People Moves
UK's Horlick Opens Another Business Venture To Private Investors
Prominent industry figure Nicola Horlick, the chief executive of Bramdean Asset Management, is offering private investors the chance to invest in her latest business venture – a chain of private members’ clubs called Georgina’s Restaurants.
Horlick is looking to raise £2 million ($3.2 million) for the new chain, the first outlet of which will launch in southwest London in the autumn. Shares in the business are being made available through the Enterprise Investment Scheme – a facility through which a UK taxpayer who invests in a qualifying company will be able to reduce their income tax liability by 20 per cent, with the minimum investment set at £5,000.
The launch of Georgina’s Restaurants follows Horlick’s recent formation of Derby Street Films, a fund which will develop 25 film projects over the next three years.
Horlick came to prominence in the nineties as a “super-woman” figure due to her managing to combine a burgeoning family with a stellar career in the alternatives space. Among the high points of her career was her stint as the founding director of SG Asset Management (UK) which began in 1997 and where she and her team managed to garner £7 billion in assets in just three years. Her star did wane somewhat however during the financial crisis when it emerged that Bramdean – like many other firms of course – had invested millions with the now notorious Ponzi scheme fraudster Bernard Madoff.