Brown Advisory

APRIL 1, 2015

Almost exactly five years ago, we wrote a piece entitled Bubbles, which discussed the sharp rally in stocks from the lows of early 2009 and the risks of the growing federal deficit that resulted from government bail-outs and fiscal stimulus during the financial crisis. Investment Perspectives | Bubbles II. Wed, 04/01/2015 - 16:48.

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Brown Advisory

DECEMBER 2, 2015

We are recommending that clients consider high-yield bonds and other asset classes that can offer the prospect of solid gains that diverge from the path of traditional stocks and bonds. No matter the investment environment, we size up an asset class by focusing on a comparison of potential gains with downside risk. 31, 2009, until Nov.

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Brown Advisory

DECEMBER 2, 2015

built up substantial reserve capital while recovering from the Great Recession in 2008-2009. By Taylor Graff, CFA, Asset Allocation Analyst. We are recommending that clients consider high-yield bonds and other asset classes that can offer the prospect of solid gains that diverge from the path of traditional stocks and bonds.

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The Big Picture

JULY 19, 2022

So, first, I found the book to be quite fascinating, very in depth and you managed to take some of the more technical arcana and make it very understandable. You began as a central bank portfolio manager in Finland. So, that relationship actually already started when I was a portfolio manager, right? ILMANEN: Yes.

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Truemind Capital

MAY 19, 2020

The chart below illustrates that the smart money enters when valuations are low and the majority of the investors aren’t looking at that asset class or security. The important takeaway is that there should be an allocation plan prepared for asset class volatility and it shouldn’t be just an ad-hoc emotional buying or selling.

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Brown Advisory

AUGUST 6, 2019

As head of asset allocation research in our Investment Solutions Group, he is responsible for analyzing the relative attractiveness of various asset classes and investment strategies. Technology has also enabled analysts, portfolio managers and traders to improve their productivity.

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Brown Advisory

AUGUST 6, 2019

As head of asset allocation research in our Investment Solutions Group, he is responsible for analyzing the relative attractiveness of various asset classes and investment strategies. Technology has also enabled analysts, portfolio managers and traders to improve their productivity.

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Brown Advisory

JUNE 3, 2015

You may recall that in 2009, we persuaded Winslow Management Company based in Boston to join Brown Advisory. By Erika Pagel, Portfolio Manager, and James Stierhoff, Associate Analyst. Beyond the Usual Suspects. CEOs across the board try to give their firms a boost by increasing revenue and cutting costs.

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ClearMoney

NOVEMBER 4, 2021

As with many things in life, the truth is somewhere between the extremes: While both simulated and real-world data suggest momentum may not be suitable as a driver of long-term asset allocations, we believe momentum considerations can be integrated in a cost-effective way to help inform daily portfolio management decisions.

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Brown Advisory

APRIL 1, 2016

Following the turmoil of the Great Recession, many market participants were lulled into complacency by seemingly steady gains in asset prices and the extended period of low interest rates. To help illustrate these trade-offs and manage risk, we adhere to what we call our “three-bucket” approach to portfolio construction.

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Brown Advisory

SEPTEMBER 22, 2017

This work builds on the Capital Asset Pricing Model developed in the 1960s.) To expect attractive returns with factor-based portfolios, a good deal of skill is required. 84 One study concluded that investors "pay a financial cost in abstaining from [sin] stocks" (Hong, 2009). The Journal of Portfolio Management 40(2): 18-29.

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Brown Advisory

SEPTEMBER 22, 2017

This work builds on the Capital Asset Pricing Model developed in the 1960s.) To expect attractive returns with factor-based portfolios, a good deal of skill is required. 84 One study concluded that investors "pay a financial cost in abstaining from [sin] stocks" (Hong, 2009). The Journal of Portfolio Management 40(2): 18-29.

