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

Investors hold back on equity exodus as they brace for Trump's next move

Investors hold back on equity exodus as they brace for Trump's next move

UK equity funds suffer

Linus Uhlig
clock 03 April 2025 • 2 min read
Darius McDermott: Are we seeing the end of US exceptionalism?

Darius McDermott: Are we seeing the end of US exceptionalism?

The Euro Stoxx 50 Index is up 10.8% since the start of the year

Darius McDermott
clock 03 April 2025 • 5 min read
AllianceBernstein bags two SDR labels on deadline day

AllianceBernstein bags two SDR labels on deadline day

Focus labels dominate market

Cristian Angeloni
clock 02 April 2025 • 3 min read