What's a go anywhere strategy? European banks, commodities, copper, oil & gas and the online gambling industry| Kevin Bertoli
Murdoch speaks with Kevin Bertoli the Co-Portfolio Manager of Global and Australian equities of PM Capital.
In today’s ROCast, Murdoch speaks with Kevin Bertoli the Co-Portfolio Manager of Global and Australian equities of PM Capital.
PM Capital was founded in 1998 by CIO & Chairman Paul Moore, it’s goal is to build long term wealth by investing in global markets with patience and conviction. I would say PM Capital embraces the true definition of a go anywhere strategy and I quite like how they have the patience to avoid FOMO rallies and wait for the strongest company in the space to survive a sector pullback before investing at favourable valuations for the long term.
As of June 2023, PM Capital has consistently beat the market average since inception with the Global Companies fund averaging 12.4% over 5 years, 23.9% over 3 years and 9.6% over 1 year. The fund has returned 9.7% since inception, whilst the benchmark of the MSCI World Index has returned 5.8% in this period.
Kevin breaks down their process, philosophy and after returning from a research trip in Europe he shares what they look for when investing in companies. For me I found the conversation on when they time their entry into companies to be the most interesting. The patience and discipline required to avoid FOMO rallies and wait for the strong to survive in a sector before buying. On this point Kevin dives into detail on investing in European banks, commodities like copper, oil & gas and the gambling industry.
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Murdoch: Adviser & CEO @ York Wealth Management. 'The Rate of Change' podcast shares the insights of some of the brightest minds in asset management.
We work with High-Net-Worth individuals, institutions & family offices to help grow & protect their wealth.
Outside of working with clients, Murdoch & his wife Yasmin, an Executive Assistant to the Chairman of Wealth at a global investment firm, have 2 young children, a boy & a girl.
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York Wealth Management Pty Ltd ABN 46 605 610 679 is an Corporate Authorised Representative of Samuel Allgate Investments Pty Ltd AFSL No. 420170; Financial Adviser Authorised Representative Number 001007979.
This article has been prepared without taking into consideration any investor’s financial situations, objectives or needs. Accordingly, before acting on the advice in this article, you should consider its appropriateness to your financial situation, objectives and needs. Every reasonable effort has been made to ensure the information provided is correct, but we cannot make any representation nor warranty as to the accuracy, completeness or currency of that information. To the extent permissible by law, no responsibility for any errors or misstatements is taken, negligent or otherwise. SAI or its authorised representatives may also receive fees or brokerage from dealing in financial products, see the Financial Services Guide for information about the services offered available at York Wealth Management.
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Murdoch: Adviser & CEO @ York Wealth Management. 'The Rate of Change' podcast shares the insights of some of the brightest minds in asset management. ...
Expertise
Murdoch: Adviser & CEO @ York Wealth Management. 'The Rate of Change' podcast shares the insights of some of the brightest minds in asset management. ...
Expertise
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