Prando's Asset Management - Questionable process

The chairman is unhappy about a DFM's behaviour

Julian Marr
clock • 3 min read

"So how's your worst-ever investment doing in the wake of The Donald's ascension?" asked the chairman of the improbably-sized investment company Prandeamus Asset Management when I dropped by to see him this week.

"I said it was my ‘first-ever' investment, not ‘worst-ever'," I corrected him. "And, at least for the last few days, it has been continuing gently upwards." To recap briefly, I once invested £1,000 in a pretty punchy technology trust on the admittedly less than solid grounds I fell asleep during an interview with its manager. As this was - of course - early 2000, my grand very swiftly became £350. Still, having grimly stuck with it ever since - there seemed little point in selling - it has, through various mergers and consolidations, ended up in Henderson Global Growth and almost back to...

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

Advisers zoomed in on capital accumulation in Q4 2025

Advisers zoomed in on capital accumulation in Q4 2025

Titan Square Mile research finds

Jen Frost
clock 30 January 2026 • 3 min read
Measure for measure: How to track your tracker fund

Measure for measure: How to track your tracker fund

Tracking difference and tracking error

Terry McGivern
clock 28 January 2026 • 3 min read
SJP and AJ Bell pivot from US mega-caps in MPS as concentration woes continue

SJP and AJ Bell pivot from US mega-caps in MPS as concentration woes continue

Healthcare, energy and EM preferred

Linus Uhlig
clock 28 January 2026 • 2 min read