Browse the world's most comprehensive database of hedge fund investor letters, sorted by recent quarter. Access primary source research from leading institutional managers.
Browse the world's most comprehensive archive of hedge fund manager letters. Access primary source research from leading institutional managers, sorted by reporting period.
The PM Capital Global Companies Fund recorded a flat 0.7% return for Q4 2024 as strong performances from financials and industrials were balanced by short-term weakness in commodities. The managers rotated capital into new positions in Sanofi and Pernod Ricard while maintaining high currency hedges.
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The PM Capital Global Companies Fund recorded a flat 0.7% return for Q4 2024 as strong performances from financials and industrials were balanced by short-term weakness in commodities. The managers rotated capital into new positions in Sanofi and Pernod Ricard while maintaining high currency hedges.
PM Capital navigated a flat to negative quarter by aggressively rotating out of fully priced winners like Apollo and Charles Schwab into deeply undervalued European value plays like Sanofi, Pernod Ricard, and beat-up commodities.
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PM Capital navigated a flat to negative quarter by aggressively rotating out of fully priced winners like Apollo and Charles Schwab into deeply undervalued European value plays like Sanofi, Pernod Ricard, and beat-up commodities.
