Brown Advisory

FEBRUARY 14, 2023

Our initial assessment of Brazil in 2021 illuminated gaps in relying solely on quantitative data, noting that it painted a much rosier picture of the Environmental pillar than was the reality under the Bolsonaro administration. Our approach is consistent and systematic across our platform. nd.edu/our-work/coun-try-index/) and Brown Advisory.

Government 52

Government Economics Investing Investments 52

The Big Picture

OCTOBER 31, 2023

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. Where, 00:06:25 [Speaker Changed] Where were you managing those for in 96? The more private side of the street?

Management 152

Management Investing Investments Portfolio 152

The Big Picture

OCTOBER 17, 2023

Then the volatility and, and the valuation makes an enormous difference. ’cause they, it’s a learning mechanism as a recommendation mechanism for portfolio managers and thinking about how to allocate capital. So in 2021 was the equivalent of March, 2000, right? Or they just did well, right?

Investing 130

Investing Investments Clients Management 130

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. So 2021 was the peak of that zeitgeist.

Marketing 130

Marketing Marketing Economy Valuation 130

Brown Advisory

MARCH 30, 2022

We believe that a long-term investing approach focused on businesses with strong competitive advantages, with business models that generate high return on incremental invested capital, capable and rightly incentivized management teams and attractive valuations, from a long-term investment horizon, may help investors navigate this volatility.

Investing 52

Investing Investments Marketing Marketing 52

The Big Picture

AUGUST 29, 2023

But it was a tremendous experience because I had started off in bond trading, worked my way into portfolio management and running the bond indexing team for a number of years, and then I got asked to take this responsibility, which was much broader. DAVIS: Where international equities, because of valuations, probably 7% to 7.5%.

Portfolio 130

Portfolio Investing Investments Numbers 130

The Big Picture

DECEMBER 6, 2022

But when you factor in, you know, legal costs, compliance, portfolio management, trading, there is a lot that goes into launching an ETF. And we’re having very good conversations with clients that I think, at current valuation levels, they remain, you know, very interested in the market and they see some opportunities.

Clients 152

Clients Investing Investments Management 152

Brown Advisory

OCTOBER 11, 2021

ajackson Mon, 10/11/2021 - 11:55 Endowment and Foundation (E&F) Investment Committees often consider the value of alternatives for their nonprofit. Typically, there is an interest in the additional diversification alternatives may offer and the potential to increase return and manage risk. Estimated returns as of June 30, 2021.

Assets 52

Assets Portfolio Risk Tolerance Asset Allocation 52

Brown Advisory

OCTOBER 11, 2021

Mon, 10/11/2021 - 11:55. Typically, there is an interest in the additional diversification alternatives may offer and the potential to increase return and manage risk. With traditional assets like stocks and bonds at high valuations, the implications for future returns of those assets may be underwhelming. © 2021 HFR, Inc. -

Assets 52

Assets Portfolio Risk Tolerance Asset Allocation 52

Good Financial Cents

NOVEMBER 16, 2022

Transaction management: You can receive local market information, offer management, and complete transaction services. Property management: This covers marketing, tenant relations, repairs, maintenance, and construction management. Portfolio management: You get reporting, accounting, oversight, and recommendations.

Investing 87

Investing Investments Portfolio Management 87

The Big Picture

MAY 9, 2023

One, when people have asked me to compare and contrast today versus 2007, 2008, what you hear from a lot of people is, yes, there’s some fairly heady valuations. SALISBURY: I competed at a pretty high level up until the age of 19, up until the age of like around 20 actually, 2021. We’ve seen a couple of these events now.

Assets 286

Assets Clients Investing Investments 286

The Big Picture

SEPTEMBER 26, 2023

And with quantitative easing, there was a continued expansion of this easy money policy in the 2021 timeframe, specifically in the form of reserves being parked at the BA in the bank balance sheets. So C L O formation was at an all time high in 2021 after the CVID 19 pandemic actually had already occurred.

Banking 130

Banking Investing Investments Clients 130

The Big Picture

AUGUST 16, 2022

We do discretionary macro trading, which is typically a portfolio manager — and we have some number of portfolio managers, 15 or 18 different portfolio managers that independently manage a book of, you know, risk assets. So 2021, for equity investors, hey, plus 28% seemed like a great year.

Management 293

Management Assets Risk Management Valuation 293

The Big Picture

MARCH 21, 2023

I was a fixed income portfolio manager and trader, which is a ton of fun. PIMCO out on the West Coast, read the first thing I wrote in the Journal of Portfolio Management. But plenty of valuation measures, it has no applicability for price-to-sales. Program didn’t feel right. I then got just very lucky.

Valuation 161

Valuation Investing Investments Numbers 161

The Big Picture

FEBRUARY 28, 2023

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. You do see some big valuations there. LAYTON: I think they’re very closely linked in many regards. There are some differences.

Clients 141

Clients Investing Investments Assets 141

The Big Picture

MARCH 14, 2023

Everybody wants to sell a company when they get a good valuation. But I think, you know, for us, 2021, in general, towards the end of the year got very hard, right? Obviously, profits, very important to company valuation — BERNSTEIN: Absolutely. The other thing we do, Barry, is we group valuation as a sentiment indicator.

Economy 152

Economy Investing Investments Portfolio 152

The Big Picture

JULY 19, 2022

So, first, I found the book to be quite fascinating, very in depth and you managed to take some of the more technical arcana and make it very understandable. You began as a central bank portfolio manager in Finland. So, that relationship actually already started when I was a portfolio manager, right? ILMANEN: Yes.

Investing 130

Investing Investments Valuation Portfolio 130

The Big Picture

APRIL 11, 2023

 The transcript from this week’s, MiB: Aswath Damodaran: Valuations, Narratives & Academia , is below. You’re known as the dean of valuation. He said, oh, dean of valuation, it’s easier to say. So let’s start with the question, what led you to focus on valuation? RITHOLTZ: Right. And I said, why?

Valuation 286

Valuation Education Government Numbers 286