Prando's Asset Management - Brexit BritstormTM

The chairman explains why he went AWOL last week

Julian Marr
clock • 3 min read

"Where on earth did you get to last Friday?" I asked the chairman of the improbably-sized investment company Prandeamus Asset Management when I dropped by to see him this week. "I was self-administering some post-referendum result therapy," he replied. "One glass at a time."

"Fair enough," I nodded. "But were you celebrating or drowning your sorrows?" "Both," said the chairman. "I've never believed it was possible to be either 100% ‘leave' or ‘remain' - or at least, if anyone claimed to be, I was never convinced they wholly understood the question. Life just isn't that simple and, all things considered - economy, security, red tape, sovereignty, nostalgia, self-interest and so forth - when it came to putting pencil to ballot paper, I was about 75% for staying and 25% for leaving. "As such, in the wake of the result last Friday, it seemed appropriate to pr...

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

Beyond London: Adviser opportunities in regional investment

Beyond London: Adviser opportunities in regional investment

Hugi Clarke unpacks the regional growth agenda

Isabel Baxter
clock 31 July 2026 • 1 min read
Looking beyond the oil shock

Looking beyond the oil shock

'A few weeks ago, there was genuine reason for optimism'

Fahad Hassan
clock 27 July 2026 • 4 min read
What does a new PM and chancellor mean for investments?

What does a new PM and chancellor mean for investments?

'What is important is what happens over the long term'

Jasper Thornton Boelman
clock 23 July 2026 • 4 min read