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Brown Advisory

SEPTEMBER 3, 2015

Morgan began tracking this data in 2009. That is the highest level since quarterly data collection began in 2009. . By Stephen Shutz, CFA, Tax-Exempt Portfolio Manager. By Taylor Graff, CFA, Asset Allocation Analyst. The IMF in July downgraded its forecast for global growth this year to 3.3% Rude Awakening.

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Brown Advisory

SEPTEMBER 12, 2016

31, 2009, proving that attractive investment returns can be achieved by focusing on companies that manifest Environmental Business Advantage™. We also launched two sustainable fixed income strategies—a core portfolio and a tax-exempt portfolio— during the past year.

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Brown Advisory

SEPTEMBER 12, 2016

31, 2009, proving that attractive investment returns can be achieved by focusing on companies that manifest Environmental Business Advantage™. We also launched two sustainable fixed income strategies—a core portfolio and a tax-exempt portfolio— during the past year.

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Workable Wealth

JUNE 24, 2020

We experienced the largest bull market run in history from 2009 to March 11, 2020. If a security has higher volatility, it is often a riskier asset than one with lower volatility. The rise precedes another 20% drop. These are hard to predict and there’s no prescription for how long they last; it could be months or even years.

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Brown Advisory

JUNE 21, 2017

Generally, index fund fees are low because management costs are minimal (investment judgment is not required to track an index) and administrative expenses are typically spread over a large asset base. are there better or worse moments in time to enact an indexing strategy) and choice of asset class (i.e.,

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Brown Advisory

JUNE 21, 2017

Generally, index fund fees are low because management costs are minimal (investment judgment is not required to track an index) and administrative expenses are typically spread over a large asset base. Manager Characteristics. Less Efficient Asset Classes. Reasons for this tendency are varied.

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Brown Advisory

OCTOBER 22, 2021

We view sovereign bonds as an asset class with the potential to achieve progress on the United Nations Sustainable Development Goals (U.N. Investors across the globe increasingly seek to incorporate ESG research into investment decisions across asset classes to align their investment outcomes with their sustainability goals.

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Brown Advisory

OCTOBER 22, 2021

We view sovereign bonds as an asset class with the potential to achieve progress on the United Nations Sustainable Development Goals (U.N. Investors across the globe increasingly seek to incorporate ESG research into investment decisions across asset classes to align their investment outcomes with their sustainability goals.

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Brown Advisory

FEBRUARY 14, 2023

We view sovereign bonds as an asset class with great potential to navigate and address key environmental and social challenges facing the global economy. As is the case with all asset classes, we are always learning and looking for new ways to enhance the frameworks we have already built.

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Brown Advisory

FEBRUARY 14, 2023

We view sovereign bonds as an asset class with the potential to achieve progress on the United Nations Sustainable Development Goals (U.N. Investors across the globe increasingly seek to incorporate ESG research into investment decisions across asset classes to align their investment outcomes with their sustainability goals.

Government 52

Government Investing Investments Economics 52

Brown Advisory

FEBRUARY 14, 2023

We view sovereign bonds as an asset class with the potential to achieve progress on the United Nations Sustainable Development Goals (U.N. Investors across the globe increasingly seek to incorporate ESG research into investment decisions across asset classes to align their investment outcomes with their sustainability goals.

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Brown Advisory

SEPTEMBER 11, 2016

Maintaining liquidity allows a portfolio manager to snap up new opportunities such as General Dynamics, whose shares have risen 14% this year as of September 6. This decade poses its own distinct set of economic challenges, many of which are aftershocks from the 2008—2009 financial crisis. small-cap stocks. versus 1.9

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Brown Advisory

SEPTEMBER 11, 2016

Maintaining liquidity allows a portfolio manager to snap up new opportunities such as General Dynamics, whose shares have risen 14% this year as of September 6. This decade poses its own distinct set of economic challenges, many of which are aftershocks from the 2008—2009 financial crisis. small-cap stocks. versus 1.9

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The Big Picture

OCTOBER 19, 2022

He is the managing director of Vanguard’s Financial Advisor Services Division, where he began back in 2002. That group provides investment services, education and research to more than a thousand financial advisory firms, representing more than $3 trillion in assets. RAMPULLA: They paid off of assets under management.

