Brown Advisory

OCTOBER 11, 2021

Brown Advisory traces its origins to the investment bank Alex. Bloomberg Barclays Indices are trademarks of Bloomberg or its licensors, including Barclays Bank PLC. ®, HEDGE FUND RESEARCH™, HFR IndexScope™, HFR Bank Systematic Risk Premia IndicesSM and HFR Risk Parity Indices™ are the trademarks of Hedge Fund Research, Inc.

Assets 52

Assets Portfolio Risk Tolerance Asset Allocation 52

Brown Advisory

OCTOBER 11, 2021

Risk-for-risk” analysis to funding capital. Liquidity management and a budget for allocating to private investments in a disciplined way. Brown Advisory traces its origins to the investment bank Alex. Bloomberg Barclays Indices are trademarks of Bloomberg or its licensors, including Barclays Bank PLC.

Assets 52

Assets Portfolio Risk Tolerance Asset Allocation 52

Brown Advisory

AUGUST 14, 2023

Over just the past three years we have witnessed unintended factor risks and opportunities manifest across the market due to COVID-19, meme-stocks, inflation, interest rates, the ongoing war in Ukraine, the European energy crisis, the “value-rally” in 2022, the U.S. banking crisis in 1Q23 and this is undoubtedly not an exhaustive list.

Investments 52

Investments Investing Portfolio Accounting 52