Horlick fund posts defence against rebels

The Independent – Bramdean Alternatives Ltd, the investment fund started by Nicola Horlick, said it shouldn’t be wound up, as proposed by one of its largest investors.

Elsina Ltd, a British Virgin Island-registered investment company controlled by UK property investor Vincent Tchenguiz’s Consensus Business Group, on May 1 said it wants to remove five Bramdean directors and appoint three of its own choices. Elsina, which controls almost 29 percent of Bramdean’s dollar-listed shares, said the fund should consider closing.

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