Brown Advisory

MAY 1, 2023

Sustainable Core Fixed Income Strategy: Reporting on the impact of our investment decisions ajackson Mon, 05/01/2023 - 12:34 A Letter of Introduction From The Portfolio Managers Our 2022 impact report builds on our commitment to measuring, documenting and communicating the outcomes that our strategy produces for our clients.

Investing 52

Investing Investments Portfolio Management Portfolio 52

Brown Advisory

MAY 1, 2023

2022 Impact Report: Sustainable Core Fixed Income Strategy ajackson Mon, 05/01/2023 - 12:34 A Letter of Introduction From The Portfolio Managers Our 2022 impact report builds on our commitment to measuring, documenting and communicating the outcomes that our strategy produces for our clients.

Portfolio Management 52

Portfolio Management Portfolio Communication Investing 52

Brown Advisory

JUNE 5, 2023

2022 Impact Report: Tax-Exempt Sustainable Fixed Income Strategy bgregorio Mon, 06/05/2023 - 05:22 A Letter of Introduction From The Portfolio Managers Our 2022 impact report builds on our commitment to measuring, documenting and communicating the outcomes that our strategy produces for our clients.

Taxes 52

Taxes Portfolio Management Portfolio Communication 52

Validea

JANUARY 9, 2023

Veteran portfolio manager Bill Miller, founder of Miller Value Partners and manager of the firm’s Miller Opportunity Trust and the Miller Income funds, retired at the end of 2022, reports an article in CityWire.

Retirement 59

Retirement Management Portfolio Management Portfolio 59

Brown Advisory

AUGUST 24, 2023

In this impact report for our Global Leaders Strategy, Portfolio Managers Mick Dillon and Bertie Thomson reflect on the past year. Mick joins the podcast at an especially timely moment. Many investors and pundits continue to focus their attention on the “Magnificent Seven” tech stocks that have dominated the U.S.

Economy 52

Economy Portfolio Management Portfolio Clients 52

Brown Advisory

AUGUST 24, 2023

In this impact report for our Global Leaders Strategy, Portfolio Managers Mick Dillon and Berite Thomson reflect on the past year. Mick joins the podcast at an especially timely moment. Many investors and pundits continue to focus their attention on the “Magnificent Seven” tech stocks that have dominated the U.S.

Economy 52

Economy Portfolio Management Portfolio Clients 52

Brown Advisory

MARCH 14, 2023

Time/Long-Term We recently met with the management team of Intuitive Surgical (ISRG). One of our portfolio managers, Ken Stuzin will tell you that none of our holdings are “sacred cows”, but in the same breath he’ll mention that ISRG CEO Gary Guthart is among the very best executives that he’s ever met.

Clients 97

Clients Investing Investments Sales 97

Brown Advisory

MARCH 14, 2023

Time/Long-Term This morning, we met with the management team of Intuitive Surgical (ISRG), One of our portfolio managers, Ken Stuzin will tell you that none of our holdings are “sacred cows”, but in the same breath he’ll mention that ISRG CEO Gary Guthart is among the very best executives that he’s ever met.

Clients 81

Clients Investing Investments Sales 81

Brown Advisory

AUGUST 4, 2020

Brown Advisory’s 2020 PRI Assessment Report ajackson Tue, 08/04/2020 - 08:00 Brown Advisory has been a signatory to the PRI (Principles for Responsible Investment) since 2014. Module Name Brown Advisory 2020 Score Industry Median 2020 Score Strategy & Governance A+ A Indirect - Manager Sel.,

Assets 52

Assets Clients Government Investing 52

Brown Advisory

AUGUST 4, 2020

Brown Advisory has been a signatory to the PRI (Principles for Responsible Investment) since 2014. Brown Advisory’s 2020 PRI Assessment Report. Tue, 08/04/2020 - 08:00. Module Name. Brown Advisory 2020 Score. Industry Median 2020 Score.

Assets 52

Assets Clients Government Investing 52

Brown Advisory

SEPTEMBER 3, 2015

31, 2014, suggests that his goal is not just fantasy. 31, 2014, quickly making the country the world’s No. By Mick Dillon, CFA, Portfolio Manager, Global Leaders Strategy; Priyanka Agnihotri, Equity Research Analyst. By Stephen Shutz, CFA, Tax-Exempt Portfolio Manager. 1, 1979, until Dec. 1, 2008, until Dec.

Insurance 52

Insurance Portfolio Management Clients Government 52

Brown Advisory

FEBRUARY 23, 2021

In the fall (autumn for you Brits) of 2014, I thought I knew what the next few years of my life would look like. expat himself, is a Portfolio Manager in our London office and helps U.S.-connected tax efficient investment portfolios to meet their long-term goals and objectives. I thought I had it all mapped out.

