Prando's Asset Management - Quiet. Too quiet

The chairman reckons he has found the perfect hiding place

Julian Marr
clock • 3 min read

"What on earth are you doing here?" I asked the chairman of the improbably-sized investment company Prandeamus Asset Management when I bumped into him at the social media conference I was chairing. "Trying not to think about the FCA's Asset Management Market Study," he sighed.

"What else?" "You could always be looking to learn about social media," I suggested. "Good one," laughed the chairman. "Nope - it just seemed as good a way as any to avoid all those awkward questions journalists like to ask on these occasions." "And yet here I am chairing this event," I said. "Oh, you don't count," the chairman replied - and he probably did not even intend to sound mean. "So have you read the FCA's opus yet?" I asked, trying not to sound too hurt. "Of course not," snorted the chairman. "I have staff to do that sort of thing. What about you?" "Pretty much the same," I ...

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 take group action against RL360 over collapsed funds

Investors take group action against RL360 over collapsed funds

Claim brought to Isle of Man to seek compensation for losses

Isabel Baxter
clock 27 March 2025 • 2 min read
Watch Professional Adviser's Working Lunch on Baillie Gifford's Scottish Mortgage trust - A World of Opportunities

Watch Professional Adviser's Working Lunch on Baillie Gifford's Scottish Mortgage trust - A World of Opportunities

Catch up on the discussion

Professional Adviser
clock 25 March 2025 • 1 min read
Other investing strategies are available: Performance chasing has served well despite risks

Other investing strategies are available: Performance chasing has served well despite risks

'Perhaps not surprisingly in such momentum-driven markets, performance chasing came out top'

Laith Khalaf
clock 24 March 2025 • 4 min read