Bramdean Asset Management, the institutional multi-manager business launched by hotshot fund manager Nicola Horlick has unveiled plans for two new real estate funds.
The group has recruited Tariq Rahman to be chief executive of Bramdean Property and to manage the funds.
Rahman was recruited from UK insurer
Prudential, where he was a director responsible for property investment in the City of London and in Scotland,
Bramdean plans to launch a core real estate fund and also an actively-managed geared fund, which it said would be “more dynamic than traditional property funds”. Both funds will be open-ended and are due to be launched in April.
They will have a minimum investment of €125,000 and will be targeted at institutional investors and wealthy individuals. The property team will also manage some segregated institutional accounts.
Chief executive Nicola Horlick said: “We have decided to invest in real estate directly, as we believe we can achieve greater returns than are currently available to investors, through a more aggressive and entrepreneurial approach. I am delighted that Tariq is joining us, as I believe that he has the necessary skills required to achieve our goals.”
In addition to the real estate funds, Bramdean is to launch four funds, covering UK and global equities and UK and global bonds. The company, which was launched earlier this year, said it also intends to offer private equity product and hedge fund products.