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Michael Richmond, CFA

Michael Richmond, CFA

Director, Portfolio Manager
24 Years experience

Michael is a Portfolio Manager on the Canadian Small Cap Strategy at ClearBridge Investments. He joined ClearBridge in 2023 and has 24 years of investment industry experience.

Prior to joining ClearBridge, Michael was a Portfolio Manager and Research Analyst at Franklin Bissett Investment Management, which became part of ClearBridge in 2023; Co-Director of Equity Research and sell-side Research Analyst at Salman Partners; and a Commercial Banking Account Manager at RBC Financial Group.

Michael received a B.A. in economics from the University of Victoria. He is also a member of the CFA Institute.

Experience

  • 24 years of investment industry experience
  • Joined ClearBridge Investments in 2023
  • Franklin Bissett Investment Management – Portfolio Manager
  • Franklin Bissett Investment Management – Research Analyst
  • Salman Partners – Co-Director of Equity Research, Research Analyst
  • RBC Financial Group – Commercial Banking Account Manager
  • B.A. in economics from the University of Victoria
  • Member of the CFA Institute

Managed Strategies

Perspectives

  • Enduring through a Historic Gold Rally
    Canadian Small Cap Strategy 3Q25: The S&P/TSX Small Cap Index had a very strong quarter with a run in gold prices and a large weight toward precious metal producers resulting in a 20% return.
  • Canadian Small Caps Surge as Tariff Risks Recede
    Canadian Small Cap Strategy 2Q25: The Strategy performed well on an absolute basis, but trailed the benchmark due to negative stock selection in industrials and utilities.
  • Gold Rush Carries Small Caps
    Canadian Small Cap Strategy 1Q25: The S&P/TSX Small Cap Index was modestly higher as strength in the gold-driven materials sector more than offset cyclical weakness in the rest of the index.
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