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Alternative Market Briefing

Bramdean appoints four new non-executive directors

Monday, December 28, 2009

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From the Opalesque team:

The board of Bramdean Alternatives Limited, a London-based listed fund that invests in private equity funds, hedge funds and specialty funds, has appointed Jennifer Wick, Philip Hebson, David Staples and Howard Myles as non-executive directors.

Jennifer L Wick is CIO and group strategic finance of Consensus Business Group, adviser to Elsina Limited. Elsina is the beneficial holder of 925,000 Sterling shares and 73 million Dollar shares in Bramdean, which in aggregate carry votes equivalent to 28.77% of the company's total voting rights.

Elsina is controlled by Vincent Tchenguiz, who led a lengthy campaign to have Bramdean’s fund manager changed this year.

We heard last month that Bramdean had appointed Aberdeen Asset Managers Limited to run the fund for three years, replacing Nicola Horlick’s Bramdean Asset Management.

Philip Hebson is a senior fund manager in charge of UK equities at UK’s Merseyside Pension Fund. Merseyside Pension Fund is the beneficial holder of 20 million Sterling shares in the company, which carry votes equivalent to 15.04% of the company's total voting rights.

Howard Myles was a partner in Ernst & Young from 2001 until June 2007 and was responsible for the Investment Funds Corporate Advisory team. He was previously with UBS Warburg.

David Staples is a chartered accountant and a chartered tax adviser. He also holds the Instit......................

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