Ratings house Zenith has awarded PM Capital's flagship Absolute Performance Fund a 'recommended rating'.
PM Capital pointed out this week that this represented an upgrade from the fund's previous 'approved' rating and claimed it was only one of four global long/short funds with a 'recommended' or higher rating from Zenith.
The Zenith ratings report cited the "high conviction and true benchmark unaware investment philosophy of PM Capital" and said PM's Paul Moore was "one of a small group of premier fund managers who have demonstrated the ability to generate attractive returns for investors over a career spanning more than 25 years".
The fund was established in October 1998 by Moore and Ashley Pittard, who has over 14 years industry experience.
