Brown Advisory CIO Perspectives

About Brown Advisory CIO Perspectives

Welcome to our Investment Podcast where our CIOs explore issues of the day with leading investors from inside and outside Brown Advisory.

Publisher

Brown Advisory

Category

business

Language

en

Explicit

No

First episode

9 Apr 2021

Latest episode

8 Oct 2026

Latest episodes

31 episodes in the feed.

1. 

   8 Oct 2026

   Activism, Edge and Finding Underappreciated AI Winners

   In this episode of CIO Perspectives, host Sid Ahl explores how active investors can seek an edge in markets increasingly shaped by passive investing, short-term trading and artificial intelligence. The conversation examines how shifting market structures may create opportunities for patient, fundamentally oriented investors, including the role active engagement can play as a potential catalyst for change. The discussion also looks beyond the U.S. to evolving opportunities in Europe and changing corporate governance and shareholder dynamics in Japan. The episode also explores the rapid buildout of AI infrastructure, where opportunities may emerge across the broader AI ecosystem, and how investors can weigh potential upside against the risks of a significant capital expenditure cycle. -- The views and opinions expressed in this podcast are those of the speakers and do not necessarily reflect those of Brown Advisory. These views are not intended to be and should not be relied upon as investment advice and are not intended to be a forecast of future events or a guarantee of future results. The information provided in this podcast is not intended to be and should not be considered a recommendation or suggestion to engage in or refrain from a particular course of action or to make or hold a particular investment or pursue a particular investment strategy, including whether or not to buy, sell or hold any securities mentioned. It should not be assumed that investments in such securities have been or will be profitable. To the extent specific securities are mentioned, they have been selected by the speakers on an objective basis to illustrate views expressed in the podcast and do not represent all the securities purchased, sold or recommended for advisory clients. The information contained herein has been prepared from sources believed reliable but is not guaranteed by us as to its timeliness or accuracy and is not a complete summary or statement of all available data. This piece is  for informational purposes only and is not individually tailored for or directed to any particular client or prospective client. Past performance is not a guarantee of future performance. Price targets are based on Sachem Head’s internal research estimates and are subject to change. Any return expectations are hypothetical, based on current market conditions and assumptions, and are not guarantees of future results. Actual returns may differ materially and may be lower or negative. Hedge Funds may involve complex tax and legal structures. Investment in any particular Fund or hedge funds, generally, is only suitable for sophisticated investors for whom such an investment does not constitute a complete investment program and who fully understand and are willing to assume the risks involved in such investment. Alternative investments are generally available only to investors who meet applicable eligibility requirements, including accredited investor and qualified purchaser standards where applicable. Certain statements in this podcast constitute forward-looking statements. When used in this podcast, the words may, will, should, project, anticipate, believe, estimate, intend, expect, pro forma, continue and similar expressions or the negatives thereof are generally intended to identify forward-looking statements. Such forward looking statements, including the intended actions and performance objectives of the securities or managers involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the securities or managers to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. No representation or warranty is made as to future performance or such forward-looking statements. All forward-looking statements in this podcast speak only as of the date hereof. Sources: Certain market, company and investment data referenced in this podcast are derived from Sachem Head Capital Management, Bloomberg®, Ionic Digital, Toshiba Corporation, public company filings, public company disclosures and public news reporting, as of the recording date unless otherwise indicated. Terms and Definition ADR (American Depositary Receipt): A negotiable certificate issued by a U.S. depositary bank that represents shares in a foreign company and allows those shares to trade in U.S. markets. A-share: A share of a company incorporated in mainland China that is traded on a mainland Chinese stock exchange, generally in renminbi. Beta: A measure of the volatility of a security or portfolio relative to the broader market. A beta greater than 1 indicates greater volatility than the market, while a beta below 1 indicates lower volatility. CapEx (Capital Expenditures): Funds used by a company to acquire, maintain or improve long-term physical assets such as property, equipment or infrastructure. DRAM (Dynamic Random-Access Memory): A type of semiconductor memory commonly used in computers, servers and other electronic devices to temporarily store data that needs to be accessed quickly. EBIT (Earnings Before Interest and Taxes): A measure of a company's profitability before interest expenses and income taxes are deducted. EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization): A measure of a company's operating performance before the impact of interest, taxes, depreciation and amortization. FTSE: Financial Times Stock Exchange. FTSE Russell produces a range of market indices used to measure the performance of securities and markets globally. "FTSE®" is a trademark of the LSE Group and is used by FTSE International Limited ("FTSE") under license. Gross Margin: A company's revenue less its cost of goods sold, generally expressed as a percentage of revenue. HBM (High-Bandwidth Memory): A type of high-performance computer memory designed to provide significantly greater data-transfer speeds than conventional memory and commonly used in advanced computing and artificial intelligence applications. LBO (Leveraged Buyout): The acquisition of a company using a significant amount of borrowed capital to finance the transaction. LOI (Letter of Intent): A document outlining the preliminary terms and intentions of parties considering a transaction or other agreement. An LOI is generally entered into before a definitive agreement. LTA (Long-Term Agreement): An agreement between parties establishing terms for the purchase or supply of goods or services over an extended period. M&A (Mergers and Acquisitions): Transactions involving the combination of companies or assets through mergers, acquisitions or related corporate transactions. NAND: A type of non-volatile flash memory that retains stored data without power and is commonly used in solid-state drives and other data-storage devices. P/E ...

