2016, Portfolio Management and Valuation - Financial Advisor Source

September 2016 Insights on Markets and Investments

Brown Advisory

SEPTEMBER 11, 2016

September 2016 Insights on Markets and Investments achen Mon, 09/12/2016 - 01:00 In this issue: Investors Facing Rising Risks Need Solid Defense, Savvy Offense Increasing political and economic risk during the past year has widened the range of possible positive and negative scenarios for financial markets.

Investing

Investing Investments Asset Allocation Marketing

September 2016 Insights on Markets and Investments

Brown Advisory

SEPTEMBER 11, 2016

September 2016 Insights on Markets and Investments. Mon, 09/12/2016 - 01:00. Equities Private Credit Outshines Many High-Valuation Stocks, Bonds. By Meera Patel, CFA, Director of Private Equity Fund Research and Jane Korhonen, CFA, Portfolio Manager ?

Investing

Investing Investments Asset Allocation Marketing

Reflections for Five Years of Global Leaders

Brown Advisory

MAY 12, 2020

Mick Dillon and Bertie Thomson, portfolio managers of the strategy, are keenly aware of the events that have disrupted markets over the last five years, yet equally aware of the risk to the portfolio if they let those events distract them from their research and investment decisions. 6th Edition, 2015. We call this the win-win.”

Portfolio

Portfolio Clients Investing Investments

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Reflections for Five Years of Global Leaders

Brown Advisory

MAY 12, 2020

Mick Dillon and Bertie Thomson, portfolio managers of the strategy, are keenly aware of the events that have disrupted markets over the last five years, yet equally aware of the risk to the portfolio if they let those events distract them from their research and investment decisions. 6th Edition, 2015.

Portfolio

Portfolio Clients Investing Investments

Transcript: Marta Norton

The Big Picture

OCTOBER 24, 2022

She has a fascinating career, starting a PLS working away up as an analyst and eventually, head of outcome-based strategies for Morningstar, eventually rising from that position and portfolio manager to Chief Investment Officer. And how do we think about them from a valuation perspective? NORTON: Yeah. NORTON: Yeah.

Portfolio

Portfolio Management Assets Investing

Diving Deep: Achieving Outperformance By Using Environmental Research

Brown Advisory

SEPTEMBER 12, 2016

Diving Deep: Achieving Outperformance By Using Environmental Research achen Mon, 09/12/2016 - 10:22 ARM Holdings rose to dominance among makers of smartphone microprocessors by focusing on energy efficiency rather than pure computational power and speed. As a result, strategies focused on sustainability range broadly in performance.

Food

Food Executive Compensation Portfolio Management Valuation

Diving Deep: Achieving Outperformance By Using Environmental Research

Brown Advisory

SEPTEMBER 12, 2016

Mon, 09/12/2016 - 10:22. On July 18, 2016, Softbank announced plans to buy the company at a 43% premium to the prior day’s closing price. We look for fundamental strengths, attractive valuations and what we call Sustainable Business Advantage (SBA). “The Diving Deep: Achieving Outperformance By Using Environmental Research.

Food

Food Executive Compensation Portfolio Management Valuation

Global Leaders Strategy Investment Letter: January 2024

Brown Advisory

JANUARY 17, 2024

Both types of error are due to a combination of either mis-assessing the business quality or its valuation (or both). Our 10/10/3 valuation framework using a 10% weighted average cost of capital is undoubtedly conservative and ends up with us missing some big opportunities as type 2 errors of omission.

Investing

Investing Investments Portfolio Compliance

Global Leaders Strategy Investment Letter: August 2023

Brown Advisory

AUGUST 14, 2023

At the margin, the factors can be a tailwind as experienced in 2017 and 2018 or a headwind as seen in 2016 and 2022, but when we look at attribution over the past three years in the chart below it shows over 100% of the strategy’s alpha came from individual investment selection or stock-picking as the factors combined were a net negative drag.