Taxes 52

Taxes Assets Investment Planning Planning 52

Brown Advisory

FEBRUARY 23, 2021

In the fall (autumn for you Brits) of 2014, I thought I knew what the next few years of my life would look like. expat himself, is a Portfolio Manager in our London office and helps U.S.-connected tax efficient investment portfolios to meet their long-term goals and objectives. I thought I had it all mapped out.

Taxes 52

Taxes Assets Investment Planning Planning 52

Brown Advisory

DECEMBER 2, 2015

Within the $450 billion high-yield market, less than 60% of high-yield bonds sell for more than face value compared with more than 90% in June 2014. By Mark Kodenski, Private Client Portfolio Manager. The low volume indicates a reluctance among investors to roll over debt for stressed companies. Anchoring Expectations.

Clients 52

Clients Asset Allocation Economics Estate Planning 52

Brown Advisory

JUNE 3, 2015

There were 925 investment funds that incorporate environmental, social or governance factors in their approach as of the end of 2014, according to US SIF Foundation. By Karina Funk, Co-Portfolio Manager Large-Cap Sustainable Growth Strategy; David Powell, Co-Portfolio Manager Large-Cap Sustainable Growth Strategy.

Portfolio 52

Portfolio Portfolio Management Clients Assets 52

Good Financial Cents

OCTOBER 17, 2022

Traditional online brokerages were once intimidating to the rookie investor, so many flocked to Robinhood when the mobile-only brokerage announced new, revolutionary features in late 2014. Robo-portfolios: Start with $100 and choose a portfolio managed by a robo-advisor. There’s no account minimum required to get started.

Commission 89

Commission Accounting Investing Investments 89

Brown Advisory

JUNE 14, 2017

2 The SEC’s Enforcement Division introduced the Municipal Continuing Disclosure Cooperative Initiative in early 2014 to encourage self-reporting of possible securities law violations, especially in situations when entities misrepresented their compliance with continuing disclosure obligations.

Compliance 52

Compliance Retail Clients Management 52

Brown Advisory

JUNE 14, 2017

The SEC’s Enforcement Division introduced the Municipal Continuing Disclosure Cooperative Initiative in early 2014 to encourage self-reporting of possible securities law violations, especially in situations when entities misrepresented their compliance with continuing disclosure obligations.

Compliance 52

Compliance Retail Clients Management 52

Brown Advisory

OCTOBER 28, 2019

Healthy Returns: Sustainable Investing in the Health Care Sector ajackson Mon, 10/28/2019 - 14:59 Our Large-Cap Sustainable Growth portfolio managers discuss how they have approached the health care sector as sustainable investors. Account vs. Russell 1000 Growth Index 9/30/2014–9/30/2019 (Index=100) Source: Bloomberg.

Investing 52

Investing Investments Medical Portfolio 52

Brown Advisory

OCTOBER 28, 2019

Our Large-Cap Sustainable Growth portfolio managers discuss how they have approached the health care sector as sustainable investors. Account vs. Russell 1000 Growth Index 9/30/2014–9/30/2019 (Index=100). These choices have generally benefited our overall portfolio returns over the past five years. Source: Bloomberg.

Investing 52

Investing Investments Medical Portfolio 52

Brown Advisory

SEPTEMBER 3, 2015

in 2014, according to the International Monetary Fund (IMF). The ratio for the 19 countries in the eurozone rose to 93% at the end of the first quarter from 92% at the end of 2014, according to the European Union. By Stephen Shutz, CFA, Tax-Exempt Portfolio Manager. Eurozone growth will probably speed up to 1.5%

Economy 40

Economy Economics Asset Allocation Investing 40

The Big Picture

OCTOBER 31, 2023

We entered the liquid alts market with hedge funds back in 1994, and we entered the private market in 2014 with my product in late stage growth. And so to your point, I was a public portfolio manager, started as a tech analyst and made my way to associate portfolio manager and then began managing public portfolios in 1996.

Management 150

Management Investing Investments Portfolio 150

Brown Advisory

SEPTEMBER 22, 2017

For example, one study revealed that beta is often confounded with alpha, and this can mistakenly attribute outperformance to the value-add of an active manager rather than market risk premia (Bender, 2014). The Journal of Portfolio Management 40(2): 18-29. Journal of Portfolio Management. Hammond, and W.

Portfolio 52

Portfolio Investing Investments Management 52

Brown Advisory

SEPTEMBER 22, 2017

For example, one study revealed that beta is often confounded with alpha, and this can mistakenly attribute outperformance to the value-add of an active manager rather than market risk premia (Bender, 2014). The Journal of Portfolio Management 40(2): 18-29. Journal of Portfolio Management. References.