2. 

   19 Aug 2026

   Objectives vs. Benchmarks: Absolute Return Opportunities outside of AI

   In this episode of CIO Perspectives, Objectives vs. Benchmarks: Absolute Return Opportunities outside of AI, host Sid Ahl is joined by Dan Higgins, CIO of Marylebone Partners LLP, which recently became part of Brown Advisory, to discuss how investors can look for opportunities in a market increasingly shaped by AI and concentrated benchmarks. Sid and Dan explore the similarities and differences between today’s AI-driven market and the dot-com era, how the rise of passive investing and changes in market structure are reshaping opportunities for active investors and why investment objectives should not be confused with benchmarks. They also discuss where Dan is finding opportunities outside the most crowded areas of the market, including international equities, select software companies, credit and commodities. The conversation closes with a discussion of risk, the importance of maintaining a margin of safety and why overlooked areas of the market may warrant attention even as headline valuations remain elevated. ---- The views and opinions expressed in this podcast are those of the speakers and do not necessarily reflect those of Brown Advisory. These views are not intended to be and should not be relied upon as investment advice and are not intended to be a forecast of future events or a guarantee of future results. The information provided in this podcast is not intended to be and should not be considered a recommendation or suggestion to engage in or refrain from a particular course of action or to make or hold a particular investment or pursue a particular investment strategy, including whether or not to buy, sell or hold any securities mentioned. It should not be assumed that investments in such securities have been or will be profitable. To the extent specific securities are mentioned, they have been selected by the speakers on an objective basis to illustrate views expressed in the podcast and do not represent all the securities purchased, sold or recommended for advisory clients. The information contained herein has been prepared from sources believed reliable but is not guaranteed by us as to its timeliness or accuracy and is not a complete summary or statement of all available data. This piece is  for informational purposes only and is not individually tailored for or directed to any particular client or prospective client. Any return expectations are hypothetical, based on current market conditions and assumptions, and are not guarantees of future results. Actual returns may differ materially and may be lower or negative. Alternative investments are generally available only to investors who meet applicable eligibility requirements, including accredited investor and qualified purchaser standards where applicable. Credit spread percentile represents the percentile rank of the current option-adjusted spread relative to the index’s historical spread. Sources: Certain market, economic and company data referenced in this podcast are derived from Robert Shiller data, Goldman Sachs Research, PitchBook, FINRA, Investment Company Institute, Kiplinger, Jay R. Ritter’s Initial Public Offerings: Updated Statistics (University of Florida), TD Asset Management, TD Epoch, Bloomberg Finance L.P., the U.S. Bureau of Economic Analysis, Reuters and Morningstar, as of the recording date unless otherwise indicated. Terms and Definitions Absolute return investing is an investment approach focused on generating positive returns over time rather than outperforming a specific market benchmark. Alpha is the excess return of an investment relative to a benchmark, after accounting for market exposure or risk. Credit spread is the difference in yield between a corporate or other non-government bond and a comparable government bond, reflecting the additional compensation investors receive for assuming credit risk. Downside protection refers to investment characteristics or strategies intended to reduce losses during periods of market decline. Equity risk premium is the additional return investors expect to receive from owning equities relative to a risk-free investment. Exchange-traded fund (ETF) is an investment vehicle that holds a basket of securities and trades on an exchange like a stock. Free cash flow (FCF) is the cash a company generates after capital expenditures that can be used for dividends, buybacks or reinvestment. Initial public offering (IPO) is the process through which a private company first offers its shares to public investors. Margin of safety is the valuation cushion that may help protect against downside risk when an investment’s market price is below an investor’s estimate of its intrinsic value. MSCI All Country World Index (MSCI ACWI) captures large- and mid-cap representation across developed and emerging markets. The Index covers approximately 85% of the global investable equity opportunity set. MSCI® and MSCI Indexes are trademarks and service marks of MSCI Inc. or its subsidiaries. Producer Price Index (PPI) measures changes over time in the prices domestic producers receive for their output. Renminbi (RMB) is the official currency of the People’s Republic of China. Shiller cyclically adjusted price-to-earnings (CAPE) ratio is a valuation measure that compares the price of an equity market or security with its average inflation-adjusted earnings over the previous 10 years. S&P 500® Index represents the large-cap segment of the U.S. equity markets and consists of approximately 500 leading companies in leading industries of the U.S. economy. S&P® and S&P 500® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”), a subsidiary of S&P Global Inc. Special purpose acquisition company (SPAC) is a publicly traded company formed to raise capital through an IPO for the purpose of acquiring or merging with an existing private company. Tokyo Stock Exchange (TSE) is a Japanese stock exchange that lists many of the country’s publicly traded companies. Toronto Stock Exchange (TSX) is a Canadian stock exchange that lists companies across a range of sectors and is one of the largest stock exchanges in North America.

