Bramdean Asset Management Seeks To Set Up Six Dublin Funds

by Carla Johnson, Investors Offshore.com

26 January 2005

Bramdean Asset Management, the new investment business of Nicola Horlick, dubbed “superwoman” by the financial press, has applied to the Irish regulator to establish six funds to be domiciled in Dublin.

The new venture, which was due to launch this month, is aimed primarily at attracting investment from high-net-worth individuals with £1 million to invest, and smaller pension funds.

However, the launch has been delayed by a backlog of applications at the Irish Financial Services Authority

"Everyone wants funds in Dublin and there was a bit of a backlog before Christmas,” Horlick told a British newspaper.

Mrs Horlick shot to fame in the mid 1990s after a highly-publicised disagreement with her former employer Morgan Grenfell Asset Management, acquiring the moniker “superwoman” in the process for juggling a family of six with the demands of a high-flying City career.

In 1998, Horlick co-founded the fund management company SG Asset Management, where she remained until 2003.

Initially, the Dublin funds will cover UK and global equities, UK gilts and international bonds.

The group also plans to launch a hedge fund and private equity fund of funds later this year.

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