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 jhodes@brownadvisory.com.

HOPE VS. FEAR: WINNING THE HEARTS AND MINDS OF ARAB YOUTH

The Middle East, although torn by conflict, shows long-term promise, with a proportionally large and growing population of youth that is online, tech savvy and eager to find economic opportunities. Indeed, the misperception that Arab youth are hostile militants prompts diplomatic approaches to the region that are detrimental to people both within and outside the Arab world, according to the panelists at the NOW 2016 session, “Hope Versus Fear: Winning the Hearts and Minds of Arab Youth.”

Brown Advisory's NOW 2016 | Navigating Our World

Watch highlights from the NOW 2016 session titled, Hope vs. Fear: Winning the Hearts and Minds of Arab Youth.

Young people across the region seek to educate themselves and to break free from schooling that is aimed at creating obedient citizens who lack skills in critical thinking, according to Nadia Oweidat, a fellow with the International Security Program at New America. Youth express their autonomy and individuality online in ways as simple as posting comments in a chat room or creating their own Facebook page, said Oweidat, who has researched the impact of social media in the region. “You cannot undo the individualism among Arab youth,” she said. “The citizenry is completely different from what the regimes want to control.”

Arab youth have the same aspirations as their counterparts in the West—a job, marriage and family, according to Rami Khouri, director of the Issam Fares Institute for Public Policy and International Affairs at the American University of Beirut. Yet most countries in the region lack the political and social structures that can help youth reach their goals. Consequently, the younger population has splintered—a small number of terrorists make up one extreme, and a small number of entrepreneurs pursue their ambitions on the other extreme. In the middle, youth seek to emigrate, or they create parallel lives on the Internet or through social life at a mall, according to Khouri. Among some youth, the United Arab Emirates has become a magnet for entrepreneurs and venture capitalists, thanks to a legal system that protects private property, according to Chris Schroeder, an investor and author of Startup Rising: The Entrepreneurial Revolution Remaking the Middle East.

Brown Advisory's NOW 2016 | HOPE VS. FEAR: WINNING THE HEARTS AND MINDS OF ARAB YOUTH
In his address about the crisis in the Middle East at the 2015 World Economic Forum, John Kerry highlighted the race between hope denied and hope fulfilled [that] will be one of the most significant factors to shape the world that we will live in and that our children will inherit. Undoubtedly, the fulfillment of the hopes of Middle-Eastern youth under the age of 25—who represent some 60% of the entire population of the Middle East—will be perhaps the most important determinant of the economic and social direction of the region. A panel of leading regional experts on topics from political and social policy to entrepreneurship to social media discuss ideas to reach this population with positive solutions that can counter the fear-driven messages behind extremist organizations.Still, the region is hamstrung by oligarchies that for years have counted on the support of foreign powers, Khouri said. The rulers tolerate initiatives such as literacy programs or entrepreneurship while tightly controlling access to political and economic power. With roughly 40% of the region’s workforce employed in the gray-market economy, tens of millions of citizens are stuck at a subsistence level with little hope of advancement. The region needs political reform and economic policies that spur job creation and productivity, according to Khouri.

The U.S. and other foreign powers need to recognize that the region can be most effectively influenced through so-called soft power rather than through military action, Khouri said. Washington should advocate that the rule of law apply to all the parties in a dispute, leveraging the fact that many people in the region admire U.S. ideals, he added.

While acknowledging challenges across the Arab world, Khouri said he sees reason for optimism in the Vision 2030 announcement in April by Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman. The package of economic and social policies was presented as a way to free the kingdom from dependence on oil exports. Yet, according to Khouri, the plan is also a tacit indication that the government knows it can no longer expect to have the same degree of power over people’s lives.

 

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.

This communication and any accompanying documents are confidential and privileged. They are intended for the sole use of the addressee. Any accounting, business or tax advice contained in this communication, including attachments and enclosures, is not intended as a thorough, in-depth analysis of specific issues, nor a substitute for a formal opinion, nor is it sufficient to avoid tax-related penalties


SPEAKERS

Rami Khouri
Director, Issam Fares Institute for Public Policy and International Affairs, American University of Beirut

Nadia Oweidat, Ph.D.
Smith Richardson Fellow, International Security Program, New America

Christopher Schroeder
Author, Startup Rising: The Entrepreneurial Revolution Remaking the Middle East

Moderator: Mick Dillon, CFA
Global Leaders Portfolio Manager, Brown Advisory
 

Full Session - Video

Full Session - Audio

 

NOW 2016 Session Recaps and Videos

(Please click on any session title below to navigate to the recap and video page for that session.)

Welcome to the NOW 2016 Review

Innovation Physics

Reviving the American Dream: Confronting Inequality in the U.S.

Gene Editing: Empowering a Cure for Cancer and Other Medical Breakthroughs

Hope vs. Fear: Winning the Hearts and Minds of Arab Youth

Energy, Money and the New World Economy

Autonomous Systems: Ethics at the Edge of Technology

The Future of College: Is It Worth the Money?

China’s Age of Ambition

Strokes, Science and Video Games: Breaking New Neurological Ground in Treating Stroke Patients

Driverless Cars: Transforming Energy and Mobility

Putin’s World

The Reality of Climate Change: Impacts on Health, Food, Water and National Security

Taking Courage in the Face of Disruption and Rapid Change

 

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