Equities Fixed Income Hedge Funds Private Equity and Real Estate Sustainable Investing

Equities

We follow a philosophy that low-turnover, concentrated portfolios derived from sound bottom-up fundamental research provide an opportunity for attractive performance results over time. We have a culture and firm equity ownership structure that help us attract and retain professionals who share those beliefs, and we follow a repeatable investment process that helps us stay true to our philosophy.

We construct balanced portfolios for private clients, nonprofits and institutions depending on the needs of the client. We can be 100% open architecture, using third-party managers only, or we can put together a mix of internal and external strategies, whatever is in the client's best interest.

Fixed Income

We follow a philosophy that fixed income strategies built from a foundation of stability coupled with fundamental credit research can seek to generate alpha and control risk. We have a culture and firm equity ownership structure that attract and retain professionals who share those beliefs, and we follow a repeatable investment process that helps us stay true to our philosophy.

We construct balanced portfolios for private clients, nonprofits and institutions depending on the needs of the client. We can be 100% open architecture, using third-party managers only, or we can put together a mix of internal and external strategies, whatever is in the client's best interest. Meet the Investment Solutions Group.

Hedge Funds

Hedge Funds

The Investment Solutions Group is an investment-management team within Brown Advisory that specializes in asset allocation, manager selection, hedge funds and other alternative investment strategies. Dedicated to open-architecture solutions, our team has established a strong track record of identifying high-quality, third-party investment managers across the hedge fund, long-only and private equity universes. We leverage this expertise to help clients assemble portfolios that we believe best fit their needs and goals, offering clients a range of solutions from complete portfolio management to fulfillment of specific hedge-fund and alternative-asset mandates.

Founded in June 2002, the Investment Solutions Group now manages in excess of $3.4 billion for clients (data as of January 31, 2017) in a combination of managed accounts, advisory relationships and fund-of-fund offerings.

Private Equity and Real Estate

Private Equity and Real Estate

Brown Advisory has incorporated private equity and real estate investments in client portfolios since our founding. Today, we can provide that exposure in three distinct ways.

Feeder Funds and Multimanager Funds
We introduce clients to investment opportunities in early- and late-stage venture capital and buyout funds, as well as select real estate funds. We also construct these feeder funds into multimanager funds through our Private Equity Partners (PEP) and Real Estate Partners (REP) vehicles to make private equity investing as easy as possible for our clients.

Customized Private Equity Portfolios
For most clients, private equity is one component of a balanced portfolio that we manage. Other clients, however, come to us specifically for custom-built private equity and real estate portfolios.

For more information on private equity please click here or contact Jacob Hodes at 410-537-5315 or [email protected].

Sustainable Investing

Sustainable Investing Strategies

  • Multi-Manager Strategies
  • For clients seeking an open-architecture solution, we have access to several of the premier sustainable managers in the industry - all vetted by internal research.
  • Private Equity
  • Our private equity team is focused on evaluating the growing universe of private impact investments to identify standout opportunities that target various issues of particular concern to our clients. To date, we have placed assets in investments targeting a variety of impact themes such as community impact, microfinance, education technology, sustainable real estate, water initiatives and others.*
  • *Many alternative investments by regulation may only be sold to Accredited Investors (institutions with at least $5 million in assets) or Qualified Purchasers (institutions with at least $25 million in investments).

Customized Portfolios

This diverse assortment of solutions will meet many clients’ sustainability objectives; however, we understand the continued evolution of this space and seek to be able to react quickly to client needs.

For clients with unique missions, value-aligned investing programs, or who simply wish to ensure that they do not own certain controversial companies or have access to certain industries, we offer the following customized options:

Additional Screening: To the extent we have reliable data and can build rules into our compliance systems, we can add specific screens to a separate account to restrict companies (e.g. oil and gas providers) or industries (e.g. tobacco or weaponry).

Customized and Thematic Portfolios: Within a separate account, we can work together to solve for a sustainability need. From a universe of securities researched from both the bottom-up and for their ESG profile, we can assemble a custom portfolio of securities designed to meet many specific sustainable goals or outcomes.

Brown Advisory Promotions for 2017
 

As the culmination of our 2017 promotion process, we are pleased to announce the recognition of 21 individuals that have reached a major milestone in their careers as Partner (4) and Principal (17) stockholders of the firm.

This recognition has been awarded after careful consideration by committees made up of approximately 45 individuals, representing each area of the firm, over the course of the last three months. The promotion process is an important component of Brown Advisory’s culture, whereby we are not only recognizing individuals for their contributions to the success of the firm, but also for exemplifying the values inherent in an inclusive environment and our DNA. These following colleagues have not only demonstrated consistent growth in expertise, thought leadership and position responsibility, but have also shared that expertise via teamwork, mentorship and community service.

We have no doubt that they will continue to be value drivers for the firm and challenge us to be better.

