Brown Advisory

NOVEMBER 12, 2019

Much of Japan’s growth was driven by a rapid rise in bank debt, encouraged by loose-money policies at the Bank of Japan (BOJ, the country’s central bank). Once the bubble in asset prices started to burst, the leverage that had for years fueled growth then worked in reverse, quickly deflating prices.

Investing 52

Investing Investments Assets Economics 52

Brown Advisory

NOVEMBER 12, 2019

Much of Japan’s growth was driven by a rapid rise in bank debt, encouraged by loose-money policies at the Bank of Japan (BOJ, the country’s central bank). Once the bubble in asset prices started to burst, the leverage that had for years fueled growth then worked in reverse, quickly deflating prices.

Investing 52

Investing Investments Assets Economics 52

The Big Picture

MARCH 5, 2024

So I saw many companies then taxed and financial services. So they’d give individual asset allocation to people and they’d go invest their money. And so I remember back, back in 2005 when we first started, you know, we think about the banks. This was gonna be a multi-strategy vehicle.

Banking 141

Banking Portfolio Assets Investing 141

The Big Picture

MAY 9, 2023

Investment banks were not really a known concept in the area where I grew up. I lined up a bunch of job interviews with a variety of banks. And again, I ended up in the financial services audit practice at KPMG. So I got to know banks a little bit. We need a bad bank and a good bank. SALISBURY: Yes.

Assets 286

Assets Clients Investing Investments 286

Brown Advisory

MARCH 30, 2020

Consider how we defined investment risk in our 2018 asset allocation publication, Confronting the Unknown: “The probability that a portfolio will not meet an investor’s needs.” Source: BLOOMBERG Source: Federal Reserve Bank of New York. Essentially, liquidity refers to how quickly an investment can be turned into cash.

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Management Marketing Marketing Clients 52

Brown Advisory

MARCH 30, 2020

Consider how we defined investment risk in our 2018 asset allocation publication, Confronting the Unknown: “The probability that a portfolio will not meet an investor’s needs.” Source: Federal Reserve Bank of New York. These dynamics have dramatically shifted the liquidity landscape across financial markets.

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Management Marketing Marketing Clients 52

Brown Advisory

JUNE 21, 2017

On the upside, active managers are often reluctant to overweight or “chase” the leading stocks in the market because those stocks typically sell at premium valuations. It underperformed primarily during very strong markets, as might be expected given its discipline with regard to valuations. Reasons for this tendency are varied.

Investing 52

Investing Investments Portfolio Management 52

Brown Advisory

JUNE 21, 2017

On the upside, active managers are often reluctant to overweight or “chase” the leading stocks in the market because those stocks typically sell at premium valuations. It underperformed primarily during very strong markets, as might be expected given its discipline with regard to valuations. Reasons for this tendency are varied.

Investing 52

Investing Investments Portfolio Management 52

Brown Advisory

OCTOBER 11, 2021

We believe that the investment return needed to achieve that objective should be the most important guidepost for a portfolio’s asset allocation. These can include aspects like size, time horizon, expertise, financial situation and governance. We believe this is fundamental to building a diversified asset allocation.

Assets 52

Assets Portfolio Risk Tolerance Asset Allocation 52

Brown Advisory

OCTOBER 11, 2021

We believe that the investment return needed to achieve that objective should be the most important guidepost for a portfolio’s asset allocation. These can include aspects like size, time horizon, expertise, financial situation and governance. We believe this is fundamental to building a diversified asset allocation.

Assets 52

Assets Portfolio Risk Tolerance Asset Allocation 52

Brown Advisory

MARCH 30, 2018

While February’s volatility did not materially change our asset allocation views, it reinforced to us the importance of a comprehensive discussion about how we think about risk and how we manage it. Our asset allocation process accounts for a wide range of potential outcomes over the next 18–36 months.

Asset Allocation 52

Asset Allocation Portfolio Assets Valuation 52

James Hendries

MARCH 6, 2023

Watch for renewed demand for health care, communication services, retail, and financial services. Higher interest rates are challenging stock valuations and perhaps pushing the gains further out in 2023, but we still see solid potential for double-digit returns for stocks this year. All index data from FactSet.

Marketing 52

Marketing Marketing Economy Economics 52

The Big Picture

JUNE 13, 2023

You went to school in Paris, but you began your career in London at Merrill and Deutsche Bank. You know, that’s one thing in Europe where London was, I actually think, still remains the one place where you want to get exposure when you join financial services. I joined, effectively, Deutsche Bank.

Banking 141

Banking Assets Investing Investments 141

Brown Advisory

MARCH 13, 2018

and central banks around the world are shifting from quantitative easing to shrinking their balance sheets—albeit slowly—as the global economy emerges from a state of fragility to a more sustainable recovery. Deficits are rising in the U.S., Diversification strategies, including exposure to non-U.S.

Investing 52

Investing Investments Economy Assets 52

Brown Advisory

MARCH 13, 2018

and central banks around the world are shifting from quantitative easing to shrinking their balance sheets—albeit slowly—as the global economy emerges from a state of fragility to a more sustainable recovery. Deficits are rising in the U.S., Diversification strategies, including exposure to non-U.S.

Investing 52

Investing Investments Economy Assets 52

Brown Advisory

FEBRUARY 3, 2017

Outlook for 2017 | Balance in an Uncertain Time achen Fri, 02/03/2017 - 14:19 With that said, we present this discussion of our asset allocation approach and our current portfolio stance as we begin the year. Provide our asset allocation perspective as it stands at the beginning of 2017—also based on a longer-term view.

Asset Allocation 52

Asset Allocation Assets Clients Portfolio 52

Brown Advisory

FEBRUARY 3, 2017

With that said, we present this discussion of our asset allocation approach and our current portfolio stance as we begin the year. In writing this report, we set out to accomplish two goals: Provide a window into our asset allocation philosophy and process, which emphasize a long-term view. Fri, 02/03/2017 - 14:19.

Asset Allocation 52

Asset Allocation Assets Clients Portfolio 52