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Michael Richmond, CFA

Michael Richmond, CFA

Director, Portfolio Manager
33 Years experience
13 Years at firm

Michael is a Portfolio Manager on the Canadian Small Cap Strategy at ClearBridge Investments. He joined the firm in 2013 and has 33 years of investment industry experience.

Michael began his tenure with the Canadian Equity Team as a Portfolio Manager and Research Analyst at Franklin Bissett Investment Management, which became part of ClearBridge in 2023. Prior to this, he was the Co-Director of Equity Research and a 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 a CFA® charterholder.

Experience

  • 33 years of investment industry experience
  • Joined the firm 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
  • CFA® charterholder

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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