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Prestige Asset Management: Speciality Direct Lending

Funds management companies have had an easier start to life than Prestige Asset Management. It incorporated in 2007, just as the Northern Rock building society collapsed. But rather than a hindrance, the tumultuous market background became an opportunity, reflecting very much the thinking of founder Craig Reeves. In a short space of time the company morphed from what it was set up to be: a fund of funds business focusing on a credit strategy, into a very specialized lender. It stepped into the vacuum left by the shake-up of UK banks and started catering to small and medium-sized UK businesses which...