Brown Advisory

JUNE 23, 2016

27, 2014, unidentified troops, referred to as “little green men” in news reports, stormed the Crimean peninsula. Putin’s approval rating surged 10% in February and March of 2014, to 71.6%. This communication and any accompanying documents are confidential and privileged. They are intended for the sole use of the addressee.

Economy 52

Economy Communication Clients Taxes 52

Brown Advisory

JUNE 23, 2016

27, 2014, unidentified troops, referred to as “little green men” in news reports, stormed the Crimean peninsula. Putin’s approval rating surged 10% in February and March of 2014, to 71.6%. This communication and any accompanying documents are confidential and privileged. NOW 2016 | Putin’s World. Thu, 06/23/2016 - 10:27.

Economy 52

Economy Communication Clients Taxes 52

Brown Advisory

SEPTEMBER 12, 2016

Since January 2014, their foundation’s portfolio has outperformed the 4.7% This communication and any accompanying documents are confidential and privileged. To date, the Klavans have aligned more than 85% of their portfolio to sustainable investing and nearly 100% is fossil-fuel free.

Investing 52

Investing Investments Portfolio Communication 52

Brown Advisory

SEPTEMBER 12, 2016

Since January 2014, their foundation’s portfolio has outperformed the 4.7% This communication and any accompanying documents are confidential and privileged. To date, the Klavans have aligned more than 85% of their portfolio to sustainable investing and nearly 100% is fossil-fuel free.

Investing 52

Investing Investments Portfolio Communication 52

Brown Advisory

SEPTEMBER 12, 2016

trillion in assets from 2008 until 2014 in an effort to spur borrowing and revive growth. This communication and any accompanying documents are confidential and privileged. Unlike in 2011—2012, Greece is not on the verge of default and a handful of European countries do not require bailouts. The central bank bought $4.5

Communication 52

Communication Banking Electronics Clients 52

Brown Advisory

SEPTEMBER 12, 2016

trillion in assets from 2008 until 2014 in an effort to spur borrowing and revive growth. This communication and any accompanying documents are confidential and privileged. Unlike in 2011—2012, Greece is not on the verge of default and a handful of European countries do not require bailouts. The central bank bought $4.5

Communication 52

Communication Banking Electronics Clients 52

Brown Advisory

JUNE 23, 2016

Based in Beijing from 2005 until 2013, Osnos won the National Book Award in 2014 for Age of Ambition: Chasing Fortune, Truth and Faith in the New China. This communication and any accompanying documents are confidential and privileged. We sometimes use a blunt instrument when we need a scalpel.”

Communication 52

Communication Clients Taxes Economy 52

Brown Advisory

JUNE 23, 2016

Based in Beijing from 2005 until 2013, Osnos won the National Book Award in 2014 for Age of Ambition: Chasing Fortune, Truth and Faith in the New China. This communication and any accompanying documents are confidential and privileged. We sometimes use a blunt instrument when we need a scalpel.”.

Communication 52

Communication Clients Taxes Economy 52

Brown Advisory

SEPTEMBER 12, 2016

The California Public Employees’ Retirement System (CalPERS) said in April that it missed out on as much as $3 billion in gains between 2001, when it started to sell its tobacco stocks, until the end of 2014, when it completed the divestment. By the end of 2014, institutional investors had invested more than $1.2

Clients 52

Clients Portfolio Distribution Communication 52

Brown Advisory

SEPTEMBER 12, 2016

The California Public Employees’ Retirement System (CalPERS) said in April that it missed out on as much as $3 billion in gains between 2001, when it started to sell its tobacco stocks, until the end of 2014, when it completed the divestment. By the end of 2014, institutional investors had invested more than $1.2

Clients 52

Clients Portfolio Distribution Communication 52

Brown Advisory

JUNE 2, 2016

The ECB’s introduction of a negative rate in June 2014 has had no obvious impact on banks’ excess reserve accumulation. This communication and any accompanying documents are confidential and privileged. The International Monetary Fund (IMF)forecast in April that the eurozone and Japan will grow this year by 1.5%

Banking 52

Banking Economics Communication Assets 52

Brown Advisory

JUNE 23, 2016

For several years, prices hovered around $100 a barrel until the OPEC meeting in November 2014. This communication and any accompanying documents are confidential and privileged. The wild card would be a major disruption of supply from exporting countries. Oil prices peaked at $147 per barrel in the summer of 2008.

