BRAL Bramdean �

 

TIDMBRAL 
 
RNS Number : 7780C 
Bramdean Alternatives Limited 
19 November 2009 
 

For immediate release 19th November 2009 
 
 
 
 
 
 
 
 
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR 
FROM ANY JURISDICTION (INCLUDING THE UNITED STATES) WHERE TO DO SO WOULD 
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION 
 
 
 
 
Bramdean Alternatives Limited 
 
 
Appointment of new investment manager 
The Board of Bramdean Alternatives Limited (the Company) announces that it has 
today appointed Aberdeen Asset Managers Limited (Aberdeen) as the investment 
manager of the Company in place of Bramdean Asset Management LLP (BAM). This 
follows a period of consultation with the Company's principal shareholders and 
consideration by the Board and its advisers as to the future of the Company. 
The Board will bring forward a proposal for the Company to be rebranded under 
the Aberdeen name. The appointment of Aberdeen, which is for an initial period 
of three years, takes immediate effect. 
Aberdeen has paid BAM an undisclosed sum as consideration for the contract and 
at the same time has entered into a consultancy agreement with BAM for a period 
of twelve months. This will provide continuity, particularly in relation to the 
private equity investments which represent the bulk of the Company's assets. 
Jonathan Carr, Chairman, commented: "In the five months since the current Board 
were appointed we have considered a wide range of options for the future of the 
Company and I am delighted to say that consensus has been reached with our 
principal shareholders over the appointment of Aberdeen. We believe that the 
Company will benefit from being rebranded and that Aberdeen will be well placed 
to manage the Company's portfolio successfully. We look forward to working with 
them to maximise returns to shareholders.  We would also like to take this 
opportunity to wish all at Bramdean every success in the future." 
Martin Gilbert, Chief Executive of Aberdeen, said:  "We are delighted that the 
Company's Board have appointed Aberdeen as the new manager of this investment 
company. Aberdeen has a growing reputation in multi-asset management for 
institutional clients and this appointment introduces our strengthening 
capability in alternatives to the UK closed end sector, where we are one of the 
UK's leading investment management groups." 
 
 
The Board of the Company has been advised by Matrix Corporate Capital LLP. 
- ENDS - 
Contacts: 
Bramdean Alternatives Limited 
Jonathan Carr, Chairman, 01242 890287 
Neil Mainland, Broadgate Mainland, 020 7776 0527/07753 787290 
Aberdeen Asset Management 
James Thorneley, Aberdeen Asset Management, 020 7463 6323 
Neil Bennett/Tom Roberts, Maitland, 020 7379 5151 
Matrix Corporate Capital LLP 
Paul Fincham, 020 3206 7175 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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