3. 

   22 Jul 2026

   Midyear Market Outlook: AI, Inflation and Where Investors See Opportunity

   In this episode of CIO Perspectives, Midyear Market Outlook: AI, Inflation and Overlooked Opportunities, host Sid Ahl is joined by Brown Advisory colleagues Christopher “Kif” Hancock, CIO International, and Sarge McGowan, CIO of U.S. Endowments and Foundations, for a midyear discussion on the forces shaping markets and portfolios. The conversation explores why AI continues to dominate market returns and economic growth, how investors should think about growing market concentration and where opportunities may emerge beyond the technology sector. They also discuss inflation, geopolitical risks, private markets and the challenges of balancing exposure to AI with a diversified, long-term investment philosophy. ----- The views and opinions expressed in this podcast are those of the speakers and do not necessarily reflect those of Brown Advisory. These views are not intended to be and should not be relied upon as investment advice and are not intended to be a forecast of future events or a guarantee of future results. The information provided in this podcast is not intended to be and should not be considered a recommendation or suggestion to engage in or refrain from a particular course of action or to make or hold a particular investment or pursue a particular investment strategy, including whether or not to buy, sell or hold any securities mentioned. It should not be assumed that investments in such securities have been or will be profitable. To the extent specific securities are mentioned, they have been selected by the speakers on an objective basis to illustrate views expressed in the podcast and do not represent all the securities purchased, sold or recommended for advisory clients. The information contained herein has been prepared from sources believed reliable but is not guaranteed by us as to its timeliness or accuracy and is not a complete summary or statement of all available data. This piece is  for informational purposes only and is not individually tailored for or directed to any particular client or prospective client. Alternative Investments may be available for Qualified Purchasers and Accredited Investors only. Private equity investments involve substantial risks, including illiquidity and the potential for loss of capital. Prospective investors should carefully review the applicable offering materials and determine whether such an investment is appropriate in light of their investment objectives, financial circumstances, and tolerance for risk. Sources: Certain market, economic and company data referenced in this podcast are derived from Bloomberg®, Bureau of Labor Statistics (BLS), OpenRouter, public company filings, public news reporting and Brown Advisory analysis, as of the recording date unless otherwise indicated. American Depositary Receipt (ADR) is a negotiable certificate issued by a U.S. bank that represents shares of a foreign company and trades on U.S. exchanges. Capital expenditures (CapEx) are funds used by a company to acquire, maintain or upgrade physical assets such as property, equipment or technology. Duration measures a bond's sensitivity to changes in interest rates. EBITDA (earnings before interest, taxes, depreciation and amortization) is a measure of a company's operating performance used to evaluate profitability and compare companies across industries. Free cash flow (FCF) is the cash a company generates after capital expenditures that can be used for dividends, buybacks or reinvestment. Graphics Processing Unit (GPU) is a specialized computer chip designed to process complex calculations and widely used in artificial intelligence applications. Hyperscalers are large technology companies that operate massive cloud computing and data center networks. Internal rate of return (IRR) is the annualized rate of return that makes the net present value of an investment's expected cash flows equal to zero. It is commonly used to evaluate private investments. The MSCI All Country World Index (MSCI ACWI) captures large and mid-cap representation across Developed Markets (DM) and Emerging Markets (EM) countries. The Index covers approximately 85% of the global investable equity opportunity set. MSCI® and MSCI Indexes are trademarks and service marks of MSCI Inc. or its subsidiaries. NASDAQ refers to the Nasdaq Stock Market, a U.S. stock exchange that lists many technology and growth-oriented companies. The S&P 500® Index represents the large-cap segment of the U.S. equity markets and consists of approximately 500 leading companies in leading industries of the U.S. economy. S&P®, S&P 500® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”), a subsidiary of S&P Global Inc. Price-to-earnings (P/E) multiple is a valuation metric that compares a company's share price to its earnings per share and is used to assess how the market values a company's earnings. Sectors are classifications of companies based on their primary business activities under the Global Industry Classification Standard (GICS®). GICS® was developed by MSCI Inc. and S&P Dow Jones Indices LLC to provide a consistent framework for categorizing companies into 11 sectors. The GICS® structure and related classifications are the exclusive property of MSCI and S&P Dow Jones Indices and are used with permission.

Reach and audience

Public platform figures. Ratings count people who left a rating, not total listeners.

YouTube views

72,796

Score snapshot 15 Sept 2025

Apple Podcasts (US)

4.4 / 5

7 ratings

Spotify

5.0 / 5

11 ratings

Podcast Authority Score: 58 / 100

A composite of feed quality, social presence, YouTube performance and engagement. Read the methodology.

Quality

61

Social presence

0

YouTube

76

Engagement

60

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Based on episode analysis; this does not confirm that the show is currently accepting guests.

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