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The Big Picture

OCTOBER 24, 2022

BARRY RITHOLTZ, BLOOMBERG RADIO HOST: This week on the podcast, I have an extra special guest, Marta Norton is the Chief Investment Officer for Morningstar Investment Management. They advise or directly manage about $250 billion in flying assets. RITHOLTZ: So how do you find your way from economist to analyst to asset manager?

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The Big Picture

JANUARY 21, 2025

And suddenly you could buy index funds that cover all of the major asset classes. And then on top of that, of course we ran straight into the 2008, 2009 great recession. And by the summer of 2009, they’d pulled the plug on this venture and suddenly, you know, I’ve thrown away my journalism career to join Citigroup.

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The Big Picture

JULY 18, 2023

BARRY RITHOLTZ, HOST, MASTERS IN BUSINESS: This week on the podcast, I have an extra special guest, Tom Wagner, co-founder and portfolio manager at Knighthead Capital. And he had a sizable amount of money under management and hard-closed his vehicle and in his first 14 months, if I remember correctly, his gross return was 120%.

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The Big Picture

DECEMBER 20, 2022

And that, quite frankly, was the beginning of the of the asset class. And emerging market is not this homogeneous asset class. And you can see, you know, assets have gone. And if you look on your Bloomberg screen today, on that day, the asset went from 6 cents to 12 cents — RITHOLTZ: Wow. KOENIGSBERGER: Yeah.

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The Big Picture

SEPTEMBER 26, 2023

I wanna say it’s about $179 billion in client assets. You’ve probably heard some aspects of this from the various interviews I’ve done with Howard Marks talking about the distressed asset fund they set up in 2007. That had mismatched assets. It’s not an asset that other creditors can go after.

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The Big Picture

OCTOBER 17, 2023

I want to get into that before we start talking about asset management. And I mean, but it is endemic in the industry because the industry is incentivized to grow assets and hence admitting errors is not something that you want to do on tv. We do have multi-asset strategy called balanced, which we launched in 2014 15.

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The Big Picture

APRIL 11, 2023

And again, some history, until 2009 or ‘10, Warren Buffett actually spoke out against buybacks. So when he bought Goldman Sachs in November of 2008 and Bank of America in November 2008, I thought about a traditional portfolio manager doing the same thing and trying to explain to their clients what they just did. RITHOLTZ: Right.

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The Big Picture

JANUARY 27, 2025

They run over $431 billion in global assets. Most of what they do are, are real assets, credit debt, middle market banking. He worked as a, essentially a high yield portfolio manager before going to the president and then CEO of the company. What a fascinating guest. Mike Freno is chairman and CEO of Barings.

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The Big Picture

APRIL 8, 2025

She was CIO at Merrill Lynch Asset Management, and now CIO at both Morgan Stanley Wealth Management and runs their asset allocation models and their outsourced chief investment officer models. ’cause the asset management business of Sanford Bernstein, as everyone I think knows, was a deep value shop.

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The Big Picture

MARCH 14, 2023

He launched his own firm right into the teeth of the collapse in ’09, which turned out to be quite a fortuitous time to launch an asset management shop. RITHOLTZ: So you’re there for 20 years, from 1988 to 2009. So, you know, 2009, what had happened was I was very burnt out. BERNSTEIN: Right. BERNSTEIN: Yeah.

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The Big Picture

MARCH 21, 2023

But if you buy low multiples and sell high multiples, either in a long-only beat the benchmark sense, whether over and underweight, and you did the same thing everyone does and call me a hedge fund manager. It’s about half our assets. I was a fixed income portfolio manager and trader, which is a ton of fun.

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