Brown Advisory

MARCH 28, 2019

In this paper, we will discuss our framework for spend-rate analysis, and how we help our endowment and foundation clients translate this analysis into decisions for their portfolios. Each “shoestring” curve represents the expected outcomes for various allocation targets, assuming a given spend rate.

Asset Allocation 52

Asset Allocation Portfolio Assets Clients 52

Brown Advisory

JULY 24, 2018

Strong Defense: The Falling Opportunity Cost of Allocating to Bonds ajackson Tue, 07/24/2018 - 09:25 For years, “defense” in portfolios—i.e., allocations to cash and core fixed income holdings—has meant a willingness to accept extremely low returns. Robust Q1 2018 earnings growth improved the valuation picture for U.S.

Valuation 52

Valuation Economics Asset Allocation Clients 52

Brown Advisory

JULY 24, 2018

Strong Defense: The Falling Opportunity Cost of Allocating to Bonds. Tue, 07/24/2018 - 09:25. allocations to cash and core fixed income holdings—has meant a willingness to accept extremely low returns. Louis Fed) rose above 50 bps at the end of 2016, and since then has ticked up to 180 bps as of June 30, 2018.

Valuation 52

Valuation Economics Asset Allocation Clients 52

Random Roger's Retirement Planning

AUGUST 28, 2022

Rodrigo and Mike manage the Rational/Resolve Adaptive Asset Allocation Fund (RDMIX). I've mentioned before that I am test driving RDMIX for possible use in client accounts. Note that BTAL is a client and personal holding. My concern about this fund is how complex it is. And the results. Back to the podcast.

Portfolio 75

Portfolio Asset Allocation Assets Clients 75

Random Roger's Retirement Planning

JULY 15, 2023

Client and personal holding AGFiQ US Market Neutral Anti Beta (BTAL) was up 19% last year but this year it is down 15%. We wrote a few posts last year about the Rational ReSolve Adaptive Asset Allocation Fund (RDMIX) which is intended to be an all weather strategy. in 2018 when VBAIX dropped 2.8%, not very all weatherish.

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Management Asset Allocation Portfolio Assets 68

Brown Advisory

FEBRUARY 15, 2019

Last year, our annual outlook publication, Confronting the Unknown , focused on risk: how we define it, how we measure it, and what we saw as the major risks facing investors in 2018. All of this weighed heavily on equity returns across the globe in 2018. Entering 2019, we face rising economic, political and market risks.

Valuation 52

Valuation Clients Portfolio Investing 52

Brown Advisory

JULY 17, 2018

529 Plans And The New Tax Code ajackson Tue, 07/17/2018 - 11:30 You Can Now Use 529s for K-12 Costs—But Should You? The cost of college is growing at an astronomical rate, and Section 529 plans have long helped individuals and families grow assets earmarked for education in a tax-efficient manner.

Taxes 52

Taxes Planning Education Distribution 52

Brown Advisory

JULY 17, 2018

Tue, 07/17/2018 - 11:30. The cost of college is growing at an astronomical rate, and Section 529 plans have long helped individuals and families grow assets earmarked for education in a tax-efficient manner. The 2018 tax overhaul expanded the reach of 529 plans beyond college. 529 Plans And The New Tax Code.

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Taxes Planning Education Distribution 52

Brown Advisory

MAY 10, 2018

achen Thu, 05/10/2018 - 11:18 Concerns over trade policy and potential trade wars have rattled equity markets in recent months. In this article, our head of asset allocation discusses how we are managing trade risk, while still embracing global growth opportunities in our portfolios. and China in 2018, through early April.

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Economy Portfolio Clients Sales 52

Brown Advisory

MAY 10, 2018

Thu, 05/10/2018 - 11:18. In this article, our head of asset allocation discusses how we are managing trade risk, while still embracing global growth opportunities in our portfolios. FACT: The tariffs announced so far in 2018 affect a small sliver of the global economy. and China in 2018, through early April.

Economy 52

Economy Portfolio Clients Sales 52

Truemind Capital

MARCH 20, 2020

Not understanding the role & importance of tactical asset allocation (overweight debt in euphoric times and overweight equity in a time of acute pessimism) in creating superior returns over the long term. Value by clicking here. Buying the best of businesses at wrong prices could turn out to be a bad investment.

