asset_category:
peer_benchmark:
broad_market_index:
manager_contact_details: Array
ticker: PGF
release_schedule:
structure: Listed Investment Company
commentary_block:
factsheet_url:
fund_features:
PM Capital Global Opportunities Fund Limited (PGF) is managed by PM Capital Limited and offers investors exposure to a relatively concentrated, high-conviction and generally contrarian portfolio of global equities investments comprised of long and short positions with a maximum permissible net exposure 130%. PM Capital was formed in 1998 as an equity house with strong beliefs in value and valuation anomalies and that belief has remained unwavering to this day. The company seeks to provide capital growth and income through investing in a concentrated portfolio, comprised of long and short positions in international listed securities, that will be actively managed with a focus on capital preservation.
- The portfolio is concentrated (typically 35-40 investment) and has both long and short exposure, with a long bias.
- The portfolio employs leverage both in its long positions and through the short positions.
- The company offers a differentiated portfolio to most international funds as can be seen by thematic style of sector breakdown. The two major thematics at the moment are the banking and housing/property recovery in the US & Europe, with over half the portfolio allocated to these two thematics.