Paul is the founder and Chief Investment Officer of PM Capital which he established in 1998. He is known to invest with patience and conviction, ignoring short term market trends to uncover mispriced assets in industries as diverse as brewing, banking and casinos, in countries from the US, to Ireland, to Argentina. He developed the investment philosophy and process that has underpinned PM Capital’s excess return generation compared with benchmark indices since its inception. Prior to establishing PM Capital Paul held portfolio management positions within BT.