"Why are you looking so relaxed - I mean, even more so than usual?" I asked the chairman of the improbably-sized investment company Prandeamus Asset Management when I visited him this week.
"Just look at the calendar," he chuckled. "It's the start of May and our portfolios have been duly liquidated. Let the summer fun begin … "In fact, I'm sure I asked our PR people to drop you a press release on this very subject - did it get lost in the flood of similar releases from our competitors? After all, if there is one certainty in this funny old world, it's that the media loves nothing more than a ‘Sell in May, go away, don't come back till Christmas Day' story." "Christmas Day?" I queried. "I believe there may be two schools of thought on the subject," the chairman conceded. ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
