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Global Leaders Strategy Investment Letter: August 2023

Brown Advisory

Download it here > The Hidden Trouble Within Dear Fellow Investors, We have fielded a number of questions over the past six months from clients and prospects about how we think about and control factor risks within the Global Leaders strategy. In 2022, we invested in Coloplast, our first new health care company for three years.

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Are Alternatives Right for Our Organization?

Brown Advisory

Muted Expectations Over past decades investors have had to take more risk in order to meet the same return hurdle. With traditional assets like stocks and bonds at high valuations, the implications for future returns of those assets may be underwhelming. This analysis is not intended to be a guarantee of future results.

Assets 52
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Are Alternatives Right for Our Organization?

Brown Advisory

Over past decades investors have had to take more risk in order to meet the same return hurdle. With traditional assets like stocks and bonds at high valuations, the implications for future returns of those assets may be underwhelming. This analysis is not intended to be a guarantee of future results. Muted Expectations.

Assets 52
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Beyond Bottom-Up

Brown Advisory

Therefore, we are constantly seeking to innovate and bring additional perspectives into our fundamental research—to go “beyond bottom-up” investing in our quest to generate outperformance for our clients. More and more of our new and existing clients— individuals, families and institutions—focus on this issue and look to us for solutions.

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Beyond Bottom-Up

Brown Advisory

Therefore, we are constantly seeking to innovate and bring additional perspectives into our fundamental research—to go “beyond bottom-up” investing in our quest to generate outperformance for our clients. The following are ways we seek to identify additional risks and opportunities outside traditional analysis: Investigative research.