Portfolio 52

Portfolio Investing Investments Management 52

Brown Advisory

SEPTEMBER 3, 2015

Public-sector debt has expanded every year since 2000, hitting 100% of gross national product at the end of fiscal year 2014. By Mick Dillon, CFA, Portfolio Manager, Global Leaders Strategy; Priyanka Agnihotri, Equity Research Analyst. Moreover, emigration has reduced the population to about 3.5 million from about 3.8

Transportation 52

Transportation Government Economy Asset Allocation 52

The Big Picture

DECEMBER 17, 2023

BBC ) • America’s epidemic of chronic illness is killing us too soon : After decades of progress, life expectancy — long regarded as a singular benchmark of a nation’s success — peaked in 2014 at 78.9 Previously, he worked as a Portfolio Manager at Citadel Global Equities and as an Analyst at Millennium Management.

Retail 130

Retail Portfolio Management Numbers Assets 130

Brown Advisory

MAY 31, 2017

Currencies: Our analysis shows that between 1978 and 2014, currency movement explained 50% of the U.S. Many of the best-performing European equity managers have outperformed their benchmarks notably in the years since the 2008–09 recession, while comparatively fewer top-performing U.S. stocks growing more expensive.

Portfolio 52

Portfolio Asset Allocation Valuation Economics 52

Brown Advisory

MAY 31, 2017

Currencies: Our analysis shows that between 1978 and 2014, currency movement explained 50% of the U.S. Many of the best-performing European equity managers have outperformed their benchmarks notably in the years since the 2008–09 recession, while comparatively fewer top-performing U.S. stocks growing more expensive.

Portfolio 52

Portfolio Asset Allocation Valuation Economics 52

Brown Advisory

NOVEMBER 14, 2017

By 2014, when QE officially ended, assets on the Fed’s balance sheet totaled $4.3 We also believe that it’s important to stay within the discipline of a particular portfolio strategy, such as intermediate duration, “core,” certain quality standards and so forth. trillion, compared to $870 billion just six years earlier.

Investing 52

Investing Investments Assets Numbers 52

Brown Advisory

NOVEMBER 14, 2017

By 2014, when QE officially ended, assets on the Fed’s balance sheet totaled $4.3 We also believe that it’s important to stay within the discipline of a particular portfolio strategy, such as intermediate duration, “core,” certain quality standards and so forth. trillion, compared to $870 billion just six years earlier.

Investing 52

Investing Investments Assets Numbers 52

Brown Advisory

APRIL 1, 2015

The five years ended December 31, 2014 ranked in the top 35 of 139 observations—first quartile, but just barely. These extremes pose a serious challenge for portfolio managers because they can distort the benchmark indices against which portfolios are compared. stocks has been since the late 1920’s.

Investing 52

Investing Investments Valuation Assets 52

Brown Advisory

JUNE 21, 2017

This assertion is open to debate and in fact has been refuted by various studies, but it gives some investors pause when considering active managers for their portfolios.

Investing 52

Investing Investments Portfolio Management 52

Brown Advisory

JUNE 21, 2017

This assertion is open to debate and in fact has been refuted by various studies, but it gives some investors pause when considering active managers for their portfolios. Manager Characteristics.

Investing 52

Investing Investments Portfolio Management 52

The Big Picture

DECEMBER 6, 2022

RITHOLTZ: So you joined Global X in 2014. I joined Global X in 2014, and we have, if I remember correctly, approximately $1.5 But when you factor in, you know, legal costs, compliance, portfolio management, trading, there is a lot that goes into launching an ETF. What led you to them from Jefferies? BERRUGA: Yeah.

Clients 150

Clients Investing Investments Management 150

Brown Advisory

DECEMBER 2, 2015

From 2012 until 2014, the MSCI All Country World Index annually rose by an average of 14.1%. percentage point less than in 2014, according to an estimate in October by the International Monetary Fund. These paces are far below China’s annual average growth of nearly 10% from 1979 until 2014. in 2014, according to the IMF.

Economy 52

Economy Taxes Clients Assets 52

Brown Advisory

SEPTEMBER 11, 2016

Maintaining liquidity allows a portfolio manager to snap up new opportunities such as General Dynamics, whose shares have risen 14% this year as of September 6. As the price of oil began to drop in 2014, investors in highyield credit grew increasingly concerned about default risk among energy companies. small-cap stocks.

Economics 52

Economics Economy Communication Banking 52

Brown Advisory

SEPTEMBER 11, 2016

Maintaining liquidity allows a portfolio manager to snap up new opportunities such as General Dynamics, whose shares have risen 14% this year as of September 6. As the price of oil began to drop in 2014, investors in highyield credit grew increasingly concerned about default risk among energy companies. small-cap stocks.

Economics 52

Economics Economy Communication Banking 52