Bramdean Investor Tchenguiz Supports Possible Wind-Up of Fund

Vincent Tchenguiz, the biggest investor in Bramdean Alternatives Ltd., continues to support a possible liquidation of the fund run by Nicola Horlick, the U.K.’s best-known female money manager.

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The net value of Bramdean Alternatives’ assets was $178 million at June 30, or 79.3 pence a share, according to its Web site. The shares fell 1 percent to 49 pence in London trading yesterday. That’s 38 percent lower than the net asset value. In December the shares traded at less than 50 percent of the net asset value.