Overview
TimesSquare is a fundamental research-oriented, growth equity investment management firm
specializing in growth equity strategies. Since its inception, TimesSquare uses a well-established team
approach to build diversified portfolios of growth stocks designed to generate risk-adjusted returns.
Proprietary fundamental research drives our disciplined, bottom-up process of selecting companies that
meet our definition of an advanced growth business.
As a firm, TimesSquare has been in business since January 2000. TimesSquare currently has
approximately 48 employees working in its office located in New York, New York. The Firm principally
serves as an investment adviser or sub-adviser to various institutional clients, including, but not limited
to, employee benefit plans, state and municipal government entities, corporations pooled investment
vehicles certain high net worth individuals; and in limited instances to modeled portfolios (collectively,
the “clients”). TimesSquare also serves as an investment manager to certain private funds, described
below.
Principal Ownership
As TimesSquare’s institutional partner, Affiliated Managers Group, Inc. (“AMG”), a publicly-traded
asset management company (NYSE: AMG) with equity investments in boutique investment
management firms, indirectly holds a majority equity interest in TimesSquare. TimesSquare’s principals
hold the remaining equity interests in the Firm. AMG also holds equity interests in other investment
management firms (“AMG Affiliates”). Further information on both AMG and the AMG Affiliates is
detailed below.
Advisory Services
TimesSquare generally provides investment advisory services to clients and certain private funds on a
discretionary basis. The Firm specializes in identifying equity securities that it believes have the most
potential for price appreciation.
TimesSquare uses a proprietary stock selection methodology based on
fundamental research to identify these growth companies. Further information on TimesSquare’s
investment strategies and methods of analysis is stated below.
As an asset manager for clients and its private funds, TimesSquare recognizes that their clients are unique
and their investment needs may be different. As such, the Firm may modify its primary investment
strategies, as necessary, to meet the goals that theirs clients specify; in an effort to accommodate
particular investment objectives and accompanying restrictions.
TimesSquare also provides investment advisory services in the form of a model portfolio to be utilized
by a sponsor bank and/or broker dealer in an overlay program. Under the unified managed account
(“UMA”) programs, the Firm has an agreement with the UMA sponsor and not the underlying
participants in the UMA program. While we attempt to manage the UMA program accounts similarly to
other client accounts over time, at certain times, the UMA program accounts will be administered
differently as discussed further throughout this document. TimesSquare relies upon the UMA Sponsor
to determine the suitability of our services and the UMA program for clients. Depending upon the level
of the UMA fee charged by an UMA Sponsor, the amount of portfolio activity in a participant’s account,
the value of the custodial and other services that are provided under an UMA program and other factors,
a participant should consider that the cost for an UMA program account may be more or less than if a
participant were to purchase the investment advisory services and the investment products separately.
Regulatory Assets Under Management
As of December 31st, 2023, TimesSquare’s regulatory assets under management were $8.2653 billion
managed on a discretionary basis.