Partner Biographies

Catherine McDonnell

Portfolio Manager

Catherine McDonnell is a portfolio manager at Brown Advisory. Prior to joining the firm in 2013, she spent nine years as a vice president and senior investment advisor at Mercantile Investment and Wealth Management and later PNC Wealth Management in Baltimore. Before that, Catherine was an analyst on the municipal bond trading desk and an associate on the institutional equity sales desk at Lehman Brothers in New York City.

Education: Johns Hopkins University, MBA (2005); Dartmouth College, BA (1998)
Hire Date: 6/24/2013
Year Promoted to Principal: 2013

 

Nicole Nesbitt

Head of Institutional Relationship Management

Nicole Nesbitt leads the Institutional Relationship Management team in developing and implementing proactive and ongoing client service initiatives intended to build strong relationships for business development and client retention. Prior to this role Nicole was a member of the Institutional Relationship Management team providing client service for the firm’s institutional clients and previously, was in the Private Equity Group working with private equity investors.

Education: Loyola University, MBA (2016); Purdue University, BA (1993)
Hire Date: 3/6/2011 (ABIM)
Year Promoted to Principal: 2013

 

Simon Paterson

Equity Research Analyst

Simon Paterson, CFA, is an equity research analyst focusing on the industrials and basic materials sectors. Prior to joining the firm, he worked as a senior equity analyst at MTB Investment Advisors in Baltimore, MD.

Education: Princeton University, MA (2002); Queen’s University, BSc and BA with Honors and Distinction (1999)
Hire Date: 9/12/2011
Year Promoted to Principal: 2014

 

Stephen Shutz

Portfolio Manager

Steve Shutz, CFA, is a portfolio manager and primarily concentrates on the management, trading and analysis of tax-exempt bonds. Prior to joining the firm, Steve was a vice president and assistant portfolio manager at Cavanaugh Capital Management (CCM) responsible for the trading of tax-exempt securities and portfolio analytics. Before joining CCM, he was a portfolio and research analyst at Merrill Lynch. Steve began his investment career at Legg Mason.

Education: Frostburg State University, BS (1995)
Hire Date: 6/16/2003 (Cavanaugh)
Year Promoted to Principal: 2013

 

Principal Biographies

Jospeph Baylin

Private Equity Analyst

Joseph “JJ” Baylin is a private equity analyst with responsibilities including sourcing and performing due diligence on fund managers operating within the private equity, venture capital, debt, energy and real estate sectors. Additionally, he is a member of the Private Alternative Strategies Committee, a group responsible for approving new alternative investments for the firm.

Education: Johns Hopkins Carey Business School, MS Real Estate (2015); Dickinson College, BA (2009)
Hire Date: 4/16/2010

 

Leona Byrnes

Director of Human Resources

Leona Byrnes joined Brown Advisory in January 2008 as an HR Generalist, and is currently the Director of Human Resources. Leona has over 15 years of HR experience and has held multiple roles in various locations across the United States and Canada. Prior to joining Brown Advisory, she served as an HR Generalist at Affiliated Managers Group in Boston, MA. She holds a Professional in Human Resources (PHR) certification.

Education: St. Francis Xavier University; Nova Scotia Community College
Hire Date: 1/2/2008

 

Chris Chalke

Private Client Relationship Associate

Christopher T. Chalke is a private client relationship associate at Brown Advisory. In his role, Chris is responsible for day to day client service across multiple relationships, including institutions and private clients . Prior to joining Brown Advisory in 2012, Chris was an analyst at BNY Mellon Asset Servicing in Boston, MA.

Education: Providence College, BA (2007)
Hire Date: 11/12/2012

 

Kenneth Coe III

Equity Research Analyst

Kenneth Coe, CFA, is an equity research analyst covering the financial sector. Prior to joining the firm, he served as an analyst at First Annapolis Consulting and also worked on a financial econometrics research study.

Education: Wake Forest University, BA (2010)
Hire Date: 5/6/2013

 

Louisa Cotrell

Marketing and Events Associate

Louisa Cottrell is part of the messaging and events team for Brown Advisory’s international business. Louisa joined Brown Advisory in January 2011. Louisa achieved her B.A. (Hons) from Exeter University in 2010, where she studied English and History.

Education: Exeter University, BA (2010)
Hire Date: 1/4/2011

 

John Davis

Key Account Manager

John Davis is a member of the firm’s U.S. Financial Intermediaries sales team. His primary responsibilities include new business development and distribution with banks, insurance companies and other financial intermediaries. Prior to his current responsibilities, he was responsible for new business development and distribution with registered investment advisors and bank trusts.

Education: Loyola University Maryland, BBA (2012)
Hire Date: 7/13/2012

 

Gus de los Reyes

Chief Information Security Officer

Gus de los Reyes joined Brown Advisory in 2016 as the Chief Information Security Officer. He is responsible for information security and risk management to help us ensure the security of our systems and data. Prior to joining Brown Advisory, Gus served as Executive Director of Technology Security at AT&T. He has over 20 years of experience in information security.

