Prando's Asset Management - The reckoning (Part II)

The chairman fears investors could think the regulator endorses passives

Julian Marr
clock • 3 min read

"Do we have a U-turn on the menu today?" asked the chairman of the improbably-sized investment company Prandeamus Asset Management when I visited his office this week.

"No," I replied. "Over the coming weeks, there should be plenty of time to chat through the UK's apparent shift to a One Big Vote A Year regime so let's stick to resolving our recent cliff-hanger ending." "From two weeks ago," the chairman said pointedly. "Some cliffs are bigger than others," I shrugged. "Still, to refresh our memories, we were considering the possibility all investment products or asset classes must fail in some way - through a scandal, a crash or whatever - before the wider market is really prepared to commit cash to them. "I suggested a significant flaw in this arg...

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

Chris Justham: Why the industry must 'entertain and engage' investors

Chris Justham: Why the industry must 'entertain and engage' investors

‘We can’t just offer them a dry cracker and ask them to chew it down’

Chris Justham
clock 07 October 2026 • 3 min read
Jupiter Merlin makes 'keystone' changes and cuts charges on Select range to attract advisers

Jupiter Merlin makes 'keystone' changes and cuts charges on Select range to attract advisers

Two new funds launched

Michael Nelson
clock 06 October 2026 • 6 min read
Darius McDermott: Is it time to take another look at China?

Darius McDermott: Is it time to take another look at China?

'It has been a difficult period for the Chinese stock market'

Darius McDermott
clock 06 October 2026 • 5 min read