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Conversation with the Portfolio Manager: Sustainable Core Fixed Income Strategy

Brown Advisory

Amy: The green bond market launched in 2007, and in 2013 we started to see an explosion of growth—record issuance year after year. This is particularly tricky for some of our clients, who serve on endowment or foundation boards that have a fiduciary duty to balance mission alignment with performance expectations.

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Conversation with the Portfolio Manager: Sustainable Core Fixed Income Strategy

Brown Advisory

Amy: The green bond market launched in 2007, and in 2013 we started to see an explosion of growth—record issuance year after year. This is particularly tricky for some of our clients, who serve on endowment or foundation boards that have a fiduciary duty to balance mission alignment with performance expectations.

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Transcript: Gretchen Morgenson

The Big Picture

In 2007, firms extracted — the private equity firms extracted $20 billion from companies in the form of dividend recapitalizations. It had been prevented, had been barred from that before because of this fiduciary duty idea and also because of the opacity of these instruments. But so you had these dividend recaps.

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