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Timothy W. Caulfield, CFA

Timothy W. Caulfield, CFA

Portfolio Manager, Director of Canadian Equities Research
27 Years experience
19 Years at firm

Timothy is a Portfolio Manager on numerous Canadian equity strategies and the Director of Canadian Equities Research at ClearBridge Investments. He joined the firm in 2007 and has 27 years of investment industry experience.

Timothy began his tenure with the Canadian Equity Team as a Portfolio Manager and the Director of Equity Research at Franklin Bissett Investment Management, which became part of ClearBridge in 2023. Prior to this, he was an Assistant Director of Research at Salman Partners.

Timothy received a Bachelor of Commerce from the University of British Columbia. He is a CFA® charterholder.

Experience

  • 27 years of investment industry experience
  • Joined the firm in 2007
  • Salman Partners – Assistant Director of Research
  • Bachelor of Commerce from the University of British Columbia
  • CFA® charterholder

Managed Strategies

Perspectives

  • Managing Volatility with Discipline
    Canadian Equity Strategy 1Q26: Positioning emphasized disciplined rebalancing, trimming into strength and redeploying into dislocated opportunities, while prioritizing balance-sheet health and valuation discipline.
  • Cyclical Strength Sparks Canadian Rally
    Canadian Equity Strategy 3Q25: The Strategy delivered solid returns but underperformed the benchmark due to an underweight to strong-performing gold stocks and general weakness in materials and energy.
  • Opportunistically Leveraging Tariff-Induced Volatility
    Canadian Equity Strategy 2Q25: By adding cyclicality on weakness and reducing defensiveness on strength, our active repositioning through elevated volatility added risk to the Strategy at attractive prices and on our terms.
  • Metals, Defensives Support Canadian Resilience
    Canadian Equity Strategy 1Q25: A Canadian equity market battle hardened by U.S. tariff actions delivered gains, led by gold and silver stocks, energy and traditional defensives.
  • Performance Moderates as Yields Rise
    Canadian Equity Strategy 4Q24: While maintaining defensive positioning, heightened trading activity reflected our efforts to strike when attractive opportunities arise.
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