LM Capital Group
# RepRisk interviews Patrick Faul, Director at LM Capital Group’s Research Department
# February 2021
1. RepRisk: Please provide some insight into your specific role at LM Capital and explain the work that you and your team do.
Patrick Faul: I am a Director in LM Capital’s Research Department. I think of the Research Department’s role as making sure our entire investment team understands the risks in our portfolios. As a fixed income shop, we’re primarily concerned with not losing money. In this low interest rate environment, losing 20 points on a corporate bond that goes bad can wipe out the interest income from ten corporate bonds that have performed perfectly well.