Karina Funk

Brown Investment Advisory offers a variety of investment strategies including Large-Cap Growth, Large-Cap Value, Small-Cap Growth and Fixed-Income. In addition, the firm works with other asset management firms to offer clients access to other strategies including US Small-Cap Value Equity, International Equity, hedge funds-of-funds, alternative asset classes, venture capital funds, buy-out private equity funds, real estate funds and a variety of co-investments. Brown's large-cap growth strategy seeks to invest in diversified portfolios of companies with superior fundamentals, strong, sustainable revenue and earnings growth and attractive valuations. They invest in US large-cap growth stocks and typically hold them for several years. Brown employs fundamental research to select securities and sectors that offer highly competitive, tax-efficient returns. They seek to identify market-leading companies or companies with the potential to become market leaders. They look for rich product cycles, large, growing markets, strong cash flow, proprietary products/services and productive new product development efforts. Brown also looks for growth stock development that occurs after the initial phase of growth in which a catalyst causes rejuvenated growth. Brown's Large-Cap Value strategy seeks to identify out-of-favor situations with downside risk of no more than 20% and upside potential of at least 40%. They look for sound, financially strong, growing companies with proven shareholder-sensitive management. Their strategy is multi-cap, with a minimum market-cap of $500 million and no maximum. Companies should have above average earnings growth, above average profitability and below average valuations. Investments are diversified across a wide range of industries. The firm employs a bottom-up portfolio construction process that is based on the specific attractiveness of each holding. The firm's Small-Cap Growth strategy seeks to invest early and hold investments for the long-term. Brown looks for companies with large business opportunities relative to the company's size and proprietary technology, products, services or distribution systems. Management must have a clear, measurable plan to produce sustainable earnings growth of more than 20% a year. At the time of purchase, stocks must have a market-cap of not more than the largest company in the Russell 2000 Growth Index. Brown actively manages fixed-income portfolios. They employ a disciplined investment process that seeks to exploit changes in sector spreads, security valuations, interest rate trends and yield curve dynamics.

Winslow Management Co. focuses exclusively on green investing, including the areas of renewable energy, energy efficiency, green infrastructure, clean energy, water management, resource optimization, sustainable living, environmental services, green transport and green buildings. The firm seeks to identify companies that are taking advantage of green market opportunities and companies that build competitive advantages through clean and efficient business practices. They look for hidden opportunities among the companies in these market niches. Winslow also looks for companies that are poised for rapid growth and/or companies whose stocks are unrecognized by the broader market. The firm looks for well-financed companies that have experienced management teams, three-to-five year growth rates greater than 20% and PEG and enterprise value (EV) to revenue ratios lower than their peer group. Winslow builds concentrated portfolios that typically hold 40 to 50 positions at a time. They employ bottom-up research that combines financial and environmental analysis. The firm may sell a stock if: (1) the stock has met or exceeded its price target (2) the position has appreciated beyond 10% of the portfolio (3) there is an alteration in the investment premise (4) alternative investment ideas with greater potential are identified or (5) client withdrawals or shareholder redemptions require the sale of securities to raise cash. The firm's Small-Cap Growth strategy offers an environmentally responsible approach for an aggressive growth allocation. The strategy invests in companies that are actively addressing environmental issues with their products and services, as well as, companies across all sectors that responsibly manage their environmental impact. It is primarily a domestic composite, focusing on companies with market-cap less than $2 billion. It is benchmarked against the Russell 2000 Growth Index. Winslow's Green Solutions strategy uses a multi-cap growth investment strategy to invest exclusively in companies offering market-based environmental solutions. The portfolio focuses on companies involved in clean energy, energy efficiency, resource conservation, clean air and water, water management and other market segments which directly impact large environmental challenges. The strategy may invest a portion of assets in international markets and typically focuses on small and mid-sized companies with market-caps of $1 billion to $10 billion. It is benchmarked against the Russell Midcap Growth Index.

Charles River Ventures invests in companies located in the United States. The firm focuses on communications & technology, enterprise software/services and media/entertainment sectors. It provides financing for seed and early stage capital requirements with an investment size of $ 0.025 to 5 million. It acts as the lead investor.

Functions as a College/University

Functions as a College/University

Brown Advisory provides investment management services through various investment vehicles including mutual funds, separate accounts and private funds. The firm employs a bottom-up, fundamental research approach in their security selection process. Their strategies strive to outperform their respective benchmarks over the long term.