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Michael Clarfeld, CFA

Michael Clarfeld, CFA

Managing Director, Portfolio Manager
25 Years experience
19 Years at firm

"Through conservatively investing in high-quality companies we believe we can construct a portfolio that should compound dividends and returns in a relatively low-risk manner over the long term."

Michael is a Portfolio Manager on the Dividend Strategy at ClearBridge Investments. He joined ClearBridge in 2006 and has 25 years of investment industry experience.

Michael joined ClearBridge as a Research Analyst and was named a Portfolio Manager in 2009. Prior to joining ClearBridge, he served as an Equity Analyst at Hygrove Partners and a Financial Analyst at Goldman Sachs.

Michael received a B.A. in history from Duke University. He is also a member of the CFA Institute and CFA Society New York.

Experience

  • 25 years of investment industry experience
  • Joined ClearBridge Investments in 2006
  • ClearBridge Investments – Research Analyst
  • Hygrove Partners – Equity Analyst
  • Goldman Sachs – Financial Analyst
  • B.A. in history from Duke University
  • Member of the CFA Institute
  • Member of the CFA Society New York

Perspectives

  • Diversifying to Lower Downside Risk
    Dividend Strategy 3Q25: Amid complacency in the face of historically high valuations, we continue to emphasize companies committed to meaningful dividend growth trading at more modest valuations.
  • Dividend Strategy 2Q25 Update
    Portfolio Manager Mike Clarfeld discusses market and portfolio performance in the second quarter, outlines the Strategy’s positioning and gives his outlook for the rest of 2025.
  • Global Risks and High Market Prices Should Give Pause
    Dividend Strategy 2Q25: As markets have soared despite rising interest rates, elevated valuations and global risks, we have actively built a diversified portfolio of more conservatively valued securities.
  • Actively Managing through Policy Uncertainty
    Podcast: PMs Mike Clarfeld and Erica Furfaro explain how an active investment approach guides them through volatile markets like the current one.
  • Resilience Through Diversification and Valuation Discipline
    Dividend Strategy 1Q25: Outperformance came from our focus on valuation and on companies profitably navigating the turbulence and delivering continued, robust dividend growth.
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