Investing

Investing Investments Portfolio Accounting

Investment Perspectives - The Great Debate

Brown Advisory

JUNE 21, 2017

According to Morningstar (which tracks mutual funds and their performance), more than 80% of all actively managed U.S. Citing this lack of performance, Morningstar calculates that $236 billion flowed into passively managed U.S. equity funds in 2016 alone. Reasons for this tendency are varied.

Investing

Investing Investments Portfolio Management

Investment Perspectives - The Great Debate

Brown Advisory

JUNE 21, 2017

According to Morningstar (which tracks mutual funds and their performance), more than 80% of all actively managed U.S. Citing this lack of performance, Morningstar calculates that $236 billion flowed into passively managed U.S. equity funds in 2016 alone. Manager Characteristics. Assuring "Average".

Investing

Investing Investments Portfolio Management

Rude Awakening

Brown Advisory

SEPTEMBER 3, 2015

But with Congress facing its own fiscal challenges and a national election scheduled for November 2016, betting on a lawmaker rescue does not appear to be an especially promising investment. The hazards of appropriation bonds underscore the value of a bottom-up approach to building a municipal bond portfolio. Europe's Slow Climb.

Transportation

Transportation Government Economy Asset Allocation

ESG and the Stock-Picker’s Dilemma

Brown Advisory

SEPTEMBER 22, 2017

Forum for Sustainable and Responsible Investment that expectation of stronger financial performance is a top reason for incorporating ESG into the investment process (US SIF, 2016). The Journal of Portfolio Management 40(2): 18-29. Journal of Portfolio Management. Journal of Portfolio Management.

Portfolio

Portfolio Investing Investments Management

ESG and the Stock-Picker’s Dilemma

Brown Advisory

SEPTEMBER 22, 2017

Forum for Sustainable and Responsible Investment that expectation of stronger financial performance is a top reason for incorporating ESG into the investment process (US SIF, 2016). We have not identified ESG attributes among our portfolio companies that consistently help us pre-select portfolio candidates for strong future performance.

Portfolio

Portfolio Investing Investments Management

Transcript: Jawad Mian

The Big Picture

JULY 24, 2023

MIAN: So Stray Reflections is a macro advisory and community that works with portfolio managers, CIOs around the world. The fact that you’ve got declining risk appetite, declines are prolonged, deep and valuations mean revert. MIAN: Valuations are ebb and flow. The millennials started doing that in 2016.

Marketing

Marketing Marketing Economy Valuation

Investors Facing Rising Risks Need Solid Defense, Savvy Offense

Brown Advisory

SEPTEMBER 11, 2016

Investors Facing Rising Risks Need Solid Defense, Savvy Offense achen Mon, 09/12/2016 - 02:00 As rising economic and political risk fuels market volatility worldwide, investors need to maintain adequate liquidity, stability and diversification to shield against any protracted economic downturn. small-cap stocks. versus 1.9

Economics

Economics Economy Communication Clients

Investors Facing Rising Risks Need Solid Defense, Savvy Offense

Brown Advisory

SEPTEMBER 11, 2016

Mon, 09/12/2016 - 02:00. 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. From June 2014 until February 2016, the oil price plunged 75%.). Investors Facing Rising Risks Need Solid Defense, Savvy Offense.

Economics

Economics Economy Communication Clients

Off the Beaten Trail

Brown Advisory

DECEMBER 2, 2015

Turbulence in various stock markets will probably persist in 2016 as global growth slows because of weakness in emerging economies including China, a leading engine for the world economy during the past decade. Heading into 2016, these trends show no sign of fading. China, the world’s No. 2 economy, grew 7.3% this year and 6.3%

Economy

Economy Taxes Clients Assets

Transcript: David Layton

The Big Picture

FEBRUARY 28, 2023

We were really transitioning from, back then, outsourcing a lot of the investment content that we had done with other managers, to bring a lot of that in-house. And then the related question is, how dependent are private markets on public market valuations? LAYTON: — some of the differences in valuation that have been out there.

Clients

Clients Investing Investments Assets

Financial Advisor Source

September 2016 Insights on Markets and Investments