What steel is the PM2? And for comparison, what steel is the Kershaw (or what model, if you're not sure of the steel)?
I'm betting it's likely you're seeing the difference in ease of sharpening (abrasion resistance) between the PM2's 'super steel' (assuming something like S30V, D2, etc.), and the low/mid-range stainless of the Kershaw. The PM2's blade probably includes a lot of vanadium carbides, which are much harder and won't abrade (sand/grind/sharpen) near as easily as the Kershaw's stainless, which likely features little or no vanadium carbides. Diamond is usually the best medium for sharpening vanadium carbide-rich steels, for this reason. It is possible to get hair-whittling edges on these, but they take a LOT more work and patience, to get it there. If an existing factory edge is good (fully apexed, good geometry), sometimes it's possible to do it fairly quickly on ceramics (Sharpmaker), assuming it's done very lightly and carefully. But it's also very easy to blunt or round off a good edge the same way, if angle control is inconsistent or pressure is too heavy.
It's also possible you're seeing the difference in grain size of the steel, between the (generally) larger vanadium carbides in the PM2, and the (possibly) much finer grain of the steel in the Kershaw. The chromium carbides in many stainless steels can also be rather large sometimes, but they're also much easier to grind (not nearly as hard as vanadium carbides). Larger & harder carbides, and therefore larger grain size, will make it more challenging to put a really fine edge on the PM2's blade. Again, it's not impossible, but it takes more work.