Money Manager Interview Excerpt G.CAREY / J.KORHONEN - BROWN INVESTMENT ADVISORY & TRUST COMPANY Full article published: 5/13/2002     For Subscribers Get this article online now! Order just this article Get Financial Filings and Annual Reports for Companies featured on TWST from EasyReports.net TWST: First of all, could you give us a brief overview of Brown Investment Advisory & Trust and your responsibilities there? Mr. Carey: The firm manages just shy of 5 billion for high net worth individuals and institutions in a multidiscipline format. The bulk of our accounts are with high net worth individuals, close to 80%, and the balance of the business is with institutional clients ' foundations, pension plans and endowments. The disciplines that we use within equities are large cap growth and value, small cap growth, and international. We have outsourced the management of international equity to Philadelphia International Advisors, formerly a division of the Glenmede Trust Company. On the fixed income front, we manage both taxable and tax-exempt portfolios. TWST: As growth investors, to what degree do you use momentum? Mr. Carey: Our discipline has a little bit longer-term focus relative to momentum investors. TWST: How many stocks are currently in your portfolios, and does this number fluctuate at all? Ms. Korhonen: The portfolio tends to have between 40 and 50 holdings. The portfolio currently has 45 names. Tickers included in this excerpt: BMY, CMCSK, COST, ELN, ERICY, FLEX, IMCL, INTC, LLTC, LOW, MAR, MEL, MMC, MWD, ORCL, PWAV, SII, SNE, T, TGT, TIF, TXN, ZMH Have TWST notes emailed to you free: Email address: For more information call (212) 952 7400. The Wall Street Transcript does not endorse any of the comments made by interviewees, and does not make stock recommendations.

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