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.

REVIVING THE AMERICAN DREAM: CONFRONTING INEQUALITY IN THE U.S.

The speakers for the session entitled, "Reviving the American Dream: Confronting Inequality in the U.S.," wasted no time digging down to a bedrock question—why should Americans care about a widening gap between rich and poor?

Brown Advisory's NOW 2016 | Navigating Our World

Watch highlights from the NOW 2016 session titled, Reviving the American Dream: Confronting Inequality in the U.S..

Alexis de Tocqueville provided the answer: "self-interest rightly understood." Widening inequality, while fueling social tension and wasting human potential, erodes the relative buying power of the middle class. With consumption fueling about two-thirds of U.S. growth, stagnating wages among the core of the population could weaken economic dynamism.

Much more than a pocketbook issue, poverty exacts a huge emotional toll on young Americans, according to Jeff Duncan-Andrade, associate professor of Raza Studies and Education at San Francisco State University. U.S. data on post-traumatic stress disorder "have shown that soldiers returning from live combat are only half as likely to have the symptoms of the disorder as a young person growing up in poverty," he said.

U.S. poverty has persisted as a college degree has grown more essential to gaining a well-paying job, according to William Julius Wilson, a professor of sociology at Harvard University and a former MacArthur Prize Fellow. U.S. workers have suffered a decline in incomes as the strength of organized labor has waned. Also, pressures from trade have dimmed prospects for low-skilled labor, Wilson said.

Social inequality reinforces economic inequality, according to Wilson. For example, schools in lower-income neighborhoods may have trouble attracting and retaining teachers. Moreover, as socioeconomic segregation increases, both between and among racial groups, parents with low incomes may have trouble making strong bonds with parents in higher strata. Consequently, disadvantaged children have limited opportunity to see a link between academic achievement and success in the job market.

Brown Advisory's NOW 2016 | REVIVING THE AMERICAN DREAM: CONFRONTING INEQUALITY IN THE U.S.
A host of recent studies confirm the facts that we see playing out in front of us—wealth, opportunity and prosperity are all becoming more concentrated among a few of us, with the rest of us finding the American Dream further out of reach with each passing year. While we are reaching broad consensus across the political spectrum that income inequality is a pressing fundamental concern for the country, the solutions being proposed by various experts, including those on our panel, vary widely.U.S. poverty is extensive and entrenched. About one out of five U.S. children lives below the poverty line, and 43% of the families in the bottom decile of income fail to advance to a higher decile, according to Robert Doar of the American Enterprise Institute. A fight against poverty must not treat employment, family and education as separate spheres, said Doar, whose policy experience includes work in social services in New York.

Duncan-Andrade highlighted how some schools in poor communities have defied conventional wisdom by having success with low-income students, citing a lab school he opened in Oakland, California. Teachers at such schools can be effective and satisfied if they approach teaching differently than their counterparts in more affluent areas. For example, Duncan-Andrade said, at an Oakland school he visited, 19 out of 20 first-graders had at one point heard gunfire in their neighborhoods. To succeed, teachers in such schools need to know how to help children address chronic insecurity.

Asked to identify effective ways to combat poverty, Wilson advocated universal preschool education, while Doar stressed more effective early education. Duncan-Andrade asked the audience to support innovation and research while underscoring the power of hope in poor neighborhoods. He said he tells his students that rather than emulate their neighborhoods’ dope dealers, they should follow his example as a "hope dealer." According to Duncan-Andrade, "this problem can be solved—I’m certain of that."

 

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

William Julius Wilson, Ph.D.
Lewis P. and Linda L. Geyser University Professor, Harvard University

Robert Doar
Morgridge Fellow in Poverty Studies, American Enterprise Institute

Jeff Duncan-Andrade, Ph.D.
Associate Professor of Raza Studies and Education, San Francisco State University

Moderator: Chip Lineman
Co-Founder, Building 21
 

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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