Wednesday, 29 March 2017
Last updated 13 hours 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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