Prando's Asset Management - Quiet. Too quiet

The chairman reckons he has found the perfect hiding place

Julian Marr
clock • 3 min read

"What on earth are you doing here?" I asked the chairman of the improbably-sized investment company Prandeamus Asset Management when I bumped into him at the social media conference I was chairing. "Trying not to think about the FCA's Asset Management Market Study," he sighed.

"What else?" "You could always be looking to learn about social media," I suggested. "Good one," laughed the chairman. "Nope - it just seemed as good a way as any to avoid all those awkward questions journalists like to ask on these occasions." "And yet here I am chairing this event," I said. "Oh, you don't count," the chairman replied - and he probably did not even intend to sound mean. "So have you read the FCA's opus yet?" I asked, trying not to sound too hurt. "Of course not," snorted the chairman. "I have staff to do that sort of thing. What about you?" "Pretty much the same," I ...

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

PA360: 'Diversified approach has room for both active and passive' - David Coombs

PA360: 'Diversified approach has room for both active and passive' - David Coombs

‘Volatility is your friend if you are a long-term investor’

Jenna Brown
clock 01 May 2025 • 2 min read
PA360: FOMO can 'significantly' alter investors' risk appetite

PA360: FOMO can 'significantly' alter investors' risk appetite

Albemarle Street Partners’ Charlie Parker on the social element of investing

Isabel Baxter
clock 01 May 2025 • 1 min read
PA360: Investors must understand importance of 'proper diversification'

PA360: Investors must understand importance of 'proper diversification'

‘Investors don’t have to choose a single door’

Sahar Nazir
clock 01 May 2025 • 1 min read