Brown Advisory, an independent investment firm based in Baltimore which opened its
London office in March, is launching a new fund combining its three
US equity strategies through a Dublin-based UC
ITS
III structure.
The American Fund will be sub-advised by the management teams of Brown Advisory’s three existing
US funds, providing investors with exposure to “best in breed” US companies regardless of size or style. It will employ a fixed allocation, rebalanced quarterly.
Richard Bernstein, manager of the US Equity Value fund, is responsible for 40 per cent, Kenneth Stuzin, manager of the US Equity Growth fund, for the same amount, with the balance of 20 per cent looked after by Timothy Hathaway and Christopher Berrier, co-managers of the US Smaller Companies fund.
Logie Fitzwilliams, director of
Brown Advisory’s
London office said: “With most European investors having only a small percentage of their portfolios invested in the
US, many do not want, or are even equipped, to pick numerous
US managers divided across different styles and market caps. We believe the American Fund gives investors comprehensive exposure to the
US market and maximises returns that result from superior stock selection by neutralising the influence of investment style and market capitalization size.”
