Equities Fixed Income Hedge Funds 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.

We construct balanced portfolios for private clients, nonprofits and institutions depending on the needs of the client. We can be 100% open architecture, using third-party managers only, or we can put together a mix of internal and external strategies, whatever is in the client's best interest.

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.

We construct balanced portfolios for private clients, nonprofits and institutions depending on the needs of the client. We can be 100% open architecture, using third-party managers only, or we can put together a mix of internal and external strategies, whatever is in the client's best interest. Meet the Investment Solutions Group.

Hedge Funds

Hedge Funds

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.

Founded in June 2002, the Investment Solutions Group now manages in excess of $3.4 billion for clients (data as of January 31, 2017) in a combination of managed accounts, advisory relationships and fund-of-fund offerings.

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.

For more information on private equity please click here or contact Jacob Hodes at 410-537-5315 or jhodes@brownadvisory.com.

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.

Strategic Bond

The Strategic Bond strategy (formerly, Tactical Bond strategy) seeks to achieve capital appreciation and income with a low correlation to interest rate movements.

 

Inside the Strategy

  • The strategy seeks to achieve the investment objective by investing at least 80% of the value of its net assets in a broad set of fixed income securities, such as U.S. Government securities, corporate fixed income securities, high yield bonds, bank loans and collateralized loan obligations, tax-exempt municipal bonds, U.S. Treasury bonds, Treasury inflation-protected securities (TIPS), mortgage-backed and asset-backed securities, and derivatives.
  • The strategy's unconstrained bond approach is not managed to a benchmark or limited by maturity, sector, quality or geography. A broader investable universe means greater opportunity for uncovering attractive relative value. This flexibility allows the strategy to potentially minimize interest-rate exposure and to provide positive returns across different market environments with low correlation to equity markets. Also, the use of alternative fixed income strategies can provide enhanced diversification benefits to traditional portfolios.
  • We believe that the strategy's alpha-oriented, strategic bond approach offers more potential upside than trading-oriented strategies and lower downside risk than thematic investment strategies. We are not high-frequency traders or forecasters of macroeconomic movements. Our bottom-up, fundamental investment process capitalizes on the strength of the team’s credit research and actively hedges interest rate risk, selectively allocates to sectors in order to manage credit risk, and, at times, invests opportunistically.

Inception: 09/30/2010

Benchmark: Barclays U.S. Aggregate Bond Index

Co-Portfolio Managers: Thomas D.D. Graff, CFA, and Rob Snyder

Mutual Fund

Please click the button below for more information on this strategy and all our mutual fund offerings.

Thomas D.D. Graff Portfolio Manager and Head of Fixed Income

Thomas Graff, CFA, is Head of Fixed Income. He primarily concentrates on the management and analysis of taxable bond portfolios, including macroeconomic analysis. Prior to joining the firm, he was a managing director at Cavanaugh Capital Management. He served as a portfolio manager and was responsible for trading, analysis and management of taxable fixed income portfolios. Tom is the author of the Compound Interest series available on the Brown Advisory website. He is also a freelance writer for TheStreet.com, offering weekly insight into various fixed income and macroeconomic topics. 

Education

  • Loyola University Maryland, BA (1999)

Community Involvement

  • Member: CFA Institute, Baltimore CFA Society
  • Board of Sponsors of the Sellinger School of Business at Loyola University
Rob Snyder Portfolio Manager

Rob Snyder is the co-portfolio manager of the Strategic Bond strategy and a member of the fixed income Investment team. Prior to joining the firm, he was principal and member of the risk allocation and credit committees at Kingsland Capital, where his primary focus was portfolio construction and management of $2.1 billion AUM in Kingsland’s high yield credit platform. Rob's experience includes both high-yield par and distressed credit analysis across multiple industry sectors and security types. Prior to joining Kingsland, Rob was a senior analyst at Katonah Capital, an asset manager focusing on leveraged loans and high-yield bonds, and he worked for Chase Manhattan Bank in the Securities Lending Department and was responsible for net interest management. He began his career working in cash management at Morgan Stanley Trust Company, supporting the cash reinvestment desk, and received credit training while at Chase Manhattan Bank.

Education:

  • Cornell University, BA (1997)

Mutual Funds Attestation

 

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