inc. in Wilmington, Del., who earlier managed a rare coin fund that returned a 17 percent, $8 million profit in four years for the state of Ohio; and Alberto Washington, a graduate of the Wharton School of Business and managing partner of Mercury Fund Management, LLC, also a Delaware corporation.

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“Certified Assets Management has a proven track record of over a decade of successful rare coin funds management,” said Higgins. “This is an excellent time for the numismatic market and Wall Street to do it the right way.”

“We plan to have a diversified family of investment funds and services to be able to address alternative investments and financing needs, from the private investor to even institutional investors,” said Washington.

The custodian of the partnership assets initially will be First State Depository Company, a level three, high security facility in Delaware that stores precious metals and rare coins for investment banks, brokerage firms, refining companies, commodity trading houses, precious metals retailers, coin dealers and individual investors.