ATRC - TimesSquare Capital Global Health Care Q1 2024 Commentary

2024-06-25 10:40:00 ET

Summary

• TimesSquare Capital Management, LLC is a fundamental research-oriented growth equity investment management firm specializing in growth equity strategies for institutional investors. TimesSquare uses a well-established team approach to growth investing that has been in place since the mid-1980s.
• Through the end of March 2024, the Fund’s net performance was +2.76% QTD and +39.87% cumulative since inception (April 1, 2020).
• Large Cap Health Care underperformed the broader market with MSCI World Health Care returning 7.66% vs. 9.01% from MSCI World.
• While capital markets remain tight, reducing funding opportunities for the sector, we are encouraged to see continued robust M&A activity, as large cap balance sheets remain healthy.

To Our Investors,

Through the end of March 2024, the Fund's net performance was +2.76% QTD (+2.05% Net) and +39.87% (+25.91% Net) cumulative since inception (April 1, 2020)....

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