Mid Cap

Madison’s Mid Cap Equity strategy aims to deliver superior long-term returns while assuming below-average risk. To pursue this, extensive research using time-tested, proprietary tools, is conducted to find companies with sustainable competitive advantages, high returns on capital, durable growth prospects, shareholder-oriented management and strong balance sheets.

The team works patiently with a long time horizon to purchase the stocks of such companies at what it believes are attractive prices. The portfolios that result are high-conviction and concentrated, allowing top holdings to produce a significant contribution to performance. 

The strategy is led by Rich Eisinger, Haruki Toyama and Andy Romanowich.


Mid Cap Equity

Madison’s mid-cap team aims to deliver superior long-term returns while assuming below-average risk. We conduct extensive research to identify companies with sustainable competitive advantages, high returns on capital, durable growth, shareholder-oriented management, and strong balance sheets. We then attempt to purchase the stocks of such companies when they are undervalued by the market.

Strategy Overview | Madison Mid Cap Fund Quarterly Commentary + Fact Sheet

Rich Eisinger
Head of Equities, Large & Mid Cap Portfolio Manager/Analyst
Haruki Toyama
Director of Research, Mid Cap Portfolio Manager/Analyst
Andy Romanowich, CFA®
Mid Cap Portfolio Manager/Analyst
Maya Bittar, CFA®
Disciplined Equity Portfolio Manager/Analyst
Dave Geisler
Disciplined Equity Portfolio Manager/Analyst
Matt Hayner, CFA®
Large Cap Portfolio Manager/Analyst
Connor Jones
U.S. Equity Analyst

Rich Eisinger

Head of Equities, Large & Mid Cap Portfolio Manager/Analyst
Contact

Rich serves as Head of Equities, portfolio manager for Madison’s mid-cap strategies and is an equity analyst for Madison’s U.S. Equity Team. Rich has been working in the financial services industry since 1994 and joined Madison in 1998. He earned his J.D. from the University of Louisville and his MBA from Cornell University.

Haruki Toyama

Director of Research, Mid Cap Portfolio Manager/Analyst
Contact

Haruki serves as a portfolio manager for Madison’s mid-cap strategies and is an equity analyst for Madison’s U.S. Equity Team. Haruki has been working in the financial industry since 1994 and joined
Madison in 2014. He earned his B.A. in music and economics from Brown University and MBA from Cornell University.

Andy Romanowich, CFA®

Mid Cap Portfolio Manager/Analyst
Contact

Andy, CFA, serves as an portfolio manager for Madison’s U.S. Equity Team. Andy has been working in the financial services industry since 2004 and joined Madison in 2009. He earned his B.S. and M.S.
in finance from the University of Wisconsin-Madison, specializing in the Applied Security Analysis Program.

Maya Bittar, CFA®

Disciplined Equity Portfolio Manager/Analyst
Contact

Maya, CFA, specializes in customized portfolio management for Madison’s high net-worth relationships. Maya also serves on our Customized Solutions team working with Insurance Asset Management. Maya began her career at First Wisconsin Bank (U.S. Bank) in 1986. After her early years in credit analysis, Maya moved to the investment business. From 1993 to 1998, Maya co-managed the Firstar Growth & Income Fund. Subsequent to her time at Firstar, Maya worked at Wellington Management Company for sixteen years as a portfolio manager on several strategies including Core Equity, Strategic Growth and Focused Equity. In addition to portfolio management, her role included fundamental research and client service. Prior to joining Madison in 2018, Maya served as a multi-sector analyst on the global equity team at Artisan Partners, LLC., focusing on companies in the United States, Europe and Japan. Maya holds a BBA (Accounting), an MBA (International Business) and an MS (Finance) from the University of Wisconsin-Madison including participating in the Applied Security Analysis Program.

Dave Geisler

Disciplined Equity Portfolio Manager/Analyst
Contact

Dave specializes in customized portfolio management for Madison’s private client relationships. Dave also serves on our Customized Solutions team working with Insurance Asset Management. Dave has been working in the financial services industry since 2004 and prior to joining Madison, he worked at Lateef Investment Management, Artisan Partners and Cowen and Company. Dave graduated from University of California, San Diego with a BA in Economics, Highest Distinction, and an MBA from University of California, Berkeley with certificates in Management of Technology, and Entrepreneurship.

Matt Hayner, CFA®

Large Cap Portfolio Manager/Analyst
Contact

Matt, CFA, serves as a portfolio manager for Madison’s large-cap strategies and is an equity analyst for Madison’s U.S. Equity Team. Matt has been working in the financial services industry since 2002 and joined Madison in 2002. He earned his B.S. in chemistry from Eastern Illinois University and his MBA from the University of St. Thomas.

Connor Jones

U.S. Equity Analyst
Contact

Connor is an Equity Analyst on Madison’s U. S. Equity Team. His primary focus is on the small cap equity research effort. Connor joined Madison from Marquette University where he received a B.S. in Business Administration with a major in Finance and was a student in the selective Applied Investment Management Program.

“Madison” and/or “Madison Investments” is the unifying tradename of Madison Investment Holdings, Inc., Madison Asset Management, LLC (“MAM”), and Madison Investment Advisors, LLC (“MIA”), which also includes the Madison Scottsdale office. MAM and MIA are registered as investment advisers with the U.S. Securities and Exchange Commission. Madison Funds are distributed by MFD Distributor, LLC. MFD Distributor, LLC is registered with the U.S. Securities and Exchange Commission as a broker-dealer and is a member firm of the Financial Industry Regulatory Authority. The home office for each firm listed above is 550 Science Drive, Madison, WI 53711. Madison’s toll-free number is 800-767-0300.

Any performance data shown represents past performance. Past performance is no guarantee of future results.

Non-deposit investment products are not federally insured, involve investment risk, may lose value and are not obligations of, or guaranteed by, any financial institution. Investment returns and principal value will fluctuate.

This website is for informational purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security.

Consider the investment objectives, risks, and charges and expenses of Madison Funds carefully before investing. Each fund's prospectus contains this and other information about the fund. Call 800.877.6089 or visit madisonfunds.com to obtain a prospectus and read it carefully before investing. | Investing in small, mid-size or emerging growth companies involves greater risks not associated with investing in more established companies, such as business risk, significant stock price fluctuations and illiquidity.  Contact Madison for more detailed information regarding these risks.