Nicola Horlick
Encyclopedia
Nicola Karina Christina Horlick, (born Nicola Karina Christina Gayford, 28 December 1960, Nottingham
Nottingham
Nottingham is a city and unitary authority in the East Midlands of England. It is located in the ceremonial county of Nottinghamshire and represents one of eight members of the English Core Cities Group...

) is a British investment fund
Collective investment scheme
A collective investment scheme is a way of investing money alongside other investors in order to benefit from the inherent advantages of working as part of a group...

 manager.

Early life

Horlick's mother, Suzanna Czyzewska, was born in Warsaw in 1939. Czyzewska's parents fled to Russia when the Nazis invaded Poland, and when liberated, they fought with the British in the Middle East. After the war, they lived in Kenya, where Czyzewska was brought up. She came to the UK when she was 19 and married Horlick's father when she was 21. After having two children, Nicola and then her brother Christopher, Czyzewska went to the Liverpool School of Architecture and qualified as an architect. Horlick's father, Michael Gayford, was a Liberal candidate in the 1970s for Wirral
Wirral (UK Parliament constituency)
Wirral was a county constituency which returned one Member of Parliament to the House of Commons of the Parliament of the United Kingdom, elected by the first past the post voting system....

. Horlick's parents lived in the Puddington Old Hall
Puddington Old Hall
Puddington Old Hall stands on a former moated site in the village of Puddington, Cheshire, England. It is sited near the England-Wales border, overlooking the Dee estuary.-History:...

, which was an historic Tudor house.

Horlick attended the independent Kingsmead School in Hoylake
Hoylake
Hoylake is a seaside town within the Metropolitan Borough of Wirral, on Merseyside, England. It is located at the north western corner of the Wirral Peninsula, near to the town of West Kirby and where the River Dee estuary meets the Irish Sea...

, Wirral
Wirral
Wirral may refer to:* Wirral Peninsula, a peninsula in the northwest of England, between the rivers Dee and Mersey* Metropolitan Borough of Wirral in Merseyside, occupying the northern part of the Wirral Peninsula...

 from the ages of six to twelve. She was one of four girls amongst 300 boys initially. She then boarded at the independent Cheltenham Ladies' College
Cheltenham Ladies' College
The Cheltenham Ladies' College is an independent boarding and day school for girls aged 11 to 18 in Cheltenham, Gloucestershire, England.-History:The school was founded in 1853...

 in 1973. She stayed for two years then went to Birkenhead High School GDST. She also spent some time at the Phillips Exeter Academy
Phillips Exeter Academy
Phillips Exeter Academy is a private secondary school located in Exeter, New Hampshire, in the United States.Exeter is noted for its application of Harkness education, a system based on a conference format of teacher and student interaction, similar to the Socratic method of learning through asking...

 in New Hampshire
New Hampshire
New Hampshire is a state in the New England region of the northeastern United States of America. The state was named after the southern English county of Hampshire. It is bordered by Massachusetts to the south, Vermont to the west, Maine and the Atlantic Ocean to the east, and the Canadian...

, USA on an English-Speaking Union exchange scholarship. She gained nine O levels, four A levels and an S level
Scholarship Level
The GCE S-level, Scholarship level, or Special paper was a British public examination taken by the most able A-level students. The S-level was typically used to support UK university entrance applications though in practice it was directed almost exclusively to Oxford or Cambridge applications...

. She gained a place at Balliol College, Oxford
Balliol College, Oxford
Balliol College , founded in 1263, is one of the constituent colleges of the University of Oxford in England but founded by a family with strong Scottish connections....

 in 1979 to study Law, and graduated in 1982.

Career

Between 1982 and 1983, Horlick worked for her father in the family business. She then joined SG Warburg & Co. as a graduate trainee in 1983, starting in the investment management business, which later became Mercury Asset Management. She was appointed a director in 1989. She joined Morgan Grenfell Asset Management in 1991 and was appointed Managing Director of the UK investment business in 1992. During the period that she managed that business, assets under management rose from £4 billion to £22.5 billion.

She set up SG Asset Management in 1997 and Bramdean Asset Management LLP in 2005.
The company is named after a village in the county of Hampshire
Hampshire
Hampshire is a county on the southern coast of England in the United Kingdom. The county town of Hampshire is Winchester, a historic cathedral city that was once the capital of England. Hampshire is notable for housing the original birthplaces of the Royal Navy, British Army, and Royal Air Force...

 and is based in Mayfair, London.

Bernard Madoff scandal

Bramdean Alternatives, part-managed by Bramdean Asset Management LLP, had invested about 9 per cent of its assets (about £10m) with the US trader Bernard Madoff
Bernard Madoff
Bernard Lawrence "Bernie" Madoff is a former American businessman, stockbroker, investment advisor, and financier. He is the former non-executive chairman of the NASDAQ stock market, and the admitted operator of a Ponzi scheme that is considered to be the largest financial fraud in U.S...

 by December 2008. On 11 December, 2008, Madoff was arrested and later charged with criminal securities fraud. As a result, Bramdean shares lost a third of their value. In an interview on the BBC's Today programme
Today programme
Today is BBC Radio 4's long-running early morning news and current affairs programme, now broadcast from 6.00 am to 9.00 am Monday to Friday, and 7.00 am to 9.00 am on Saturdays. It is also the most popular programme on Radio 4 and one of the BBC's most popular programmes across its radio networks...

 on the Monday following Madoff's fall, Horlick blamed the US Security and Exchange Commission for the loss.

Personal life

Horlick has been described as Superwoman
Superwoman (sociology)
In sociology the term superwoman has been used to describe a Western woman who works hard to manage multiple roles of a worker, a homemaker, a volunteer, a student etc...

in the media for balancing her high-flying finance career with bringing up six children, Georgina, Alice, Selena, Antonia, Rupert, and Benjie. Her eldest daughter, Georgina, died of leukaemia in 1998 when she was 12.

She married Timothy Piers Horlick, whom she had met at Oxford, in June 1984, when she was 23. She separated in December 2003 and divorced in 2005. Her second marriage is to Martin Baker, a financial journalist, on 8 September 2006. They had met in March 2005, when he interviewed her for the Sunday Telegraph
Sunday Telegraph
The Sunday Telegraph is a British broadsheet newspaper, founded in February 1961. It is the sister paper of The Daily Telegraph, but is run separately with a different editorial staff, although there is some cross-usage of stories...

.

Publications

  • Can You Have It All? ISBN 0330354590, Jul 10 1998, Pan Books
    Pan Books
    Pan Books is an imprint which first became active in the 1940s and is now part of the British-based Macmillan Publishers owned by German publishers, Georg von Holtzbrinck Publishing Group....

     (out of print
    Out of print
    Out of print refers to an item, typically a book , but can include any print or visual media or sound recording, that is in the state of no longer being published....

    )

External links


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