TimesSquare Capital Management U.S. Small/Mid Cap Growth Strategy’s Q4 2023 Investor Letter

TimesSquare Capital Management, an equity investment management company, released its “U.S. Small/Mid Cap Growth Strategy” fourth-quarter investor letter. In the fourth quarter, the strategy returned 9.80% (gross) and 9.53% (net) compared to 12.59% for the Russell 2500 Growth Index. The recent market rally can be attributed to central banks pausing their rate hikes, as well as speculation about a possible shift towards monetary easing. Additionally, concerns about limited access to skilled workers and wage inflation reduction also played a role. Also, style factors had only a minimal impact on returns this quarter, except for Beta and U.S. Volatility. In addition, please check the fund’s top five holdings to know its best picks in 2023.

A copy of TimesSquare Capital Management U.S. Small/Mid Cap Growth Strategy’s Q4 2023 investor letter can be downloaded here.