Michael joined Milford in January 2017 and is Portfolio Manager of the Milford Dynamic Funds. Previously he spent four years at Macquarie Securities as a Senior Analyst in the Emerging Leaders Research team. Prior to that, Michael was an Analyst at the Global Research House Morningstar.
Over the past seven years, his coverage has been varied across a broad range of smaller technology and industrial companies. Michael also worked as a Structural Engineer at Sinclair Knight Merz in Sydney before switching into the funds management industry. He holds a Masters of Commerce and a Bachelor of Engineering (Honours), both from the University of Sydney.
One of the enduring features of small cap investing is the prevalence of founder-led, family-linked or employee-owned businesses within our investment universe. One of the consistent themes I’ve witnessed over the years is the outperformance of many these companies against those run by professional managers. These founders derive meaning from the challenge, identity and ethos […]
Join us for a fascinating deep dive into Milford’s Dynamic Small Companies Fund.
Portfolio Manager Michael Higgins talks with Ally Selby from LiveWire Markets about why it’s a good time for investors to be turning their attention to small caps. In this Fund in Focus, Michael shares insights into the Fund, including some key founder-led stocks.
If […]
As Portfolio Manager of the Milford Dynamic Small Companies Fund my focus is on smaller companies, and one of the consistent themes I’ve witnessed over the years is that founder-led, family-linked or employee-owned businesses often have an exceptional track record of outperformance. Back in August 2021 we first analysed the performance of these businesses against […]
Viva Energy is an Australian company in which Milford has held a position consistently since December 2021. I remember our first investment well. I was in isolation as the first person within Milford’s Australian office struck down with Covid. My symptoms were mild and manageable, reminding the team that Covid was transitory – underpinning our […]
Upon returning from the US last year (Read Previous Blog Here), one of the themes I had experienced was the incredible strength of the consumer. I’d visited adventure shops where profits were up 100-300%, largely off booming dirt bikes and jet-ski sales volumes ( >95% of sales on credit)! Demand had been so strong, the […]
Betting on innovation
The world is at the start of a promising new chapter of innovation that will no doubt transform the global economy. Digital technologies such as artificial intelligence, big data, cloud computing and the internet of things are booming. Our challenge as investors is to discover the most promising of these companies, avoiding the […]
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