Eddie C. Brown- Managing $12 Billion in Baltimore
For over 30 years, Brown Capital Management has been making waves in the Mount Vernon district of Baltimore, Maryland. To date they have assets of over $12 billion accumulated from investing in mostly small and midcap companies. So far this year, Brown’s flagship Small Company Fund is up 21%, trouncing the market, and has averaged a 19% return annually over the past decade. Since its inception in 1992, the fund is up 22-fold. The $400 million International Small Company Fund has returned an average of 18% annually over the last three years, versus 10% for its peers.
Brown Capital Management
In 1983, Eddie opened Brown Capital Management out of his home office and a post office box where he launched the Large Cap Service which required a minimum investment of $100,000. His first investor Geraldine Whittington, former secretary to President Lyndon Johnson invested $200,000. After one month he moved his office to 500 North Charles Street and hired Millie Eckhard, as account administrator. They launched the Mid Capitalization Service and a family of mutual funds in 1991 and the International Equity Fund and International Service in 1998. To date, they have been awarded the Small-Cap Growth Funds 10-Year Thomson Reuters Lipper Fund Awards and five stars Morning Star Overall rating.
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Who is Eddie C. Brown
Eddie C. Brown started Brown Capital Management on July 1, 1983. He is chairman of the firm’s board of directors and a member of the Management Committee, the firm’s governing body. Eddie boasts over 40 years of investment experience, serving as VP and portfolio manager at T. Rowe Price Associates, Inc. for 10 years before starting his own firm in 1983. He earned a BS in electrical engineering from Howard University, an MS in electrical engineering from New York University, and an MBA from Indiana University Kelley School of Business. He holds the professional designations of CFA and CIC. Eddie received honorary doctor of humane letters degrees from Howard University, Johns Hopkins University and Maryland Institute College of Art (MICA), an honorary doctorate in public service from Morgan State University, and an honorary doctor of business administration from McDaniel College. He is a member of the board of directors of the Open Society Institute–Baltimore and of the National Cabinet-Woodrow Wilson International Center for Scholars. Eddie’s community and philanthropic efforts are extensive. Eddie has been recognized as a distinguished alumnus by Howard University and the Kelley School of Business, Indiana University. He was appointed to the ERISA Advisory Council by the U.S. Secretary of Labor, where he served a three-year term. Eddie was also a regular panelist for 25 years on the nationally televised “Wall Street Week With Louis Rukeyser” and was inducted into the program’s hall of fame. He is the author of Beating the Odds–Eddie Brown’s Investing and Life Strategies.
He was recently featured in Forbes Magazine.
