United States
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 2018 | What Makes a Great Leader?

James Stierhoff
May 31, 2018

What do the Magna Carta, the Washington Monument and giant pandas have in common? Those who have followed David Rubenstein’s career know that he has supported all of these causes and many others through his exemplary philanthropic efforts. During the NOW 2018 conference, Rubenstein and Brown Advisory CEO Mike Hankin engaged in a rapid-fire conversation that covered Rubenstein’s thoughts on a wide range of topics, from the Founding Fathers to Facebook and Twitter.

Rubenstein is a co-founder and co-executive chairman of The Carlyle Group, one of the world’s largest private equity firms. Since he helped start Carlyle in 1987, it has grown into a firm managing $174 billion from 31 offices around the world.

History and patriotism—both resounding themes in Rubenstein’s life—permeated the discussion. He grew up in a modest household in Baltimore, Maryland, and at age six, he took the initial step toward unlocking a fountain of knowledge by attaining his first public library card. He has never looked back; today he aims to read at least 100 books every year, a feat that is especially impressive given the enormous amount of time he devotes to philanthropic work.

Rubenstein’s interest in “patriotic philanthropy” is guided by his early experiences in government service. In the 1970s and early 1980s, he served as chief counsel to the Senate Judiciary Committee’s Subcommittee on Constitutional Amendments, then as President Carter’s deputy assistant for domestic policy. He brings a passion and intellectual command of government, policy and history to his humanitarian endeavors, and wants others to learn from history so that we can all do better in the future. He cited a few painful reminders of the decline of historical knowledge in the U.S.: According to the Annenberg Public Policy Center, 75 percent of Americans can’t name the three branches of government, and more than 30 percent do not know their First Amendment rights.

Why did he purchase a copy of the Magna Carta to put on display? Why did he pledge millions to repair the Washington Monument? Rubenstein values history as a tangible, physical asset, and he feels that experiencing the real thing is more inspiring than simply viewing a memory on a computer screen.

Rubenstein spoke about the importance of giving back, with one’s time as well as money if possible. He was an early signatory of the Giving Pledge, a commitment from a growing number of extremely wealthy individuals to donate a majority of their wealth to charity. The Greek term philanthropia means “love of mankind,” and Rubenstein brings a level of passion and generosity to mankind that is unmatched by most. He said that being generous makes you feel good and in his opinion helps you to live longer. He said that he hopes there is a special place in heaven for people who give generously: “I can’t guarantee this, but why would you want to take a chance that I’m wrong?”

The brisk conversation sped through the decades to arrive at a discussion of our highly polarized society. He noted that our current polarization doesn’t compare to the stark divisions of the Civil War that eventually claimed 6 percent of the U.S. population. Nonetheless, our political leaders are increasingly gridlocked. What if we turned things over to young people? Rubenstein views young people as a creative force—most companies are started by people in their 20s and 30s, and rarely does one see a septuagenarian launch a startup.

With Washington falling short at times, Rubenstein noted that society is also placing more faith and confidence in business leaders to solve societal problems. Companies such as Facebook, Apple, Amazon and Google offer products, services and utility to the world, and despite bumps in the road, these firms are largely viewed as positive agents of change. Rubenstein sets a powerful example of someone focused on leading—speaking up, standing up for what is right and inspiring others to collectively raise the future.

The views expressed are those of 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 and you may not get back the amount invested.

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 or asset classes mentioned. It should not be assumed that investments in such securities or asset classes 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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