Haruki serves as a mid cap and large cap portfolio manager and analyst and is also the Head of the Mid and Large Cap Team. Haruki started in the financial services industry in 1994, was a member of the Madison U.S. Equity Team from 2002-2004 and he rejoined the firm in 2014. Prior to joining Madison, Haruki was co-founder and President of Marcus Asset Management in Milwaukee where he was portfolio manager of a long/short hedge fund and started his career working in analyst and portfolio manager roles at MFS Investment Management and David L. Babson & Company. Haruki holds a BA from Brown University and an MBA from Cornell University.

Insights Authored
- 2025 Mid-Year U.S. Equity Letter from Haruki Toyama
- 2024 Year-End U.S. Equity Letter from Haruki Toyama
- 2024 Mid-Year U.S. Equity Letter from Haruki Toyama
- 2023 Year-End U.S. Equity Letter from Haruki Toyama
- 2023 Mid-Year U.S. Equity Letter from Haruki Toyama
- Haruki Toyama Appears on Animal Spirits Podcast
- 2022 Year-End U.S. Equity Letter from Haruki Toyama
- 2022 Mid-Year U.S. Equity Letter from Haruki Toyama
