Tuesday, 22 July 2014
Last updated 1 hour ago
Jul 5 2007 | 9:33am ET
Not only is she unable to leap tall buildings in a single bound, “Superwoman” Nicola Horlick couldn’t even raise as much as she hoped for her new London-listed fund of hedge funds.
Horlick’s Bramdean Asset Management took in some £131 million for its new Bramdean Alternatives, a closed-end vehicle investing in hedge funds, private equity and other alternative asset classes. She had hoped to raise £250 million. But Horlick said she was anything but disappointed.
“This is a new fund, and to be absolutely frank, we had no idea exactly how much demand there would be, which is why we put such a range on the estimates,” she said, The Independent reports. “To pull in more than £100 million for a new fund that is unique in the marketplace is very good.”
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Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…