Education: Massachusetts Institute of Technology, BS (1980); Massachusetts Institute of Technology, MS (1983); Columbia University, PhD (2000)
Hire Date: 5/23/2016

 

Christopher Gibson

Institutional Relationship Manager

Chris Gibson is a member of the Institutional Relationship Management team. Prior to joining Brown Advisory, Chris was an associate director in investment banking at UBS in its Global Power and Utilities Group. Prior to UBS, he worked at Wachovia Wealth Management as a sales and investment management associate and at Goldman Sachs in US Shares Equity Trading.

Education: Washington University in St. Louis (Olin School of Business), MBA (2008); Morehouse College, BA (1999)
Hire Date: 9/23/2013

 

Teddy Lamade

Portfolio Manager

Edward “Teddy” Lamade is a portfolio manager who is responsible for building balanced portfolios for both institutional and high net worth families. Prior to joining Brown Advisory, Teddy was a vice president in the interest rate and multiproduct groups at Bank of America Merrill Lynch.

Education: The University of Virginia Darden School of Business, MBA (2013); Georgetown University, MALS – International Affairs (2006); The University of Virginia, BA (2004)
Hire Date: 6/10/2013

 

Jennifer Larson

Private Client Relationship Advisor

Jennifer Larson, CFA, is a relationship advisor at Brown Advisory. She is responsible for managing relationships with both institutional and high net worth clients, including families and foundations and has more than 14 years of experience in the financial industry. Prior to joining Brown Advisory, Jennifer was a vice president at Goldman Sachs where she served high net worth clients in a variety of roles including client service, portfolio management, trading and operations. She began her career at BlackRock working with institutional clients on their fixed income portfolios and has also worked at AllianceBernstein and Geneva Global helping clients to achieve their financial and philanthropic goals.

Education: Cornell University, BA (2002); London School of Economics, General Course (2001)
Hire Date: 3/17/2014

 

Patrick Mahoney

Equity Research Analyst

Patrick Mahoney is an equity research analyst covering the consumer sector. Prior to joining the firm, he was an associate analyst at Oppenheimer & Co.

Education: University of Notre Dame, BS (2007)
Hire Date: 2/19/2013

 

Emily Mathews

Equity Research Analyst

Emmy Mathews, CFA, is an equity research analyst who focuses primarily on the software and services companies in the Technology sector. Prior to joining the firm, she worked in equity research at Morgan Stanley.

Education: Washington and Lee University (2011)
Hire Date: 6/14/2013

 

Josh Morehouse

Technical Help Desk Manager

Joshua Morehouse joined the firm in October 2013 as the Technical Help Desk Manager. Joshua has over 20 years of experience in technical support and IT operations. Prior to joining Brown Advisory, Joshua was the IT Manager for Steben & Company, a mid-sized financial services firm specializing in Managed Futures Funds and Mutual Funds. Previously to that, he was at FBR Capital Markets for eight years where he held numerous positions of increasing responsibility including Manager of Network Operations, Manager of Field Services and Director of Client Services.

Education: Montgomery College (1998)
Hire Date: 10/13/2014

 

Shooter Starr

Client Advisor

Alexander “Shooter” Starr is a client advisor with Brown Advisory in the Washington, D.C. office. Prior to joining the firm, he worked at Neuberger Berman where he was a team lead and responsible for leading/coordinating Alternatives fundraising efforts. Prior to this, he served as an Associate Director of development at the University of Virginia.

Education: The University of Virginia, BA (2003)
Hire Date: 10/15/2012

 

Keith Stone

Private Equity Analyst

Keith Stone, CAIA, is a private equity analyst with responsibilities including sourcing and performing due diligence on fund managers operating within the private equity, venture capital, debt, energy and real estate sectors. Additionally, he is a member of the Private Alternative Strategies Committee, a group responsible for approving new alternative investments for the firm.

Education: Loyola University Maryland, BA (2009)
Hire Date: 8/8/2011

 

Carey Taylor

Product Manager

Carey Taylor is responsible for managing and overseeing the business operations, administration and governance of the firm’s mutual funds. Carey also oversees relations with each of the firm’s affiliated boards. Prior to joining the firm in 2013, Carey held roles at T. Rowe Price in their Third Party Distribution and Intermediary Risk Management Groups.

Education: College of Charleston, BS (2009)
Hire Date: 3/20/2013

 

Lyn White

Credit Analyst

Lyn M. White, CFA, is a credit analyst and member of the fixed income investment team. Prior to joining the firm she was a senior investment analyst with Fidelity & Guaranty Life Insurance helping to manage the company’s multi-billion dollar insurance portfolio. Lyn was instrumental in building the company’s private placement portfolio and covered investment grade, high-yield, and private placement securities across multiple industry sectors. Prior to joining Fidelity & Guaranty Life Insurance, Lyn was a senior portfolio manager for Standard Insurance Company where she was responsible for credit analysis and portfolio management. She began her career working for Christiana Bank & Trust Company, supporting the firm’s fixed income and equity research efforts along with private client portfolio construction and management.

Education: University of Delaware, Alfred Lerner College of Business and Economics, BS (2003)
Hire Date: 6/29/2015

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