Vincent Tchenguiz’s Consensus investment company has bought a 29.9 per cent stake in Bramdean Alternatives through family trusts, paying £40 million at an issue price of 100p a share. "Its intended portfolio strategy, particularly its emphasis on infrastructural investments, makes it very appealing to us," said a representative for Mr Tchenguiz, a high-profile UK-based investor. When trading began on the London Stock Exchange last week, the fund had raised £131 million from institutional and high net worth private investors, almost double its £70 million minimum, but well beneath its £250 million target. Separately, Bramdean Alternatives has appointed Royal Bank of Canada (Channel Islands) and Royal Bank of Canada Offshore Fund Managers as custodian and administrator respectively. Bramdean Alternatives is a Guernsey registered, closed-ended investment company which currently offers share classes denominated in sterling and US dollars listed on the London Stock Exchange.