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.
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.
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
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
The great enemy of bonds is unexpected inflation. Month after month, those fixed bond payments buy fewer Big Macs, pay fewer medical bills and cover less rent. People can plan for an expected annual inflation of 2%, but a year or two of 8% inflation can ruin the best-laid plans. Only the very shortest of those well-known “risk-free” US Treasuries protect against unexpected inflation.
July 2026
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