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

Muted response as Labour names Grimsby Town FC co-owner next investment minister

Muted response as Labour names Grimsby Town FC co-owner next investment minister

After the sudden exit of Poppy Gustafsson last week

Eve Maddock-Jones
clock 08 September 2025 • 2 min read
Hargreaves Lansdown and Schroders to launch double LTAF offering

Hargreaves Lansdown and Schroders to launch double LTAF offering

From next week

Eve Maddock-Jones
clock 08 September 2025 • 2 min read
Darius McDermott: Complacency at the peak

Darius McDermott: Complacency at the peak

'Markets to hit new highs, while credit spreads are at multi-decade lows'

Darius McDermott
clock 08 September 2025 • 5 min read