Bramdean Asset Management, the company launched by former Morgan Grenfell executive and City icon Nicola Horlick, is preparing to launch an alternative investment fund that will take positions in a wide range of investments, Financial News has reported.
The new fund, due to be launched next month, is being backed by London's Man Group Plc, the world's largest listed hedge fund manager, according to sources familiar with the matter.
The fund will reportedly take a position on an usually wide range of alternative investments, from floating rate notes to fine art and wine.
Last May, Bramdean was given the green light by the Irish Financial regulator to launch five multi-manager hedge funds from Dublin aimed at institutional investors. It has also announced plans for single strategy funds aimed at high-net-worth investors.
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 November 2005, Bramdean launched a new wealth management service aimed specifically at women, known as Bramdiva.
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