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...

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