Equities Fixed Income Hedge Funds Private Equity, Real Estate and Energy

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, Real Estate and Energy

Private Equity, Real Estate and Energy

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 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].

DRIVERLESS CARS: TRANSFORMING ENERGY AND MOBILITY

Driverless cars will vastly improve what it means to be “on the road,” according to Lawrence Burns, advisor to Google on the Future of Transportation and Mobility. So-called autonomous vehicles could reduce the 1.2 million annual fatalities on world roads by 80%. Compared with current vehicles, a two-person electric “pod” could be 10 times more energy efficient and dramatically cut per-mile travel costs. Cars would also be used far more efficiently. Currently, the typical vehicle is unused about 90% of the time, logging just 15,000 miles per year compared with the 70,000-mile-per-year average use of a New York City taxi.

Brown Advisory's NOW 2016 | Navigating Our World

Watch highlights from the NOW 2016 session titled, Driverless Cars: Transforming Energy and Mobility.

The radical change in mobility has five concurrent themes—connected, coordinated, shared, driverless and tailored, said Burns, citing his insights from four decades of research at General Motors and his current position as an advisor to Google. The introduction of autonomous vehicles may begin on a large scale as early as 2018, he said.

It is easy to lose sight of how far human mobility has progressed. In 1903, crossing the U.S. took 63 days. Thirteen years later, the trip took just five days. Today, Google’s autonomous vehicle has logged more than 1.5 million fully autonomous miles.

While consumer demand is fueling the growth of driverless car technology and services such as Uber, regulation is the main force behind development of the electric car, according to Burns. The electric vehicle—including advanced electric and fuel cell drive trains—will probably become commonly used in 2020- 2025, he said. The gasoline-powered engine will not be supplanted in the near term.

Brown Advisory's NOW 2016 | DRIVERLESS CARS: TRANSFORMING ENERGY AND MOBILITY
Technology is redefining the concept of the car as “the ultimate mobile device,” and firms ranging from old-line auto manufacturers like General Motors and Toyota, to cutting-edge technology companies like Apple and Google, are racing to make their mark in the brave new world of driverless vehicles. Larry Burns, seasoned automotive executive and current advisor to Google’s transportation effort, will discuss his views on how the reinvention of the automobile will transform our economy and society.Fast Lane

Burns suggested that investors get in front of the driverless trend and the need to proactively manage risks. That requires an understanding of what is possible with new technology and new business models, as well as the potential hazards from computeroperated vehicles. He said businesses and investors should keep in mind a maxim—“Do unto others before others do unto you.”

Incumbent auto companies face disruption on many fronts. Companies such as Uber, Lyft and Zipcar are changing ownership needs and the use of cars. Tesla is pushing electrification into the mainstream. Google and Apple, and suppliers such as Mobileye, Delphi and NXP Semiconductor are bringing autonomous vehicles within reach. The traditional automakers are racing to catch up. GM has built a partnership with Lyft and is making its first serious foray into mass-market electrification with the Chevy Bolt, which it rolled out before Tesla’s Model 3. At Brown Advisory, we have taken a selective approach to investing in autonomous cars, mindful of the high levels of disruption. We have invested in companies that have enabled greater technological sophistication in cars, including NXP Semiconductor, Amphenol and TE Connectivity. Meanwhile, we are looking for new winners in the transition to a digital auto, as well as the dinosaurs that fail to evolve.

 

The views expressed are those of the author and Brown Advisory as of the date referenced and are subject to change at any time based on market or other conditions. These views are not intended to be and should not be relied upon as investment advice and are not intended to be a forecast of future events or a guarantee of future results. Past performance is not a guarantee of future performance. The information provided in this material is not intended to be and should not be considered to be a recommendation or suggestion to engage in or refrain from a particular course of action or to make or hold a particular investment or pursue a particular investment strategy, including whether or not to buy, sell, or hold any of the securities mentioned. It should not be assumed that investments in such securities have been or will be profitable. To the extent specific securities are mentioned, they have been selected by the author on an objective basis to illustrate views expressed in the commentary and do not represent all of the securities purchased, sold or recommended for advisory clients. The information contained herein has been prepared from sources believed reliable but is not guaranteed by us as to its timeliness or accuracy, and is not a complete summary or statement of all available data. This piece is intended solely for our clients and prospective clients, is for informational purposes only, and is not individually tailored for or directed to any particular client or prospective client.

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