UK – Institutional multi-manager and fund management consultancy Bramdean Asset Management will begin operating in January.

Nicola Horlick wil be the firm’s chief executive, marking her return to the City after laving Societe Generale Asset Management in July 2003.

Bramdean, which is backed by private investors, will pursue two complementary strategies, the provision of a multi-manager product for institutional and private clients and the provision of advice to institutional clients.

“The multi-manager structure is the ideal response to a market which is polarising into either niche or very large businesses,” says Horlick.

Sir Derek Higgs, who produced a study on corporate governance in 2002, is Bramdean’s non-executive chairman and Tessa Franz-Marwick is finance director.