Brown Advisory

SEPTEMBER 3, 2015

China’s plummeting stock prices, slowing economic growth and currency volatility have pushed many investors out of the market. Behind the change in investor sentiment lies deteriorating economics in China. Economic recoveries usually feature a surge in consumption as employment and wages rebound. Dream or Opportunity?

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Brown Advisory

JUNE 3, 2015

The economic expansion is weak and inflation is still below the central bank’s 2% target. equity market: A comparatively quick interest rate increase counteracts the benefit from stronger economic growth, impairing profitability and valuations. Concern about future economic growth undermines valuations.

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Brown Advisory

SEPTEMBER 3, 2015

Consider this scenario: An economy is shrinking, government debt is ballooning and emigration is eroding the workforce. Yet creditors shrug off signs of decline and cling to public-sector bonds yielding as much as 15%—until the government abruptly drops the pretense of fiscal solidity and labels the debt unpayable. Not Appropriate.

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Brown Advisory

APRIL 1, 2015

Almost exactly five years ago, we wrote a piece entitled Bubbles, which discussed the sharp rally in stocks from the lows of early 2009 and the risks of the growing federal deficit that resulted from government bail-outs and fiscal stimulus during the financial crisis. Possible Signs. Then and Now.

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ClearMoney

NOVEMBER 4, 2021

As with many things in life, the truth is somewhere between the extremes: While both simulated and real-world data suggest momentum may not be suitable as a driver of long-term asset allocations, we believe momentum considerations can be integrated in a cost-effective way to help inform daily portfolio management decisions.

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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. France and Germany. small-cap stocks.

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Brown Advisory

SEPTEMBER 11, 2016

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. Innovation and dynamism are alive and well despite several years of low economic growth. Mon, 09/12/2016 - 02:00. versus 1.9

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Bell Investment Advisors

JUNE 29, 2023

I’m joined here today by Ryan Kelley, Lead Portfolio Manager and Research Analyst for Bell. government stepped in, and they wanted to avert a panic. So, there was less risk of a run because of the Federal government saying, “Hey, don’t worry about this. 0:17 Ryan Kelley: Thanks. Happy to be here.

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Brown Advisory

SEPTEMBER 22, 2017

ESG and the Stock-­Picker’s Dilemma achen Fri, 09/22/2017 - 12:58 One of the greatest challenges that public equities investors face to integrating environmental, social, and governance (ESG) data into their decision making is the lack of proof that real – not hypothetical – investment strategies can use ESG factors to enhance performance.

Portfolio 52

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Brown Advisory

SEPTEMBER 22, 2017

One of the greatest challenges that public equities investors face to integrating environmental, social, and governance (ESG) data into their decision making is the lack of proof that real – not hypothetical – investment strategies can use ESG factors to enhance performance. ESG and the Stock-­Picker’s Dilemma. Fri, 09/22/2017 - 12:58.

Portfolio 52

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Bell Investment Advisors

MARCH 15, 2023

Original air date: Monday, March 13th, 2023 at 12pm PDT Presenter: Portfolio Manager Ryan Kelley, CFA® Slide 1: Annual Review and Outlook 0:00 Good afternoon. I’m a portfolio manager here at Bell Investment Advisors. And, I used an intermediate government bond index that Morningstar has compiled. government.

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Brown Advisory

JUNE 21, 2017

Investment Perspectives - The Great Debate achen Wed, 06/21/2017 - 12:35 Aside from some current political and economic topics that dominate the financial media, the most widely debated investment issue today involves the merits of passive investing, or indexing. High portfolio turnover can be an indicator of changing risk.

Investing 52

Investing Investments Portfolio Management 52

Brown Advisory

JUNE 21, 2017

Aside from some current political and economic topics that dominate the financial media, the most widely debated investment issue today involves the merits of passive investing, or indexing. Manager Characteristics. High portfolio turnover can be an indicator of changing risk. Investment Perspectives - The Great Debate.

Investing 52

Investing Investments Portfolio Management 52

Brown Advisory

DECEMBER 2, 2015

In 2015, though, three trends began to weigh on stock prices: equity valuations rose above their historical average, record central-bank stimulus failed to fuel faster growth, and corporations, having already wrung out significant inefficiencies, made fewer gains in streamlining and improving profit margins, especially in the U.S.

Economy 52

Economy Taxes Clients Assets 52

The Big Picture

OCTOBER 17, 2023

I want to get into that before we start talking about asset management. A degree in mathematics from Oxford, a doctorate in mathematical epidemiology and economics from Cambridge. And you do a lot of work with infinity [Barry Ritholtz] : 00:03:29 [Speaker Changed] And then economics, which is a little bit squishier.

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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?

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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. So a variety of risk meetings, a variety of economic meetings.

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Brown Advisory

MARCH 28, 2019

This model (results will vary depending on asset allocation, economic assumptions and other variables) posits a 43% chance that a 70/30 portfolio under these market and spending conditions will preserve capital over ten years. Increasing equity exposure all the way to 90% only increases the likelihood of preserving capital to 46%.

Asset Allocation 52

Asset Allocation Portfolio Assets Clients 52

Brown Advisory

MARCH 28, 2019

*We would like to acknowledge the work of Peng Wang and John Spinney on this topic over the past several years which helped inspire our own thinking, with particular reference to their article “Combining Science and Judgment to Balance Short-Term and Long-Term Goals” in the Fall 2017 edition of the Journal of Portfolio Management.

Asset Allocation 52

Asset Allocation Portfolio Assets Clients 52

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. Tell us a little bit about your research.

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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?

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The Big Picture

DECEMBER 12, 2023

00:44:11 [Speaker Changed] Kathy would may have her own valuation, so, but I can’t replicate it myself. They had a dispute with the government where the government claimed that they were overbilling on some cases. That’s the value that I am looking for. That 00:47:02 [Speaker Changed] Is a big difference.

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Management Investing Investments Retail 256

The Big Picture

DECEMBER 20, 2022

It’s just a fascinating conversation about looking at the world from both bottoms up and top-down, as well as thinking about what valuations are like, how likely are macro events, the impact you’re getting not just the return on capital, but as famously said in fixed income, a return of your capital. In the U.S., RITHOLTZ: Wow.

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The Big Picture

JULY 19, 2022

You began as a central bank portfolio manager in Finland. And when I was studying in university economics, I did not really get the passion. And when I was studying in university economics, I did not really get the passion. So, that relationship actually already started when I was a portfolio manager, right?

Investing 130

Investing Investments Valuation Portfolio 130

The Big Picture

FEBRUARY 12, 2024

00:02:18 [ David Einhorn ] I, I studied government. I was a government major and the thing with me is that I don’t really think too far out into the future. And at that point, I decided what I really wanted to do was be a PhD in economics. I’m the portfolio manager and I’m actually the only portfolio manager.

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Management Investing Investments Economy 279