Brown Advisory

AUGUST 14, 2023

Performance figures may vary from actual portfolio performance, as calculations are based on end-of-day security prices and do not incorporate the actual cost basis or sale price of individual securities. Please see the end of this letter for a GIPS Report, important disclosures and a complete list of terms and definitions.

Investing 52

Investing Investments Portfolio Accounting 52

Brown Advisory

JUNE 1, 2023

Many companies that are traditionally perceived as ‘value stocks’, such as energy and financial services, do not typically fit the traditional mold of an ESG investment and have often been overlooked. Please see the last page for a complete list of terms and definitions. Sector weights include cash and cash equivalents.

Portfolio 52

Portfolio Valuation Investing Investments 52

Brown Advisory

OCTOBER 4, 2021

Chart covers both the equity and fixed income portions of the sustainable model portfolio and the MSCI ACWI Index. *The The portfolio information above represents a model portfolio. It is not representative of an actual portfolio. Please see the end of the presentation for a complete list of terms and definitions.

Portfolio 52

Portfolio Asset Allocation Clients Assets 52

Brown Advisory

OCTOBER 4, 2021

Chart covers both the equity and fixed income portions of the sustainable model portfolio and the MSCI ACWI Index. . The portfolio information above represents a model portfolio. It is not representative of an actual portfolio. Please see the end of the presentation for a complete list of terms and definitions. .

Portfolio 52

Portfolio Asset Allocation Clients Assets 52

The Big Picture

NOVEMBER 14, 2023

00:02:59 [Speaker Changed] I was not, I was waitressing one summer, my final summer after my senior year and a friend called and said, I just interviewed with the financial services company. It was Mass Financial Services. Didn’t really think about going into financial services. Managing them.

Math 130

Math Management Insurance Assets 130

The Big Picture

MAY 23, 2023

My dad was a public GP, you know, in the National Health Service in England and my mom was a public school teacher. And quite frankly, I didn’t know what financial services was. So, GOG, discretionary portfolio management. Definitely. My — my roots were very more reasonably humble. GREW: Uh-oh.

Clients 154

Clients Management Engineering Investing 154

Brown Advisory

OCTOBER 11, 2021

We believe that a strong network of relationships and history with managers; a robust due diligence process for manager selection, sizing and term negotiation; and dedicated team members devoted to each asset class contributes to long-term results. An index constituent must also be considered a U.S. © 2021 HFR, Inc. -

Assets 52

Assets Portfolio Risk Tolerance Asset Allocation 52

Brown Advisory

OCTOBER 11, 2021

We believe that a strong network of relationships and history with managers; a robust due diligence process for manager selection, sizing and term negotiation; and dedicated team members devoted to each asset class contributes to long-term results. An index constituent must also be considered a U.S. © 2021 HFR, Inc. -

Assets 52

Assets Portfolio Risk Tolerance Asset Allocation 52

The Big Picture

JULY 18, 2023

BARRY RITHOLTZ, HOST, MASTERS IN BUSINESS: This week on the podcast, I have an extra special guest, Tom Wagner, co-founder and portfolio manager at Knighthead Capital. So those things definitely stand out. I was definitively a minority in every way. It was a really valuable set of experiences for me. RITHOLTZ: Right.

Investing 130

Investing Investments Assets Insurance 130

The Big Picture

MARCH 7, 2023

Maria Vassalou has a fascinating history and background, London School of Economics to Columbia School of Business, where she actually was a professor for over a decade, and started consulting to the hedge fund and financial services industry. And at the SAC Capital, it was all about risk management. VASSALOU: Yes.

Assets 164

Assets Management Portfolio Marketing 164

The Irrelevant Investor

JULY 19, 2016

By definition, everybody can't beat the market. A large swath of the financial services industry would love to have you believe in their magic. Probably the most relevant definition of risk is the likelihood of running out of money, Rick Ferri and William Bernstein are cut from the same cloth. But it just wasn't the case.

Investing 52

Investing Investments Asset Allocation Assets 52

Brown Advisory

APRIL 18, 2018

Balancing Act | For Good Measure: How We Value Global Leaders achen Wed, 04/18/2018 - 11:03 Valuation is a critical component of active investment management, yet many investors restrict themselves to a very narrow view of valuation by focusing on simple metrics like the price/earnings (P/E) ratio.

Valuation 52

Valuation Portfolio Investing Investments 52

Brown Advisory

APRIL 18, 2018

Valuation is a critical component of active investment management, yet many investors restrict themselves to a very narrow view of valuation by focusing on simple metrics like the price/earnings (P/E) ratio. In this article, Global Leaders portfolio managers Mick Dillon and Bertie Thomson discuss the dangers of oversimplifying valuation.

Valuation 52

Valuation Portfolio Investing Investments 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. Criteria evaluated include: market capitalization, financial viability, liquidity, public float, sector representation, and corporate structure. small-cap stocks.

Economics 52

Economics Economy Communication Clients 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. Criteria evaluated include: market capitalization, financial viability, liquidity, public float, sector representation, and corporate structure. small-cap stocks.

Economics 52

Economics Economy Communication Clients 52

The Big Picture

FEBRUARY 28, 2023

And this isn’t dissimilar from what’s happened in prior eras within the financial services sector. And I know there may not be any definitive answer. I mean, if you think about the public markets in the ‘80s, right, you had stockbrokers that were driving Ferraris, right? What’s your theory here?

Clients 143

Clients Investing Investments Assets 143

The Big Picture

MAY 21, 2024

And meanwhile, I was doing, you know, I was working at this financial services company and I was really interested in what they were doing. So, so you’re, you’re definitely channeling a little Farrell. 01:09:14 [Speaker Changed] Oh, rich, definitely. That’s right. Rule number nine from Bob Farrell.

Numbers 143

Numbers Management Banking Marketing 143

The Big Picture

APRIL 11, 2023

RITHOLTZ: — we’re going to definitely come to ESG. So when he bought Goldman Sachs in November of 2008 and Bank of America in November 2008, I thought about a traditional portfolio manager doing the same thing and trying to explain to their clients what they just did. Let’s stay with small cap for a second.

Valuation 289

Valuation Education Government Numbers 289