Josh Milberg & team Deutsche Bank Securities
The buy side says: “Josh Milberg really has his finger on the sector’s pulse.”
Newcomer Josh Milberg shepherds the Deutsche Bank Securities duo, which was unranked last year, all the way to No. 1. Praised for what one money manager calls his “clear views on market indicators and the secular production shift from legacy high-cost producers,” Milberg and his colleagues upgraded Chilean paper-products manufacturer Empresas CMPC from neutral to buy in August 2009, at 16,109.13 Chilean pesos, citing strong growth prospects. In June, with the stock up 38.7 percent and leading the sector by 21.5 percentage points, the São Paulo–based team downgraded it to hold, dubbing the shares fully valued at 22,341 pesos. Since then the share price gained 7.6 percent, in line with the sector. Milberg, 41, earned a bachelor’s degree in government at New York’s Cornell University in 1991. He joined Deutsche Bank in 2006 after working as a telecommunications analyst at UBS and Morgan Stanley.