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Steve Hemingway

According to the FT (, Bramdean Alternatives (BRAL:LSE) has lost 52% of its value over the last year, compared to 32% for the FTSE100. The price recently hit 40p vs an issue price in 2007 of 100. This is roughly on a par with the performance of all the other funds she has been associated with since leaving MAM. It takes five minutes to look up the actual performance of Ms Horlick as a fund manager but instead the press seem fixated by the fact that she is able to hold down a job and not need nannies for her kids at weekends.

My view is that she's missed her vocation. She is infinitely better at getting good publicity (and obtaining investors) than actually managing those investments.

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