PM Capital, an investment management company, released its Q2 2026 investor letter for its “Global Opportunities Fund.” Three themes shaped markets in the June quarter: inflation, artificial intelligence (AI), and government policy. Persistent inflation shifted sentiment, as investors increasingly recognized central banks’ difficulty in meeting targets. The AI infrastructure boom lifted growth expectations and investment, echoing the late-1990s TMT boom, while raising concerns about...
PM Capital Global Opportunities Fund’s Q2 2026 Investor Letter