Economy 52

Economy Communication Clients Taxes 52

Brown Advisory

JUNE 23, 2016

For several years, prices hovered around $100 a barrel until the OPEC meeting in November 2014. This communication and any accompanying documents are confidential and privileged. The wild card would be a major disruption of supply from exporting countries. Oil prices peaked at $147 per barrel in the summer of 2008.

Economy 52

Economy Communication Clients Taxes 52

Brown Advisory

SEPTEMBER 12, 2016

We invested in Yukon Capital Partners II, a 2014 vintage fund. This communication and any accompanying documents are confidential and privileged. Founded in 2008, Yukon Partners is a U.S. mezzanine investor focused on companies with EBITDA ranging from about $10 million to $30 million and backed by private equity sponsors.

Valuation 52

Valuation Portfolio Banking Communication 52

Brown Advisory

NOVEMBER 12, 2015

As 2015 comes to a close, we remind our clients and friends of how important it is take time to review new tax rules, consider tax-saving opportunities and review investment and asset-protection plans before year’s end. In this letter, we outline a number of tax-saving and other opportunities to consider before the close of the year.

Planning 52

Planning Taxes Distribution Medical 52

Brown Advisory

OCTOBER 28, 2019

Account vs. Russell 1000 Growth Index 9/30/2014–9/30/2019 (Index=100) Source: Bloomberg. Average Health Care Subsector Weightings and Gross Returns, Five-Year Lookback (9/30/2014-9/30/2019) Source: Bloomberg. Unsurprisingly, health care has also grown to become the second-largest sector in public equity markets, representing 13.7%

Investing 52

Investing Investments Medical Portfolio 52

Brown Advisory

OCTOBER 28, 2019

Account vs. Russell 1000 Growth Index 9/30/2014–9/30/2019 (Index=100). Average Health Care Subsector Weightings and Gross Returns, Five-Year Lookback (9/30/2014-9/30/2019). Any business or tax discussion contained in this communication is not intended as a thorough, in-depth analysis of specific issues. Source: Bloomberg.

Investing 52

Investing Investments Medical Portfolio 52

Dear Mr. Market

MARCH 17, 2024

5 seed Targa Resources ( TRGP ) knocks out #11 Charter Communications ( CHTR ). They have substantial headwinds right now though but are making the right moves to get back on track with the easing of regulatory burdens, creating tax incentives and rebates, and investing in infrastructure. #8

Investing 105

Investing Investments Portfolio Assets 105

Brown Advisory

JANUARY 20, 2023

Don't get an "F" on FBAR ajackson Fri, 01/20/2023 - 13:43 We work with many clients to develop smart, flexible tax strategies; such strategies are essential to align their tax, investment and wealth preservation plans. A common tax obstacle faced by many of our U.S. A tax advisor can be helpful in these situations.

Compliance 100

Compliance Accounting Taxes Banking 100

ClearMoney

DECEMBER 14, 2021

20591, National Bureau of Economic Research, October 2014). This material is not a sales communication. French, “Dissecting Anomalies with a Five-Factor Model,” Review of Financial Studies 29, no. 1 (January 2016): 69–103. 3Robert Novy-Marx, “Understanding Defensive Equity” (working paper No.

Investing 52

Investing Investments Commission Distribution 52

Brown Advisory

JANUARY 20, 2023

Don't get an "F" on FBAR ajackson Fri, 01/20/2023 - 13:43 We work with many clients to develop smart, flexible tax strategies; such strategies are essential to align their tax, investment and wealth preservation plans. A common tax obstacle faced by many of our U.S. A tax advisor can be helpful in these situations.

