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Leap of Faif for Horlick

Bramdean Asset Management chief executive Nicola Horlick is thought to be launching a fund of alternative investment funds in June.

Sources say the fund, which is subject to regulatory approval, will invest across asset classes including private equity, hedge funds and specialist offerings such as infrastructure.

It is thought the Bramdean alternatives limited fund will list on the London Stock Exchange in June, having already been registered in Guernsey.

Horlick is believed to have reached an agreement with Axa Isle of Man that allows it to wrap the fund in an offshore bond. It will look to do this by creating a feeder fund with the BAL vehicle as its sole investment.

Sources say the fund will have a 1.5 per cent annual charge and a performance fee.

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