LEGN - TimesSquare Capital U.S. FOCUS Growth Equity Q1 2024 Commentary
2024-06-25 07:20:00 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.
- While growth equity indexes outshone value, growth and profitability had negative returns among global risk factors. Momentum was the dominant factor this quarter.
- Looking further into 2024, markets will keep a close eye on central banks and the election booths.
- We continuously review the business models and management teams of current and potential holdings, and fine tune our own valuation models on an ongoing basis, as we endeavor to protect the assets you have entrusted with us.
| Performance |
| Annualized |
| 1Q24 |
| 1YR |
| 3YR |
| 5YR |
| 7YR |
| 10YR |
| FOCUS Growth Equity Composite (Gross) |
| 11.72% |
| 39.08% |
| 14.40% |
| 18.76% |
| 17.37% |
| 13.39% |
| FOCUS Growth Equity Composite (Net) |
| 11.49% |
| 37.79% |
| 13.29% |
| 17.61% |
| 16.23% |
| 12.28% |
| Russell Midcap® Growth Index |
| 9.50% |
| 26.28% |
| 4.61% |
| 11.81% |
| 12.86% |
| 11.34% |