1/07/2008

Horlick`s Bramdean to launch environmental fund, moves in with Tchenguiz into Mayfair office

Bramdean and Consensus start on road to establish environmental fund as research shows new investment in the clean technology sector grew by over 40 pct in 2007.

From Thomson IM: Nicola Horlick's Bramdean Asset Management is moving into premises alongside a firm owned by its Iranian major shareholder Vincent Tchenguiz as it underlines its new focus on hedge fund products with a relocation to Mayfair. Bramdean, which announced last year that it would become a specialist adviser and manager of alternative investments, also said it is moving ahead with plans to launch an environment investment fund.

In December, Horlick told Thomson Investment Management News that the firm was looking for investment prospects in the new energy sector. Bramdean's new premises in Park Lane are also occupied by Tchenguiz' Consensus Business Group. The firm said the move, scheduled for Jan 7, would enable it to work closely with Tchenguiz, chairman of Consensus, 'on various initiatives' including developing plans to launch the environmental investment fund in 2008.

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