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

AI 'circular financing' raises dot-com bubble concerns

AI 'circular financing' raises dot-com bubble concerns

Quilter’s Marcus Brookes discusses at PA360 North

Sophia Panayi
clock 05 October 2026 • 3 min read
HNWIs embrace bitcoin as a diversifier amid bond and equity convergence

HNWIs embrace bitcoin as a diversifier amid bond and equity convergence

Full crypto regulation from next year

clock 05 October 2026 • 4 min read
Stock market crashes – the rational and the emotions

Stock market crashes – the rational and the emotions

'Several characteristics associated with previous pre-crash periods are present today'

Paul Wood
clock 30 September 2026 • 5 min read