Citywire recently featured Carlos Hardenberg following MCP’s strong rebound, highlighting how the investment team’s early decision to reduce exposure to software businesses vulnerable to artificial intelligence disruption helped drive performance.
As AI capabilities have advanced rapidly, MCP has become increasingly selective within the technology sector. Rather than maintaining broad software exposure, the portfolio has been repositioned towards companies expected to benefit from the accelerating build-out of AI infrastructure, including semiconductor, hardware and enabling technology businesses with strong competitive positions.
This shift reflects MCP’s investment philosophy of continuously reassessing long-term structural trends rather than relying on traditional sector classifications. The team believes the AI landscape is creating both significant winners and losers, requiring active portfolio management and rigorous bottom-up research.
Additionally, technology is not the only opportunity set. As Carlos notes in the article, the team is also identifying compelling investment opportunities in areas such as power infrastructure and healthcare, supported by the structural growth of emerging domestic economies.
The article also highlights the MCP’s strong performance during 2026, demonstrating how this disciplined approach has enabled the portfolio to navigate a rapidly evolving technology landscape while continuing to identify high-quality growth opportunities across emerging markets.
Read the full article here.
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