Bramdean Asset Management, the new investment business of Nicola Horlick, dubbed “superwoman” by the financial press, has been given the green light by the Irish Financial Services Authority to launch five hedge funds from Dublin.
The new venture, which was originally due to launch in January, is aimed primarily at attracting investment from high-net-worth individuals with £1 million to invest, and smaller pension funds. However, the launch was delayed by a backlog of applications at Ifsra. "Everyone wants funds in Dublin and there was a bit of a backlog before Christmas,” said Horlick.
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.
Bramdean will offer funds within a unit trust structure, covering UK and global equities as well as UK gilts and international bonds. It also plans to launch an absolute return fund and a private equity fund of funds. The company will use a range of specialist fund managers to handle client investments.
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