Spotlight on Nick Griffin, Founding Partner & Chief Investment Officer, Munro Partners
Global Thought Leader Spotlight
Nick Griffin, Founding Partner & Chief Investment Officer, Munro Partners
In my role as founding Partner and Chief Investment Officer of Munro Partners, I am responsible for the investment management of Munro’s key investment funds and the formulation and implementation of our proprietary investment process.
I have worked in financial services for over 25 years, with more than 20 years of experience managing global long and short equity mandates.
Earnings growth broadens beyond tech and beyond the US markets
After several years dominated by A.I. leaders, Munro expects earnings growth to broaden across sectors, regions, and market capitalisations in 2026.
Easing inflation, the roll-off of tariff impacts, and more supportive policy settings create opportunities in infrastructure, healthcare, security, and select small and mid-cap stocks.
A.I. data centre build-out continues to be a powerful multi-year driver
A.I. continues to be a multi-year structural opportunity, with the data-centre build-out still in its early stages. Ongoing investment in compute, power, cooling, and networking supports durable earnings growth.
Power, climate and infrastructure bottlenecks are opportunities
Rising A.I. demand and reshoring trends are colliding with years of underinvestment in energy and infrastructure. Companies that help alleviate these bottlenecks are well positioned to benefit from sustained demand and pricing power.
Macro and policy risk
Key risks include an unexpected tightening in financial conditions or policy missteps that delay earnings acceleration. However, Munro remains cautiously optimistic that fundamentals support continued market progress.
Implications for sophisticated investors
The evolving market environment presents several key considerations and opportunities:
Returns to broaden out across regions, sectors and market cap giving investors the opportunity to add return diversification in portfolios, outside of the US and Tech.
A.I. continues to be a multi-year structural opportunity, with the data centre build out (Munro’s viewpoint) still early stage. This build out will likely be supportive of structural earnings growth and in turn structural share price growth for those companies that enable this critical infrastructure.
A.I. demand along with reshoring has collided with years of underinvestment in US energy and infrastructure. This has created a large opportunity for investors who can identify those companies likely to benefit from sustained demand and pricing power within power, climate and infrastructure.
Macro and policy risk - Munro are cautiously optimistic that current fundamentals are supportive of equity markets in 2026. Irrespective, proven active investment and risk management processes will be key to navigating market volatility and capitalising on investment opportunities that arise.
Nick will be presenting at Global Investment Institute’s upcoming Equities Investment Forum, taking place on Thursday, 12 March 2026 in Sydney CBD, New South Wales. To register your interest in attending, click here or for more information email zlatan@globalii.com.au.
Nick Griffin, Founding Partner & Chief Investment Officer, Munro Partners
Nick is Founding Partner and Chief Investment Officer at Munro. He is responsible for the investment management of Munro’s key investment funds and the formulation and implementation of the proprietary investment process. Nick has been managing global long and short equity mandates for over 15 years.
Key career highlights include: Over 25 years working in financial services with 15 years funds management experience; 2005-2015, Head of International Strategy on the K2 Select International Absolute Return Fund; Member of the K2 Asset Management asset allocation and currency exposure committee; 2000-2005, Senior Analyst (Global Oil and Gas) at Deutsche Bank UK; and 1996-1999, Manager Australian Equities for Commonwealth Financial Services.
Nick holds a Bachelor of Commerce (Hons) degree from the University of Melbourne, a Graduate Diploma in Applied Finance and Investment and a Registered Representative of the Sydney Futures Exchange.
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