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Equities Fixed Income External Managers 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.

Brown Advisory Equity Strategies

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.

Brown Advisory Fixed Income Strategies

External Managers

Investment Solutions Group

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.

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.

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.

Investment Insights and Thoughts from Brown Advisory
Navigating Our World

NOW 2016 | The Reality of Climate Change

Emily Dwyer
June 23, 2016

A change in climate caused by a buildup in greenhouse gases may bring a host of afflictions, including a reduction in crop yields and mass migration of people in several regions, according to the speakers in the NOW session titled, “The Reality of Climate Change: Impacts on Health, Food, Water and National Security.” Disruptive events triggered by climate change in countries with weak governments, fragile economies and crude infrastructure could lead to political instability and a reduction in worldwide trade, according to Sharon Burke, a senior advisor at New America. Global economic growth would slow, harming industrialized as well as developing countries.

China holds an especially central role in global warming and efforts at regulating greenhouse gases, both at the domestic and international level, according to Kate Gordon, the vice chair of climate and sustainable urbanization at the Paulson Institute. The country’s regulatory weaknesses and counterproductive business incentives are slowing efforts outlined by China’s government to limit climate change, she said.

Beijing is currently focused on shifting the world’s No. 2 economy to be based on services and consumption rather than on industrial manufacturing and government investment. As China’s steel production declines, such industrial output may shift to emerging economies with weaker environmental regulation, Gordon said. Indeed, China’s steel output increased during the 1980s amid a decline in U.S. coal and steel production stemming in part from tougher regulation. In other words, in the absence of effective global measures to limit climate change, China’s reductions in greenhouse gases could lead to increases elsewhere.

Brown Advisory's NOW 2016 | THE REALITY OF CLIMATE CHANGE: IMPACTS ON HEALTH, FOOD, WATER AND NATIONAL SECURITY
In this session, Mark Tercek of the Nature Conservancy and Kate Gordon of the Paulson Institute address the latest findings regarding one of the defining global challenges of the 21st century. The panel will discuss the varying impacts that climate change is having today on food production, water scarcity, public health and even international military conflicts, and how those impacts are likely to evolve in the coming decades.That said, there are many reasons to be guardedly optimistic that the world may begin to curb climate change, according to Mark Tercek, president and CEO of the Nature Conservancy. This progress was evident in diplomacy leading up to an agreement by 195 countries in December to take steps limiting climate changes. Under the pact, signed in Paris, the signatories pledged to reduce reliance on fossil fuels in favor of more sustainable technologies such as wind and solar power.

The campaign against climate change should move forward simultaneously across many fronts. Stepped-up research into energy-efficient batteries could help realize the goal of sustainable transportation, Gordon said.

Tercek, while stressing the importance of protecting biodiversity and promoting sustainability in urban areas, said he sees reasons to be “cautiously encouraged about the likelihood that humanity is going to finally get its act together” and begin to slow the growth in greenhouse gas emissions.

 

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

AUTHOR

Emily Dwyer

Equity Investment Team