Bramdean fund externalised

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BRAMDEAN Asset Management's Specialist UK Equity fund has been opened to external investors, just over a year after launch.

The £1m fund, an Irish unit trust, is being marketed to high net worth individuals with a minimum investment of £25,000 and also to charities and institutions. It is being managed by Andrew Green and Rachel Durkin who aim to pick undervalued companies and achieve returns of 3pc to 4pc above the FTSE All Share using a concentrated portfolio of 30 stocks. Their process is driven by stock picking and the fund has the potential to take large positions in mid-cap stocks. The pair joined Bramdean when it was launched in October 2005. They both previously worked at SG Asset Management wi...

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