Prando's Asset Management - Autumnal statement

The chairman sees a changing of the season

Julian Marr
clock • 3 min read

"What do you mean you have nothing to say on the Autumn Statement?" I asked the chairman of the improbably-sized investment company Prandeamus Asset Management when I dropped by to see him this week.

"You didn't have anything to say last week about the FCA's Asset Management Market Study either. This relationship really isn't going to work if it's all one-way traffic." "Steady on, old boy," said the chairman. "I get enough of that sort of talk at home. Anyway, the two situations are completely different. Last week, I had nothing to say on the FCA study because - in common with most of my peers - I didn't want to say anything about it. This week, I have nothing to say about the Autumn Statement because, well, there isn't much to say. "Despite the hundreds of press releases it gener...

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