Compliance 52

Compliance Accounting Taxes Banking 52

Brown Advisory

SEPTEMBER 11, 2016

There have been tremendous advances in worldwide communications, medicine and computing power, and some promising recent indicators such as gains in U.S. As the price of oil began to drop in 2014, investors in highyield credit grew increasingly concerned about default risk among energy companies. One cannot invest directly in an index.

Economics 52

Economics Economy Communication Clients 52

Brown Advisory

SEPTEMBER 11, 2016

There have been tremendous advances in worldwide communications, medicine and computing power, and some promising recent indicators such as gains in U.S. As the price of oil began to drop in 2014, investors in highyield credit grew increasingly concerned about default risk among energy companies. One cannot invest directly in an index.

Economics 52

Economics Economy Communication Clients 52

Brown Advisory

JUNE 2, 2016

Microsoft CEO Satya Nadella led Azure before rising to the company’s top slot in 2014. This communication and any accompanying documents are confidential and privileged. It is especially attractive among customers seeking a hybrid of on-site data centers and external cloud computing. They are intended for the sole use of the addressee.

Engineering 52

Engineering Communication Sales Clients 52

Brown Advisory

MARCH 1, 2016

The collapse of oil prices—Brent crude prices have fallen from more than $100 in mid-2014 to a $30-$35 range today—has jolted the industrial sector. In their 2014 book, Think Like A Freak, they talk about our reluctance as a species to say these words. This communication and any accompanying documents are confidential and privileged.

Clients 52

Clients Economy Banking Investing 52

The Big Picture

AUGUST 29, 2022

BALCHUNAS: While I was in college at Rutgers, and I was — wrote for the school paper, and I decided to major in journalism and communications because I liked it. at a crisis communication firm named Abernathy MacGregor and got to work with several clients and, you know, took them to Bloomberg, took them to Reuters, took them to there.

Assets 161

Assets Management Marketing Marketing 161

The Big Picture

OCTOBER 17, 2023

[Barry Ritholtz] : 00:17:05 [Speaker Changed] The, the rule to be tax exempt in the US is you have to disperse 5% of the foundation. You don’t have to pay any tax and just let the rest ride. We do have multi-asset strategy called balanced, which we launched in 2014 15. You give out 5%. And the second is the fees.

Investing 130

Investing Investments Clients Management 130

The Big Picture

JULY 31, 2023

And then, as it turns out, a switch flipped in the market in 2014 was a record, 2015 was a record. Burger King Tim Hortons, I remember very clearly because it was in the middle of those waves of kind of tax dodgy, those inversion deals. RITHOLTZ: The communication was bad also. None of them still stand, right? RITHOLTZ: Right.

Retail 130

Retail Government Economy Economics 130

The Big Picture

FEBRUARY 12, 2024

That explaining that process and communication to people built confidence. From 2010 to 2014, we were fine, but then things got a little tougher in 2015 and we ran through five years where we had two awful years and three mediocre years. And one by one they began to give us some capital. How, how do you manage around that?

Management 282

Management Investing Investments Economy 282

The Big Picture

MAY 16, 2023

So you can imagine that first check multiplied a little bit from 2014 or so. They kept the reputation intact by communicating with their investors. And I mentioned, you said it’s 2014. How do I go about protecting this giant pool of capital and how do I not get killed tax wise? RITHOLTZ: Right. Do you sell it?

Media 278

Media Investing Investments Valuation 278

The Better Letter

MARCH 2, 2023

Source: xkcd Ezra Klein (now of The New York Times ) founded Vox Media in 2014 to establish and grow what he called “explanatory journalism,” whereby he claimed to “explain” the news. Liberals and conservatives alike react negatively to dissonant science communication. “It expresses who they are.”

Ethics 84

Ethics Government Food Taxes 84