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Dmitry Khaykin

Dmitry Khaykin

Managing Director, Portfolio Manager
29 Years experience
22 Years at firm

"A bottom-up approach is essential to finding companies that have attractive valuations and franchises capable of producing superior returns."

Dmitry is a Portfolio Manager on the Large Cap Value Strategy at ClearBridge Investments. He joined the firm in 2003 and has 29 years of investment industry experience.

Dmitry joined the firm as a Senior Research Analyst, covering the media and telecom sectors, and became a Portfolio Manager on the Large Cap Value Strategy in 2007. Prior to joining the firm, he was a Research Analyst at Gabelli & Company, where he concentrated on the telecommunications sector. He began his career at Morgan Stanley as an Associate in the Risk Management Division.

Dmitry received an M.B.A. in finance and accounting from The Wharton School of the University of Pennsylvania and a B.A. in economics and computer science from New York University.

Experience

  • 29 years of investment industry experience
  • Joined the firm in 2003
  • ClearBridge Investments – Senior Research Analyst, Media and Telecommunications
  • Gabelli & Company – Research Analyst, Telecommunications
  • Morgan Stanley – Associate, Risk Management
  • MBA in Finance and Accounting from the Wharton School of the University of Pennsylvania
  • BA in Economics and Computer Science from New York University

Perspectives

  • A Tighter Risk Framework Lowering Volatility
    Large Cap Value 3Q25: We have made concerted efforts this year to neutralize momentum exposure, reduce outsize bets in higher-volatility stocks and implement tighter underwriting across the portfolio, with positive results so far.
  • Improving Market Breadth Offers Value Opportunities
    Large Cap Value ESG 3Q25: We believe the current market offers significant value opportunities as capital flows shift from high-flying growth stocks to overlooked, high-quality businesses.
  • Value Down but Not Out
    Large Cap Value 2Q25: The post-tariff rally widened the valuation disparity between both growth and value stocks and the “sainted few” and the rest of the value universe to rare extremes we believe are unlikely to persist.
  • Positioning for All Macro Environments
    Large Cap Value ESG 2Q25: We continue to position the portfolio for all macro environments, prioritizing stock-level decisions as opposed to those based on factor bets or macro predictions.
  • Volatility Sets the Stage for Quality and Value
    Large Cap Value 1Q25: 2025 has ushered in a much more diversified environment, with the valuation gap between growth and value at extreme levels.
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