Prando's Asset Management - Excessive hospitality

The chairman learns what the regulator sees as ‘too much'

Julian Marr
clock • 3 min read

"At what point does this count as a hostage situation?" whispered the chairman of the improbably-sized investment company Prandeamus Asset Management as the fund manager's presentation ticked past the 40-minute mark.

"I don't know why you're complaining," I whispered back. "José-Fredo da Bigbadwolff is one of your own people, after all." "I didn't know he'd go on for so long," sighed the chairman. "In fact, I didn't know there was so much to say about emerging markets. Surely he must be wrapping up soon?" "If anything, I'd say he's getting his second wind," I replied. "Looking at our surroundings, of course, this was only to be expected. But I only realised what a posh restaurant you'd booked when I walked in - and then it was too late." "What's our choice of restaurant got to do with it?" frowned...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Did the bond market cause Trump's tariff U-turn?

Did the bond market cause Trump's tariff U-turn?

90-day pause on tariffs introduced on ‘Liberation Day’

Laith Khalaf
clock 24 April 2025 • 3 min read
RLAM implements Sustainability Focus label across £11bn portfolio range

RLAM implements Sustainability Focus label across £11bn portfolio range

Across a mix of funds and trusts

Cristian Angeloni
clock 23 April 2025 • 1 min read
Advisers notice growing client demand for bespoke investments

Advisers notice growing client demand for bespoke investments

Want access to ETFs, investment trusts, equities, bonds and AIM shares

Isabel Baxter
clock 17 April 2025 • 2 min read