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Asset Allocation Valuation Investing Investments 52

Random Roger's Retirement Planning

DECEMBER 22, 2023

I bought it for clients in 2010 or 2011 and still hold it, so maybe. As more of an asset allocator and investor in equity market themes, global macro like John did probably isn't in my wheelhouse but understanding how a well executed strategy in a fund wrapper could help manage volatility, help smooth out the ride, might be in my wheelhouse.

Portfolio 74

Portfolio Asset Allocation Accounting Management 74

Brown Advisory

AUGUST 1, 2018

Investment Perspectives | Managing Risk ajackson Wed, 08/01/2018 - 10:37 In 1963, Bob Dylan warned us that the times, they are a-changin’—and while he wasn’t talking about capital markets, his words ring as true today for investors as they did for those growing up in the turbulent '60s. Concentration: Much of the U.S.

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Management Investing Investments Valuation 52

Brown Advisory

AUGUST 1, 2018

Wed, 08/01/2018 - 10:37. We tend to be strategic rather than tactical in our approach to investing, but a combination of recent fundamental developments and valuation changes has caused us to add a note of caution in conversations with clients and in the management of their portfolios. Investment Perspectives | Managing Risk.

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Management Investing Investments Valuation 52

Investment Writing

SEPTEMBER 5, 2023

The longest reports typically target institutional clients—not individuals. You don’t want your clients to fixate on short-term performance. You’ll look at factors such as the contributions of security selection, sector weightings, asset allocation, and maybe even cash positions and the flows of money into and out of the portfolio.

Portfolio 52

Portfolio Clients Management Investing 52

The Big Picture

SEPTEMBER 19, 2023

Elizabeth Burton is Goldman Sachs asset management’s client investment strategist. And we all had different backgrounds and different investment ideas and different clients like us clients are very different from clients in other countries. I guess I got lucky in January or February of 2018.

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Assets Management Investing Investments 147

Investing Caffeine

MAY 2, 2022

DISCLOSURE: Sidoxia Capital Management (SCM) and some of its clients hold positions and certain exchange traded funds (ETFs), but at the time of publishing had no direct position in any other security referenced in this article. Subscribe on the right side of the page for the complete text.

Electronics 59

Electronics Economy CFP Government 59

Brown Advisory

MARCH 30, 2020

For the past year, we have been preparing client portfolios for the end of the extended bull market run that began in 2009—building cash and liquidity reserves, and also exploring opportunities in private and alternative asset classes that historically have offered lower correlation with public markets. 10/15/2014 10-Yr U.S.

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Management Marketing Marketing Clients 52

Brown Advisory

MARCH 30, 2020

For the past year, we have been preparing client portfolios for the end of the extended bull market run that began in 2009—building cash and liquidity reserves, and also exploring opportunities in private and alternative asset classes that historically have offered lower correlation with public markets. 10/15/2014. Treasuries.

Management 52

Management Marketing Marketing Clients 52

Brown Advisory

NOVEMBER 20, 2018

Investment Perspectives | Diversification ajackson Tue, 11/20/2018 - 08:45 Last month’s sudden stock market “correction” serves as a vivid reminder that prices can move down at least as easily as they move up. Taken together, these two objectives involve finding the optimal combination of risk and return for each specific client situation.

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Investing Investments Assets Portfolio 52

Brown Advisory

NOVEMBER 20, 2018

Tue, 11/20/2018 - 08:45. Along with achieving strong long-term returns, protecting our clients’ capital is a critically important part of our challenge as investment advisors. Taken together, these two objectives involve finding the optimal combination of risk and return for each specific client situation. Source: Bloomberg. .

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Investing Investments Assets Portfolio 52

Brown Advisory

MARCH 13, 2018

Investment Perspectives | Corrections jsayo Tue, 03/13/2018 - 12:38 The abrupt stock market downturn in February was “officially” a market correction, according to the conventional definition (a market decline of more than 10%). Still, it’s incumbent upon us to position client portfolios to endure periods of volatility like the present one.

Investing 52

Investing Investments Economy Assets 52

Brown Advisory

MARCH 13, 2018

Tue, 03/13/2018 - 12:38. Through January 2018, stocks had risen for 10 straight months, the longest consecutive monthly string since an 11-month streak in 1959. Our research contacts with a large number of companies in client portfolios tend to confirm that demand growth remains very much intact.

