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Our Firm

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Firm Overview

LM Capital Group is an institutional investment manager focused on active global fixed income. Since 1989, the firm has applied proprietary macroeconomic methodology and a disciplined investment process to deliver alpha and downside protection across market cycles. Strategic emerging markets allocations support a differentiated risk-return profile. LM Capital serves public plans, Taft Hartley funds, corporations, endowments, foundations, healthcare providers, OCIOs, and other financial intermediaries.

About us
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Philosophy

Central to LM Capital’s recurring outperformance, lies a conservative investment philosophy responsible for producing demonstrable downside protection over many market cycles. In combination with strategic allocations to emerging market debt, LM Capital clients have enjoyed a lower risk-return profile seldom found throughout the fixed income landscape.

Our Philosophy

LM Insights

The Data Center Dilemma: What makes a Data Center financing a good bond investment?

Investing in a data center financing involves numerous risks that can be summarized by the question of who bears the risks: the tenant or the bondholder. These risks include: who pays the operating costs; the mismatch, if any, between the lease horizon and the financing term; who bears the costs of construction delays; and who is responsible for declines in the value of the underlying asset. The tenant’s name is the starting point, not the answer.

November 2026

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Brazil: the case for selective exposure

Brazil still pays investors to wait. Last week the Copom (Brazil’s rate-setting committee) cut the Selic (Brazil’s policy interest rate) by 25bp to 13.75% in a unanimous decision, the fifth consecutive 25bp step and 125bp of easing since March.

September 2026

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Market Intervention: Does It Last?

Ever since Soros and his Quantum Fund famously “broke the Bank of England” in 1992, market intervention has been viewed with a jaundiced eye. For this reason, the two most consequential interventions in August 2026 – the US Treasury’s expansion of long-end bond buybacks and the coordinated US-Japan yen defense – have suffered the same reaction: a sharp, immediate impact followed by a rapid partial reversal as the underlying structural forces remain unresolved.

September 2026

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