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“Despite a familiar pattern of how genuine long-term valuation anomalies play out over time, it is the same old bug bear that prevents the majority from taking advantage of opportunities; the fear of being seen to be different from the rest of the crowd.”
Paul Moore, CIO, PM CAPITAL

“To ultimately add value, one has to be a contrarian investor.”
Paul Moore, CIO, PM CAPITAL

“The underlying philosophy that guides our investments will never change, irrespective of the ferocity of short-term market noise or external constituents.”
Paul Moore, CIO, PM CAPITAL

 

Our business

PM CAPITAL Limited is a Sydney-based specialist equity and income fund manager with a long term track record of strong performance.

 

Our philosophy is to buy a good business at a good price. Most of the time good businesses demand a premium due to their outstanding attributes. However, there are occasions when they trade at significant discounts which is where we focus our research because in our experience they provide the greatest potential returns. Learn more.