Bramdean Asset Management, the proprietor of closed-ended fund Bramdean Alternatives, is planning to launch a new, open-ended fund of alternative assets. Bramdean, with total assets of $258 billion as of August 2007, recently returned client money invested in other assets to focus on alternatives, and the new fund is a way to let investors unable or unwilling to invest in an unfamiliar closed-ended fund to access this asset class. This includes smaller funds and other investors with lower capital levels. "We plan to have a low minimum investment," says Nicola Horlick, chief executive of Bramdean. "The open-ended structure is more familiar to private clients and IFAs than our Bramdean Alternatives Limited, which is listed on the London Stock Exchange." ...
