"We think dull is good, boring is good. A little bad boy deep inside would like a bit more action, but in fact it is steady, consistent, step-after-step progress over time that makes an investment a good investment at the end of the line, so those who want to quicken the pace might consider taking care in what they wish for." - Lowell Miller

 
 
  Our Firm  
Miller/Howard Investments, Inc. was formed in 1984 as an institutional research boutique providing quantitative and technical research on large capitalization stocks to clients such as Fidelity, CIGNA, USF&G, Hughes Aircraft, Delta Airlines, Delaware Management, John Templeton, Steinhardt Partners, George Soros, Federal Express, and many others. We began large-capitalization equities management in 1987, utilizing a proprietary market-driven computerized approach. In 1990 we completed our landmark study of the long-term returns of utilities as an asset class and began managing utility portfolio in 1991.
Management Team
 

 

Lowell G. Miller is Founder, President, Chief Investment Officer, and Director of Research for Miller/Howard Investments. He holds an undergraduate degree from Sarah Lawrence College, and a Juris Doctor from New York University School of Law. He began his studies of the securities markets while still an undergraduate, and has continuously pursued the notion of disciplined investment strategies for over twenty-five years. He is the author of three acclaimed books on investing, The Perfect Investment (E.P. Dutton and McGraw-Hill, 1984), The Momentum-Gap Method (G.P. Putnam's, 1978, named "Stock Market Book Of The Year" by the Hirsch Organization), and The Single Best Investment (Second Edition, Independent Publishers Group, 2006). He has also written on financial subjects for The New York Times Magazine as well as editing the periodical Investment Values. Lowell was a featured guest on Louis Rukeyser’s Wall $treet Week and CNN-FN, and he’s often quoted in the press.

Bryan J. Spratt, CFA, Research Analyst and Portfolio Manager, graduated summa cum laude from Spring Arbor College with a BA in Economics/Computer Science. He previously worked as an analyst and portfolio manager in various investment subsidiaries at Comerica Bank from 1990-2001, including 1994-2001 at Munder Capital. He was a member of the Energy and Power Team that developed, launched and managed the Munder Power Plus Fund, among other portfolio management responsibilities. From 2001 through 2004 Bryan was responsible for the utilities and telecom sectors for the Value Team at Banc One Investment Advisors and the One Group Funds, which ranks among the largest asset management organizations in the U.S. He has extensive experience in quantitative modeling and screening in the equity markets, in addition to in-depth analytic skills. Bryan joined the firm in October 2004.

John E. Leslie III, CFA, Research Analyst and Portfolio Manager, grew up in Boston and earned his BS in Finance from Suffolk University and his MBA from Babson College. He began his career in investments over twenty years ago and has managed money since 1987. He brings a high level of expertise in both fundamental and quantitative research skills as well as experience managing large pools of institutional assets. Previously, Jack was a portfolio manager at Value Line Asset Management, M&T Capital Advisors Group (Division of M&T Bank), and Dewey Square Investors (Division of UAM). Jack joined the PM Team in November 2004.

 

Helen Hamada, Principal and Managing Director, received a Bachelor of Arts degree from Pennsylvania State University in 1973 and an MBA in Finance from Marist College in 1997. For the seventeen years before she joined Miller/Howard Investments, her responsibilities were a blend of marketing, administration and financial management for not-for-profit organizations. Helen has been Managing Director and Director of Marketing/Client Service since 1990.

Steve Chun, Executive Vice President and Client Service/Operations Director, received a Bachelor of Arts from Bard College in 1987. From 1997 to 1999 he worked for Paper House Productions, a nationally recognized designer and manufacturer of stationery. His responsibilities included the redesign of their inventory management and sales reporting systems. Previous to that he worked for 7 years at Antique Collectors' Club, a British art book publisher and distributor. His duties included developing and implementing direct-mail campaigns as well as working with up to 50 publishers as the exclusive U.S. distributor for their books. He joined Miller/Howard Investments in 1999 as Operations Manager and Systems Administrator.

 

Central Region: Randall Cobb, Vice President for Sales and Marketing, earned a Bachelor of Arts from Principia College in 1991. He graduated with a double major in Economics and Business Administration, with honors. From 1995 to 2001, Randy was responsible for marketing the Flex-Funds Institutional Money Market Fund in Dublin, Ohio. Still based in the area, he is extremely committed to the community and sits on the Board of Trustees for several local foundations serving the public and children's needs. He joined the marketing and sales team at Miller/Howard in 2001, bringing considerable expertise in marketing to the financial community.

Northeast Region: David Halprin, Vice President for Sales and Marketing, joined Miller/Howard Investments in 1999. With a BA from Columbia University and JD from Harvard Law School, he practiced law for the first five years of his career, and then moved into management consulting, initially in the business/law intersection of commercial litigation. David expanded his areas of expertise to include business strategy, organizational development, technology assessment and marketing strategy and implementation, and became a Senior Consultant at Cambridge Meridian Group and GeoPartners Research, both in Cambridge, Massachusetts. One of his areas of concentration was telecommunications, and he advised major corporations such as AT&T until he joined Miller/Howard. David brings a high level of expertise to the marketing and sales team at MHI.

Western Region: Luke Theeuwes, Vice President for Sales and Marketing, graduated from the University of Houston with a BS in Economics and a minor in Mathematics. Following an internship at Dean Witter, Luke began his career with Van Kampen in Chicago. Luke moved to Los Angeles to join Trust Company of the West to launch their mutual funds, and has remained in Southern California since. In the past 11 years, he has worked in sales and marketing for both US Trust and Managers Investment Group/AMG. Luke joined the firm in May 2007, adding depth and experience to the sales team.

Mid-Atlantic Region: Keith Thompson, Vice President of Sales and Marketing, joined Miller/Howard in the summer of 2007 after spending over 7 years at Ashfield Capital Partners as their Regional Sales Director. Prior to entering the institional and retail managed money sales arena in 1999, Keith worked for seven years as an Associate Vice President of Investments with Morgan Stanley in suburban Philadelphia. Keith is a graduate of Rutgers University and still lives in Southern NJ.

 

 

 

 
Marketing & Client Services
 
Sales