Investing 52

Investing Investments Economy Assets 52

Brown Advisory

OCTOBER 11, 2021

We believe that the investment return needed to achieve that objective should be the most important guidepost for a portfolio’s asset allocation. Asset allocations could change depending on risk tolerance, investment objective and assets available for investment. It is not representative of an actual portfolio.

Assets 52

Assets Portfolio Risk Tolerance Asset Allocation 52

Brown Advisory

OCTOBER 11, 2021

We believe that the investment return needed to achieve that objective should be the most important guidepost for a portfolio’s asset allocation. Asset allocations could change depending on risk tolerance, investment objective and assets available for investment. It is not representative of an actual portfolio.

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Assets Portfolio Risk Tolerance Asset Allocation 52

Investing Caffeine

APRIL 1, 2022

At Sidoxia , we are determined to objectively stick to the facts and migrate investments to the areas of the market that provide the best risk-reward opportunities to our clients, based on their unique objectives and constraints. The Fed’s goal is to increase the cost of borrowing, thereby slowing down the economy and reducing inflation.

Economy 59

Economy Economics Valuation Investing 59

Brown Advisory

NOVEMBER 12, 2019

On the other hand, based on the normal relationship of earnings multiples to interest rates, stocks are meaningfully undervalued relative to bonds and appear to be one of the few asset classes offering the prospect of inflation-beating returns. Census Bureau estimates that population growth in 2018 (0.6%) was the lowest since the 1930s.

Investing 52

Investing Investments Assets Economics 52

Brown Advisory

NOVEMBER 12, 2019

On the other hand, based on the normal relationship of earnings multiples to interest rates, stocks are meaningfully undervalued relative to bonds and appear to be one of the few asset classes offering the prospect of inflation-beating returns. Census Bureau estimates that population growth in 2018 (0.6%) was the lowest since the 1930s.

Investing 52

Investing Investments Assets Economics 52

Investing Caffeine

FEBRUARY 1, 2022

If bond yields climb significantly to the point where returns are more competitive with stocks, I will likely be buying significantly more bonds for me and my Sidoxia ( www.sidoxia.com ) clients. Many people have short memories and forget the Fed hiked interest rates 10 times from the end of 2015 through 2018. Fed Jitters.

Math 52

Math Assets Investing Investments 52

Random Roger's Retirement Planning

JULY 3, 2022

Certainly there are plenty of places in traditional fixed income to hide out while the most volatile parts of the asset class continues to work through whatever it is working through. I recently added very short term t-bills and a CD for many clients getting in the neighborhood of 2.5% without taking much interest rate risk.

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Portfolio Management Clients Asset Allocation 40

Dear Mr. Market

MAY 9, 2022

The last time they aired a similar piece about “markets in turmoil” was September of 2018 and by December the markets bottomed out and then rallied. Over the past 25 years we have had a handful of clients want to run to safety and then have us notify them to get back in when things looked better. How did that work out?

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Marketing Marketing Economics Financial Advisor 52

The Big Picture

AUGUST 20, 2024

If you recall, back in 2018, vol Mageddon, he was on the right side of that trade, made hundreds of millions of dollars for his firm in identifying a structural problem that was about to blow up. But before I leave the teal macro, I gotta ask you about the famous Vage trade in 2018. And those folks are very often my clients.

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Assets Management Portfolio Marketing 173

The Big Picture

JUNE 13, 2023

And as I’m sure you would appreciate, being here in New York is a very different reality than the rest of the Americas, partly when it comes down to visiting new clients in the Midwest, the part of the US. Just background, Barry, when I moved here five years ago this year in 2018, we had barely no relationships in North America.

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Banking Assets Investing Investments 147

The Better Letter

JANUARY 26, 2024

” The Dow closed at 23,327 a couple of years later – the end of 2018 – and has not dropped below 19,000 since the prediction. percent 2018 : “The music is fading out, and a trap-door has opened up in the floor, but they’re still dancing.” percent in 2018 while HSGFX was up 8.78 percent higher.

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Assets Valuation Management Marketing 105

The Big Picture

MAY 21, 2024

But no, but I think that where I get my best ideas is from talking to super smart people like you, like our financial advisors, like our hedge fund clients, our, our long only investor clients pensions. And then, you know, from talking to clients, we get ideas around should you have a regime indicator? This, right?

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Numbers Management Banking Marketing 147