The September 2019 Quarterly Report and video update below provides the latest information on the performance of PM Capital's portfolios, investment activity and market outlook.
In this video update, Paul Moore, Chief Investment Officer and Portfolio Manager, Global Strategies, explains:
- Why valuation disparities in the market are showing signs of turning
- The pro-cyclical factors that can put investors at risk – if they’re not careful
- Why he’s concentrating on consistency of process
“…the whole system is basically leading to maximum crowding and that's why you're getting record [market] valuation dispersion. That means opportunity and risk is probably not where you think.”